Market Mondays: Issaquah

Happy Monday! This week we are looking at the beautiful community of Issaquah, one of my absolute favorite locations and is becoming a hotbed for growth and development as people see what this community has to offer.  Issaquah is just 17 miles east of Seattle, sitting on the southern border of Lake Sammamish. With its proximity to Seattle, nearby mountains, and perfect summer weather, the town has grown in recent years and attracts enough new blood to be the second fastest growing suburb in the state.

Issaquah is nestled up against the Cascade foothills. Several small mountains make up the so-called Issaquah Alps to the south of Issaquah: Tiger Mountain, Cougar Mountain and Squak Mountain.  This area is also a major attraction for the outdoor lovers, making it a perfect lifestyle fit for those who like the best of both worlds. The Issaquah and Sammamish Plateaus and Lake Sammamish are to the north.

So, what’s happening in Real Estate? Issaquah has seen steady growth and like I mentioned earlier is the second fastest growing suburb in the state of Washington.  Issaquah has seen a 12% increase in home sales when compared to December of 2013 with a median sale price of $700,000.  As of December 15th, 2014 there are 43 single family homes for sale ranging from $358,300-$4.98 million.  In the last 90 days, 70 single family homes have sold, ranging from $272,888-$1.83 million with a median sale price of $700,000 like I mentioned earlier.  The average days on market is 36 days! Who said that December is a bad time to buy or sell a home?!

The graph above displays months of inventory through the end of November, however, as of December 15th 2014 Issaquah is at 1.84 months of inventory based on closed sales which is slightly higher than December of 2013.  What this tells us is that there is a shortage of inventory, more buyers than sellers.  Issaquah is a hotbed for new construction so this will be an interesting market to keep an eye on.

If you or someone you know is looking to buy or sell their home, please don’t hesitate to contact me at rachelwagner@johnlscott.com or call/text 324.0302.  Don’t forget to follow my blog for weekly market updates, which you can do by clicking the “follow” button at the top right hand side of the page.

Oh, and here is a lovely display of lights that you might be interested in checking out in Issaquah, in the spirit of the holiday season!  This light show is dressed to impress with hundreds of thousands of lights that the Ginnaty family has been putting on for over a decade.

Ginnaty Christmas Light Show
9325 240th Avenue SE
Issaquah, WA 98027

South of Issaquah on Front Street, take SE 96th Street east to the turn. Turn left on 240th Ave SE. You can’t miss it on the left a few houses up the street. Look for the sandwich boards at the turns to confirm you’re in the right spot.

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