New Eastside Market Reviewbuckhoffman.com/Buck-Hoffman-Q3-2016-Eastside-Market... · 2020. 6. 30. · Mercer Island South End 6234 E Mercer Way $1,650,000 4 Bed / 2.5 Bath/ 3,110

Eastside Market Review

Q3 Eastside real estate statistics for the third quarter of 2016

2016 Q3 OV ERV IE W

The Eastside saw particularly strong sales in the third quarter, and posted a record September for pending sales. Inventory continues to be very low. Home prices showed double-digit increases over

the previous year. While the Eastside is one of the hottest real estate markets in the country, there are signs that prices may be rising more slowly than they did in the first half of the year.

• Demand in this highly desirable area is strong and most home continue to sell quickly. A $6 million home on Lake Washington sold in nine days for $50,000 over asking price.

• Inventory remains very low with just over a month supply of homes. Three to six months of supply is considered to be balanced.

• At the end of the quarter, the median price for homes sold on the Eastside was up 10 percent over a year ago to $750,000.

2[ Cover photo: listing #1037696 on page 14 ]

http://www.windermere.com/listing/48699770

• Bellevue:• Bellevue / East of I-405 .................................................................................. 4

• Bellevue / West of I-405 ................................................................................ 6

• Eastside / South of I-90 ................................................................................. 8

• East of Lake Sammamish / Issaquah ...........................................................10

• Kirkland / Bridle Trails ............................................................................................12

• Mercer Island ................................................................................................................14

• Redmond / Carnation .............................................................................................16

• Renton Highlands ......................................................................................................18

• Woodinville / Juanita / Duvall ..........................................................................20

• Market Share .................................................................................................................22

• Why Windermere ......................................................................................................24

• Local Expertise, Global Connections .........................................................28

[ click on area to jump to that page ]

3

Bellevue14734 NE 10th Street

$1,489,8004 Bed / 4.0 Bath / 3,914 SQFT

MLS #: 1029936

Lot Size: 10,150 sqft

Year Built: 2016

Style: 2 Story

Views: None

School District: Bellevue

Bellevue / East of I-405

High Price Listing

Microsoft3300 170th Ave NE

$775,0004 Bed / 2.25 Bath / 2,450 SQFT

MLS #: 968912


Year Built: 1972

Style: Split Entry

Views: Territorial

School District: Issaquah

Low Price Listing

Lochmoor17203 NE 4th Street

$975,000 5 Bed / 2.5 Bath / 2,740 SQFT

MLS #: 1032460


Year Built: 1961

Style: 1 Story with Basement

Views: Mountain, Lake


Medium Price Listing

4




Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

2016 Q3

Median Closed Sales Price > SEPTEMBER

Closed Sales > SEPTEMBERMonths Supply of Inventory > SEPTEMBER(includes pending sales)

less than 3 months = seller’s market

3 -6 months = balanced market

more than 6 months = buyer’s market

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

2015 2016 10 year average

$601,495

$520,000

$442,500$474,000

$512,500$470,750

$550,000

$626,000$668,500

$730,000

-14% -15% +7% +8% -8% +17% +14% +7% +9%

1.1 1.0

2.8


70

85

59

All figures are based on single family home sales, which include townhomes and exclude condos.

5

Bellevue / West of I-405

Meydenbauer9033 Lake Washington Blvd NE

$6,200,0004 Bed / 3.0 Bath / 6,802 SQFT

MLS #: 1031985

Lot Size: 0.67 acres

Year Built: 1988

Style: 11/2 Story with Basement

Views: Mountain, Lake, Bay


High Price Listing

Bellevue1776 Bellevue Way NE 15

$1,500,000 2 Bed / 2.5 Bath / 2,322 SQFT

MLS #: 1038991


Year Built: 1987

Style: 1 Story

Views: Territorial


Low Price Listing

Enatai10637 Woodhaven Lane

$2,499,9505 Bed / 4.25 Bath / 4,635 SQFT

MLS #: 1023535

Lot Size: 9,526 SQFT

Year Built: 2014

Style: 2 Story

Views: None



6





2016 Q3


7

Months Supply of Inventory > SEPTEMBER(includes pending sales)





