Eastside market review fourth quarter 2014 gene mylo

Eastside Market Review

Q4 Eastside real estate statistics for the fourth quarter of 2014

2 3

2014 Q4 OV ERV IE W

• Bellevue:

• Bellevue / East of I-405 ....................................................... 4

• Bellevue / West of I-405 ..................................................... 6

• Eastside / South of I-90 ...................................................... 8

• East of Lake Sammamish / Issaquah ..............................10

• Kirkland / Bridle Trails ...............................................................12

• Mercer Island ...................................................................................14

• Redmond / Carnation ................................................................16

• Woodinville / Juanita / Duvall .............................................18

T he local real estate market was caught up in a holiday buying spree in

December, with demand, home prices and sales all on the rise. Inventory is

the one factor that needs a boost.

· It was the busiest 4th quarter for closed sales since 2006.

· Prices continued to climb over last year, with a number of areas reaching all-time highs.

· Supply of inventory was at its lowest point in more than a decade.

Inventory on the Eastside continues to tighten, with a little over one month

supply in the pipeline. Strong demand and weak supply helped boost the

median home price 16.2 percent over the same time last year to $639,350.

Several Eastside regions hit all-time highs, including Mercer Island, Redmond,

Kirkland and the area of Bellevue west of I-5. The increase in rent prices

on the Eastside is outpacing even home price increases, prompting some

experts to predict more first-time buyers opting to buy homes this year. [ click on area to jump to that page ]

2 3

2014 Q4 OV ERV IE W

• Bellevue:

• Bellevue / East of I-405 ....................................................... 4

• Bellevue / West of I-405 ..................................................... 6

• Eastside / South of I-90 ...................................................... 8

• East of Lake Sammamish / Issaquah ..............................10

• Kirkland / Bridle Trails ...............................................................12

• Mercer Island ...................................................................................14

• Redmond / Carnation ................................................................16

• Woodinville / Juanita / Duvall .............................................18

T he local real estate market was caught up in a holiday buying spree in

December, with demand, home prices and sales all on the rise. Inventory is

the one factor that needs a boost.

· It was the busiest 4th quarter for closed sales since 2006.

· Prices continued to climb over last year, with a number of areas reaching all-time highs.

· Supply of inventory was at its lowest point in more than a decade.

Inventory on the Eastside continues to tighten, with a little over one month

supply in the pipeline. Strong demand and weak supply helped boost the

median home price 16.2 percent over the same time last year to $639,350.

Several Eastside regions hit all-time highs, including Mercer Island, Redmond,

Kirkland and the area of Bellevue west of I-5. The increase in rent prices

on the Eastside is outpacing even home price increases, prompting some

experts to predict more first-time buyers opting to buy homes this year. [ click on area to jump to that page ]

4 5Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

2014 Q4

Lake Sammamish3000 W Lake Sammamish Pkwy NE

$849,8753 Bed / 2.5 Bath / 2,720 SQ FT

MLS #: 728642

Lot Size: 0.3 acres

Year Built: 1988

Style: Tri-Level

Views: Lake, Territorial

School District: Lake Washington

Median Closed Sales Price > DECEMBER

Closed Sales > 4TH QUARTERMonths’ Supply of Inventory > DECEMBER

less than 4 months = seller’s market

4 -6 months = balanced market

more than 6 months = buyer’s market

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

2013 2014 10 year average

$459,950

$550,000$526,450

$490,000

$450,000 $437,500 $450,000$480,000

$510,000

$581,250

+20% -4% -7% -8% -3% +3% +7% +6% +14%

0.7 0.8

3.3

4th Qtr 2013

4th Qtr 2014

10 year average

-5%

184 175 162

All figures are based on single family home sales, which include townhomes and exclude condos.

