WAIT THERE’S MORE!
HOMES & STATS ONLINE
While having an historical perspective like this annual review is valuable, you may be looking for real-time information on today’s real estate market. If so, your search is over! We publish weekly reports to TheMarketTalks.com providing a summary analysis of what’s happening in 16 different micro-markets, including Mercer Island. Interested in what’s happening with waterfront properties? We are too! That’s why we analyze waterfront sales each month and post results at TheWaterfrontReport.com. Easily compare neighborhoods on LiveOnGuides.com with local info including maps, links and school data. You can search for every property listed for sale–by any real estate company–on WindermereMercerIsland.com.
FEBRUARY 2016 - THE MARKET TALKS
greater seattle-eastside
WINDERMERE
MERCER ISLAND
In everything we do we put our clients first. We enable them to make sound real estate decisions through professional representation, expert advice, and deep neighborhood and community knowledge. Our clients enjoy a friendly, personalized experience as we competently guide them through their real estate transaction to achieve their hopes, dreams and goals. Centrally located on Mercer Island, our team of talented Realtors® serves Seattle, Mercer Island, and greater Eastside. Our neighborhood and community engagement goes beyond being avid supporters of Island and regional organizations and events—we are active neighbors and volunteers who enjoy making a difference in our world.
Data prepared and analyzed by Windermere Real Estate/Mercer Island from NWMLS provided data. For questions or comments, email Julie Barrows at julie@windermere.com. ©2011-2016 Windermere Real Estate/Mercer Island
THEMARKETTALKS.COM
206.232.0446 | windermeremercerisland.com
West Seattle - 140
February 2016 Number of Homes for Sale 88
$468,000
Median Sale Price 1 Yr High
1 Yr High
$573,000
1 Yr Low
1 Yr Low
$434,000
3 Mo Avg
$511,333
3 Mo Avg
Feb 2016
$468,000
Feb 2016
$0
$200,000 $400,000 $600,000 $800,000
$100
$200
$300
$400
100%
102%
104%
3.98%
4.10%
3.90%
3 Mo Avg
29
Feb 2016
30
106%
0
3.80%
3.71%
20
40
60
3.66%
4.05% 3.91%
3.84%
3.77%
300
17
Average 30-Year Fixed Interest Rate 4.00%
200
39
1 Yr Low
101% 98%
100
1 Yr High
101%
Feb 2016
125
Average Days on Market 30
101%
3 Mo Avg
200
106
0
104%
1 Yr Low
150
85
Feb 2016
List Price to Sale Price Ratio 101% 1 Yr High
100
3 Mo Avg
$313 $0
50
201
1 Yr Low
$291
Feb 2016
88
1 Yr High
$257
3 Mo Avg
79
Number of Pending Sales 125
$313
1 Yr Low
68
0
Average Cost Per Square Foot $313 1 Yr High
154
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
Renton Highlands - 350
February 2016 Number of Homes for Sale 79
$455,000
Median Sale Price 1 Yr High
1 Yr High
$456,000
1 Yr Low
1 Yr Low
$375,000
3 Mo Avg
$200,000
$400,000
$600,000
Average Cost Per Square Foot $220 1 Yr High
Feb 2016
$220
$240