Closed Sales > SEPTEMBER

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016


$1,675,000

$975,500$900,000

$958,000 $961,000 $925,000

$1,602,500$1,547,500

$2,092,495$2,041,000

-43% -6% +6% 0% -4% +73% -3% +35% -2%

1.7

2.6

5.4


4038

28

Eastside / South of I-90

Whispering Heights4412 158th Ave SE

$1,225,0006 Bed / 3.5 Bath / 3,805 SQFT

MLS #: 960978


Year Built: 2014

Style: 2 Stories with Basement

Views: Territorial, Mountain, Lake


High Price Listing

Squak Mountain535 Mount Jupiter Dr SW

$500,0005 Bed / 2.75 Bath / 2,610 SQFT

MLS #: 1027870


Year Built: 1960

Style: Split Entry

Views: Territorial


Low Price Listing

Montreux4906 Alpen Glow Place NW

$950,0005 Bed / 3.5 Bath / 3,370 SQFT

MLS #: 1022284


Year Built: 1998


Views: Lake



8









2016 Q3




2007 2008 2009 2010 2011 2012 2013 2014 2015 2016


$640,000

$550,000

$480,000

$549,950$506,750

$574,000

$700,000$726,450 $726,500

$800,000

-14% -13% +15% -8% +13% +22% +4% 0% +10%

1.4 1.4

4.6


97102

77

9

East of Lake Sammamish / Issaquah

Aldarra2016 277th Ave SE

$1,295,0005 Bed / 4.25 Bath / 6,210 SQFT

MLS #: 1035032


Year Built: 2004


Views: Territorial

School District: Snoqualmie Valley

High Price Listing

Issaquah Highlands1911 NE Kenyon Ct

$575,0003 Bed / 3.5 Bath / 1,721 SQFT

MLS #: 1035903


Year Built: 2004

Style: Townhouse

Views: None


Low Price Listing

Sammamish24107 NE 29th Street

$900,0004 Bed / 2.5 Bath / 2,970 SQFT

MLS #: 1038601


Year Built: 1990

Style: 2 Story

Views: Territorial

School District: Lake Washington


10









2016 Q3




2007 2008 2009 2010 2011 2012 2013 2014 2015 2016


$609,000

$543,500$517,500

$500,000 $500,000$475,000

$540,000

$585,000

$679,296

$755,000

0% -13% +2% -6% -3% +14% +6% +4% +16%

1.1 1.1

3.8


200

174159

11

Kirkland / Bridle Trails

Juanita11651 91st Place NE

$1,795,0005 Bed / 5.5 Bath / 4,179 SQFT

MLS #: 1021648

Lot Size: 0.3 acres

Year Built: 2013

Style: Multi Level

Views: Territorial, Mountain, Lake, Bay


High Price Listing

Kingsgate12104 NE 137th Place

$545,0004 Bed / 1.75 Bath / 1,800 SQFT

MLS #: 1033750


Year Built: 1969

Style: Tri-Level

Views: None


Low Price Listing

Juanita10917 101st Place NE

$1,250,0005 Bed / 3.5 Bath / 4,550 SQFT

MLS #: 1027084


Year Built: 2003


Views: Territorial



12





2016 Q3


13







2007 2008 2009 2010 2011 2012 2013 2014 2015 2016


$594,925 $581,950 $575,000$550,000 $551,500

$651,500 $645,050

$712,000

$888,000$931,500

-2% -1% -4% 0% +18% -1% +10% +25% +5%

1.61.3

4.7


85

6356

Mercer Island

South End 6234 E Mercer Way

$1,650,0004 Bed / 2.5 Bath/ 3,110 SQFT

MLS #: 1037696


Year Built: 1983

Style: 2 Story


School District: Mercer Island

High Price Listing

Mercer Island8232 Avalon Drive

$4,198,0004 Bed / 4.0 Bath / 3,960 SQFT

MLS #: 1020216

Lot Size: 0.3 acres

Year Built: 1995




Low Price Listing

First Hill6829 SE 32nd Street

$2,485,0004 Bed / 3.5 Bath / 4,398 SQFT

MLS #: 1032751


