Q1 2018 Seattle-Eastside Waterfront Report

Q1 2018 Seattle-Eastside Waterfront Report

Q1 2018 MARKET REPORT

Waterfront Report

Several significant sales accented an otherwise unremarkable quarter. A $26.8 million iconic Medina estate on 2.5 acres with 150 feet of waterfront set a new benchmark on the Eastside. Two $8+ million homes on the north end of Mercer Island–both newer construction with over 7,000 square feet–set the tone for the Island in 2018. Lake Sammamish, with a $4.2 million sale in Q1, is still in hot demand, while Seattle saw only three modest waterfront sales.

 

Check out the full Waterfront Report for a complete list of waterfront home sales by address and community.

 

ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

2017 Year End Seattle-Eastside Waterfront Report

2017 Year End Seattle-Eastside Waterfront Report

2017 YEAR END REVIEW

Waterfront Report

Challenged by increasing building and shoreline restrictions, aging housing stock, and an extreme scheduling backlog for quality contractors, waterfront buyers found fewer modern turn-key homes, in ideal settings, to capture their interest. Waterfront that ‘checked all the boxes’ was in high demand—commanding top prices in 2017—while those requiring considerable renovation/rebuild sat stagnant on the market or sold at well below prior market prices. Don’t expect this to turn around until builders and remodelers become more readily available.

Check out the full Waterfront Report for a complete list of waterfront home sales by address and community.


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Q3 2017 Seattle Area Waterfront Report

Q3 2017 Seattle Area Waterfront Report

Q3 2017 REVIEW

Waterfront Report

The most active quarter of the year for waterfront in the Seattle region, Q3 saw two very distinctly separate markets. The more moderate waterfront price points below $4 million experienced an increase in the number of homes for sale while the pace of sales slowed. Turn-key homes with desirable waterfront access were few and far between and many buyers appeared unwilling to purchase a home that didn’t measure up to their expectations.

A number of highly coveted waterfront homes or settings transacted in the $4-10 million price point for top dollar, some after relatively short market times. Clearly, buyers at this price point know what they want and aren’t afraid to go get it. Two homes sold above $20 million on the Eastside, skewing the overall Eastside averages significantly.

The highest waterfront sale in the Seattle-Eastside region ($23.4 M) was a traditional 2015-built home in Medina on 1.84 acres with 80 feet of prime waterfront. The lowest sale ($1.5 M) was a 2330 square foot home in Kennydale built in 1931 and sited along 59 feet of south Lake Washington shoreline.

A total of 52 private waterfront sales transacted in the Seattle-Eastside region in Q3.

Check out the full Waterfront Report for a complete list of waterfront home sales by address and community.

 

© Copyright 2017, Windermere Real Estate/Mercer Island. Information and statistics derived from Northwest Multiple Listing Service.

Q2 2017 Seattle Area Waterfront Report

Q2 2017 Seattle Area Waterfront Report

Q2 2017 REVIEW

Waterfront Report

Q2, typically the second most active quarter of the year for waterfront—behind Q3—saw an expected seasonal uptick in sales on par for region. While those properties with coveted topography, easy access, prime waterfront, and turn-key condition captured the interest of more buyers, several rehab/rebuild sales transpired in Q2 as well.

The highest waterfront sale in the Seattle-Eastside region ($8.9 M) was a stunning 2016-built home on Medina’s Evergreen Point Road with 112 feet along the water’s edge.
The lowest sale ($1.3 M) was a small 1942-built Lake Sammamish home with 50 feet on the west side of the lake.

Forty-one private waterfront sales transacted in the Seattle-Eastside region in Q2. That’s an impressive number given there were an average of 84 private waterfront homes for sale at any time during the second quarter of 2017.

 

Check out the full Waterfront Report for a complete list of waterfront home sales by address and community.