66
Feb 2016
101%
58
Feb 2016 102%
70
0
Average 30-Year Fixed Interest Rate 3.98%
4.10%
3.90% 3.80%
3.71%
20
40
60
80
366.00 %
4.05% 3.91%
3.84%
3.77%
150
27
3 Mo Avg
101% 100%
100
70
1 Yr Low
100%
4.00%
50
1 Yr High
99%
99%
63
Average Days on Market 70
101%
3 Mo Avg
200
45
0
List Price to Sale Price Ratio 101% 1 Yr High
150
126
Feb 2016
$220 $200
100
3 Mo Avg
$214
98%
50
1 Yr Low
3 Mo Avg
1 Yr Low
0
1 Yr High
$194
$180
79
Number of Pending Sales 66
$220
1 Yr Low
73
Feb 2016
$455,000 $0
62
3 Mo Avg
$443,667
Feb 2016
172
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
South Seattle - 380/385
Number of Homes for Sale 76
$500,000
Median Sale Price 1 Yr High
$502,000
1 Yr Low
$483,000
Feb 2016
$500,000 $0
$200,000
$400,000
1 Yr High
Feb 2016
3 Mo Avg
Feb 2016
$258
Feb 2016
$250
$260
$270
1 Yr High
62 85
102%
104%
3.98%
3.90%
19 32
Feb 2016 106%
34
0
3.80%
3.71%
20
40
60
3.66%
4.05% 3.91%
3.84%
3.77%
150
54
Average 30-Year Fixed Interest Rate 4.10%
100
3 Mo Avg
104%
4.00%
50
1 Yr Low
101%
100%
47
1 Yr High
100%
98%
150
Average Days on Market 34
104%
Feb 2016
100
137
0
List Price to Sale Price Ratio 104%
3 Mo Avg
50
1 Yr Low
$259
1 Yr Low
76 0
3 Mo Avg
$240
72
1 Yr High
$238
$230
62
Number of Pending Sales 85
$261
$220
123
3 Mo Avg
$600,000
Average Cost Per Square Foot $258
1 Yr Low
1 Yr High 1 Yr Low
$404,000
3 Mo Avg
February 2016
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
Central Seattle - 390
February 2016 Number of Homes for Sale 73
$766,000
Median Sale Price 1 Yr High
$776,000
1 Yr Low
1 Yr High 1 Yr Low
$660,000
3 Mo Avg Feb 2016
$600,000 $650,000 $700,000 $750,000 $800,000
$450
100%
18
3 Mo Avg
102%
48
Feb 2016
101% 98%
104%
41
0
Average 30-Year Fixed Interest Rate 3.98%
4.10% 4.00% 3.90% 3.80%
3.71%
20
40
60
80
3.66%
4.05% 3.91%
3.84%
3.77%
150
66
1 Yr Low
100%
96%
100
1 Yr High
99%
Feb 2016
50
Average Days on Market 41
103%
3 Mo Avg
78 0
List Price to Sale Price Ratio 101% 1 Yr High
59
Feb 2016
$431 $400
43
3 Mo Avg
$406
Feb 2016
150
110
1 Yr Low
3 Mo Avg
100
1 Yr High
$370
1 Yr Low
50
Number of Pending Sales 78
$431
$350
73 0
Average Cost Per Square Foot $431
$300
64
Feb 2016
$766,000
1 Yr High
48
3 Mo Avg
$742,000
1 Yr Low
128
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
East Side South - 500
February 2016 Number of Homes for Sale 64
$740,000
Median Sale Price 1 Yr High
1 Yr High
$752,000
1 Yr Low
$649,000
3 Mo Avg
$719,667
Feb 2016
$740,000
1 Yr Low
64
3 Mo Avg
66
Feb 2016
64
$550,000$600,000$650,000$700,000$750,000$800,000
0
Average Cost Per Square Foot $260 1 Yr High
$260
1 Yr Low
3 Mo Avg
$267
3 Mo Avg
Feb 2016
$260
Feb 2016
$200
$300
$400
69 88
Feb 2016
100%
3.98%
4.10%
3.90%
43
Feb 2016 102%
49
0
3.80%
3.71%
20
40
60
3.66%
4.05% 3.91%
3.84%
3.77%
150
17
Average 30-Year Fixed Interest Rate 4.00%
100
3 Mo Avg
100% 98%
50
49
1 Yr Low
99%
96%
57
1 Yr High
98%
3 Mo Avg
200
Average Days on Market 49