Year Built: 2016


Views: Territorial, Mountain, Lake



14









2016 Q3




2007 2008 2009 2010 2011 2012 2013 2014 2015 2016


$950,000$951,250

$785,000

$656,000$747,500

$1,012,000$1,100,000 $886,750

$1,159,000

$1,298,999

0% -17% -16% +14% +35% +9% -19% +31% +12%

1.8

3.1

5.5


21

38

25

15

Redmond / Carnation

Blakely Woods138 292 Ave NE

$1,299,0004 Bed / 4.75 Bath / 5,558 SQFT

MLS #: 850944


Year Built: 1991

Style: 2 Story

Views: Territorial, Mountain

School District: Snoqualmie Valley

High Price Listing

Union Hill Equestrian5629 236th Avenue NE

$710,0002 Bed / 1.0 Bath / 1,590 SQFT

MLS #: 966483


Year Built: 1955

Style: 1 Story

Views: Territorial


Low Price Listing

Education Hill11815 179th Place NE

$899,9905 Bed / 2.75 Bath / 3,020 SQFT

MLS #: 1039314


Year Built: 2006

Style: 2 Story

Views: None



16









2016 Q3




2007 2008 2009 2010 2011 2012 2013 2014 2015 2016


$620,000

$564,826 $565,000$593,500

$509,990 $541,000$549,950

$617,000$588,000

$685,000

-9% 0% +5% -14% +6% +2% +12% -5% +16%

1.41.1

4.1


8980

67

17

Renton Highlands

Coal Creek5415 NE 17th Street

$749,9505 Bed / 2.75 Bath / 3,050 SQFT

MLS #: 1015028


Year Built: 2006

Style: 2 Story

Views: Territorial


High Price Listing

Briarwood13812 180th Ave SE

$399,9004 Bed / 2.0 Bath / 1,628 SQFT

MLS #: 1018089


Year Built: 1969

Style: 1 Story

Views: None


Low Price Listing

East Renton14331 148th Place SE

$487,5004 Bed / 2.5 Bath / 2,050 SQFT

MLS #: 979383


Year Built: 1977

Style: 1 Story

Views: None

School District: Renton


18









2016 Q3




2007 2008 2009 2010 2011 2012 2013 2014 2015 2016


$439,950

$388,000

$322,500 $332,750$350,000 $355,000 $370,000

$416,500$435,000

$420,000

-12% -17% +3% +5% +1% +4% +13% +4% -3%

1.21.5

3.5


9287

67

19

Woodinville / Juanita / Duvall

Hollywood Hill15608 NE 153rd Street

$1,150,0003 Bed / 2.5 Bath / 3,502 SQFT

MLS #: 1035566


Year Built: 1987

Style: 2 Story

Views: None

School District: Northshore

High Price Listing

Low Price Listing

Bear Creek Country Club14031 205th Ave NE

$889,0004 Bed / 3.0 Bath / 2,989 SQFT

MLS #: 1039034


Year Built: 1983

Style: Tri-Level

Views: Golf Course



20

Trilogy23757 NE 134th Street

$619,0002 Bed / 1.75 Bath / 1,579 SQFT

MLS #: 1021391


Year Built: 2007

Style: 1 Story

Views: None










2016 Q3




2007 2008 2009 2010 2011 2012 2013 2014 2015 2016


$503,500

$455,000$435,000

$410,000 $373,249 $375,250

$470,000$495,000

$549,475$581,500

-10% -4% -6% -9% +1% +25% +5% +11% +6%

1.4

0.9

3.9


172190

128

21

Market Share by Company 2015

Windermere

John L. Scott

Coldwell Banker

RE/MAX

Keller Williams

Redfin

Skyline

Sotheby’s International Realty

The Cascade Team

Berkshire Hathaway

5% 10% 15% 20% 25% 30% 35% 40%

29%22%

13%12%

12%11%

7%8%

6%6%

Representing Sellers Representing Buyers

Eastside > by number of transactions

Companies not shown have less than 1% market share in buyers or sellers or both.