Bellevue / East of I-405

Higher Price Listing (75th percentile)

Microsoft Area2a208 180th Place NE

$493,0003 Bed / 2.25 Bath / 1,790 SQFT

Sold Date: 11/19/2014

Lot Size: 0.26 acres

Year Built: 1978

Style: 1 Story

Views: none

School District: Bellevue

Lower Price Listing (25th percentile)

Woodridge13140 SE 26th Street

$628,0003 Bed / 2.5 Bath / 1,730 SQ FT

MLS #: 709535

Lot Size: 2,631 sq ft

Year Built: 2001

Style: 2 Story

Views: none


Median Price Listing

http://www.windermere.com/search#!/mlsnum:728642


http://www.windermere.com/listing/WA/Redmond/2208-180th-Place-NE-98052/28235667


2014 Q4

Lake Sammamish3000 W Lake Sammamish Pkwy NE

$849,8753 Bed / 2.5 Bath / 2,720 SQ FT

MLS #: 728642

Lot Size: 0.3 acres

Year Built: 1988

Style: Tri-Level








2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$459,950

$550,000$526,450

$490,000

$450,000 $437,500 $450,000$480,000

$510,000

$581,250

+20% -4% -7% -8% -3% +3% +7% +6% +14%

0.7 0.8

3.3

4th Qtr 2013

4th Qtr 2014

10 year average

-5%

184 175 162


Bellevue / East of I-405


Microsoft Area2a208 180th Place NE

$493,0003 Bed / 2.25 Bath / 1,790 SQFT

Sold Date: 11/19/2014


Year Built: 1978

Style: 1 Story

Views: none



Woodridge13140 SE 26th Street

$628,0003 Bed / 2.5 Bath / 1,730 SQ FT

MLS #: 709535


Year Built: 2001

Style: 2 Story

Views: none





http://www.windermere.com/listing/WA/Redmond/2208-180th-Place-NE-98052/28235667


2014 Q4


Bellevue / West of I-405

West Bellevue9505 NE 5th Street

$3,988,0004 Bed / 5.25 Bath / 7,040 SQFT

MLS #: 702401


Year Built: 1993

Style: 2 Stories w/Bsmnt

Views: Lake, Mountain



Enatai2118 108th Avenue SE

$1,895,0004 Bed / 4,324 SQFT

MLS #: 609228


Year Built: 2015

Style: 2 Story

Views: Territorial



Clyde Hill9844 NE 22nd Street

$2,395,0005 Bed / 4.0 Bath / 4,129 SQFT

MLS #: 728822


Year Built: 2015

Style: 2 Story

Views: none








2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$1,055,000

$1,195,000

$998,000

$895,000

$675,000

$890,000

$805,000

$1,035,000

$1,300,000

$1,413,593

+13% -17% -10% -25% +32% -10% +29% +26% +9%

1.91.5

7.2

4th Qtr 2013

4th Qtr 2014

10 year average

+5%

92 97 79





2014 Q4


Bellevue / West of I-405

West Bellevue9505 NE 5th Street

$3,988,0004 Bed / 5.25 Bath / 7,040 SQFT

MLS #: 702401


Year Built: 1993


Views: Lake, Mountain



Enatai2118 108th Avenue SE

$1,895,0004 Bed / 4,324 SQFT

MLS #: 609228


Year Built: 2015

Style: 2 Story

Views: Territorial



Clyde Hill9844 NE 22nd Street

$2,395,0005 Bed / 4.0 Bath / 4,129 SQFT

MLS #: 728822


Year Built: 2015

Style: 2 Story

Views: none








2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$1,055,000

$1,195,000

$998,000

$895,000

$675,000

$890,000

$805,000

$1,035,000

$1,300,000

$1,413,593

+13% -17% -10% -25% +32% -10% +29% +26% +9%

1.91.5

7.2

4th Qtr 2013

4th Qtr 2014

10 year average

+5%

92 97 79




8 9

Eastside / South of I-90

Newcastle14327 SE 88th Place

$1,096,5005 Bed / 2.75 Bath / 4,010 SQFT

Sold Date: 11/18/2014


Year Built: 2003

Style: 2 Story

Views: Mountain, Territorial

School District: Issaquah


Issaquah20609 SE 119th Street

$629,9005 Bed / 3.25 Bath / 3,770 SQFT

MLS #: 678207


Year Built: 1970

Style: 1 Story W/Bsmnt.