 

 

© Copyright 2017, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

Q1 2017 Seattle Area Waterfront Report

Q1 2017 Seattle Area Waterfront Report

Waterfront Report

Overall, the Seattle-Eastside waterfront market showed a resurgence of activity in Q1 with highly desirable properties (moderate topography, easy access, prime exposure and waterfront quality, etc.) transacting most quickly and at strong prices while homes lacking those essential qualities are passed over or sold at very negotiated prices.

The highest waterfront sale in the Seattle-Eastside region, closing at $8,850,000, was a 2008-built contemporary on Laurelcrest Lane in Seattle’s Laurelhurst neighborhood with 9,590 square foot complete with its own ADU, and situated on three lots with 145 feet of waterfront. This home sold at 89% of its listed price after 458 days on the market.

The lowest sale, at a mere $950,000, was a Richmond Beach home in Shoreline on 38 feet of Puget Sound saltwater. Built in 1940, the existing 1,450 square foot structure was of little to no value. It sold at 90% of its listed price after 136 days on the market.

The region’s strong start to Q1, with 27 private waterfront sales, contributed to reducing the overall month’s supply of inventory and primed the market for what looks to be a solid spring and summer peak season in 2017.

Check out the full Waterfront Report for a complete list of waterfront home sales by address and community.

 

© Copyright 2017, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

2016 Greater Seattle-Eastside Annual Waterfront Report

2016 Greater Seattle-Eastside Annual Waterfront Report

2016 WATERFRONT YEAR IN REVIEW

Seattle-Eastside waterfront velocity slowed slightly in 2016—likely an extension of the oversupply of inventory that has plagued the $2,000,000 and above market. Highly desirable properties have continued to transact at handsome prices. But, those that require significant imagination, time and expense or present fundamental challenges (topography, access, exposure, quality of waterfront, etc.) have languished on the market for months.

Evolving from years past, more waterfront buyers today are attracted to not only homes with the right location and logistics, but those that are in exquisite turn-key condition. To be sure, there is still a tear down/rebuild-renovate market, but with the uncertainties of far-reaching waterfront codes and regulatory restrictions and an emerging ‘have it now’ mindset, we are seeing greater demand from buyers who want waterfront homes ready to move in to and now.

The highest waterfront sale in the region, at $9,751,880, was a Westside Mercer Island 9,750 square-foot contemporary just south of the I-90 bridge on 250 feet of level waterfront. Nearly tied with that sale was a 9,762 square-foot Laurelhurst traditional on 180 feet of level waterfront.

Check out the full Waterfront Report for a complete list of waterfront home sales by address and community.

 

© Copyright 2017, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

Q3 2016 Waterfront Report for Seattle, Eastside Lake Sammamish and Mercer Island

Q3 2016 Waterfront Report for Seattle, Eastside Lake Sammamish and Mercer Island

Click here to view the full report!

 

SEATTLE

The Seattle private waterfront market has been very active with 27 new listings in Q3—compared to 14 during the same period last year. The 17 closed sales mark an increase in the average sale price to $2.4 M. Of Q3’s sales, 8 homes were sited on Puget Sound’s saltwater beaches while 9 rested along the shores of Lake Washington.

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MERCER ISLAND

In spite of typical sales activity, the number of private waterfront homes on the Island has steadily been increasing. This has brought the month’s supply of inventory—the number of months it would take to sell through the current listings for sale based on the rate of pending sales—up to 13 months. While this is seasonal to some degree, the Island has seen a significant run up in the for sale inventory of priced above $2 million, and it therefor merits careful observation to see how this trend unfolds.

Of Q3’s eight private waterfront sales, 3 were sited on the Westside, 3 on the Eastside and 2 at the South End. The highest sale ($9.8 M) was a 9,750 square foot mid-century modern on the Westside with 250 feet of waterfront on 1.138 acres (3 lots). The lowest, at $2.9 M, was a 1937-built cottage sited on Butterworth Road with .238 acres and 80 feet of waterfront.

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EASTSIDE

Private waterfront sales on the Eastside were up in Q3 to the highest level seen in years. The highest waterfront sale ($7 M) was on Hunts Point and the lowest ($1.5 M) was in Kenmore. Eighteen new listings entered the market maintaining an average listing count of 32 active listings. There were 24 pending sales reported between July and September 2016 as compared to 19 during the same period last year.

