Luxury Residential Report by Susan Chace

Q1 2015 MARKET REPORT

LUXURY RESIDENTIAL REPORT FOCUSING ON $1 MILLION & ABOVE IN KING COUNTY

SUSAN CHACE susan@brazensir.com 206.697.5339

SUSAN CHACE, CNE, CIPS GLOBAL REAL ESTATE SPECIALIST

SPECIALIZING IN THE LUXURY REAL ESTATE MARKET TO FIND YOU THE BEST PROPERTIES BOTH HERE AND ABROAD.

Estate Sales: With utmost confidentiality and supervision, I oversee the many nuances of selling a home. I take into consideration every time-consuming detail in order to effectively market your home and showcasing it in all its glory. Estate Acquisitions: What is your “Why?” Purchasing a home is more than the number of bedrooms or a particular zip code. With my comprehensive intake process, I take the time to understand your unique lifestyle, needs, and wishes to help you find your perfect dream home. Susan@Brazensir.com 206.697.5339

ALL DATA AS IS FOR SINGLE FAMILY HOMES (SFH) OVER $1MILLION IN ALL OF KING COUNTY UNLESS SPECIFIED WATERFRONT 2015 NUMBER OF WATERFRONT HOMES SOLD

106

Q1 2015

Q1 2014 SINGLE FAMILY HOMES, AVERAGE DAYS ON MARKET

120

WATERFRONT AVERAGE PRICE PER SQUARE FOOT

$565.60

$621.90

SINGLE FAMILY HOMES, AVERAGE DAYS ON MARKET

$4,429,000 $2,990,000

$2,500,000

410 AVERAGE COST PER SQUARE FOOT SINGLE FAMILY HOMES

$6,145,000

MOST EXPENSIVE CONDO SOLD IN FIRST QUARTER

Q1 2015 WATERFRONT AVERAGE ACTIVE PRICE

NUMBER OF SINGLE FAMILY HOMES SOLD

295

NUMBER OF SINGLE FAMILY HOMES SOLD

342 V

MOST EXPENSIVE HOME SOLD IN 1ST QUARTER

WATERFRONT REPORT SINGLE FAMILY HOMES, $1 MILLION+

WEST BELLEVUE Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units EAST BELLEVUE Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

YTD Q1 2014

YTD Q1 2015

% CHANGE

9 $38,034,000 $4,226,000 $3,600,000 183 90.2% $871 12

4 $16,825,000 $4,206,300 $4,350,000 117 94.1% $884 12

-55.6% -55.8% -0.5% 20.8% -36.1% 4.3% 1.5% 0%

8 $11,696,000 $1,462,000 $1,263,000 97 94.1% $469 4

3 $6,900,000 $2,300,000 $2,000,000 75 84.4% $753 4

-62.5% -41.0% 57.3% 58.4% -22.7% -10.3% 60.3% 0.0%

Newport Shores $5,488,000 Pending March 26, 2015

Hunts Point $9,950,000 Pending February 19, 2015

Sammamish $1,898,000 Sold April 3, 2015

MARKET REPORT

2015 | BRAZENSIR.COM Based on Information from the Northwest Multiple Listing Service. Compiled by Brazen Sotheby’s International Realty. Northwest Multiple Listing Service does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires BSIR’s written consent. Copyright 2015 Brazen Sotheby’s International Realty.