101%
1 Yr Low
150
141
0
List Price to Sale Price Ratio 100% 1 Yr High
100
1 Yr High
1 Yr Low
$100
50
Number of Pending Sales 88
$318
$0
155
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
Mercer Island - 510
February 2016 Number of Homes for Sale 25
$1,958,000
Median Sale Price 1 Yr High
$1,958,000
1 Yr Low
Feb 2016
$1,958,000 $1,000,000
$400
$800
95%
31
3 Mo Avg
100%
53
Feb 2016
98%
90%
105%
41
0
Average 30-Year Fixed Interest Rate 3.98%
4.10% 4.00% 3.90% 3.80%
3.71%
50
100
3.66%
4.05% 3.91%
3.84%
3.77%
60
81
1 Yr Low
97%
Feb 2016
40
1 Yr High
95%
3 Mo Avg
20
Average Days on Market 41
101%
1 Yr Low
18 0
List Price to Sale Price Ratio 98% 1 Yr High
13
Feb 2016
$600
80
9
3 Mo Avg
$461 $200
60
46
1 Yr Low
$536
$0
40
1 Yr High
$407
Feb 2016
20
Number of Pending Sales 18
$678
3 Mo Avg
25 0
Average Cost Per Square Foot $461
1 Yr Low
26
Feb 2016
$2,000,000
1 Yr High
25
3 Mo Avg
$1,410,333
$0
66
1 Yr Low
$1,062,000
3 Mo Avg
1 Yr High
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
West Bellevue - 520
February 2016 Number of Homes for Sale 68
$1,750,000
Median Sale Price 1 Yr High
1 Yr High
$1,929,000
1 Yr Low
1 Yr Low
$1,585,000
3 Mo Avg
$1,000,000
$2,000,000
$3,000,000
Average Cost Per Square Foot $618 1 Yr High
$554
Feb 2016 $200
$400
$600
24 25
96%
3.98%
3.90%
3 Mo Avg
100%
61 76
0
3.80%
3.71%
50
100
3.66%
4.05% 3.91%
3.84%
3.77%
60
26
Average 30-Year Fixed Interest Rate 4.10%
40
Feb 2016 98%
4.00%
20
83
1 Yr Low
96%
94%
3 Mo Avg
1 Yr High
97%
Feb 2016
23
Average Days on Market 76
96%
3 Mo Avg
150
51
0
99%
1 Yr Low
100
1 Yr Low
$800
List Price to Sale Price Ratio 96% 1 Yr High
50
Feb 2016
$618 $0
0
1 Yr High
$520
3 Mo Avg
68
Number of Pending Sales 25
$718
1 Yr Low
56
Feb 2016
$1,750,000 $0
50
3 Mo Avg
$1,687,333
Feb 2016
111
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
East Bellevue - 530
February 2016 Number of Homes for Sale 36
$705,000
Median Sale Price 1 Yr High
1 Yr High
$705,000
1 Yr Low
1 Yr Low
$555,000
3 Mo Avg
$676,667
Feb 2016
$705,000 $0
37
Feb 2016
36 0
Average Cost Per Square Foot $341
$350
List Price to Sale Price Ratio 1 Yr High
102%
14
3 Mo Avg
104%
29
Feb 2016
103% 100%
106%
32
0
Average 30-Year Fixed Interest Rate 3.98%
4.10% 4.00% 3.90% 3.80%
3.71%
10
20
30
40
3.66%
4.05% 3.91%
3.84%
3.77%
150
36
1 Yr Low
Feb 2016
100
1 Yr High
102%
98%
50
Average Days on Market 32
103%
101%
3 Mo Avg
57 0
104%
1 Yr Low
44
Feb 2016
$341 $300
36
3 Mo Avg
$319
$250
150
101
1 Yr Low
Feb 2016
100
1 Yr High
$285
3 Mo Avg
50
Number of Pending Sales 57
$341
1 Yr Low
31
3 Mo Avg
$200,000 $400,000 $600,000 $800,000
1 Yr High
102
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
East Lake Sammamish-540
Number of Homes for Sale 170
$715,000
Median Sale Price 1 Yr High
$715,000
1 Yr Low 3 Mo Avg
$690,667
Feb 2016
$715,000 $200,000
$400,000
$600,000
$260
$280
$300
1 Yr High
124 189
101%
3.98%
4.10%