Views: Mountain



Lakemont5633 165th Place SE

$796,5005 Bed / 4.0 Bath / 4,129 SQFT

Sold Date: 12/01/2014


Year Built: 1993

Style: 2 Story

Views: none



Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

2014 Q4







2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$616,000 $620,000 $620,000$652,500

$574,500 $560,000

$512,500

$593,975

$552,500

$710,900

+1% 0% +5% -12% -3% -9% +16% -7% +29%

1.51.2

4.7

4th Qtr 2013

4th Qtr 2014

10 year average

+5%

262 274

208


http://www.windermere.com/listing/WA/Bellevue/5633-165th-Place-SE-98006/29530072

http://www.windermere.com/listing/WA/Newcastle/14327-SE-88th-Place-98059/29700352

8 9

Eastside / South of I-90

Newcastle14327 SE 88th Place

$1,096,5005 Bed / 2.75 Bath / 4,010 SQFT

Sold Date: 11/18/2014


Year Built: 2003

Style: 2 Story




Issaquah20609 SE 119th Street

$629,9005 Bed / 3.25 Bath / 3,770 SQFT

MLS #: 678207


Year Built: 1970


Views: Mountain



Lakemont5633 165th Place SE

$796,5005 Bed / 4.0 Bath / 4,129 SQFT

Sold Date: 12/01/2014


Year Built: 1993

Style: 2 Story

Views: none




2014 Q4







2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$616,000 $620,000 $620,000$652,500

$574,500 $560,000

$512,500

$593,975

$552,500

$710,900

+1% 0% +5% -12% -3% -9% +16% -7% +29%

1.51.2

4.7

4th Qtr 2013

4th Qtr 2014

10 year average

+5%

262 274

208


http://www.windermere.com/listing/WA/Bellevue/5633-165th-Place-SE-98006/29530072

http://www.windermere.com/listing/WA/Newcastle/14327-SE-88th-Place-98059/29700352

10 11

East of Lake Sammamish / Issaquah

Sammamish13671 NE 15th Place

$895,9504 Bed / 2.75 Bath / 3,298 SQFT

MLS #: 727794


Year Built: 2014

Style: 2 Story

Views: Territorial



Fall City3342133429 SE Redmond-Fall City Road

$499,9002 Bed / 1.5 Bath

MLS #: 699233


Year Built: 1906

Style: 1 1/2 Story

Views: River

School District: Svs


Trossachs1565 267th Place SE

$715,0004 Bed / 2.75 Bath / 2,927 SQFT

MLS #: 729239


Year Built: 1998

Style: 2 Story

Views: Territorial




2014 Q4







2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$520,000$558,300 $565,000

$550,000 $532,500

$491,450

$448,500

$488,695

$535,265

$632,000

+7% +1% -3% -3% -8% -9% +9% +10% +18%

1.61.4

3.9

4th Qtr 2013

4th Qtr 2014

10 year average

-5%

521494

426


http://www.windermere.com/search#!/location_search_field:729239/mls_number:729239/company_uuid:1234567


10 11

East of Lake Sammamish / Issaquah

Sammamish13671 NE 15th Place

$895,9504 Bed / 2.75 Bath / 3,298 SQFT

MLS #: 727794


Year Built: 2014

Style: 2 Story

Views: Territorial



Fall City3342133429 SE Redmond-Fall City Road

$499,9002 Bed / 1.5 Bath

MLS #: 699233


Year Built: 1906

Style: 1 1/2 Story

Views: River



Trossachs1565 267th Place SE

$715,0004 Bed / 2.75 Bath / 2,927 SQFT

MLS #: 729239


Year Built: 1998

Style: 2 Story

Views: Territorial




2014 Q4







2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$520,000$558,300 $565,000

$550,000 $532,500

$491,450

$448,500

$488,695

$535,265

$632,000

+7% +1% -3% -3% -8% -9% +9% +10% +18%

1.61.4

3.9

4th Qtr 2013

4th Qtr 2014

10 year average

-5%

521494

426


http://www.windermere.com/search#!/location_search_field:729239/mls_number:729239/company_uuid:1234567


