Cindy Paur 2015 Q2 Market Report

KING COUNTY RESIDENTIAL REPORT 2ND QUARTER 2015 RESIDENTIAL MARKET REPORT

PROVIDED BY CINDY PAUR

CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

[1]

MARKET TRENDS AVERAGES OF FEATURED MARKET SEGMENTS

# OF SALES

$ VOLUME

$/ SQFT

BELLEVUE

SEATTLE

KIRKLAND

REDMOND

WOODINVILLE MERCER ISLAND ISSAQUAH

SAMMAMISH

[2]

CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

MONTHS OF INVENTORY

ABOUT CINDY PAUR SENIOR GLOBAL REAL ESTATE ADVISOR

CONTENTS Q2 2015 MARKET REPORT

2 Market Trends 3 About the Author 4 Waterfront Report 6 Seattle Report 7 Seattle Report 8 Seattle Neighborhood Report 9 Seattle Neighborhood Report 10 Points Neighborhood Report 11 Bellevue Report 12 520 Corridor Report 13 I-90 Corridor Report 15 Active Listings

Having entered the real estate business after a successful career as a top marketing and merchandising executive with Nordstrom, Cindy brings her clients a unique combination of Northwest knowledge, creative marketing skills, proven negotiation strategies, and stellar customer service.

Cindy respects the people she serves and understands that buying and selling a home is a very personal venture. In addition to her passion for real estate, Cindy is dedicated to making the Puget Sound area a better place to live.

5 Waterfront Report

14 Significant Sales

With over 16 years of successful experience in the real estate business, Cindy, a Seattle native and University of Washington graduate, has a deep understanding of the unique personalities of the many neighborhoods in the greater Seattle area.

She supports many community organizations, including Seattle Children’s Hospital, the Seattle Art Museum, New Beginnings, and Treehouse for Foster Kids, where she served on the Board of Directors.

She and her husband-with whom she has successfully purchased, developed and sold many commercial and residential projectsreside in the Bellevue area with their son.

It is Cindy’s goal to deliver results beyond her clients’ expectations.

Whether you are selling a home, buying a home, or relocating to the Seattle area, Cindy is the right choice to help you meet your real estate goals. Please contact me for assistance via email or direct phone.

It is also Cindy’s goal to always provide her clients with up-todate information about the state of the market. Please let her know if you would like customized information about the regional real estate market.

CINDY PAUR

Senior Global Real Estate Advisor Sotheby’s International Realty CindyPaur.com

206.949.4497

CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

[3]

WATERFRONT REPORT SINGLE FAMILY HOMES

BELLEVUE Sold for $2.96 Million on 6/11/2015 BELLEVUE WATERFRONT

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

25

31

24%

Total Dollar Volume

$52,572,000

$75,744,000

44%

Average Sale Price

$2,102,900

$2,443,400

16%

Average Days on Market

145

77

-47%

Sold / List Price %

93%

96.1%

3%

Average Price Per Square Foot

$509

$595

17%

Months of Inventory

2.9

2

-31%

Current Inventory in Units

17

10

-41%

KIRKLAND

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

11

20

82%

Total Dollar Volume

$17,514,000

$31,520,000

80%

Average Sale Price

$1,592,200

$1,576,000

-1%

Average Days on Market

71

63

-11%

Sold / List Price %

90.5%

96.6%

7%

Average Price Per Square Foot

$502

$625

25%

Months of Inventory

6.8

2.5

-63%

Current Inventory in Units

13

13

0%

SKAGIT KEY, BELLEVUE Sold for $2.85 Million on 5/5/2015

KIRKLAND Sold for $2.36 Million on 3/25/2015 [4]

CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

WATERFRONT REPORT SINGLE FAMILY HOMES

SEATTLE WATERFRONT

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

44

53

20%

Total Dollar Volume

$50,371,000

$69,407,000

38%

Average Sale Price

$1,144,800

$1,309,600

14%

Average Days on Market

102

69

-32%

Sold / List Price %

96.5%

98.9%

2%

Average Price Per Square Foot

$427

$598

40%

Months of Inventory

4.8

2.8

-42%

Current Inventory in Units

50

25

-50%

SEATTLE Sold for $2.152 Million on 3/26/2015 MERCER ISLAND

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

26

21

-19%

Total Dollar Volume

$69,438,000

$75,073,000

8%

Average Sale Price

$2,670,700

$3,574,900

34%

Average Days on Market

209

161

-23%

Sold / List Price %

96%

90.8%

-5%

Average Price Per Square Foot

$627

$714

14%

Months of Inventory

6.3

5.6

-11%

Current Inventory in Units

35

21

-40%

MERCER ISLAND Sold for $5.45 Million on 2/3/2015

SEATTLE Sold for $3.695 Million on 3/23/2015 CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

