Q2 2017 Seattle Area Residential Real Estate Report

Windermere Mercer Island

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

 

MERCER ISLAND

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.

 

SEATTLE

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.

 

EASTSIDE

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.

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