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LAKE SAMMAMISH

Lake Sammamish has awakened from its slumber with a significant uptick of sales activity paralleling that of Q3 2015. Eleven new listings brought the average listing count up to 13 (from 8 in Q3 2015). Ten pending sales (up twofold) and 15 closed sales made for a nice finish to Q3.

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© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed. For questions or comments, email Julie Barrows at julie@windermere.com.

Q2 2016 Waterfront Report for Seattle, Eastside Lake Sammamish and Mercer Island

Q2 2016 Waterfront Report for Seattle, Eastside Lake Sammamish and Mercer Island

Click here to view the full report!

SEATTLE

Seattle’s diverse private waterfront consists of both rugged Puget Sound saltwater coastline and protected Lake Washington shoreline, along with a number of smaller bodies of water (not included in this report).  Of Q2’s 10 waterfront sales, 6 were sited on Lake Washington north of 520, 1 on Lake Washington south of 520, and 3 on Puget Sound in West Seattle.

The highest sale, at $5 million, was a Washington Park 1952-built, 4296 square foot, Harrison Overturf designed mid-century modern remodeled in 1998 by Ralph Anderson with 60 feet of prime waterfront. Listed at $5,450,000, it sold in 21 days at 92% of its asking price. The most affordable private waterfront home, a 1912 West Seattle Craftsman listed at $1,275,000 and sold for $1.35 million in 7 days. Located just steps from Lincoln Park, this 2930 square foot home was sited on a shy 2/3 acre (with much of the land as tide flats) and had feet of frontage on Puget Sound.

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MERCER ISLAND

The pace of Mercer Island waterfront sales has slowed from 15 pending listings in Q2 2015 to 8 during the same period this year. Closed sales are less than half of their typical pace—from 14 in 2015 to 6 during the same April-June time frame. This has resulted in a dramatic climb in the Month’s Supply of Inventory –from 4 months in Q2 2015 to 9 month’s supply in 2016—during a time when the market has otherwise been brisk. Of the 6 homes sold, 2 were Westside, 2 South End, and 1 each North End and Eastside.

The highest sale, at $7.5 M, was of a 1989 traditional with 6350 square feet on two extraordinary, side by side buildable waterfront lots with 204 feet of low bank West facing Gold Coast waterfront. Listed at $8,188,660, this home sold in 1 day at just shy of 92% of its listed price.

Only one private waterfront home sold below $3 M in the second quarter. It was an Eastside, 1952-built, 2400 square-foot basement rambler on a quarter acre lot with 80 feet of waterfront listed at $2,298,000 and sold for $2,290,500 after 14 days on the market.

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EASTSIDE

Of the 16 private waterfront sales in Q2, half sold above $3 million. Kirkland had the highest concentration of sales, although not surprisingly, Medina ($6.3 M) and Hunts Point ($5.5 M) boasted the highest average sale prices. Twenty-five new listings entered the market increasing the average listing count to 36 active listings. The pace of sales slowed, with only 17 pending sales reported between April and June in 2016 as compared to 30 during the same period last year.

Scarcity in highly desirable market segments—west facing, turn-key or blank slate, and with optimum usable land has been met with an overabundance of supply in other segments. This brought the average days on market of sold listings to a startling 23—while other homes remained on the market waiting for just the right buyer.

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LAKE SAMMAMISH

In spite of 14 new listings for sale, inventory on Lake Sammamish has been scarce—averaging 13 active listings in Q2. Twelve pending sales are on the books awaiting closing—but only 2 sales were actually closed—the lowest number of quarterly closings in many years.

The highest Lake Sammamish sale was listed at $3,788,000 and sold near asking price at $3,775,000. A spectacular 5,875 square foot, 2010-built award-winning traditional with 20 foot ceilings and sited on 88 feet of sandy level beach with its own private dock. Located on the east side of the lake and north of Lake Sammamish State Park, this home sold at nearly 100% of its list price in early April after 11 days on the market.

