Home Selling in 98075>Question Details

Josette, Home Seller in Issaquah, WA

We have recently listed our home in the 98075 area, and have had very few viewings. Are there actually buyers out there?

Asked by Josette, Issaquah, WA Thu Jun 17, 2010

We have done extensive research, and believe we are dealing with a competent agent. Compared to the recent sales in the area, we are priced appropriately. Any suggestions on marketing strategies?

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Hi Josette,
I live in Sammamish and do most of my business here too. With the school year coming to an end, parties, distractions and folks heading out of town, I think activity is a little slower right now. Don't panic.
The best marketing strategy I or anyone can recommend is to be the best looking home in your price range, be priced in the right range, clear out for all showings and take all offers seriously.
Continue to fine tune the home as you can, manicure the details until the place shines.
If you have a competent agent, listen to their advice. As conditions change, strategies change and you need to be prepared to adjust to what the market gives you. Best of luck with the sale of your home.
0 votes Thank Flag Link Thu Jun 17, 2010
Dear Josette,

Once a home is on the market, the activity dictates whether or not you are priced right for your particular property in your particular location in today's market. Your agent can recommend your strategy based on the total number of showings and the level of interest.

Yes, there are buyers out there, and in most eastside areas, including 98075. Here are some statistics you may find helpful.
Issaquah sales in 2010: Total closed Year to Date is 253 and average price was $577,508.
Issaquah sales in 2009: Total closed was 430 and average price was $517,633.

Since you are adjacent to Sammamish, here are some statistics for Sammamish:
Sammamish sales in 2010: Total closed Year To Date is 291 and average price was $612,495
Sammamish sales in 2009: Total closed was 445 and average price was $604,474.

Remember, we are only 58% of the way through 2010.

Warmly,
Karen
0 votes Thank Flag Link Fri Jul 23, 2010
Everything home will sell at the right price. It is a little slow right now but homes are selling. Postitioning your property in this market is crucial. Sellers are competing for buyers and there is more inventory than buyers. Look at it this way, there are three buyers that want to buy in your neighborhood this month. However, there are 10 competing homes for sale for those three buyers. Where is your home positioned to attract those only three buyers?

As a seller in todays market, you have to think like a buyer. How would you see your house and is it the best value for what you are asking? Look at competition and looking a comparable sales alone is not enough. Buyers will not pick your house and only look at everything w/in one mile to determine it's value. Look at what your home is competing from neighboring cities like Redmond, Issaquah and Bellevue in your price point. If you can find a home for the same price or lower that is a better value for a buyer, then you may want reconsider your positioning. Good Luck!!
Web Reference: http://www.nwssg.com
0 votes Thank Flag Link Wed Jun 23, 2010
The Cascade Team sells homes all over Issaquah and Sammamish. Activity does very by price point. What is your current price? Your listing agent should have shared with you the comps for your home including what the average days on market are. If the average days on market are above 100 days, then showing will tend to be slower.

Also, as Mack stated below. The news of late has not been good. I will attach a link to the most current real estate news below.
0 votes Thank Flag Link Thu Jun 17, 2010
Not so many, Josette. There's an article in today's New York Times about the market, and I've added a link to a graphic showing that mortgage applications are down dramatically.

I advise patience.
0 votes Thank Flag Link Thu Jun 17, 2010
Josette,

How long has it been on the market? You should look at the average time on the market of the houses with the same or comparable features is in your area. If you are above the average time, you should ask you agent with your open mind if your house is over price. You may think that you priced it right, I never seen or heard from any seller said that they home is over priced. Be open mind and willing to adjust the price.
0 votes Thank Flag Link Thu Jun 17, 2010
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