12 13

Kirkland / Bridle Trails

East of Market15 21st Place

$1,195,0004 Bed / 3.25 Bath / 3,160 SQFT

MLS #: 685786

Lot Size: 8000 sq ft

Year Built: 2014

Style: 2 Story

Views: none



North Rose Hill13228 NE 80th Street

$690,0004 Bed / 2.75 Bath / 2,390 SQFT

Sold Date: 12/04/2014


Year Built: 1995

Style: 1 Story

Views: none



Rose Hill8746 126th Ave NE L-3

$919,9504 Bed / 3.75 Bath / 3,480 SQFT

MLS #: 722261


Year Built: 2014


Views: none




2014 Q4







2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$515,000

$729,500 $734,975 $729,500

$575,000$600,000

$550,000

$650,000

$714,500 $722,500

+42% +1% -1% -21% +4% -8% +18% +10% +1%

2.1

0.9

5.7

4th Qtr 2013

4th Qtr 2014

10 year average

-11%

189169 155

http://www.windermere.com/listing/WA/Redmond/13228-NE-80th-St-98052/29579907



12 13

Kirkland / Bridle Trails

East of Market15 21st Place

$1,195,0004 Bed / 3.25 Bath / 3,160 SQFT

MLS #: 685786


Year Built: 2014

Style: 2 Story

Views: none



North Rose Hill13228 NE 80th Street

$690,0004 Bed / 2.75 Bath / 2,390 SQFT

Sold Date: 12/04/2014


Year Built: 1995

Style: 1 Story

Views: none



Rose Hill8746 126th Ave NE L-3

$919,9504 Bed / 3.75 Bath / 3,480 SQFT

MLS #: 722261


Year Built: 2014


Views: none




2014 Q4







2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$515,000

$729,500 $734,975 $729,500

$575,000$600,000

$550,000

$650,000

$714,500 $722,500

+42% +1% -1% -21% +4% -8% +18% +10% +1%

2.1

0.9

5.7

4th Qtr 2013

4th Qtr 2014

10 year average

-11%

189169 155

http://www.windermere.com/listing/WA/Redmond/13228-NE-80th-St-98052/29579907



14 15

Mercer Island

Mercer Island4134 100th Ave SE

$3,100,0003 Bed / 3.0 Bath / 3,920 SQFT

Sold Date: 08/29/2014

Lot Size: 0.3 acres

Year Built: 1996

Style: 2 Story


School District: Mercer Island


Westside7256 West Mercer Way

$1,250,0004 Bed / 2.5 Bath / 3,770 SQFT

MLS #: 713708


Year Built: 1981

Style: 2 Story

Views: none



South End7449 West Mercer Way

$1,649,0005 Bed / 3.25 Bath / 3,950 SQFT

MLS #: 698668


Year Built: 1973

Style: 2 Stories W/Bsmnt

Views: City, Lake, Mountain




2014 Q4







2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$925,000

$1,100,000 $1,096,250

$1,005,000

$785,000

$876,000

$995,000

$893,500$950,000

$1,151,250

+19% -0.3% -8% -22% +12% +14% -10% +6% +21%

2.01.9

4.0

4th Qtr 2013

4th Qtr 2014

10 year average

-10%

72 65 63



http://www.windermere.com/listing/WA/Mercer-Island/4134-100th-Ave-SE-98040/23122848

14 15

Mercer Island

Mercer Island4134 100th Ave SE

$3,100,0003 Bed / 3.0 Bath / 3,920 SQFT

Sold Date: 08/29/2014

Lot Size: 0.3 acres

Year Built: 1996

Style: 2 Story




Westside7256 West Mercer Way

$1,250,0004 Bed / 2.5 Bath / 3,770 SQFT

MLS #: 713708


Year Built: 1981

Style: 2 Story

Views: none



South End7449 West Mercer Way

$1,649,0005 Bed / 3.25 Bath / 3,950 SQFT

MLS #: 698668


Year Built: 1973

Style: 2 Stories W/Bsmnt

Views: City, Lake, Mountain




2014 Q4







2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$925,000

$1,100,000 $1,096,250

$1,005,000

$785,000

$876,000

$995,000

$893,500$950,000

$1,151,250

+19% -0.3% -8% -22% +12% +14% -10% +6% +21%

2.01.9

4.0

4th Qtr 2013

4th Qtr 2014

10 year average

-10%

72 65 63



http://www.windermere.com/listing/WA/Mercer-Island/4134-100th-Ave-SE-98040/23122848

