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Where are new construction home prices in Sammamish headed?

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Real Estate Agent with Keller Williams Realty - Bellevue 89879

In an attempt to answer the question, "Where are new construction home prices headed in Sammamish?" I ran two reports the first is Median Sale Price for "Presale" homes in Sammamish over the last year. Sammamish Presale Home Sales 2012

As you can see home prices fell from December to March before rebounding in June. The sample size that this report pulled was only 30 homes, possibly too few for a meaningful reflection of the market conditions, however if we take a look at the national picture... Nationwide New Construction

You can see that New Construction Home Inventory is pretty low historically. This would lead new home builders to see plenty of room for modest gains over the next few years in sales prices as supply isn't meeting demand. So the short answer is that in the next few months you may find some great opportunities, but in the long run I would say that Sammamish New Construction Home Prices will go up. Reference: http://www.calculatedriskblog.com/2012/11/new-home-sales-and-distressing-gap.html

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