Q3 2017 Seattle Area Residential Real Estate Report

Windermere Mercer Island

MERCER ISLAND

The median sale price on Mercer Island increased 13.6% (to $1,460,000) over Q3 of 2016. Time will tell whether recently imposed building restrictions—making the island one of the most restrictive cities in the region to build or remodel—will have an impact on home values.

Mercer Island Report

The highest sale ($5,500,000) was a south end waterfront home built in 2017 with 4.536 square feet on 0.25 acres and sited with 75 feet on low-bank waterfront. The lowest sale was a mid-island 1460 square foot 1954-built home on Island Crest Way listed at $875,000 and sold for $780,000.

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

 

SEATTLE

Appreciation in Seattle outpaced that of the Eastside—a 16.3% increase in the median sale price since Q3 2016 compared to the Eastside’s 13.8%.

Seattle Report

Median sale prices were up Q3 to Q3 as follows: West Seattle (14.3%), Mount Baker-Beacon Hill (20.6%), Madison Park-Capitol Hill (11.4%), Queen Anne-Magnolia (1.5%), Ballard-Greenlake (14.0%), North Seattle (18.2%), Richmond Beach-Shoreline (29.6%), and Lake Forest Park-Kenmore (14.1%).

Seattle’s overall median sale price was $715,000—up 16.3% over Q3 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

Bellevue-West of 405 outpaced the pack in Q3 with a median sale price 24.6% higher than Q3 of last year. Bellevue-East of 405 and Kirkland-Bridle Trails fared very well also with prices up 19.7% and 18.5% over the same time.

Eastside Review

The median sale price change Q3 2016 to Q3 2017 breakdown is as follows: Eastside South of I-90 (18.4%), Mercer Island (13.6%), West Bellevue (24.6%), East Bellevue (19.7%), East Lake Sammamish (7.0%), Redmond (16.8%), Kirkland (18.5%), and Juanita-Woodinville (13.9%).
The Eastside’s overall median sale price was $860,000—up 13.8% over Q3 2016.

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

 

 

© Copyright 2017, Windermere Real Estate/Mercer Island. Information and statistics derived from Northwest Multiple Listing service.

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