Current Market Trends

Q2 2017 REVIEWS:

Click to view quarterly market reports for Mercer Island, Seattle and The Eastside.
Published July 2017

Mercer Island Report Seattle Report Eastside Report

 

WATERFRONT Q2 2017 REPORT:

Click to view the quarterly waterfront report for Mercer Island, Seattle and the Greater Eastside.
Published July 2017

Waterfront Report

 

CONDO Q2 REPORT:

Click to view the quarterly condo report for Mercer Island, Seattle and the Greater Eastside.
Published July 2017

Condo Report

MERCER ISLAND PAGE

Q2 2017 REVIEW

The Median Sale Price on Mercer Island increased 20.4% (to $1,590,000) over Q2 of 2016. Buyers continued to fiercely compete for the very few homes for sale below $2 million.

Mercer Island Report

The Average Cost Per Square Foot was $539, up from $478 in Q2 2016.

The highest sale ($8,000,000) was an eastside waterfront home built in 2012 with 6,338 square feet on 1.04 acres and sited with 150 feet on medium-bank waterfront. The lowest sale was a north end 1700 square foot 1982-built home on a tiny 0.06-acre lot listed at $775,000 and sold for $842,000.

Click here to view the complete report for a neighborhood by neighborhood breakdown of Average Sale Price, size, and number of homes sold.

© Copyright 2017, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

SEATTLE PAGE

Q2 2017 REVIEW

Mount Baker-Beacon Hill led the charge in Q2 with a Median Sale Price 23.5% higher than Q2 of last year. West Seattle and North Seattle fared very well also with prices up 17.5% and 15.1% over the same time.

Seattle Report

Overall the Median Sale Price change Q2 2016 to Q2 2017 stacks up as follows: West Seattle (17.5%), Mount Baker-Beacon Hill (23.5%), Madison Park-Capitol Hill (7.5%), Queen Anne-Magnolia (0.5%), Ballard-Greenlake (13.5%), North Seattle (15.1%), Richmond Beach-Shoreline (14.7%), and Lake Forest Park-Kenmore (14.5%).

Seattle’s overall Median Sale Price was $720,000—up 13.8% over Q2 2016.

Click here to view the complete report for a neighborhood by neighborhood breakdown of Average Sale Price, size, and number of homes sold.

© Copyright 2017, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

EASTSIDE PAGE

Q2 2017 REVIEW

Appreciation on the Eastside once again outpaced Seattle—a 17.3% increase in the Median Sale Price since Q2 2016 compared to Seattle’s 13.8%.

Eastside Review

The East Bellevue region was up 24.8%, followed by Mercer Island and East of Lake Sammamish at 20.4% and 19.9% over Q2 of last year.

The Median Sale Price change Q2 2016 to Q2 2017 breakdown is as follows: Eastside South of I-90 (15.0%), Mercer Island (20.4%), West Bellevue (15.2%), East Bellevue (24.8%), East Lake Sammamish (19.9%), Redmond (18.9%), Kirkland (16.3%), and Juanita-Woodinville (12.0%).

The Eastside’s overall Median Sale Price was $880,000—up 17.3% over Q2 2016.

Click here for the full report and neighborhood-by-neighborhood statistics!

© Copyright 2017, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

WATERFRONT PAGE

Q2 2017 REVIEW

Waterfront Report

Q2, typically the second most active quarter of the year for waterfront—behind Q3—saw an expected seasonal uptick in sales on par for region. While those properties with coveted topography, easy access, prime waterfront, and turn-key condition captured the interest of more buyers, several rehab/rebuild sales transpired in Q2 as well.

The highest waterfront sale in the Seattle-Eastside region ($8.9 M) was a stunning 2016-built home on Medina’s Evergreen Point Road with 112 feet along the water’s edge.
The lowest sale ($1.3 M) was a small 1942-built Lake Sammamish home with 50 feet on the west side of the lake.

Forty-one private waterfront sales transacted in the Seattle-Eastside region in Q2. That’s an impressive number given there were an average of 84 private waterfront homes for sale at any time during the second quarter of 2017.

Check out the full Waterfront Report for a complete list of waterfront home sales by address and community.

© Copyright 2017, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

CONDO PAGE

Q2 2017 REVIEW

Condo Report

The Q2 median sale price increased by 14.6% in Seattle and 17.2% on the Eastside over Q2 2016. The total number of condo sales on the Eastside remained about the same (829) while the number of units sold is Seattle (845) was down 17% from Q2 of last year. Fewer units available for sale in Seattle was the biggest contributing factor.

In Q2, East Lake Sammamish had the newest condos with an average year built of 1998. The largest 2-bedroom condos, with an average of 1,371 square feet, were in the Downtown/Belltown area. The most affordable condos, with 2-bedroom units sold for around $247,000, can be found in the Lake Forest Park-Kenmore neighborhood. The highest priced condos were in Downtown Seattle-Belltown condos sold for an average sale price of $905,000.

This report contains information on condo sales by neighborhood for the entire Seattle-Eastside region. The data includes average sale prices; typical size, bedroom count and age of condo buildings in each area; the number of units sold annually; and the average cost per square foot. While every condo building is unique unto itself, looking at overall prices within a region can show general growth trends.

Check out all of these factoids and more in the full condo report.

© Copyright 2017, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

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