3.90% 3.80%
3.71%
300
400
25 43
Feb 2016 102%
38
0
20
40
60
80
3.66%
4.05% 3.91%
3.84%
3.77%
200
71
Average 30-Year Fixed Interest Rate 4.00%
100
3 Mo Avg
101% 100%
400
63
1 Yr Low
100%
99%
300
1 Yr High
99%
Feb 2016
200
Average Days on Market 38
101%
98%
100
306
0
List Price to Sale Price Ratio 101%
3 Mo Avg
0
Feb 2016
$254
1 Yr Low
170
3 Mo Avg
$262
$240
Feb 2016
1 Yr Low
3 Mo Avg
$220
147
1 Yr High
$246
Feb 2016
134
Number of Pending Sales 189
$279
1 Yr Low
320
3 Mo Avg
$800,000
Average Cost Per Square Foot $254 1 Yr High
1 Yr High 1 Yr Low
$590,000
$0
February 2016
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
Redmond - 550
February 2016 Number of Homes for Sale 62
$660,000
Median Sale Price 1 Yr High
$739,000
1 Yr Low
$590,000
3 Mo Avg
$620,667
Feb 2016
$660,000 $0
1 Yr High
57
3 Mo Avg
59
Feb 2016
62 0
$260
$270
$280
101%
3 Mo Avg
Feb 2016
101%
Feb 2016
100%
102%
104%
30 54 46
0
Average 30-Year Fixed Interest Rate 3.98%
4.10% 4.00% 3.90% 3.80%
3.71%
20
40
60
80
3.66%
4.05% 3.91%
3.84%
3.77%
150
61
1 Yr Low
3 Mo Avg
98%
100
1 Yr High
99%
96%
50
Average Days on Market 46
102%
1 Yr Low
57 0
List Price to Sale Price Ratio 101% 1 Yr High
50
Feb 2016
$269 $250
200
45
3 Mo Avg
$265
Feb 2016
150
109
1 Yr Low
3 Mo Avg
100
1 Yr High
$249
$240
50
Number of Pending Sales 57
$270
1 Yr Low
148
1 Yr Low
$200,000 $400,000 $600,000 $800,000
Average Cost Per Square Foot $269
$230
1 Yr High
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
Kirkland-Bridle Trails - 560
Number of Homes for Sale 73
$1,000,000
Median Sale Price
$1,000,00 0
1 Yr High 1 Yr Low
1 Yr High
$1,000,00 0 $0
$500,000
$1,000,000
$1,500,000
$200
$600
1 Yr High
15
100%
43
Feb 2016
100% 98%
102%
44
0
Average 30-Year Fixed Interest Rate 3.98%
4.10% 4.00% 3.90% 3.80%
3.71%
20
40
60
3.66%
4.05% 3.91%
3.84%
3.77%
150
51
3 Mo Avg
98%
96%
100
1 Yr High 1 Yr Low
Feb 2016
50
Average Days on Market 44
97%
94%
73 0
101%
3 Mo Avg
58
Feb 2016
List Price to Sale Price Ratio 100%
1 Yr Low
41
3 Mo Avg
$400
150
101
1 Yr Low
$346 $0
100
1 Yr High
$374
Feb 2016
50
Number of Pending Sales 73
$331
3 Mo Avg
73 0
$404
1 Yr Low
69
Feb 2016
Average Cost Per Square Foot $346 1 Yr High
64
3 Mo Avg
$896,000
Feb 2016
136
1 Yr Low
$730,000
3 Mo Avg
February 2016
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
Juanita-Woodinville - 600
Number of Homes for Sale 152
$620,000
Median Sale Price 1 Yr High
1 Yr High
$620,000
1 Yr Low
$508,000
3 Mo Avg
$561,333
Feb 2016
$620,000 $0
February 2016
1 Yr Low
147
3 Mo Avg
149
Feb 2016
152
$200,000 $400,000 $600,000 $800,000
0
$260
Average Cost Per Square Foot 1 Yr High
3 Mo Avg Feb 2016
$260
$270
List Price to Sale Price Ratio 101% 1 Yr High
Feb 2016 100%
101%
3.98%
4.10%
3.90% 3.80%
3.71%
300
30 57
Feb 2016 102%
60
0
20
40
60
80
3.66%
4.05% 3.91%
3.84%
3.77%
200
60
Average 30-Year Fixed Interest Rate 4.00%
100
3 Mo Avg
101% 99%
0
1 Yr Low
