West Bellevue Market Review
Q3
Real estate statistics for the third quarter of 2016
2016 Q3 OV ER V I E W
T
he exclusive communities in West Bellevue are highly prized by both local and foreign buyers, and demand consistently outstrips supply. Inventory continues to be at low levels. Home prices in West Bellevue remain very strong, however, there are signs that prices may be rising more slowly than they did in the first half of the year.
• Homes continue to sell quickly with more than half the homes sold in the third quarter selling in three weeks or less. • While still low, inventory has increased to just over a two month supply of homes. Three to six months of supply is considered to be balanced. • For the year ended September 30, 2016, the median price for homes sold in West Bellevue was $1,825,000. That represents a 7 percent increase over the previous 12 month period. The most expensive home sold in the third quarter of 2016 was a $7.0 million waterfront estate on Hunts Point.
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[ Cover photo: listing #948610 on page 6 ]
West Bellevue Area (NWMLS Area 520).............................................. 4 • City of Bellevue and West of I-405..................................................... 6 • Clyde Hill................................................................................................................ 8 • Medina...................................................................................................................10 • Yarrow Point......................................................................................................12 Market Share..........................................................................................................14 Windermere Foundation..............................................................................15 Local Expertise, Global Connections..................................................16
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West Bellevue Area (NWMLS Area 520)
High Price Listing
Meydenbauer 9033 Lake Washington Blvd NE
$6,200,000 4 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 School District: Bellevue
Medium Price Listing
Enatai 10637 Woodhaven Lane
$2,499,950 5 Bed / 4.25 Bath / 4,635 SQFT MLS #: 1023535 Lot Size: 9,526 SQFT Year Built: 2014 Style: 2 Story Views: None School District: Bellevue
Low Price Listing
Bellevue 1776 Bellevue Way NE 15
$1,500,000 2 Bed / 2.5 Bath / 2,322 SQFT MLS #: 1038991 Lot Size: 9.45 acres Year Built: 1987 Style: 1 Story Views: Territorial
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School District: Bellevue
2016 Q3 $1,825,000
Median Closed Sales Price > for year ended SEPTEMBER 30th
$1,700,000
$1,426,500
$1,390,000 $1,255,950
$1,225,000
$985,000
$1,000,000
$950,000 $870,000
2007
2008
2009
2010
2011
2012
2013
2014
Number of Units Sold > for year ended SEPTEMBER 30th 377 341
2007
210
214
2008
2009
2010
349
2011
2015
404
361
357
2012
2013
2016
417
370
2014
2015
2016
All figures are based on single family home sales, which include townhomes and exclude condos. 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.
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City of Bellevue and West of I-405
High Price Listing
Meydenbauer 719 96th Ave SE
$13,800,000 5 Bed / 5.75 Bath / 14,140 SQFT MLS #: 948610 Lot Size: 2.5 acres Year Built: 2003 Style: 2 Stories with Basement Views: Mountain, Lake, City
Medium Price Listing
Bellevue 500 96th Ave NE
$2,088,000 3 Bed / 2.75 Bath / 3,310 SQFT MLS #: 1023641 Lot Size: 10,020 sqft Year Built: 1974 Style: 1 Story with Basement Views: Mountain, Lake
Low Price Listing
Clyde Hill Area 9920 NE 34th Street
$1,045,000 3 Bed / 2.5 Bath / 2,210 SQFT MLS #: 1038749 Lot Size: 0.35 acres Year Built: 1978 Style: 2 Stories with Basement Views: Territorial, Mountain, Lake
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2016 Q3
Median Closed Sales Price > for year ended SEPTEMBER 30th $1,620,000 $1,445,000
$1,150,000 $1,050,000
$1,000,000
$944,000
$875,000 $792,500
$785,000 $680,000
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Number of Units Sold > for year ended SEPTEMBER 30th 255
245
2007
144
141
2008
2009
216
222
2010
2011
237
230
241
212
2012
2013
2014
2015
2016
All figures are based on single family home sales, which include townhomes and exclude condos. 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.
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Clyde Hill
High Price Listing
Clyde Hill 9404 NE 20th Street
$6,588,000 5 Bed / 5.75 Bath / 6,516 SQFT MLS #: 964125 Lot Size: 0.33 acres Year Built: 2016 Style: 2 Story Views: Mountain, Lake, City
Medium Price Listing
Clyde Hill 9723 NE 13th Street
$3,478,000 5 Bed / 4.75 Bath / 5,545 SQFT MLS #: 1037173 Lot Size: 0.29 acres Year Built: 2014 Style: 2 Story Views: Mountain, City
Low Price Listing
Clyde Hill 9200 NE 28th Place
$1,948,000 4 Bed / 2.25 Bath / 2,410 SQFT MLS #: 1038515 Lot Size: 0.52 acres Year Built: 1973 Style: 2 Story Views: None
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2016 Q3
Median Closed Sales Price > for year ended SEPTEMBER 30th $2,127,500 $1,907,500
$1,880,000 $1,749,000
$1,687,500 $1,463,750
$1,445,000
$1,125,000
2007
2008
2009
2010
$1,500,000
$1,225,000
2011
2012
2013
2014
2015
2016
Number of Units Sold > for year ended SEPTEMBER 30th 70 61 57
55
56 49
49 42 30 22
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
All figures are based on single family home sales, which include townhomes and exclude condos. 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.