The second private waterfront home sold in Q2 was listed at $1,595,000 million and sold at $1,487,500 in April after 17 days on the market. It was a 2000-built home with a mere 1,810 square feet on a sliver of land with 32 feet of waterfront along the east side of the lake.

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© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed. For questions or comments, email Julie Barrows at julie@windermere.com.

 

Q1 2016 Waterfront Report for Seattle, Eastside Lake Sammamish and Mercer Island

Q1 2016 Waterfront Report for Seattle, Eastside Lake Sammamish and Mercer Island

Click here to view the full report!

SEATTLE

With only two sales to hang its hat on, private waterfront in Seattle saw a very sleepy first quarter. The water’s edge to the East of Seattle had the most activity with 2 new listings and 3 pending sales, while West Seattle and Magnolia were the sole benefactors of a single closed sale each.

Increasing prices, higher list price to sale price ratios, and longer market times are some of the conflicting elements that make this quarter’s data in Seattle about as clear as mud. Not an anomaly with first quarter data given the small number of sales to evaluate.

Seattle’s diverse private waterfront consists of both rugged Puget Sound saltwater coastline and protected Lake Washington shoreline. In the first quester, both Seattle waterfront sales were located to the West along Puget Sound. In contrast, more than half of all 2015 sales were of homes located along the shores of Lake Washington.
The first of Seattle’s two Q1 sales is a 1968 NW Contemporary with 4200 square feet sited on a .22-acre lot lot with 61 feet of waterfront bulkhead on Puget Sound saltwater just North of Discovery Park. On the market for 881 days, it sold for 99% of its final listed price. The second sale was of a remodeled 1925-built Beach Drive home with 4200 square foot on a .16 acre lot with 60 feet of waterfront bulkhead on Puget Sound just South of Alki in West Seattle. It sold at 95% of its original listed price after 79 days on the market.

MERCER ISLAND

Mercer Island waterfront saw solid price growth in Q1 as the low supply of inventory—both on the water and off—increased demand for the most desirable properties. That said, not a single private waterfront home transacted at higher than its list price, with the average ratio of list price to sale price standing at 92%.

There were 9 new private waterfront listings in the first quarter leading to an average of 13 active listings at any given time. 7 pending and 7 closed sales resulted in a respectable level of pre-peak season activity and is a good indication of a strong spring market ahead.

The highest sale, a 4800 square foot Avalon Drive craftsman sited on just over a 1/3-acre lot with 60 feet of low-bank waterfront with a separate guest apartment, private dock and covered lift, sold for $4,075,000—94% of its listed price, after 209 days on market. The most affordable sale, at $2,375,000, was also located in the southeast quadrant of the Island. It’s beautiful grounds and 55 feet of waterfront were strong qualities of this 1980-built contemporary home sold at its full reduced list price after 153 days on the market.

EASTSIDE

Waterfront prices on the Eastside have been on the rise. Of the 9 private waterfront sales, 8 sold above $3 million—and of those, 75% transacted with a sale price above $3.5 million. West Bellevue and Yarrow Point were the most active locales.

Sixteen new listings entered the market in Q1 bringing the average listing count at any one time to 22 active listings on the market. There were 10 pending sales reported with the activity shared between January and March with a very quiet February.

The highest Eastside sale in the first quarter was a 6900 square foot 1988-built William Buchan resale with 118 feet (+ a one-half interest in an adjacent 22 feet) of no bank waterfront on a rare 2/3-acre lot located in Enatai. An estate sale, this home sold $4.68 million—95% of its list price—in mid-January after 75 days on the market.
The most affordable private waterfront home, at $2.25 million, was a 1986 Juanita Point two-story sited on a 1/3 acre lot with 70 feet of south-facing no-bank waterfront. The traditional floor plan featured 4400 square feet with stunning water and Mount Rainier views from most rooms.