100%
98%
135
1 Yr High
99%
3 Mo Avg
116
Average Days on Market 60
101%
1 Yr Low
400
79
Feb 2016
$260 $250
300
220
3 Mo Avg
$251
$240
200
Number of Pending Sales 135
1 Yr Low
$241
$230
100
1 Yr High
$260
1 Yr Low
311
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
Queen Anne-Magnolia -700
Number of Homes for Sale 51
$800,000
Median Sale Price 1 Yr High
$921,000
1 Yr Low
$837,000
Feb 2016
$800,000 $0
$500,000
1 Yr High
$450
46
1 Yr Low
3 Mo Avg
101%
3 Mo Avg
Feb 2016
101%
Feb 2016
3.98%
4.10%
3.90%
104%
14 33 50
0
3.80%
3.71%
20
40
60
3.66%
4.05% 3.91%
3.84%
3.77%
100
50
Average 30-Year Fixed Interest Rate 4.00%
50
1 Yr High
101%
103%
39
Average Days on Market 50
1 Yr Low
102%
30
0
103%
101%
100
95
Feb 2016
List Price to Sale Price Ratio 101%
100%
50
3 Mo Avg
$400
1 Yr High
51
1 Yr Low
$398 $350
Feb 2016
1 Yr High
$395
$300
50
Number of Pending Sales 46
$345
Feb 2016
42
0
$409
3 Mo Avg
81
3 Mo Avg
$1,000,000
Average Cost Per Square Foot $398
1 Yr Low
1 Yr High 1 Yr Low
$655,000
3 Mo Avg
February 2016
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
Ballard-Greenlake - 705
Number of Homes for Sale 86
$667,000
Median Sale Price 1 Yr High
1 Yr High
$667,000
1 Yr Low
$200,000 $400,000 $600,000 $800,000
$340
$360
$380
104%
21
Feb 2016
105% 102%
10
3 Mo Avg
103%
100%
106%
18
0
Average 30-Year Fixed Interest Rate 3.98%
4.10% 4.00% 3.90% 3.80%
3.71%
10
20
30
3.66%
4.05% 3.91%
3.84%
3.77%
300
26
1 Yr Low
Feb 2016
200
1 Yr High
102%
3 Mo Avg
100
Average Days on Market 18
105%
1 Yr Low
144 0
List Price to Sale Price Ratio 105% 1 Yr High
101
Feb 2016
$373 $320
76
3 Mo Avg
$348
$300
150
239
1 Yr Low
Feb 2016
100
1 Yr High
$326
3 Mo Avg
50
Number of Pending Sales 144
$373
1 Yr Low
86 0
Average Cost Per Square Foot $373 1 Yr High
75
Feb 2016
$667,000 $0
49
3 Mo Avg
$630,667
Feb 2016
133
1 Yr Low
$540,000
3 Mo Avg
February 2016
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
North Seattle - 710
February 2016 Number of Homes for Sale 63
$680,000
Median Sale Price 1 Yr High
1 Yr High
$680,000
1 Yr Low
1 Yr Low
$550,000
3 Mo Avg
$200,000 $400,000 $600,000 $800,000
$350
$400
Feb 2016
106% 102%
104%
106%
3.98%
4.10%
3.90%
3 Mo Avg
21
Feb 2016
21
108%
0
3.80%
3.71%
10
20
30
3.66%
4.05% 3.91%
3.84%
3.77%
200
12
Average 30-Year Fixed Interest Rate 4.00%
150
26
1 Yr Low
103%
100%
100
1 Yr High
102%
3 Mo Avg
50
Average Days on Market 21
106%
1 Yr Low
73 0
List Price to Sale Price Ratio 106% 1 Yr High
57
Feb 2016
$356 $300
43
3 Mo Avg
$340
$250
150
147
1 Yr Low
Feb 2016
100
1 Yr High
$309
3 Mo Avg
50
Number of Pending Sales 73
$360
1 Yr Low
63 0
Average Cost Per Square Foot $356 1 Yr High
49
Feb 2016
$680,000 $0
42
3 Mo Avg
$636,667
Feb 2016
107
3.94%
3.89%
3.96% 3.87%
3.80%
3.67%
3.66%
3.70% 3.60% 3.50% 3.40%
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.
themarkettalks.com │ Residential and condominium data for Greater Seattle and the Eastside
