June 2016 The Market Talks Seattle Area Housing Report

Page 1

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.

JUNE 2016 - THE MARKET TALKS greater seattle-eastside

WINDERMERE

MERCER ISLAND

In everything we do we put our clients first. We enable them to mak decisions through professional representation, expert advice, and deep neighbor community knowledge. Our clients enjoy a friendly, personaliz guide them through their real estate transaction to achieve their hopes Centrally located on Mercer Island, our team of talented Realtors® ser and greater Eastside. Our neighborhood and communit avid supporters of Island and regional organizations and events— 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 c

THEMARKETTALKS.COM

206.232.0446 | windermeremercerisland.com


THE MARKET TALKS

West Seattle

monthly real estate report

June 2016

$550,000

MEDIAN SALE PRICE 1 Yr High

1 Yr High

$573,000

1 Yr Low

$200,000

$400,000

AVERAGE COST PER SQUARE FOOT

$600,000

$800,000

$321

0

3 Mo Avg

$320

3 Mo Avg

Jun 2016

$321

Jun 2016

$280

$300

$320

$340

Jun 2016

3.98%

102%

104%

106%

4.05% 3.91%

4.00%

100

3.89%

3.90%

150

3.94%

200

250

20 35

12 16

Jun 2016

104%

20

0

AVERAGE 30-YEAR FIXED INTEREST RATE 4.10%

50

3 Mo Avg

105%

100%

206

1 Yr Low

101%

98%

190

1 Yr High

105%

3 Mo Avg

200

206

AVERAGE DAYS ON MARKET

1 Yr High 1 Yr Low

150

85

0

104%

LIST PRICE TO SALE PRICE RATIO

100

206

1 Yr Low

$272

$260

50

1 Yr High

$321

$240

137

NUMBER OF PENDING SALES

1 Yr High 1 Yr Low

117

Jun 2016

$550,000 $0

68

3 Mo Avg

$516,000

Jun 2016

154

1 Yr Low

$447,000

3 Mo Avg

137

NUMBER OF HOMES FOR SALE

3.96%

3.80%

10

20

30

40

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

Renton Highlands

monthly real estate report MEDIAN SALE PRICE

June 2016

$551,000

1 Yr High

$551,000

1 Yr Low 3 Mo Avg Jun 2016

$551,000 $400,000

Jun 2016

$240

3 Mo Avg Jun 2016 101%

102%

103%

3.98%

4.05% 3.91%

4.00%

3.89%

3.90%

15

3.94%

27 15

0

AVERAGE 30-YEAR FIXED INTEREST RATE 4.10%

150

15

Jun 2016

102% 100%

100

70

3 Mo Avg

102%

99%

50

1 Yr Low

99%

98%

126

1 Yr High

102%

97%

110

AVERAGE DAYS ON MARKET

1 Yr High 1 Yr Low

45

0

102%

3.96%

3.80%

200

126

Jun 2016

$227 $220

150

3 Mo Avg

$230

$200

100

126

1 Yr Low

3 Mo Avg

LIST PRICE TO SALE PRICE RATIO

50

1 Yr High

$196

$180

125 0

$235

$160

111

NUMBER OF PENDING SALES

1 Yr High 1 Yr Low

62

Jun 2016

$600,000

$227

AVERAGE COST PER SQUARE FOOT

172

3 Mo Avg

$504,000

$200,000

1 Yr High 1 Yr Low

$375,000

$0

125

NUMBER OF HOMES FOR SALE

20

40

60

80

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

South Seattle

monthly real estate report MEDIAN SALE PRICE

June 2016

$498,000

1 Yr High

1 Yr High

$510,000

1 Yr Low 3 Mo Avg

$400,000

AVERAGE COST PER SQUARE FOOT

$600,000

3 Mo Avg Jun 2016 $280

$300

104%

Jun 2016

104% 102%

104%

106%

3.98%

3.91%

4.00%

3.89%

3.90%

3.94%

200

21

18 20

Jun 2016

21

108%

4.05%

150

3 Mo Avg

0