[5]

SEATTLE REPORT SINGLE FAMILY HOMES

SEATTLE

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

3,722

4,005

8%

Total Dollar Volume

$2,045,382,000 $2,451,579,000 20%

Average Sale Price

$549,500

$612

11%

Average Days on Market

36

28

-22%

Sold / List Price %

101.1%

102.8%

2%

Average Price Per Square Foot

$273

$304

12%

Months of Inventory

1.4

0.9

-36%

Current Inventory in Units

1,073

681

-37%

NORTH SEATTLE (AREA 710)

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

562

587

4%

Total Dollar Volume

$331,165,000

$395,580,000

20%

Average Sale Price

$589,300

$674

14%

Average Days on Market

26

21

-19%

Sold / List Price %

102.4%

105%

2%

Average Price Per Square Foot

$277

$324

17%

Months of Inventory

0.9

0.8

-11%

Current Inventory in Units

109

91

-17%

QUEEN ANNE, MAGNOLIA (700)

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

316

348

10%

Total Dollar Volume

$264,035,000

$314,893,000

19%

Average Sale Price

$835,600

$905

8%

Average Days on Market

40

34

-15%

Sold / List Price %

99.9%

101.9%

2%

Average Price Per Square Foot

$342

$373

9%

Months of Inventory

1.5

1.1

-27%

Current Inventory in Units

90

72

-20%

[6]

SEATTLE Sold for $2.15 Million on 3/23/2015

SEATTLE Sold for $3.2 Million on 6/13/2015

QUEEN ANNE Sold for $5.1 Million on 6/3/2015

CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

SEATTLE REPORT SINGLE FAMILY HOMES CENTRAL SEATTLE (AREA 390) YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

400

437

9%

Total Dollar Volume

$337,900,000

$383,437,000

14%

Average Sale Price

$844,800

$877,400

4%

Average Days on Market

43

29

-33%

Sold / List Price %

99.8%

101.4%

2%

Average Price Per Square Foot

$352

$394

12%

Months of Inventory

1.8

1.2

-33%

Current Inventory in Units

161

99

-39%

SOUTHEAST SEATTLE (AREA 380) YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

330

367

11%

Total Dollar Volume

$151,241,000

$188,906,000

25%

Average Sale Price

$458,300

$514,700

12%

Average Days on Market

43

36

-16%

Sold / List Price %

100.3%

102.3%

2%

Average Price Per Square Foot

$222

$253

14%

Months of Inventory

2

1.1

-45%

Current Inventory in Units

127

71

-44%

WEST SEATTLE (AREA 140)

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

760

858

13%

Total Dollar Volume

$336,194,000

$421,109,000

25%

Average Sale Price

$442,400

$490,800

11%

Average Days on Market

41

30

-27%

Sold / List Price %

100.5%

102%

1.5%

Average Price Per Square Foot

$238

$262

9.9%

Months of Inventory

1.5

0.9

-40%

Current Inventory in Units

239

133

-44%

WEST SEATTLE Sold for $2.79 Million on 2/27/2015

BALLARD Sold for $2.94 Million on 3/19/2015

SEATTLE Sold for $5.2 Million on 5.1.15 6/3/2015 CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

[7]

SEATTLE NEIGHBORHOOD REPORTS SINGLE FAMILY HOMES

BROADMOOR

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

5

13

160%

Total Dollar Volume

$14,769,000

$27,979,000

89%

Average Sale Price

$2,953,800

$2,152,200

-27%

Average Days on Market

4

3

-25%

Sold / List Price %

94.2%

99.1%

5%

Average Price Per Square Foot

$530

$517

-2%

Months of Inventory

4.8

1.6

-67%

Current Inventory in Units

431

34

-92%

DENNY BLAINE

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

7

4

-43%

Total Dollar Volume

$18,021,000

$4,243,000

-77%

Average Sale Price

$2,574,400

$1,060,800

-58%

Average Days on Market

4

3

-25%

Sold / List Price %

96.9%

96.5%

-0.4%

Average Price Per Square Foot

$465

$343

-26%

Months of Inventory

5.4

5.8

7%

Current Inventory in Units

120

105

-13%

LAURELHURST

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

33

31

-6%

Total Dollar Volume

$41,011,000

$48,217,000

18%

Average Sale Price

$1,242,800

$1,555,400

25%

Average Days on Market

11

9

-18%

Sold / List Price %

100.8%

101.8%

1%

Average Price Per Square Foot

$388

$491

26%

Months of Inventory

1.3

1.6

23%

Current Inventory in Units

18

24

33%

[8]

