Driven by a continued strong seller’s market, the Eastside’s Median Sale Price was up 15.2% over Q1 2016.
Appreciation on the Eastside soared ahead of that in Seattle—a rare occurrence given Seattle’s red hot market and the Eastside’s higher price point. Leading the charge was the South Bellevue-Issaquah corridor at 24.5%, followed by the Redmond-Carnation area at 21.6% over Q1 of 2016. Previously housing some of the Eastside’s larger lots and more affordable homes, these sought-after neighborhoods, coupled with the Woodinville region, have definitely grown up and brought their land values along for the ride.
The Median Sale Price change Q1 2016 to Q1 2017 breakdown is as follows: Eastside South of I-90 (24.5%), Mercer Island (1.6%), West Bellevue (17.2%), East Bellevue (9.7%), East Lake Sammamish (18.9%), Redmond (21.6%), Kirkland (4.7%), and Juanita-Woodinville (13.2%).
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© Copyright 2017, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.