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The community of Cypress Landing is a popular choice in the Dr. Phillips area for the $400,000 price range and a home around the 3,000 square foot mark. The builder, Reiche Silliman, offered a variety of plans and meandering streets giving it an appeal that’s not commonly found in this area. There’s also an estate section to the north end of the community which offers more customized plans and larger lots.
One of the neatest things about this community is that it’s walking distance to Windy Ridge Elementary. You don’t have to cross any busy streets, it’s an uneventful stroll through the neighborhood. To top it off, the highly regarded Chain of Lakes Middle School and Olympia High School are just a mile or two away.
The homes here were built in the mid to late 90’s and will require some updating, but the floor plans were ahead of their time and will feel like a modern home with just a few updates.
Six sales have taken place here since January 2009 with the majority of sales taking place in the second half of the year with an average price of $436,446. Perhaps it’s a sign that we’ve turned the corner in this brutal market. It took an average of 139 days to sell with an average price per square foot of $138 per square foot. Sales prices ranged from $340,000 to $520,000 with a median sales price of $457,500.
The numbers look really good for the kind of market we’ve been trudging through and there’s not that many foreclosures messing up the comps like a bunch of other neighborhoods in the area meaning the current values are not vulnerable to outside forces beyond the normal supply and demand influences.
It’s really a solid choice for buyers concerned with resale value and it’s just a nice place to call home.
download pdf: 2009 Sales in Cypress Landing