AVERAGE 30-YEAR FIXED INTEREST RATE 4.10%

100

37

1 Yr Low

3 Mo Avg

100%

50

1 Yr High

100%

98%

144

AVERAGE DAYS ON MARKET 106%

96%

132

0

104%

1 Yr High 1 Yr Low

47

Jun 2016

$289

LIST PRICE TO SALE PRICE RATIO

144

3 Mo Avg

$287

150

144

1 Yr Low

$260

100

1 Yr High

$247

$240

50

NUMBER OF PENDING SALES $295

$220

97 0

$289

1 Yr High 1 Yr Low

93

Jun 2016

$498,000 $200,000

62

3 Mo Avg

$485,000

Jun 2016

123

1 Yr Low

$414,000

$0

97

NUMBER OF HOMES FOR SALE

3.96%

3.80%

10

20

30

40

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

Central Seattle

monthly real estate report MEDIAN SALE PRICE

June 2016

$789,000

1 Yr High

$907,000

1 Yr Low 3 Mo Avg

$200,000 $400,000 $600,000 $800,000$1,000,000

3 Mo Avg Jun 2016 $400

$500

3 Mo Avg

102%

104%

3.98%

4.05% 3.91%

4.00%

3.89%

3.90%

3.94%

25

0

AVERAGE 30-YEAR FIXED INTEREST RATE 4.10%

25

23

Jun 2016

102% 100%

150

18

3 Mo Avg

102%

Jun 2016

100

66

1 Yr Low

99%

98%

50

1 Yr High

103%

96%

108

AVERAGE DAYS ON MARKET

1 Yr High 1 Yr Low

101

0

102%

LIST PRICE TO SALE PRICE RATIO

43

Jun 2016

$458

150

108

3 Mo Avg

$449

$300

100

110

1 Yr Low

$370

$200

50

1 Yr High

$460

$100

106

NUMBER OF PENDING SALES

1 Yr High

$0

101

0

$458

1 Yr Low

48

Jun 2016

$789,000

AVERAGE COST PER SQUARE FOOT

128

3 Mo Avg

$852,000

Jun 2016

1 Yr High 1 Yr Low

$660,000

$0

106

NUMBER OF HOMES FOR SALE

3.96%

3.80%

20

40

60

80

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

East Side South

monthly real estate report MEDIAN SALE PRICE

June 2016

$846,000

1 Yr High

1 Yr High

$846,000

1 Yr Low 3 Mo Avg

$200,000 $400,000 $600,000 $800,000$1,000,000

$200

$300

$400

3 Mo Avg

103%

3 Mo Avg

Jun 2016

103%

Jun 2016

98%

100%

102%

104%

3.98%

4.05% 3.91%

4.00%

3.89%

3.90%

3.94%

3.96%

3.80%

150

18

18 21 18

0

AVERAGE 30-YEAR FIXED INTEREST RATE 4.10%

100

49

1 Yr Low

98%

96%

50

1 Yr High

103%

94%

127

AVERAGE DAYS ON MARKET

1 Yr High 1 Yr Low

124

0

103%

LIST PRICE TO SALE PRICE RATIO

57

Jun 2016

$330

200

127

3 Mo Avg

$315

Jun 2016

150

127

1 Yr Low

$260

$100

100

1 Yr High

$330

$0

50

NUMBER OF PENDING SALES

1 Yr High

3 Mo Avg

123 0

$330

1 Yr Low

112

Jun 2016

$846,000

AVERAGE COST PER SQUARE FOOT

64

3 Mo Avg

$818,667

Jun 2016

154

1 Yr Low

$649,000

$0

123

NUMBER OF HOMES FOR SALE

20

40

60

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

Mercer Island

monthly real estate report

June 2016

$1,400,000

MEDIAN SALE PRICE 1 Yr High

1 Yr High

$1,958,000

1 Yr Low 3 Mo Avg

$1,408,333

3 Mo Avg

Jun 2016

$1,400,000

Jun 2016

$1,000,000

$2,000,000

$3,000,000

$489

AVERAGE COST PER SQUARE FOOT 1 Yr High

$200

$400

LIST PRICE TO SALE PRICE RATIO

$600

$800

100%

3.98%

3.91%

10

20

100%

3.89%

105%

3.90%

3.94%

30

40

19

19 22 19

0

3.96%

3.80%

50

68

Jun 2016

4.05%

4.00%

33

3 Mo Avg

AVERAGE 30-YEAR FIXED INTEREST RATE 4.10%

31

1 Yr Low

100% 95%

100

33

1 Yr High

101%

90%

80

9