BROADMOOR Sold for $2.2 Million on 3/16/2015

DENNY BLAINE Sold for $1.875 Million on 1/22/2015

LAURELHURST Sold for $3.65 Million on 4/24/2015

CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

SEATTLE NEIGHBORHOOD REPORTS SINGLE FAMILY HOMES MADISON VALLEY

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

36

40

11%

Total Dollar Volume

$20,046,000

$24,481,000

22%

Average Sale Price

$556,800

$612,000

10%

Average Days on Market

10

4

-60%

Sold / List Price %

101.9%

101.3%

-0.6%

Average Price Per Square Foot

$326

$337

3%

Months of Inventory

0.8

0.7

-13%

Current Inventory in Units

18

29

61%

WINDERMERE

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

6

13

117%

Total Dollar Volume

$9,713,000

$19,784,000

104%

Average Sale Price

$1,618,800

$1,521,800

-6%

Average Days on Market

5

2

-60%

Sold / List Price %

101.1%

105%

4%

Average Price Per Square Foot

$411

$467

14%

Months of Inventory

3

2.8

-7%

Current Inventory in Units

29

18

-38%

WASHINGTON PARK

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

14

12

-14%

Total Dollar Volume

$19,996,000

$25,588,000

28%

Average Sale Price

$1,428,300

$2,132,300

49%

Average Days on Market

9

11

22%

Sold / List Price %

97.9%

100.6%

3%

Average Price Per Square Foot

$430

$561

30%

Months of Inventory

3.1

4.3

39%

Current Inventory in Units

70

43

-39%

MADISON VALLEY Sold for $906,000 on 4/6/2015

WASHINGTON PARK Sold for $1.59 Million on 4/16/2015

WINDERMERE Sold for $2.5 Million on 5/8/2015 CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

[9]

POINTS NEIGHBORHOOD REPORTS SINGLE FAMILY HOMES MEDINA

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

26

29

11%

Total Dollar Volume

$65,483,000

$69,380,000

6%

Average Sale Price

$2,518,600

$2,392,400

-5%

Average Days on Market

76

42

-44.7%

Sold / List Price %

96.7%

98.6%

-2%

Average Price Per Square Foot

$682

$650

-5%

Months of Inventory

4.3

3.2

-26%

Current Inventory in Units

22

16

-27%

CLYDE HILL

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

21

27

29%

Total Dollar Volume

$36,887,000

$67,410,000

83%

Average Sale Price

$1,756,500

$2,496,700

42%

Average Days on Market

15

63

320%

Sold / List Price %

99%

98%

-0.9%

Average Price Per Square Foot

$464

540

16%

Months of Inventory

3.3

3.1

-6%

Current Inventory in Units

17

21

24%

YARROW POINT

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

12

10

-17%

Total Dollar Volume

$32,106,000

$25,556,000

-20%

Average Sale Price

$2,675,500

$2,555,600

-5%

Average Days on Market

93

77

-17%

Sold / List Price %

96.4%

97.2%

0.8%

Average Price Per Square Foot

$656

585

-11%

Months of Inventory

3.9

6.4

64%

Current Inventory in Units

12

12

0%

HUNTS POINT

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

4

7

75%

Total Dollar Volume

$20,559,000

$26,100,000

27%

Average Sale Price

$5,139,800

$3,728,600

-27%

Average Days on Market

193

195

1%

Sold / List Price %

87.2%

96.8%

11%

Average Price Per Square Foot

$1,128

$902

-20%

Months of Inventory

4.5

3.3

-27%

Current Inventory in Units

3

5

67%

YARROW POINT Sold for $3.34 Million on 4/2/2015

CLYDE HILL Sold for $5.2 Million on 6/19/2015

MEDINA Sold for $4.78 Million on 5/29/2015 [ 10 ]

CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

BELLEVUE REPORT SINGLE FAMILY HOMES

BELLEVUE

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

610

666

9%

Total Dollar Volume

$541,810,000

$658,755,000

22%

Average Sale Price

$888,200

$989,100

11%

Average Days on Market

34

30

-12%

Sold / List Price %

100.4%

100.30%

-0.1%

Average Price Per Square Foot

$315

350

11%

Months of Inventory

1.4

1.2

-14%

Current Inventory in Units

213

181

-15%

EAST BELLEVUE

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

330

353

7%

Total Dollar Volume

$225,166,000

$256,500,000

14%

Average Sale Price

$682,300

$726,600

6%

Average Days on Market

26

24

-8%

Sold / List Price %

101.6%

101.4%

-0.2%

Average Price Per Square Foot

$284

$313

10%

Months of Inventory

1

1

0%

Current Inventory in Units

88

79

-10%

WEST BELLEVUE

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

181

186

3%

Total Dollar Volume

$319,453,000

$337,010,000

18%

Average Sale Price

$1,764,900

$2,026,900

15%

Average Days on Market

51

52

2%

Sold / List Price %

97.3%

98%

0.7%

Average Price Per Square Foot

$523

$548

5%

Months of Inventory

2.6

2.9

12%

Current Inventory in Units

107

108

0.9%

BELLEVUE Sold for $5.5 Million on 1/2/2015

NEWPORT SHORES Sold for $3.8 Million on 2/3/2015

SKAGIT KEY Sold for $5.070 Million on 5/24/2015 CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

