Condo Prices in Issaquah Continue to Increase Steadily in 2013

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Education & Training

Well, it was certainly touch and go for a while, but the median sale prices for condos in Issaquah continued to increase at a steady clip in 2013.

 

Despite a seasonal dip in prices last January & February, the median condo price in Issaquah for December increased a whopping 45% over the same month in 2012, to $276,000 - up from a median of $191,000.

 

Median Sale Price for Issaquah Condos

 

The median list price hasn’t dropped below $200,000 since January of 2013 - and the average median for the entire year was approximately $234,000. So, with the relative tight inventory - especially for condos in the ever-popular neighborhood like the Issaquah Highlands and Klahanie, it’s likely prices will continue to rise in 2014.

 

As Issaquah home and condo owners are well aware, there was a literally “glut” of condos on the market in 2010 & 2011, including an exceptional number of short sales and foreclosures. While the housing market was already in recovery by mid to late 2011, the condo market was slow to catch-up, until the distressed inventory was cleared.

As current condo buyers know, the days of having an ample selection are long over. And with the new construction condos and town homes in the Highlands by Pulte & Polygon pushing prices up, in addition to other new condo projects on the horizon, it’s almost certain buyers in the Issaquah area will continue to feel the pressure.

Posted by

RealFX Group at Coldwell Banker Danforth


Anthony Gilbert, REALTOR® is a real estate agent with Coldwell Banker Danforth
serving residential home buyers and sellers on Seattle's Eastside.



The RealFX Group at Coldwell Banker Danforth Real Estate

2111 Northgate Way Suite 101

Seattle, WA 98133

www.realfx.com
www.anthonygilbert.com

Call Direct: 425-677-5603

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Washington King County Issaquah
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