AVERAGE DAYS ON MARKET

95%

3 Mo Avg

60

46

0

103%

Jun 2016

40

Jun 2016

1 Yr High 1 Yr Low

0$4,000,000 20

3 Mo Avg

$489 $0

77

1 Yr Low

$469

Jun 2016

62

1 Yr High

$409

3 Mo Avg

25

NUMBER OF PENDING SALES $678

1 Yr Low

77

1 Yr Low

$1,062,000

$0

77

NUMBER OF HOMES FOR SALE

20

40

60

80

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

West Bellevue

monthly real estate report

June 2016

$1,931,000

MEDIAN SALE PRICE 1 Yr High

1 Yr High

$1,931,000

1 Yr Low

$1,000,000

$2,000,000

$3,000,000

$547

AVERAGE COST PER SQUARE FOOT 1 Yr High

$547 $0

$200

$400

LIST PRICE TO SALE PRICE RATIO

$600

Jun 2016

Jun 2016

51

98%

100%

3.98%

102%

4.05% 3.91%

4.00%

3.89%

3.90%

40

3.94%

37

22 27 37

0

3.96%

3.80%

60

83

Jun 2016

AVERAGE 30-YEAR FIXED INTEREST RATE 4.10%

20

3 Mo Avg

99% 96%

50

1 Yr High

100%

94%

23

1 Yr Low

3 Mo Avg

51

AVERAGE DAYS ON MARKET

96%

150

51

0

100%

1 Yr Low

100

3 Mo Avg

$800

99%

1 Yr High

50

1 Yr Low

$595

Jun 2016

$4,000,000 0

1 Yr High

$520

3 Mo Avg

114

NUMBER OF PENDING SALES $718

1 Yr Low

99

Jun 2016

$1,931,000 $0

50

3 Mo Avg

$1,863,333

Jun 2016

114

1 Yr Low

$1,585,000

3 Mo Avg

114

NUMBER OF HOMES FOR SALE

50

100

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

East Bellevue

monthly real estate report

June 2016

$715,000

MEDIAN SALE PRICE 1 Yr High

$750,000

1 Yr Low 3 Mo Avg

$400,000

AVERAGE COST PER SQUARE FOOT

$600,000

$800,000

Jun 2016

LIST PRICE TO SALE PRICE RATIO

$340

$360

Jun 2016

108%

3.98%

4.05% 3.91%

4.00%

3.89%

3.90%

3.94%

11

0

AVERAGE 30-YEAR FIXED INTEREST RATE 4.10%

11

12

Jun 2016

106% 106%

150

11

3 Mo Avg

106%

104%

100

32

1 Yr Low

3 Mo Avg

102%

50

1 Yr High

101%

100%

103

AVERAGE DAYS ON MARKET 106%

98%

92

0

106%

1 Yr High 1 Yr Low

36

Jun 2016

$350

150

103

3 Mo Avg

$339

$320

100

104

1 Yr Low

3 Mo Avg

$300

50

1 Yr High

$297

$280

86

NUMBER OF PENDING SALES $350

$260

72

0

$350

1 Yr High 1 Yr Low

31

Jun 2016

$715,000 $200,000

102

3 Mo Avg

$733,333

Jun 2016

1 Yr High 1 Yr Low

$613,000

$0

86

NUMBER OF HOMES FOR SALE

3.96%

3.80%

10

20

30

40

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

East Lake Sammamish

monthly real estate report MEDIAN SALE PRICE

June 2016

$728,000

1 Yr High

1 Yr High

$728,000

1 Yr Low

Jun 2016 $700,000

AVERAGE COST PER SQUARE FOOT

$750,000

3 Mo Avg

$282

Jun 2016

$287 $280

273

102%

104%

4.05% 3.91%

4.00%

3.89%

3.90%

3.94%

3.96%

3.80%

400

16

18 16

0

AVERAGE 30-YEAR FIXED INTEREST RATE 3.98%

300

16

Jun 2016

102% 100%

200

47

3 Mo Avg

102%

Jun 2016

4.10%

100

1 Yr Low

3 Mo Avg

98%

Jun 2016

1 Yr High

99%

96%

271

0

103%

1 Yr Low

273

63

AVERAGE DAYS ON MARKET

1 Yr High

400

3 Mo Avg

$300

102%

LIST PRICE TO SALE PRICE RATIO

300

304

1 Yr Low

$260

200

1 Yr High

$250

$240

100

NUMBER OF PENDING SALES $287

$220

266 0

$287

1 Yr High 1 Yr Low

238

Jun 2016

$728,000 $650,000

134

3 Mo Avg

$701,333

$600,000

320