16 17

Redmond / Carnation

Education Hill15965 NE 117th Street

$972,9904 Bed / 3.5 Bath / 3,598 SQFT

MLS #: 727978


Year Built: 2014

Style: 2 Story

Views: Territorial



Ames Lake3213 E Ames Lake Drive NE

$474,9502 Bed / 2.5 Bath / 1,980 SQFT

MLS #: 721139


Year Built: 1966

Style: 1 1/2 Story w/Basement

Views: Lake



Carnation6341 284th Way NE

$699,0004 Bed / 2.5 Bath / 3,130 SQFT

MLS #: 703643


Year Built: 1996

Style: 2 Story

Views: none

School District: Riverview



2014 Q4







2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$494,000

$699,990

$510,500 $500,000$460,000

$520,000 $520,000 $534,029$563,950

$695,500

+42% -27% -2% -8% +13% 0% +3% +6% +23%

1.81.4

4.2

4th Qtr 2013

4th Qtr 2014

10 year average

+17%

191223

175




16 17

Redmond / Carnation

Education Hill15965 NE 117th Street

$972,9904 Bed / 3.5 Bath / 3,598 SQFT

MLS #: 727978


Year Built: 2014

Style: 2 Story

Views: Territorial



Ames Lake3213 E Ames Lake Drive NE

$474,9502 Bed / 2.5 Bath / 1,980 SQFT

MLS #: 721139


Year Built: 1966

Style: 1 1/2 Story w/Basement

Views: Lake



Carnation6341 284th Way NE

$699,0004 Bed / 2.5 Bath / 3,130 SQFT

MLS #: 703643


Year Built: 1996

Style: 2 Story

Views: none




2014 Q4







2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$494,000

$699,990

$510,500 $500,000$460,000

$520,000 $520,000 $534,029$563,950

$695,500

+42% -27% -2% -8% +13% 0% +3% +6% +23%

1.81.4

4.2

4th Qtr 2013

4th Qtr 2014

10 year average

+17%

191223

175




18 19

Woodinville / Juanita / Duvall

Trilogy13691 Morgan Drive NE

$825,0002 Bed / 3.5 Bath / 2,800 SQFT

MLS #: 702272


Year Built: 2007

Style: 1 Story

Views: Territorial



Kenmore7205 NE 158th Street

$429,0005 Bed / 2.75 Bath / 2,700 SQFT

MLS #: 721219


Year Built: 1963


Views: none

School District: Northshore


Finn Hill12519 89th Court NE

$640,0004 Bed / 2.75 Bath / 2,950 SQFT

MLS #: 685677


Year Built: 1975

Style: Split Entry





2014 Q4







2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$417,307

$458,250

$526,500

$401,750$416,725

$435,000

$339,950

$424,952

$474,000 $473,000

+10% +15% -24% +4% +4% -22% +25% +12% 0%

1.21.4

4.3

4th Qtr 2013

4th Qtr 2014

10 year average

-8%

448413

348




18 19

Woodinville / Juanita / Duvall

Trilogy13691 Morgan Drive NE

$825,0002 Bed / 3.5 Bath / 2,800 SQFT

MLS #: 702272


Year Built: 2007

Style: 1 Story

Views: Territorial



Kenmore7205 NE 158th Street

$429,0005 Bed / 2.75 Bath / 2,700 SQFT

MLS #: 721219


Year Built: 1963


Views: none

School District: Northshore


Finn Hill12519 89th Court NE

$640,0004 Bed / 2.75 Bath / 2,950 SQFT

MLS #: 685677


Year Built: 1975

Style: Split Entry





2014 Q4







2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


$417,307

$458,250

$526,500

$401,750$416,725

$435,000

$339,950

$424,952

$474,000 $473,000

+10% +15% -24% +4% +4% -22% +25% +12% 0%

1.21.4

4.3

4th Qtr 2013

4th Qtr 2014

10 year average

-8%

448413

348




Market Share by Company by number of transactions in 2014

windermere.com

Bellevue, Bothell, Duvall, Issaquah, Kenmore, Kirkland, Mercer Island, Newcastle, North Bend, Redmond, Sammamish, Snoqualmie, Woodinville and surrounding neighborhoods.

Windermere

John L. Scott

Coldwell Banker

RE/MAX

Keller Williams

No other company represents 2% or more of both buyers and sellers.

5% 10% 15% 20% 25% 30% 35%

30%22%

14%13%

12%11%

7%7%

4%5%

Representing Sellers Representing Buyers

Gene & Mylo Adams (425) 531-1919 / (206) [email protected] / [email protected]

http://www.windermere.com

http://www.windermere.com

Documents

Eastside market review fourth quarter 2014 gene mylo