LAKE SAMMAMISH

With 5 of the 6 new listings in Q1 the West side of Lake Sammamish saw far more activity than the East side of the lake did—although the four sales were evenly divided between the two areas. Still a very tight market with an average of only 5 active listings for sale, the six new listings were offset by 4 pending and 4 closed sales.

Lake Sammamish has indeed grown up as a luxury community—having gained incredible popularity over the past two years as a comfortable and protected lakefront community in close proximity to the hustle and bustle of both the Seattle and Eastside metro areas. The highest Lake Samm sale transacted for $3.75 million. A 6600 square foot, 2002-built modern with 160 feet along the water’s edge and sited on just over an acre with window walls, a lush wooded setting, four decks, and a private dock. Located just South of Idlywood Park on the West side of the lake, this home sold at 93% of its list price in early February after 160 days on the market.

The most affordable private waterfront home on the lake, at $2.3 million, was a 1979-built home with 100 feet of waterfront on a street-to-water lot just East of Tam O’Shanter. It sold at 94% of its listed price after 137 days on the market.

 

© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed. For questions or comments, email Julie Barrows at julie@windermere.com.

2015 Annual Waterfront Report

2015 Annual Waterfront Report

Click here to view the full report!

SEATTLE

On the east side of Seattle, notable waterfront communities abut Lake Washington including Matthew’s Beach, Sand Point, Windermere, Laurelhurst, Mount Baker and Leschi. The western shore is also home to the University of Washington campus, along the water’s edge just south of Laurelhurst down to the Montlake Cut and Portage Bay.

On Puget Sound, a bluff and the Burlington Northern railroad track separate many prominent water view communities from the waterfront along Richmond Beach and past waterfront landmarks such as Carkeek Park, Golden Gardens, Shilshole Bay, and the Ballard Locks. Private waterfront homes are located just north of Discovery Park along the inlet to the locks, in Magnolia along Perkins Lane, and in West Seattle along Alki and Fauntleroy.

Seattle had 41 private waterfront sales in 2015 with 21 above $2 million and 13 above $3 million.

MERCER ISLAND

Mercer Island’s private waterfront homes are situated along the shores of Lake Washington around the perimeter of the Island. While it is an island, Mercer Island is connected to Seattle and Bellevue via Interstate 90 making it an ideal location to commute to either metro locale.

Its central location tops the list of attractive attributes of the “Rock.” The Island has many waterfront micro-markets as its terrain, vegetation and topography vary significantly from point to point.

The sunny west side of the Island benefits from afternoon sun, Seattle views, and spectacular sunsets. The rugged eastside is more forested in true NW style with brilliant sunrises and afternoon shade.

Mercer Island had 30 private waterfront sales in 2015 with 27 above $2 million and 19 above $3 million.

EASTSIDE

The Eastside’s private waterfront consists of homes sited along Lake Washington from just north of St. Edwards State Park to Newcastle Beach Park; encompassing the cities of Kenmore, Kirkland, Bellevue, Medina, Newcastle and Renton.

The water’s edge along the east side of Lake Washington includes many desirable points, bays and vistas—especially those centrally located in the Yarrow Point, Hunts Point and Medina neighborhoods.

Unlike those homes situated on the west side of the lake, the east side enjoys exceptional sunsets from their vantage point along the eastern shore line. Many homes feature low or no-bank waterfront providing level beach access and spacious docks.

The Eastside had 50 private waterfront sales in 2015 with 42 above $2 million and 27 above $3 million.

LAKE SAMMAMISH

Lake Sammamish is the sixth largest lake in the state of Washington, located 8 miles east of Seattle and just north of the I-90 corridor.

It is an outstanding freshwater community with a 24-mile circumference and an abundance of local recreational activities. It is bordered by two large and active regional parks–Marymoor Park to the north and Lake Sammamish State Park to the south.

The sunny east side of the lake benefits from afternoon sun and stunning sunsets. The shady west side boasts morning sun and is more likely to be steep and forested. Lake Sammamish enjoys convenient access to Bellevue, Seattle and the Microsoft campus.