[ 11 ]

520 CORRIDOR REPORT SINGLE FAMILY HOMES

WOODINVILLE Sold for $1.92 Million on 2/11/2015 KIRKLAND

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

488

554

14%

Total Dollar Volume

$339,871,000

$418,033,000

23%

Average Sale Price

$696,500

$754,600

8%

Average Days on Market

46

35

-24%

Sold / List Price %

99.3%

100.2%

0.9%

Average Price Per Square Foot

$290

$320

10%

Months of Inventory

2

1.5

-25%

Current Inventory in Units

217

180

-17%

REDMOND

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

483

557

15%

Total Dollar Volume

$316,090,000

$374,488,000

18%

Average Sale Price

$654,400

$672,300

2.7%

Average Days on Market

42

39

-7%

Sold / List Price %

100.10%

100.5%

0.4%

Average Price Per Square Foot

$256

$266

3.8%

Months of Inventory

2.2

1.4

-36%

Current Inventory in Units

232

159

-31%

WOODINVILLE

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

238

295

24%

Total Dollar Volume

$145,327,000

$192,662,000

33%

Average Sale Price

$610,600

$653,100

7%

Average Days on Market

48

44

-8%

Sold / List Price %

99.20%

99.7%

0.5%

Average Price Per Square Foot

$223

$238

7%

Months of Inventory

1.8

1.5

-17%

Current Inventory in Units

96

96

0%

[ 12 ]

KIRKLAND Sold for $3.087 Million on 6/2/2015

REDMOND Sold for $1.8 Million on 3/31/2015

CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

I-90 CORRIDOR REPORT SINGLE FAMILY HOMES MERCER ISLAND

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

181

159

-12%

Total Dollar Volume

$256,122,000

$249,262,000

-3%

Average Sale Price

$1,415,000

$1,567,700

11%

Average Days on Market

75

53

-29%

Sold / List Price %

97.60%

97.5%

-0.1%

Average Price Per Square Foot

$416

$446

7%

Months of Inventory

2.6

2

-23%

Current Inventory in Units

97

66

-32%

ISSAQUAH

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

358

395

10.3%

Total Dollar Volume

$223,891,000

$257,313,000

14.9%

Average Sale Price

$625,400

$651,400

5.7%

Average Days on Market

35

37

0.1%

Sold / List Price %

100.5%

100.6%

9.6%

Average Price Per Square Foot

$238

$261

4.2%

Months of Inventory

1.5

1.2

-20%

Current Inventory in Units

150

101

-33%

SAMMAMISH

YTD Q2 2014

YTD Q2 2015

%CHANGE

Number of Sales

448

473

6%

Total Dollar Volume

$336,135,000

$374,001,000

11%

Average Sale Price

$750,300

$790,700

5%

Average Days on Market

40

46

15%

Sold / List Price %

100.2%

100%

-0.2%

Average Price Per Square Foot

$248

$261

5%

Months of Inventory

1.8

1.4

-22%

Current Inventory in Units

190

145

-24%

ISSAQUAH Sold for $2.7 Million on 2/5/2015

SAMMAMISH Sold for $1.898 Million on 4/6/2015

MERCER ISLAND Sold for $3 Million on 2/12/2015 CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

[ 13 ]

SIGNIFICANT SALES FROM MY GLOBAL NETWORK

CALIFORNIA Sold for $15.2 Million

COLORADO Sold for $17.5 Million

TURKS AND CAICOS Sold for $23 Million

MICHIGAN Sold for $13 Million

NEW YORK Sold for $55 Million

[ 14 ]

ENGLAND, UK Sold for $15 Million

HONG KONG Sold for $58 Million

CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

FLORIDA Sold for $19 Million

ACTIVE LISTINGS

BY CINDY PAUR

PE ND IN G

WEST BELLEVUE Offered for $1.899 Million

ISSAQUAH Sold for $2.7 Million on 2/5/2015

JU ST LI ST ED

SOUTH SOUND Offered for $1.095 Million

AC TI VE

MOUNT BAKER Offered for $1.4 Million CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM

[ 15 ]

IMAGINE

LOCAL KNOWLEDGE GLOBAL MARKETING EXCEPTIONAL SERVICE

CINDY PAUR

CINDY.PAUR@SOTHEBYSREALTY.COM