Review of Q3 2015 Eastside Home Sales
One can’t help but notice all of the cranes in the sky bringing new development to the Eastside. And with new buildings comes a growing need for residents seeking to live close to their work and recreation hubs. The Eastside’s transformation has been felt on nearly every level and is driving prices, and traffic, to all new highs. The combo package of road congestion and a bulging Eastside job epicenter will continue to bring more residents into the region that previously may have opted for a Seattle address.
"The median residential home sale price increased 11.1% over Q3 ‘14 across the Woodinville-Bellevue region that represents the Eastside. Price gains were not equal throughout this very diverse region however. Kirkland had the strongest year-over-year gain with a 17.6% increase in median sale price, followed by West Bellevue at 15.2%, and Mercer Island at 12.9%."
With an average sale price of $1.8 million, the priciest neighborhood on the Eastside continues to be West Bellevue (which is comprised of Hunts Point, Medina and the region of Bellevue lying West of I-405) followed by Mercer Island at $1.2 million. The most affordable homes on the Eastside are found in north King County in the Juanita-Woodinville area with an average sale price of $535,000.
Click here for the full report and to see how prices fared in your neighborhood!
© Copyright 2015, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.