Lake Sammamish had 38 private waterfront sales in 2015 with 23 above $2 million and 3 above $3 million.

 

© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed. For questions or comments, email Julie Barrows at julie@windermere.com.

Q3 2015 Waterfront Report for Seattle, the Eastside, Mercer Island and Lake Sammamish

Q3 2015 Waterfront Report for Seattle, the Eastside, Mercer Island and Lake Sammamish

Eastside waterfront fared remarkably well in the third quarter with several homes entertaining multiple offers before selling at or near their listed price—a break from the norm at this price point where listing prices are often heavily negotiated. The highest sale was a regal Mediterranean estate on Shoreland Drive in West Bellevue with west facing views of Lake Washington and the Seattle skyline at $6.7 million. Built in 2008, it’s nearly 11,000 square feet of living space is situated on a 2/3 acre lot along 80 feet of private waterfront. The least expensive waterfront was a 1951 built home on a tiny .08 acre lot with 55 feet of waterfront along the shores of Lake Washington near the Seahawk’s training facility sold above list price at $1.07 million.

The Eastside’s private waterfront consists of homes sited along Lake Washington from just north of St. Edwards State Park to Newcastle Beach Park; encompassing the cities of Kenmore, Kirkland, Bellevue, Medina, Newcastle and Renton.

Mercer Island private waterfront homes saw moderate gains in the third quarter—the Island’s most active quarter for waterfront sales each year. A couple of notable sales above list price but otherwise a slow, steady and sustainable pace for the Island’s prime waterfront market. The highest private waterfront sale was a rare Westside Gold Coast home on Boulevard Place with 100 feet of no-bank waterfront for $4.25 million. Its Northwest contemporary design with 4,450 square feet was built in 1981. The least expensive home was a medium-bank, 1989 built, 3,980 square foot home on 30 feet of waterfront on the southwest tip of the island sold above list price at $2.21 million.

Mercer Island’s private waterfront homes are situated along the shores of Lake Washington around the perimeter of the Island. While it’s an island, Mercer Island is connected to Seattle and Bellevue via Interstate 90.

Coming on the heels of a very quiet year, out of nowhere Lake Sammamish pulled off 13 sales in its very active third quarter. The highest private waterfront sale was a 2003 Todd Erickson built, 4,650 square foot modern on situated on 50 feet of west-facing no-bank waterfront. Its dramatic architecture, master spa-bath, and outdoor living room contributed to an above list sale price of $3.33 million. On the budget side of the spectrum, a tiny 1952 original cabin along a narrow sliver of land abutting an incredible 295 feet of Lake Sammamish sold for $1.2 million.

Lake Sammamish is the sixth largest lake in the state of Washington, located 8 miles east of Seattle and just north of the I-90 corridor.

Not to be left out, Seattle posted 14 waterfront sales in the third quarter. The highest private waterfront sale at $3.92 million was a 1962 Laurelhurst gem located on 140 feet of prime no-bank waterfront with stunning Mount Rainier views and a large boathouse for entertaining. The lowest sale was of a 1924 Cedar Park cabin on Riveria Place with 30 feet of waterfront and its own dock for just shy of $1.1 million.

Seattle’s waterfront homes are sited on either west shore of Lake Washington to the east or Puget Sound (saltwater) to the west.

© Copyright 2012-2015, Windermere Real Estate/Mercer Island. For questions or comments, email Julie Barrows at julie@windermere.com.

 

Click images below to view the full report for each area.

Mercer Island

Seattle

Lake Sammamish

Eastside

Q2 2015 Waterfront Report for Seattle, the Eastside, Mercer Island and Lake Sammamish

Q2 2015 Waterfront Report for Seattle, the Eastside, Mercer Island and Lake Sammamish

Click the images below to see the full report for each area.