1 Yr Low

$650,000

3 Mo Avg

266

NUMBER OF HOMES FOR SALE

20

40

60

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

Redmond-Carnation

monthly real estate report

June 2016

$710,000

MEDIAN SALE PRICE 1 Yr High

$739,000

1 Yr Low

1 Yr High

3 Mo Avg

$713,000

3 Mo Avg

Jun 2016

$710,000

Jun 2016

$200,000

$400,000

$600,000

$800,000

3 Mo Avg Jun 2016 $280

$300

1 Yr Low

3.98%

100%

102%

104%

4.05% 3.91%

4.00%

50

3.89%

3.90%

100

3.94%

150

20 61

20 24

Jun 2016

102%

20

0

AVERAGE 30-YEAR FIXED INTEREST RATE 4.10%

107

3 Mo Avg

102%

98%

98

1 Yr Low

3 Mo Avg

96%

45

1 Yr High

99%

Jun 2016

107

AVERAGE DAYS ON MARKET 103%

3.96%

3.80%

200

107

0

102%

1 Yr High

150

Jun 2016

$294 $260

100

3 Mo Avg

$293

LIST PRICE TO SALE PRICE RATIO

50

1 Yr Low

$255

$240

119

1 Yr High

$295

$220

101

NUMBER OF PENDING SALES

1 Yr High 1 Yr Low

57

0

$294

AVERAGE COST PER SQUARE FOOT

146

1 Yr Low

$594,000

$0

119

NUMBER OF HOMES FOR SALE

20

40

60

80

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

Kirkland-Bridle Trails

monthly real estate report MEDIAN SALE PRICE

June 2016

$887,000

1 Yr High

1 Yr High

$1,000,000

1 Yr Low 3 Mo Avg

$909,333

3 Mo Avg

Jun 2016

$887,000

Jun 2016

$500,000

$1,000,000

$1,500,000

$374

AVERAGE COST PER SQUARE FOOT 1 Yr High

3 Mo Avg

Jun 2016

$374

Jun 2016

LIST PRICE TO SALE PRICE RATIO

$300

$400

$500

103% 102% 94%

96%

98%

3.98%

100%

102%

3.91%

50

3.89%

3.90%

100

3.94%

21

15

Jun 2016

21

0

3.96%

3.80%

150

51

20

104%

4.05%

4.00%

93

3 Mo Avg

AVERAGE 30-YEAR FIXED INTEREST RATE 4.10%

91

1 Yr Low

3 Mo Avg

93

1 Yr High

97%

150

41

AVERAGE DAYS ON MARKET 103%

Jun 2016

100

100

0

102%

1 Yr High 1 Yr Low

50

1 Yr Low

$379

$200

102 0

3 Mo Avg

$100

88

1 Yr High

$331

$0

64

NUMBER OF PENDING SALES

$404

1 Yr Low

136

1 Yr Low

$761,000

$0

102

NUMBER OF HOMES FOR SALE

20

40

60

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

Juanita-Woodinville

monthly real estate report

June 2016

$625,000

MEDIAN SALE PRICE 1 Yr High

1 Yr High

$650,000

1 Yr Low 3 Mo Avg

$625,000

3 Mo Avg

Jun 2016

$625,000

Jun 2016

$200,000

$400,000

AVERAGE COST PER SQUARE FOOT

$600,000

$800,000

$100

$200

$300

$400

102%

3 Mo Avg

Jun 2016

102%

Jun 2016

100%

102%

104%

4.05% 3.91%

4.00%

50

100

3.89%

3.90%

3.94%

150

200

3.96%

3.80%

250

23 60

23 24 23

0

AVERAGE 30-YEAR FIXED INTEREST RATE 3.98%

193

1 Yr Low

3 Mo Avg

4.10%

202

1 Yr High

99%

98%

193

79

0

103%

96%

400

222

AVERAGE DAYS ON MARKET

1 Yr High 1 Yr Low

300

Jun 2016

102%

LIST PRICE TO SALE PRICE RATIO

200

3 Mo Avg

$291 $0

100

1 Yr Low

$278

Jun 2016

230

1 Yr High

$241

3 Mo Avg

208

NUMBER OF PENDING SALES

$291

1 Yr Low

147

0

$291

1 Yr High

311

1 Yr Low

$508,000

$0

230

NUMBER OF HOMES FOR SALE

20

40

60

80

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

Queen Anne-Magnolia

monthly real estate report

June 2016

$950,000

MEDIAN SALE PRICE 1 Yr High

