SNOQUALMIE RIDGE HEADLINES
2017 looks to be one of the biggest years for home sales on record! Whether you are selling, thinking of selling, or happy to be in your home for the foreseeable future it’s always important to know what’s going on in your local housing market. Below are answers to some of the most often asked questions as well as some that may not be asked but are definitely of interest to people who live in an area that is diverse with builders of all different types of homes from entry level to high end custom. Let us know how we can help you have a better understanding of your home and your neighborhood or a home you are interested in Snoqualmie Ridge.
1. What was the average sales price for a home at Snoqualmie Ridge in 2016?
2. How much is the average price per sq ft difference between New Construction and Resale Homes?
New Construction single family residences had a price per square foot of $248.59/sq ft with an average selling price of $838,799
Resale single family residences had a price per square foot of $243.82/sq ft with an average selling price of $650,576
3. How much are Homes on the Snoqualmie Ridge TPC Golf Course selling for?
There were 18 Golf Course Homes sold in Snoqualmie Ridge in 2016. The average price for a home selling on the golf course is $1,058,439. They are getting 98% of their original listed price.
4. What is the average price per sq ft of these home builder re-sales homes going for?
|Murray Franklin Homes: $233.60||Camwest Homes: $237.22|
|Quadrant Homes: $238.71||Conner Home: $248.31|
|DR Horton Homes: $251.74||Centex Homes: $254.26|
|Burnstead Homes: $256.78|
5. What is the outlook for the Snoqualmie Ridge Housing market for 2017, and what do raising interest rates, low inventory and bidding wars mean for me?
If the past is an indicator of the future, taking a look at inventory numbers from last year to current levels, we are seeing that low inventory pattern is still with us as we get the year started which is a good indication that 2017 could turn out to be another record year for home values increases. The last week of
2015 and first week of 2016 saw zero (that's right NO) inventory in all of Snoqualmie. This is an area with approximately 3700 homes as estimated by Snoqualmie Ridge ROA. This year the inventory is up a bit but still relatively low which will also help give an idea of a trend for 2017 where prices will push higher but not likely to be at the same jump year on year as they were on the previous year on year. The demand is still there, so if you have been thinking that maybe you missed out in 2016, you can feel pretty good that you have not and that 2017 will bring about another great opportunity to sell if you have been in your home for a number of years.
We are here to help you with the process of selling your home with the most comprehensive marketing plan available in the area and in the process also save you thousands of dollars in listing commissions! The year may be starting off slow like last year but it is sure to be active between February-October!
Have A Home To Sell Or Wonder What Your Home Is Worth?
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Plug in your address in our home search tool above to see what homes are selling for in your area. Once you do that, feel free to let us know what you would be willing to sell for. We have a number of buyers looking and may be able to connect a buyer to your home. If you have any questions, let us know and we'll connect you with one of our knowledgeable local agents.
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