Mercer Island

Seattle

Lake Sammamish

Eastside

 

The highest sale of the second quarter on the Eastside was an exquisite 7112 sq. ft., 2006 built Hunts Point home on 100 ft. of private Lake Washington waterfront with undisturbed East facing views at $9,500,000 (listed for $9,950,000). The lowest private waterfront sale was a $1,675,000 (listed at $1,777,000) 2 bedroom Barbee Mill resale, originally built in 2013, in Kennydale on a 5805 sq. ft. lot with 41’ of waterfront.

The Eastside’s private waterfront consists of homes sited along Lake Washington from just north of St. Edwards State Park to Newcastle Beach Park; encompassing the cities of Kenmore, Kirkland, Bellevue, Medina, Newcastle and Renton.

The highest sale on Lake Sammamish was of a gated estate with a 4,690 sq. ft. two-story home and 1,300 sq. ft. guest house on a shy half acre with 63 feet of no-bank waterfront which both listed and sold at $3,650,000. The lowest sale was 2006 built 1550 sq. ft. 2 bedroom home on a small 1767 sq. ft. lot with 30 feet of waterfront for $1,075,000 (listed at $1,100,000).

Lake Sammamish is the sixth largest lake in the state of Washington, located 8 miles east of Seattle and just north of the I-90 corridor.

Mercer Island’s highest private waterfront sale was a 2007 built, 13,721 sq. ft., 8 bedroom, 8.5 bath spectacular waterfront home sited on 1.23 acres with 120 feet of north-facing Lake Washington waterfront for $13.8 million (listed at $16.5 million). The lowest Island sale was an as-is 1951 cabin on a 12,000 sq. ft. lot with a grand 5 feet of waterfront for $1,020,000 (listed at $999,000).

Mercer Island’s private waterfront homes are situated along the shores of Lake Washington around the perimeter of the Island. While it’s an island, Mercer Island is connected to Seattle and Bellevue via Interstate 90.

Seattle’s highest private waterfront sale was a 2001 built 4400 sq. ft. Laurelhurst Colonial Revival with 50 feet of Lake Washington waterfront on .32 acres. Listed at $4,650,000 and sold for $5,220,000. The lowest sale was a 1928 Beach Drive cabin located on 40 feet of Puget Sound waterfront in West Seattle sold at list price for $1,175,000.

Seattle’s waterfront homes are sited on either west shore of Lake Washington to the east or Puget Sound (saltwater) to the west.

© Copyright 2012-2015, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed. For questions or comments, email Julie Barrows at julie@windermere.com.

Q1 2015 Waterfront Report for Seattle, the Eastside, Mercer Island and Lake Sammamish

Q1 2015 Waterfront Report for Seattle, the Eastside, Mercer Island and Lake Sammamish

The highest sale of the first quarter on the Eastside was a 5881 sq. ft., 2003 MacPherson-built Yarrow Point home on 100 ft. of private waterfront with unobstructed views of the lake and mountain/city skylines beyond at $6,145,000 (listed for $6,495,000). The lowest private waterfront sale was a $1,650,000 (listed at $1,784,000) South Bellevue home along Hazelwood Lane with 42’ of waterfront. Built in 1991, this home had 2856 sq. ft. and gorgeous views.
The Eastside’s private waterfront consists of homes sited along Lake Washington from just north of St. Edwards State Park to Newcastle Beach Park; encompassing the cities of Kenmore, Kirkland, Bellevue, Medina, Newcastle and Renton.

Lake Sammamish continues to struggle with a lack of available waterfront homes for sale. The highest sale on the lake in Q1 was a rare, shy acre 4220 sq. ft. home built in 1987 with 130′ of waterfront—originally listed at $4.2 million and sold for $3.3 million. The lowest sale was of a tiny 1947 built cabin on a 15 foot sliver of water for $660,000 (listed at $674,950) just East of Weowna Beach Park.
Lake Sammamish is the sixth largest lake in the state of Washington, located 8 miles east of Seattle and just north of the I-90 corridor.