1 Yr High

$970,000

1 Yr Low

$500,000

$1,000,000

AVERAGE COST PER SQUARE FOOT

$1,500,000

$428

0

3 Mo Avg

$431

3 Mo Avg

Jun 2016

$428

Jun 2016

$200

$300

$400

$500

1 Yr High

103% 103%

100%

101%

3.98%

102%

103%

3.91%

20

40

3.89%

3.90%

60

80

3.94%

50 14

Jun 2016

24

0

3.96%

3.80%

100

24

25

104%

4.05%

4.00%

61

3 Mo Avg

AVERAGE 30-YEAR FIXED INTEREST RATE 4.10%

70

1 Yr Low

Jun 2016

100

30

1 Yr High

101%

3 Mo Avg

80

61

AVERAGE DAYS ON MARKET 103%

1 Yr Low

60

90

0

103%

LIST PRICE TO SALE PRICE RATIO

40

1 Yr Low

$367

$100

20

1 Yr High

$444

$0

75

NUMBER OF PENDING SALES

1 Yr High 1 Yr Low

73

Jun 2016

$950,000 $0

42

3 Mo Avg

$908,667

Jun 2016

81

1 Yr Low

$700,000

3 Mo Avg

75

NUMBER OF HOMES FOR SALE

20

40

60

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

Ballard-Greenlake

monthly real estate report

June 2016

$680,000

MEDIAN SALE PRICE 1 Yr High

1 Yr High

$680,000

1 Yr Low 3 Mo Avg Jun 2016

AVERAGE COST PER SQUARE FOOT

$650,000

$700,000

$367

Jun 2016

$364 $340

$360

1 Yr High

227

Jun 2016

106% 104%

106%

108%

3.98%

3.91%

4.00%

3.89%

3.90%

3.94%

300

14 26

10 14

Jun 2016

14

110%

4.05%

200

3 Mo Avg

0

AVERAGE 30-YEAR FIXED INTEREST RATE 4.10%

100

1 Yr High

106%

102%

Jun 2016

1 Yr Low

3 Mo Avg

100%

230

AVERAGE DAYS ON MARKET

102%

98%

76

0

108%

1 Yr Low

227

3 Mo Avg

$380

106%

LIST PRICE TO SALE PRICE RATIO

150

251

1 Yr Low

3 Mo Avg

100

1 Yr High

$326

$320

50

NUMBER OF PENDING SALES $373

$300

104 0

$364

1 Yr High 1 Yr Low

110

Jun 2016

$680,000 $600,000

49

3 Mo Avg

$670,000

$550,000

133

1 Yr Low

$575,000

$500,000

104

NUMBER OF HOMES FOR SALE

3.96%

3.80%

10

20

30

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


THE MARKET TALKS

North Seattle

monthly real estate report

June 2016

$707,000

MEDIAN SALE PRICE 1 Yr High

$739,000

1 Yr Low 3 Mo Avg

$400,000

AVERAGE COST PER SQUARE FOOT

$600,000

$800,000

77 71 0

$360

50

100

150

134

NUMBER OF PENDING SALES

1 Yr High

1 Yr High

$379

1 Yr Low

42

Jun 2016

$707,000 $200,000

107

3 Mo Avg

$685,667

Jun 2016

1 Yr High 1 Yr Low

$560,000

$0

71

NUMBER OF HOMES FOR SALE

151

1 Yr Low

$309

43

3 Mo Avg

$362

3 Mo Avg

135

Jun 2016

$360

Jun 2016

134

$0

$100

$200

$300

$400

0

106%

LIST PRICE TO SALE PRICE RATIO 1 Yr High

106%

3 Mo Avg

Jun 2016

106%

Jun 2016

104%

106%

108%

3.98%

4.05% 3.91%

4.00%

3.89%

3.90%

12

3.94%

12 17 12

0

AVERAGE 30-YEAR FIXED INTEREST RATE 4.10%

200

26

1 Yr Low

3 Mo Avg

102%

150

1 Yr High

102%

100%

100

AVERAGE DAYS ON MARKET 106%

1 Yr Low

50

3.96%

3.80%

10

20

30

3.57%

3.87%

3.80%

3.66%

3.69%

Feb-16

Mar-16

3.70%

3.61%

3.60%

3.57%

Apr-16

May-16

Jun-16

3.60% 3.50% 3.40% 3.30%

Jun-15

Jul-15

Aug-15

Sep-15

Oct-15

Nov-15

Dec-15

Jan-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


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


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.