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Medina
High Price Listing
Medina 2038 79th Ave NE
$7,198,800 5 Bed / 6.0 Bath / 7,768 SQFT MLS #: 1012437 Lot Size: 0.76 acres Year Built: 2016 Style: 1 Story with Basement Views: Territorial, Golf Course
Medium Price Listing
Medina 925 80th Avenue NE
$3,295,000 5 Bed / 4.25 Bath / 5,750 SQFT MLS #: 952873 Lot Size: 0.34 acres Year Built: 2003 Style: 1 Story with Basement Views: Territorial
Low Price Listing
Medina 3223 Evergreen Point Rd
$2,795,000 4 Bed / 2.5 Bath / 4,690 SQFT MLS #: 1027212 Lot Size: 0.46 acres Year Built: 1964 Style: 1 Story with Basement Views: Mountain, Lake, City
2016 Q3
Median Closed Sales Price > for year ended SEPTEMBER 30th $2,167,301 $1,950,000
$1,925,000
$1,431,500 $1,297,500
2007
$2,102,500
2008
2009
$1,351,000 $1,340,000
2010
2011
$1,450,000
$1,501,000
2012
2013
2014
2015
2016
Number of Units Sold > for year ended SEPTEMBER 30th
53
52
55
57
55
58
60
35 28
2007
2008
30
2009
2010
2011
2012
2013
2014
2015
2016
All figures are based on single family home sales, which include townhomes and exclude condos. 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.
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Yarrow Point
High Price Listing
Yarrow Point 3833 94th Avenue NE
$7,500,000 4 Bed / 5.25 Bath / 10,190 SQFT MLS #: 1030188 Lot Size: 0.32 acres Year Built: 2012 Style: 2 Stories with Basement Views: Mountain, Lake, City, Bay
Medium Price Listing
Yarrow Point 3835 95th Ave NE
$2,988,000 4 Bed / 3.5 Bath / 4,890 SQFT MLS #: 904059 Lot Size: 0.49 acres Year Built: 1996 Style: 2 Story Views: None
Low Price Listing
Yarrow Point 9040 Points Dr NE
$2,000,000 4 Bed / 2.5 Bath / 4,330 SQFT Lot Size: 0.67 acres Year Built: 1956 Style: Tri-Level Views: Territorial, City
2016 Q3
Median Closed Sales Price > for year ended SEPTEMBER 30th $2,999,000 $2,800,000
$2,112,500
$1,500,000 $1,205,000
2007
$1,725,000
$1,600,000
2008
2009
$1,576,000
$1,466,025
$1,140,000
2010
2011
2012
2013
2014
2015
2016
Number of Units Sold > for year ended SEPTEMBER 30th 25
20
19
21
20
20
2014
2015
18
12
12 9
2007
2008
2009
2010
2011
2012
2013
2016
All figures are based on single family home sales, which include townhomes and exclude condos. 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.
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Market Share by Company 2015
Bellevue > WEST OF I-405 > by number of transactions
39%
Windermere
26% 16%
Coldwell Banker
10% 10% 9%
John L. Scott 6% 7%
RE/MAX 4% 4%
Sotheby’s International Realty Keller Williams Skyline
3% 5% 2% 7%
NWG Real Estate
2% 1%
Redfin
1% 2%
Companies not shown have less than 1% market share in buyers or sellers or both.
5%
10%
15%
20%
25%
30%
35%
40%
Representing Sellers Representing Buyers
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 area 520.
2015 Donation Grantees List Eastside Windermere Foundation
A Brighter Future Because of You! 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.
Acres of Diamonds Provides homeless women and children a safe haven and academic, relational and emotional mentoring.
Eastside Academy Pays for food expenses for homeless and poverty-level students while they attend this alternative school.
Assistance League of the Eastside Operation Scholl Bell provides new BackTo-School clothing for disadvantaged students on the Eastside.
Eastside Baby Corner Distributes basic need items for infants and children.
Attain Housing Transitioning homeless families with children into stable, permanent housing. Backpack Meals Provides 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 Dreams Provides Birthday-In-A-Box to homeless children. Boys & Girls Club of Bellevue Funds going to Project Learn — serving kids from 3 East Bellevue lowincome housing developments.
Kindering Provides 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 Hands The House of Hope program supports three shelters for homeless women and children in crisis. Royal Family Kids Camp Provides summer camp experiences for abused foster children. Valley Renewal Provides food, shelter and supplies to those in need in the Snoqualmie Valley.
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®
OVER 500 FIRMS n 3,500 OFFICES n 120,000 ASSOC OVER ONE MILLION TRANSACTIONS n $314 BILLI
® ®
OVER 500 FIRMS n 3,500 OFFICES n 120,000 ASSOCIATES n NEARLY 50 COUNTRIES OVER ONE MILLION TRANSACTIONS n $314 BILLION IN ANNUAL HOME SALES
WORC 05/14 #14146-4
® ®
Tammy Wright
OVER 500 FIRMS n 3,500 OFFICES n 120,000 ASSOCIATES n NEARLY 50 COUNTRIES OVER ONE MILLION TRANSACTIONS n $314 BILLION IN ANNUAL HOME SALES
Broker
WORC 05/14 #14146-4
(425) 830-3026 mobile tammywright@windermere.com tammywright.withwre.com
windermere.com