My Listings

Wednesday, January 5, 2011

Snoqualmie Ridge 2010 Real Estate Review




*Prices drop a modest 3% Year over Year
*Sales Volume increases by 3%
*Average Day on Market come down by 21 Days.

In comparing 2010 Residential Sales at Snoqualmie Ridge to 2009 overall prices were fairly flat with volume and average days on market showing slight signs of improvement.

In 2009 Snoqualmie Ridge saw 179 Single Family Home Sales. In 2010 that number increased to 185. The Average Single Family Home at Snoqualmie Ridge sold for $493,569 in 2010. That is down for an average of $509,794 in 2009. (A drop of $16,370 for the average home or just over 3%)

In 2009 the average home was: 2,823 sq ft, took 142 Days on Market to sell, had an average starting list price of $559,424 and a final SALES price of $509,795

In 2010 the average home was: 2,876 sq ft, took 121 Day on Market to sell, had an average starting list price of $529,449 and a final SALES price of $493,569

All of these are very good trends after back to back years of double digit price drops in 2008 and 2009. We’re still a long way from moving 300+ homes in a year and seeing price improvement, but actual market stabilization may be seen by midyear and with rates remaining low and prices down to near 2003 levels it is very conceivable that we see well over 200 Single Family Homes move at Snoqualmie Ridge in 2011.

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