Issaquah, Sammamish real estate market transitions into fall

Issaquah, Sammamish real estate market transitions into fall

A monthly real estate snap shot by John L. Scott Real Estate.

  • Tuesday, October 15, 2019 1:30am
  • Business

By Erin Flemming

Special to the Reporter

While the sunny days of summer – and the heightened real estate action that comes with the season – are now over, the residential real estate market in Issaquah and Sammamish shows some positive signs.

Karen Lindsay, managing broker and branch manager of John L. Scott’s Bellevue-Issaquah office, said September’s market locally was slow in some aspects but faster paced in others. Lindsay noted the “sweet spot” of activity in the current market right now is homes in the $600,000 to $850,000 price range.

Martin Weiss, sales manager of the John L. Scott Bellevue-Issaquah office, said he expects moderate sales activity in the month of October, noting that October will bring the best selection for buyers until next spring.

“Along with the best selection of inventory until next spring, buyers this time of the year benefit from less competition, which can be a welcomed change,” Weiss said. “An advantage for sellers this time of the year is less competition than the spring market. However, when it comes down to it, buying or selling a home is best when the time is right for you.”

In his monthly remarks in response to statistics from the Northwest MLS, John L. Scott chairman and CEO J. Lennox Scott said the transition into the fall housing market creates opportunities for home buyers. At this time of year, although there are fewer resale listings and unsold inventory than what buyers will find during the peak summer months, there is also less competition for new listings currently on the market.

Scott also noted that the winter market this year may be a bit more intense than it was last year.

“Currently, there are fewer unsold listings on the market than we usually see at this point in time, and the number of unsold listings will continue to go down once the winter clean-up of inventory begins,” Scott said.

Citing tariffs and other current events on a national scale, some see a potential for instability in the current economic climate, which could impact the housing market. However, a report from the Associated Press cited a recent bump in home sales as a “sign of U.S. consumers’ resilience despite a darkening outlook for growth.”

Reflecting on consumer sentiment locally, Weiss said he thinks there is some hesitancy in the market due to volatility on a national scale. However, he noted positive factors at play in our market currently that mitigate some uncertainty.

“With that said, interest rates are near historic lows and job growth – which is a leading indicator for a healthy real estate market – is strong in the Seattle metro area,” Weiss said.

Lindsay agreed with Weiss, adding that she is noticing some hesitancy locally and the desire to be a bit more conservative with a home purchase. She noted that millennials are one group that has been holding off in the market but have recently been getting into the action. However, when millennials choose to purchase a home they can be a bit more selective, valuing price, environmental features and proximity to current or future transit options.


In consideration of how we voice our opinions in the modern world, we’ve closed comments on our websites. We value the opinions of our readers and we encourage you to keep the conversation going.

Please feel free to share your story tips by emailing editor@issaquahreporter.com.

To share your opinion for publication, submit a letter through our website https://www.issaquahreporter.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) We reserve the right to edit letters, but if you keep yours to 300 words or less, we won’t ask you to shorten it.

More in Business

Robert Toomey, CFA/CFP, is Vice President of Research for S. R. Schill & Associates on Mercer Island.
Volatility and disciplined planning in 2022’s stock market | Guest column

The stock market in January experienced significantly increased volatility. In the first… Continue reading

Snoqualmie Casino. Courtesy photo
Kirkland-based company sues to challenge ‘tribal gaming monopoly’ in Washington

Company called the state’s policy an “erroneous application of the Indian Gaming Regulatory Act.”

Robert Toomey, CFA/CFP, is Vice President of Research for S. R. Schill & Associates on Mercer Island.
The forces behind our current COVID-induced inflation | Guest column

Recent inflation numbers have been quite high and at levels not seen… Continue reading

Robert Toomey, CFA/CFP, is Vice President of Research for S. R. Schill & Associates on Mercer Island.
The ‘year end’ elements of financial planning | Guest column

With the end of the year fast approaching, we remind clients that… Continue reading

Formula Brewing is at 1875 NW Poplar Way in Issaquah. Learn more at www.formulabrewing.com. Courtesy photo
Issaquah’s first brewery and beer garden specializes in lagers – with love for IPAs

Formula Brewing also offers food including wings, pizza, Bavarian pretzels and salad.

Robert Toomey, CFA/CFP, is Vice President of Research for S. R. Schill & Associates on Mercer Island.
How financial planners address plan uncertainty | Guest column

One of the key challenges we face as financial planners is dealing… Continue reading

The results are in!
Best of Issaquah 2021 results

We had almost 1,100 voters and 12,000 submissions. Most popular categories: Best Coffee Shop, Customer Service, Hamburgers, Non-Profit, Fine Dining, Park, Mexican Cuisine, Pizza, Family Restaurant and Lunch.

Mixologist and general manager of Civility & Unrest, Joe Dietrich (photo by Cameron Sheppard)
If you want a regular cocktail, go somewhere else

Master mixologist Joe Dietrich is elevating cocktail culture at Bellevue’s Civility & Unrest.

Robert Toomey, CFA/CFP, is Vice President of Research for S. R. Schill & Associates on Mercer Island.
Is cryptocurrency really an investment? | Guest column

Undoubtedly you have heard about the new form of money known as… Continue reading

Front bar at Bellevue’s Civility & Unrest (courtesy of Civility & Unrest)
Two of James Beard Award-winning chef Jason Wilson’s restaurants to reopen in October

The Lakehouse plans to reopen Oct. 12 and Civility & Unrest reopens Oct. 14.

Stock photo
Grocery store workers have right to wear Black Lives Matter buttons

National Labor Relations Board ruling against ban by Kroger-owned QFC, Fred Meyer

Big Island Poke in Renton (courtesy of The Intentionalist Facebook page)
Small-business advocacy group wants you to try minority-owned businesses and put it on their tab

The Intentionalist is opening up $400 tabs for folks to use this weekend at select businesses.