Mount Baker-Beacon Hill led the charge in Q2 with a Median Sale Price 23.5% higher than Q2 of last year. West Seattle and North Seattle fared very well also with prices up 17.5% and 15.1% over the same time.
Overall the Median Sale Price change for Q2 2016 to Q2 2017 stacks up as follows: West Seattle (17.5%), Mount Baker-Beacon Hill (23.5%), Madison Park-Capitol Hill (7.5%), Queen Anne-Magnolia (0.5%), Ballard-Greenlake (13.5%), North Seattle (15.1%), Richmond Beach-Shoreline (14.7%), and Lake Forest Park-Kenmore (14.5%).
Seattle’s overall Median Sale Price was $720,000—up 13.8% over Q2 2016.
Mercer Island Report
The Median Sale Price on Mercer Island increased 20.4% (to $1,590,000) over Q2 of 2016. Buyers continued to fiercely compete for the few homes for sale below $2 million.
The Average Cost Per Square Foot was $539, up from $478 in Q2 2016.
The highest sale at $8,000,000 was an eastside waterfront home built in 2012 with 6,338 square feet on 1.04 acres and sited with 150 feet on medium-bank waterfront. The lowest sale was a north end 1700 square foot 1982-built home on a tiny 0.06-acre lot listed at $775,000 and sold for $842,000.
Appreciation on the Eastside once again outpaced Seattle—a 17.3% increase in the Median Sale Price since Q2 2016 compared to Seattle’s 13.8%.
The East Bellevue region was up 24.8%, followed by Mercer Island and East of Lake Sammamish at 20.4% and 19.9% over Q2 of last year.
The Median Sale Price change Q2 2016 to Q2 2017 breakdown is as follows: Eastside South of I-90 (15.0%), Mercer Island (20.4%), West Bellevue (15.2%), East Bellevue (24.8%), East Lake Sammamish (19.9%), Redmond (18.9%), Kirkland (16.3%), and Juanita-Woodinville (12.0%).
The Eastside’s overall Median Sale Price was $880,000—up 17.3% over Q2 2016.