Facts and TrendsTM - Published February 2016* Location: Property Types: Price Range: Full Baths:
METRO (area 140,380,385,390,700,701,705,710,715,720) Single Family Homes - All Property Statuses - All Properties - All Properties $0 - No Limit SQFT Range: 0 - No Limit Bedrooms: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit
Number of Homes For Sale vs. Sold vs. Pended (Nov. 2014 - Jan. 2016)
Curnt vs. Prev Month Jan. 16
Dec. 15
Curnt vs. Same Month 1 Yr Ago
% Change
Jan. 16
Jan. 15
Curnt vs. Same Qtr 1 Yr Ago
% Change
Nov. 15 to Jan. 16
Nov. 14 to Jan. 15
TODAY STATS
% Change
2/1/2016 2/10/2016
1/1/2016 1/10/2016
% Change
For Sale
467
347
34.6%
467
585
-20.2%
1302
2091
-37.7%
439
403
8.9%
Sold
348
662
-47.4%
348
400
-13%
1598
1693
-5.6%
79
92
-14.1%
Pended
443
347
27.7%
443
540
-18%
1395
1545
-9.7%
245
63
288.9%
January 2016 is a Seller's market** Home For Sale in January 2016 is 467 units. It is up 34.6% compared to the last month and down 20.2% compared to the last year. Home Closed in January 2016 is 348 units. It is down 47.4% compared to the last month and down 13% compared to the last year. Home Placed under Contract in January 2016 is 443 units. It is up 27.7% compared to the last month and down 18% compared to the last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.
All reports are published February 2016, based on data available at the end of January 2016, except for the today stats. This representation is based in whole or in part on data supplied by the NWMLS. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
Facts and TrendsTM - Published February 2016* Location: Property Types: Price Range: Full Baths:
EASTSIDE (excl. Snoqualmie Pass (948)) Single Family Homes - All Property Statuses - All Properties - All Properties $0 - No Limit SQFT Range: 0 - No Limit Bedrooms: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit
Number of Homes For Sale vs. Sold vs. Pended (Nov. 2014 - Jan. 2016)
Curnt vs. Prev Month Jan. 16
Dec. 15
Curnt vs. Same Month 1 Yr Ago
% Change
Jan. 16
Jan. 15
Curnt vs. Same Qtr 1 Yr Ago
% Change
Nov. 15 to Jan. 16
Nov. 14 to Jan. 15
TODAY STATS
% Change
2/1/2016 2/10/2016
1/1/2016 1/10/2016
% Change
For Sale
608
577
5.4%
608
826
-26.4%
1920
2801
-31.5%
618
574
7.7%
Sold
340
609
-44.2%
340
403
-15.6%
1479
1596
-7.3%
77
69
11.6%
Pended
498
335
48.7%
498
487
2.3%
1372
1411
-2.8%
197
105
87.6%
January 2016 is a Seller's market** Home For Sale in January 2016 is 608 units. It is up 5.4% compared to the last month and down 26.4% compared to the last year. Home Closed in January 2016 is 340 units. It is down 44.2% compared to the last month and down 15.6% compared to the last year. Home Placed under Contract in January 2016 is 498 units. It is up 48.7% compared to the last month and up 2.3% compared to the last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.