WATERFRONT REPORT

SINGLE FAMILY HOMES, $1 MILLION+

YTD Q1 2014

YTD Q1 2015

% CHANGE

11 $16,708,000 $1,518,900 $1,330,000 159 94.7% $441 20

7 $14,185,000 $2,026,400 $2,390,000 129 96.0% $666 21

-36.4% -15.1% 33.4% 79.7% -18.9% 1.4% 50.9% 5.0%

KIRKLAND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

3 $5,598,000 $1,866,000 $1,970,000 76 90.4% $671 10

4 $7,090,000 $1,772,500 $1,720,000 75 98.4% $467 5

33.3% 26.7% -5.0% -12.7% -1.3% 8.8% -30.3% -50.0%

MERCER ISLAND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

9 $21,440,000 $2,382,000 $1,785,000 124 96.1% $563 24

5 $13,540,000 $2,708,000 $1,955,000 194 89.4% $768 19

-44.4% -36.8% 13.7% 9.5% 56.5% -7.0% 36.4% 20.8%

SEATTLE Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

Eastlake $1,000,000 Sold February 27, 2015

Mercer Island

MARKET REPORT

$5,450,000 Sold February 2, 2015

BELLEVUE REPORT SINGLE FAMILY HOMES, $1 MILLION+

YTD Q1 2014

YTD Q1 2015

% CHANGE

53 $105,804,000 $1,996,300 $1,600,000 65 95.3% $551 58

62 $130,847,000 $2,110,400 $1,898,000 42 97.8% $559 75

-17.0% -23.7% 5.7% 18.6% -35.4% 2.6% 1.4% 29.3%

12 $16,378,000 $1,364,000 $1,248,000 91 96.5% $406 12

12 $16,764,000 $1,397,000 $1,102,000 93 89.0% $466 4

0.0% 2.4% 2.4% -11.7% 2.2% -7.8% 14.7% -8.3%

East Bellevue $1,800,000 Sold March 16, 2015

West Bellevue $2,200,000 Sold January 29, 2015

West Bellevue $2,750,000 Sold January 30, 2015

MARKET REPORT

POINTS REPORT

SINGLE FAMILY HOMES, $1 MILLION+

YTD Q1 2014

YTD Q1 2015

% CHANGE

13 $23,660,000 $1,820,000 $1,420,000 80 96.4% $567 16

10 $22,072,000 $2,207,200 $1,927,000 35 97.9% $593 17

-23.1% -6.7% 21.3% 35.7% -56.3% 1.6% 4.7% 6.3%

CLYDE HILL Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

9 $14,239,000 $1,582,100 $1,655,000 6 100.1% $477 6

9 $21,708,000 $2,412,000 $2,328,000 57 98.9% $571 17

0.0% 52.5% 52.5% 40.7% 850.0% -1.2% 19.8% 183.3%

YARROW POINT Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

3 $9,354,000 $3,118,000 $1,500,000 104 98.2% $818 6

5 $13,682,000 $2,726,400 $1,700,000 71 95.5% $665 12

* * * * * * * *

HUNTS POINT Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

2 $12,700,000 $6,350,000 $6,350,000 104 87.7% $1,126 3

3 $5,890,000 $1,963,000 $1,790,000 25 98.0% $596 3

50.0% -53.6% -69.1% -71.8% -76.0% 11.7% -47.0% 0.0%

MEDINA Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

Yarrow Point $6,145,000 Sold March 30, 2015

Clyde Hill $2,500,000 Sold March 30, 2015

Medina $3,350,000 Sold March 26, 2015

MARKET REPORT

SEATTLE REPORT SINGLE FAMILY HOMES, $1 MILLION+

YTD Q1 2014

YTD Q1 2015

% CHANGE

13 $16,148,000 $1,242,200 $1,225,000 88 96.7% $359 17

9 $12,411,000 $1,379,000 $1,218,000 106 97.6% $400 11

-30.77% -23.14% 11.01% -.57% 20.45% 0.93% 11.53% -35.29%

SOUTHEAST SEATTLE (AREA 380) Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

4 $6,033,000 $1,508,300 $1,240,000 181 98.2% $298 8

4 $8,481,000 $2,120,300 $2,247,000 179 96.0% $511 11

0.00% 40.58% 40.58% 81.21% -1.10% -2.24% 71.52% 37.50%

CENTRAL SEATTLE (AREA 390) Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

31 $40,341,000 $1,921,000 $1,605,000 125 95.6% $395 45

37 $56,915,000 $1,538,020 $1,400,000 34 102.1% $444 36

19.4% 41.1% -19.9% -12.8% -72.8% 6.8% 12.5% -20.0%

WEST SEATTLE (AREA 140) Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

Leschi $1,900,000 Sold February 27, 2015

MARKET REPORT

Puget Sound $2,795,000 Sold February 27, 2015

Madison Park $2,836,100 Sold February 27, 2015

SEATTLE REPORT SINGLE FAMILY HOMES, $1 MILLION+

NORTH SEATTLE (AREA 710) Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units QUEEN ANNE / MAGNOLIA (AREA 700) Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

YTD Q1 2014

YTD Q1 2015

% CHANGE

13 $19,263,000 $1,481,800 $1,375,000 25 99.5% $377 17

17 $24,644,000 $1,449,600 $1,285,000 45 99.2% $411 31

30.8% 27.9% -2.2% -6.5% 80% -0.3% 9.0% 82.4%

22 $34,652,000 $1,575,100 $1,340,000 84 99.0% $394 36

24 $32,057,000 $1,335,700 $1,202,000 72 99.6% $367 37

9.1% -7.5% -15.2% -10.3% -14.3% 0.6% -7.1% 2.8%

Queen Anne $2,630,000 Sold January 2, 2015

Broadmoor $4,500,000 Pending March 10, 2015

MARKET REPORT

520 CORRIDOR REPORT SINGLE FAMILY HOMES, $1 MILLION+

KIRKLAND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units REDMOND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