2%5%

2%2%

2%5%

2%1%

Graphs were created by Windermere using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences and condominiums sold from 1/1/2015–12/31/2015 in areas 500, 510, 520, 530, 540, 550, 560, 600.

Bellevue, Bothell, Duvall, Issaquah, Kenmore, Kirkland, Mercer Island, Newcastle, North Bend, Redmond, Sammamish, Snoqualmie, Woodinville, and surrounding neighborhoods.

2%1%

22

Graphs were created by Windermere using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences and condominiums sold from 1/1/2015–12/31/2015 in areas 500, 510, 520, 530, 540, 550, 560, 600 with a sales price of $1,000,000 or more.

2015 Market Share by Company

Eastside > transactions over $1,000,000

Bellevue, Bothell, Duvall, Issaquah, Kenmore, Kirkland, Mercer Island, Newcastle, North Bend, Redmond, Sammamish,Snoqualmie, Woodinville, and surrounding neighborhoods.

Windermere

Coldwell Banker

John L. Scott


RE/MAX

Keller Williams

Redfin

5% 10% 15% 20% 25% 30% 35% 40%

41%29%

17%13%

15%11%

4%6%

Representing Sellers Representing Buyers

Companies not shown have less than 1% market share in buyers or sellers or both.

5%4%

3%

23

2%3%

1%

Why Windermere

In an independent survey conducted by the Puget Sound Business Journal, readers were asked to identify Washington’s most respected company brands in a variety of business categories. Within the residential real estate category, Windermere Real Estate was selected by 58.8 percent of the survey respondents as the most respected real estate company brand in Washington.

This is an excerpt from an article that appeared in the July 29 –August 4, 2011 issue of Puget Sound Business Journal.

Washington’s

Most Respected Real Estate Brands

Most Respected Real Estate Brands

Percentage of votes

1 Windermere Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .58.8%

2 John L. Scott Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.6%

3 Coldwell Banker Puget Sound Area Affiliates . . . . . . . . . . . . . . . .6.9%

4 Redfin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.1%

5 Re/Max . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.0%

WORC 07/14

©2014 Windermere Services Company. All rights reserved.

Washington’s Most Respected Real Estate Brands

In an independent survey conducted by the Puget Sound Business Journal, readers were asked to identify Washington’s most respected company brands in a variety of business categories. Within the residential real estate category, Windermere Real Estate was selected by 58.8 percent of the survey respondents as the most respected real estate company brand in Washington.

24

The Sign in Your Yard Matters

A recent study shows that NWMLS brokers in King County are more confident working with Windermere brokers than any other brand.

Percent of respondents indicating they were completely confident or confident in doing a transaction.

The study was conducted by a third party in 2015 and included brokers who closed six or more transactions in the previous year.

Windermere

Coldwell Banker

John L. Scott

RE/MAX


Keller Williams

Lake & Company

Berkshire Hathaway

Gerrard Beattie & Knapp

Redfin

The Cascade Team

The Force Real Estate

RSVP Real Estate

10% 20% 30% 40% 50% 60% 70% 80% 90%

81%

71%

16%

9%

9%

9%

64%

54%

48%

45%

43%

34%

27%

25

Multiple offers? Your broker can make or break your deal.

26*Based on single family home sales in King County that closed above list price in 2015. New construction, condominiums and short sales were excluded.

**Based on a 2015 independent study of NWMLS brokers who closed six or more transactions in the previous year.

Buyers working with a Windermere broker are 19% more likely to win the sale in a multiple offer situation.*

Why Windermere brokers are most successful:• Windermere brokers help position their buyer’s offer to have the greatest appeal to the seller.

• Windermere brokers receive extensive training on how to create the most competitive offer and negotiate successfully in a multiple offer situation..

• Brokers are more confident in completing a transaction with a broker from Windermere than they are with any other real estate company.**

Success in multiple offersChange in market share in multipleoffers vs. non-multiple offers.