Mercer Island’s highest private waterfront sale was a 2006 built, 5500 sq. ft. waterfront estate sited on a shy 1/3 acre at water’s edge—with 65 feet of east-facing waterfront. At $5.45 million (listed at $6,180,000) this sale set a new bar on the East side of the Island, contending with a dominant West side when it comes to record high sale prices. The lowest Island sale was an 1890 sq. ft. home built in 1973 and sighted on 60 feet of Southeast-facing waterfront for $1,735,000 (listed at $1.95 million).
Mercer Island’s private waterfront homes are situated along the shores of Lake Washington around the perimeter of the Island. While it’s an island, Mercer Island is connected to Seattle and Bellevue via Interstate 90.

Seattle’s highest private waterfront sale was a 4752 sq. ft. home built in 2010 sited along Ballard’s Seaview Lane with 51 feet of waterfront. Listed at $2,975,000 and sold for $2,945,000. The lowest sale was an AS-IS 1926 cabin located on 29 feet of Beach Drive waterfront in West Seattle sold at list price for $658,000.
Seattle’s waterfront homes are sited on either west shore of Lake Washington to the east or Puget Sound (saltwater) to the west.

Click the links below to see the full report for each area.

2015-Q1 Mercer Island

2015-Q1 Seattle

2015-Q1 Lk-Samm

2015-Q1 Eastside

2014 YEAR END Waterfront Activity Report

2014 YEAR END Waterfront Activity Report

The Seattle, Mercer Island, Lake Sammamish and Eastside private waterfront homes had a banner year in 2014. Each area experienced it’s own micro market, but as a whole, waterfront did quite well last year. Check out the details and view the private waterfront sales on major bodies of water in the greater Seattle-Eastside area in 2014.

Click the link below to see the full report.

2014 YEAR END Waterfront Report

© Copyright 2015, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.

3rd Quarter 2014 Waterfront Real Estate Activity Report for Seattle, Eastside, Mercer Island and Lake Sammamish

3rd Quarter 2014 Waterfront Real Estate Activity Report for Seattle, Eastside, Mercer Island and Lake Sammamish

The 3rd quarter of 2014 was good for Seattle area waterfront with average prices up in nearly all markets. Lake Sammamish, with a severe shortage of available inventory, leads the pack with an 18% increase in the average sales price compared to the same quarter last year. The Eastside followed closely behind at 13% over Q3-2013, followed by Seattle at 5% and Mercer Island holding steady with no increase over last year.

Click the links below to see the full report for each area.

2014-Q3 MI2014-Q3 Seattle

 

 

 

 

 

 

 

 

2014-Q3 Lk-Samm2014-Q3 Eastside

2nd Quarter 2014 Waterfront Real Estate Activity Report for Seattle, Eastside, Mercer Island and Lake Sammamish

2nd Quarter 2014 Waterfront Real Estate Activity Report for Seattle, Eastside, Mercer Island and Lake Sammamish

The 2nd quarter of 2014 was very favorable to Eastside and Lake Sammamish area waterfront while Mercer Island and Seattle struggled with fewer sales and softening prices. Lake Sammamish had fewer homes for sale this quarter which lowered its sales volume while increasing prices. The Eastside enjoyed steady price growth this quarter.

Click the links below to see the full report for each area.

2014-Q2 MI2014-Q2 Seattle

 

 

 

 

 

 

 

 

2014-Q2 Lk-Samm2014-Q2 Eastside

1st Quarter 2014 Waterfront Real Estate Activity Report for Seattle, Eastside, Mercer Island and Lake Sammamish

The 1st quarter of 2014 began with its typical seasonally fewer number of waterfront homes listed for sale. The Eastside market has shown some early strength. Lake Sammamish had a total of only 8 homes listed for sale in March (7 in January and 6 in February), a time when waterfront listings often begin flowing onto the market. For comparison, March of 2013 offered 15 Lake Sammamish waterfront listings to choose from. This could turn out to be an interesting year for the lake!

Click the links below to see the full report for each area.

2014-Q1 MI2014-Q1 Seattle

 

 

 

 

 

 

 

 

2014-Q1 Lk-Samm2014-Q1 Eastside