All reports are published February 2016, based on data available at the end of January 2016, except for the today stats. This representation is based in whole or in part on data supplied by the NWMLS. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
Facts and TrendsTM - Published February 2016* Location: Property Types: Price Range: Full Baths:
Mercer Island (510) Single Family Homes - All Property Statuses - All Properties - All Properties $0 - No Limit SQFT Range: 0 - No Limit Bedrooms: 0 - No Limit 0 - No Limit Half Baths: 0 - No Limit Year Built: 0 - No Limit
Number of Homes For Sale vs. Sold vs. Pended (Nov. 2014 - Jan. 2016)
Curnt vs. Prev Month Jan. 16
Dec. 15
Curnt vs. Same Month 1 Yr Ago
% Change
Jan. 16
Jan. 15
Curnt vs. Same Qtr 1 Yr Ago
% Change
Nov. 15 to Jan. 16
Nov. 14 to Jan. 15
TODAY STATS
% Change
2/1/2016 2/10/2016
1/1/2016 1/10/2016
% Change
For Sale
28
26
7.7%
28
43
-34.9%
90
129
-30.2%
24
21
Sold
8
20
-60%
8
12
-33.3%
50
52
-3.8%
3
2
14.3% 50%
Pended
12
8
50%
12
16
-25%
37
44
-15.9%
7
3
133.3%
January 2016 is a Seller's market** Home For Sale in January 2016 is 3971 units. It is down 0.8% compared to the last month and down 28.6% compared to the last year. Home Closed in January 2016 is 1905 units. It is down 39.4% compared to the last month and down 3.6% compared to the last year. Home Placed under Contract in January 2016 is 2777 units. It is up 31.9% compared to the last month and up 3.5% compared to the last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.
All reports are published February 2016, based on data available at the end of January 2016, except for the today stats. This representation is based in whole or in part on data supplied by the NWMLS. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
WAIT THERE’S MORE!
HOMES & STATS ONLINE
While having an historical perspective like this annual review is valuable, you may be looking for real-time information on today’s real estate market. If so, your search is over! We publish weekly reports to TheMarketTalks.com providing a summary analysis of what’s happening in 16 different micro-markets, including Mercer Island. Interested in what’s happening with waterfront properties? We are too! That’s why we analyze waterfront sales each month and post results at TheWaterfrontReport.com. Easily compare neighborhoods on LiveOnGuides.com with local info including maps, links and school data. You can search for every property listed for sale–by any real estate company–on WindermereMercerIsland.com.
WINDERMERE
MERCER ISLAND
In everything we do we put our clients first. We enable them to make sound real estate decisions through professional representation, expert advice, and deep neighborhood and community knowledge. Our clients enjoy a friendly, personalized experience as we competently guide them through their real estate transaction to achieve their hopes, dreams and goals. Centrally located on Mercer Island, our team of talented Realtors® serves Seattle, Mercer Island, and greater Eastside. Our neighborhood and community engagement goes beyond being avid supporters of Island and regional organizations and events—we are active neighbors and volunteers who enjoy making a difference in our world.
Data prepared and analyzed by Windermere Real Estate/Mercer Island from NWMLS provided data. For questions or comments, email Julie Barrows at julie@windermere.com. ©2011-2016 Windermere Real Estate/Mercer Island