43% of home sales involve multiple offers.

Windermere

Lake & Company

Coldwell Banker

Keller Williams

Redfin

The Force Realty

RE/MAX

Sotheby’s

Skyline

Berkshire Hathaway

0.9%

0.9%

4.2%

0.5%

0.4%

0.2%

-0.2%

-0.2%

-0.5%

-0.5%

-2.8%John L. Scott

Acres of DiamondsProvides homeless women and children a safe haven and academic, relational and emotional mentoring.

Assistance League of the EastsideOperation Scholl Bell provides new Back-To-School clothing for disadvantaged students on the Eastside.

Attain HousingTransitioning homeless families with children into stable, permanent housing.

Backpack MealsProvides weekend’s worth of food to low income students in the Bellevue School District.

Bellevue Lifespring (formerly Overlake Service League)Provides meals to children on free and reduced cost lunch programs when school is not in session.

Birthday DreamsProvides Birthday-In-A-Box to homeless children.

Boys & Girls Club of BellevueFunds going to Project Learn — serving kids from 3 East Bellevue low-income housing developments.

Eastside AcademyPays for food expenses for homeless and poverty-level students while they attend this alternative school.

Eastside Baby CornerDistributes basic need items for infants and children.

KinderingProvides parent coaching at transitional housing sites.

LifeWire (formerly Eastside Domestic Violence)Provides emergency housing and support services for those fleeing abusive home situations.

Mamma’s HandsThe House of Hope program supports three shelters for homeless women and children in crisis.

Royal Family Kids CampProvides summer camp experiences for abused foster children.

Valley RenewalProvides food, shelter and supplies to those in need in the Snoqualmie Valley.

The Windermere Foundation benefits local nonprofits in our neighborhoods. Together we can give homeless and low-income children in our communities an opportunity for a brighter future. Below are the nonprofits that received Eastside Windermere Foundation funds in 2015.

A Brighter Future Because of You!

2015 Donation Grantees List Eastside Windermere Foundation

27

windermere.com

Local Expertise, Global Connections, Powerful Marketing

We Market Your Property to the World

When selling your home, you need global exposure in addition to the strong marketing expertise we deliver locally. As an affiliate of Leading Real Estate Companies of the World®, we have the resources to market your property to the highest possible number of potential buyers. With 120,000 talented associates around the world, we expose your property to buyers on six continents, ensuring more eyes on your property. In addition, we receive inbound clients from other affiliates around the globe who are interested in purchasing a home.

Leading Real Estate Companies of the World® is a pedigree denoting the very best companies who represent qualified clientele and wish to do business with similar firms. Each year our network is collectively responsible for over one million transactions on a global basis.

When your home is posted to our website locally, it is immediately promoted on the LeadingRE.com website. It is also immediately connected to the websites of over 500 of our affiliated real estate firms in the world.

®

®

WE MARKET YOUR PROPERTY TO THE WORLDWhen selling your home, you need global exposure in addition to the strong marketing expertise we deliver locally. As an affiliate of Leading Real Estate Companies of the World®, we have the resources to market your property to the highest possible number of potential buyers. With 120,000 talented associates around the world, we expose your property to buyers on six continents, ensuring more eyes on your property. In addition, we receive inbound clients from other affiliates around the globe who are interested in purchasing a home.



Local Expertise, Global Connections,

Powerful Marketing

OVER 500 FIRMS n 3,500 OFFICES n 120,000 ASSOCIATES n NEARLY 50 COUNTRIESOVER ONE MILLION TRANSACTIONS n $314 BILLION IN ANNUAL HOME SALES

WORC 05/14 #14146-4

®

®





Powerful Marketing


WORC 05/14 #14146-4

®

®





Powerful Marketing


WORC 05/14 #14146-4

http://www.windermere.com

http://www.windermere.com

Documents

New Eastside Market Reviewbuckhoffman.com/Buck-Hoffman-Q3-2016-Eastside-Market... · 2020. 6. 30. · Mercer Island South End 6234 E Mercer Way $1,650,000 4 Bed / 2.5 Bath/ 3,110