Appreciation in Seattle outpaced that of the Eastside—a 16.3% increase in the median sale price since Q3 2016 compared to the Eastside’s 13.8%.
Median sale prices were up Q3 to Q3 as follows: Richmond Beach-Shoreline (29.6%), Mount Baker-Beacon Hill (20.6%, ), North Seattle (18.2%), West Seattle (14.3%), Lake Forest Park-Kenmore (14.1%), Ballard-Greenlake (14.0%), Madison Park-Capitol Hill (11.4%), and Queen Anne-Magnolia (1.5%).
Seattle’s overall median sale price was $715,000—up 16.3% over Q3 2016.
Mercer Island Report
The median sale price on Mercer Island increased 13.6% (to $1,460,000) over Q3 of 2016. Time will tell whether recently imposed building restrictions—making the island one of the most restrictive cities in the region to build or remodel—will have an impact on home values.
The highest sale ($5,500,000) was a south end waterfront home built in 2017 with 4.536 square feet on 0.25 acres and sited with 75 feet on low-bank waterfront. The lowest sale was a mid-island 1460 square foot 1954-built home on Island Crest Way listed at $875,000 and sold for $780,000.
Bellevue-West of 405 outpaced the pack in Q3 with a median sale price 24.6% higher than Q3 of last year. Bellevue-East of 405 and Kirkland-Bridle Trails fared very well also with prices up 19.7% and 18.5% over the same time.
The median sale price change Q3 2016 to Q3 2017 breakdown is as follows: West Bellevue (24.6%), East Bellevue (19.7%), Eastside South of I-90 (18.4%), Redmond (16.8%), Kirkland (18.5%), Juanita-Woodinville (13.9%), Mercer Island (13.6%), and East Lake Sammamish (7.0%).
The Eastside’s overall median sale price was $860,000—up 13.8% over Q3 2016.