YTD Q1 2014

YTD Q1 2015

% CHANGE

23 $37,072,000 $1,611,800 $1,375,000 65 95.7% $408 58

39 $57,335,000 $1,470,100 $1,365,000 45 100% $402 44

69.6% 54.7% -8.8% -0.7% -30.8% 4.5% -1.5% -24.1%

8 $9,935,000 $1,241,900 $1,232,000 87 98.8% $341 32

9 $10,660,000 $1,184,400 $1,093,000 39 98.1% $266 23

12.5% 7.3% -4.6% -11.3% -55.2% -0.7% -22.0% -28.1%

Redmond $1,295,000 Sold March 16, 2015

Redmond $1,385,000 Pending April 10, 2015

Kirkland $2,350,000 Sold February 26, 2015

MARKET REPORT

I-90 CORRIDOR REPORT SINGLE FAMILY HOMES, $1 MILLION+

MERCER ISLAND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units ISSAQUAH Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

Mercer Island $2,945,000 Pending April 7, 2015

MARKET REPORT

YTD Q1 2014

YTD Q1 2015

% CHANGE

36 $56,951,000 $1,582,200 $1,329,000 100 96.8% $410 58

29 $49,116,000 $1,693,700 $1,520,000 69 95.9% $460 48

-19.4% -13.8% 7.1% 14.4% -31.0% -0.9% 12.2% -17.2%

9 $13,205,000 $1,467,200 $1,163,000 95 95.5% $313 13

9 $13,261,000 $1,473,400 $1,375,000 97 95.9% $317 11

0.0% 0.4% 0.4% 18.2% 2.1% 0.4% 1.2% -15.4%

Issaquah $1,800,000 Sold February 13, 2015

Mercer Island $2,100,000 Sold February 27, 2015

CONDO REPORT SINGLE FAMILY HOMES, $1 $1M+ MILLION+

YTD Q1 2014

YTD Q1 2015

% CHANGE

2 $4,090,000 $2,045,000 $2,045,000 4 101.2% $769 10

3 $4,424,000 $1,474,700 $1,298,000 77 97.5% $638 33

50.0% 8.2% -27.9% -36.5% 1825.0% -3.7% -17.1% 230.0%

0 $0 $0 $0 0 0.0% $0 10

1 $1,323,000 $1,323,000 $1,323,000 0 99.8% $571 33

* * * * * * * 230.0%

Meydenbauer Bay $1,298,000 Sold March 20, 2015

Harvard Estate $2,200,000 Pending April 6, 2015

Washington Square $805,000 Sold February 26, 2015

MARKET REPORT

CONDO REPORT

SINGLE FAMILY HOMES, $1 MILLION+

YTD Q1 2014

YTD Q1 2015

% CHANGE

26 $40,317,00 $1,550,700 $1,513,000 134 97.2% $783 51

14 $22,389,000 $1,599,200 $1,662,000 92 97.5% $687 59

-46.2% -44.5% 3.1% 9.8% -31.3% -31.3% -12.3% 15.7%

KIRKLAND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

5 $7,491,000 $1,498,200 $1,489,000 117 99.9% $609 11

3 $3,484,000 $1,161,300 $1,169,000 50 98.9% $440 12

40.0% -53.5% 7.9% -21.5% -57.3% -1.0% -27.8% 9.1%

MERCER ISLAND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

0 $0 $0 $0 0 0.0% $0 2

0 $0 $0 $0 0 0.0% $0 1

* * * * * * * -50.0%

SEATTLE Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

View Pointe $1,325,000 Sold March 27, 2015

Harvard & Highline $1,299,000 Pending April 7, 2015

Alki $1,925,000 Sold January 2, 2015

MARKET REPORT

WORLD WIDE SIG

BEYOND SEATTLE/BELLEVUE

#8 New York $25,000,000 USD

#1 Hong Kong $58,000,000 USD

TOP 10 SIGNIFICANT SALES WITHIN OUR SOTHEBY’S INTERNATIONAL FAMILY

LET US HELP YOU! #4 New York, USA $31,750,000 USD

#10 Turks and Caicos Island $23,000,000 USD

#2 New York, USA $56,000,000 USD

GNIFICANT SALES

E, BEYOND EXTRAORDINARY

#7 Connecticut, USA $27,500,000 USD

#6 Texas, USA Price Undisclosed #3 Bahamas $42,000,000 USD #5 Sydney, Austrailia $28,000,000 USD

#9 California, USA Price Undisclosed

There Truly Is A World Of Difference

When you list with Brazen Sothebyâ&#x20AC;&#x2122;s International Realty your home is showcased on these websites.