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3RD QUARTER 2015 MARKET REPORT

LUXURY RESIDENTIAL REPORT FOCUSING ON $1 MILLION & ABOVE IN KING COUNTY

Downtown | 10138 Main Street | Bellevue, WA 98004 | Eastside | 15600 NE 8th Street, K8 | Bellevue, WA 98008 www.brazensir.com | Info@brazensir.com | Downtown 425.454.4141 | Eastside 425.746.1200


The news this quarter is positive our market is happening! Strong Asian buyers and tech new hires want to buy our real estate. This is why we are Reigning Real Estate in Bellevue & Seattle! At Brazen Sotheby’s International Realty, we pride ourselves with having amazing marketing, strong relationships, family values and full representation by our experienced brokers. When a new property comes on the market, it deserves attention and interest quickly. We have the marketing tools and experience to get the exposure each property needs to be succeesful. Please review the information enclosed. If you want more detailed information, please visit our website at LuxuryResidentialReport.com. If you would prefer a printed hard copy, please request one by emailing info@brazensir.com. On October 12, 2015 Brazen Sotheby’s International Realty was selected to be the newest member of LuxuryRealEstate.com and we are proud to announce we have accepted our invitation to be part of the “Who’s Who of Luxury Real Estate”. This world wide elite group has 513 member brokerages who share referrals and local information to the world class buyers alike. Joseph Brazen, Owner/CEO


ALL DATA AS IS FOR SINGLE FAMILY HOMES (SFH) OVER $1MILLION IN ALL OF KING COUNTY UNLESS SPECIFIED WATERFRONT

$13,800,000

MOST EXPENSIVE HOME SOLD IN 2015

SFH WATERFRONT UNITS SOLD

YTD Q3 2015

201

YTD Q3 2014

SINGLE FAMILY HOME AVERAGE SOLD PRICE

SFH WATERFRONT PRICE PER SQ FOOT

$602.7

SFH WATERFRONT PRICE PER SQ FOOT

$626.8

$1,613,500 SINGLE FAMILY HOME UNITS SOLD

SINGLE FAMILY HOME AVERAGE PRICE PER SQ FOOT

$394.9

1,811 1,323 PERCENTAGE INCREASE IN SFH WATERFRONT UNITS SOLD BETWEEN YTD Q3 2014 AND Q3 2015

$416.3 s

SFH WATERFRONT AVERAGE DAYS ON MARKET

92

+11% 68

SFH WATERFRONT AVERAGE DAYS ON MARKET

s

SINGLE FAMILY HOME AVERAGE PRICE PER SQ FOOT


WATERFRONT REPORT SINGLE FAMILY HOMES, $1 MILLION+

WEST BELLEVUE Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units EAST BELLEVUE Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

YTD Q3 2014

YTD Q3 2015

% CHANGE

25 $123,328,000 $4,933,100 $4,000,000 125 93.0% $1,008 15

15 $77,273,000 $5,151,500 $5,493,000 121 95.8% $981 16

-40.0% -37.3% 4.4% 37.3% -3.2% 3.0% -2.6% 6.7%

20 $40,949,000 $2,047,500 $1,647,000 65 97.3% $522 6

21 $47,388,000 $2,256,600 $2,265,000 33 95.4% $601 6

5.0% 15.7% 10.2% 37.5% -49.2% -2.0% 15.0% 0.0%

Enatai

Bellevue

Sold 7/7/15 $6,400,000

Sold 9/2/15 $6,700,000

MARKET REPORT

For more detailed 3Q information go to luxuryresidentialreport.com

Third Quarter 2015 Market Report | BRAZENSIR.COM Based on Information from the Northwest Multiple Listing Service. Compiled by Brazen Sotheby’s International Realty. Northwest Multiple Listing Service does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires BSIR’s written consent. Copyright 2015 Brazen Sotheby’s International Realty.


WATERFRONT REPORT

SINGLE FAMILY HOMES, $1 MILLION+

YTD Q3 2014

YTD Q3 2015

% CHANGE

33 $60,474,000 $1,832,500 $1,625,000 106 96.7% $492 36

43 $88,368,000 $2,055,100 $1,705,000 53 97.9% $655 17

30.3% 46.1% 12.1% 4.9% -50.0% 1.2% 33.0% -52.8%

KIRKLAND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

11 $31,042,000 $2,822,000 $2,545,000 60 90.8% $940 8

13 $27,260,000 $2,096,900 $2,050,000 45 95.9% $685 13

18.2% -12.2% -25.7% -19.4% -25.0% 5.6% -27.1% 62.5%

MERCER ISLAND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

32 $100,120,000 $3,128,800 $2,750,000 91 95.4% $679 29

32 $100,890,000 $3,152,800 $2,800,000 121 92.6% $688 22

0.0% 0.8% 0.8% 1.8% 33.0% -2.9% 1.3% -24.1%

SEATTLE Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

$688 Average Price Per SQFT, Q3 2015, Mercer Island

For more detailed 3Q information go to luxuryresidentialreport.com

Yarrow Point

MARKET REPORT

Sold 8/19/15 $6,590,000

Third Quarter 2015 Market Report | BRAZENSIR.COM Based on Information from the Northwest Multiple Listing Service. Compiled by Brazen Sotheby’s International Realty. Northwest Multiple Listing Service does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires BSIR’s written consent. Copyright 2015 Brazen Sotheby’s International Realty.


BELLEVUE REPORT SINGLE FAMILY HOMES, $1 MILLION+

WEST BELLEVUE Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

EAST BELLEVUE Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

YTD Q3 2014

YTD Q3 2015

% CHANGE

194 $437,195,000 $2,253,600 $1,786,000 44 96.7% $572 82

246 $572,224,000 $2,326,100 $1,942,000 41 98.1% $574 76

26.8% 30.9% 3.2% 8.7% -6.8% 1.4% 0.4% -7.3%

46 $72,604,000 $1,578,300 $1,247,000 56 98.2% $399 15

61 $96,833,000 $1,587,400 $1,325,000 40 97.3% $441 20

32.6% 33.4% 0.6% 6.3% -28.6% -0.9% 10.6% 33.3%

246 Number of sales in Q3, 2015, West Bellevue

Bellevue Sold 7/7/15 $2,638,000

West Bellevue Sold 8/22/15 $3,700,000

For more detailed 3Q information go to luxuryresidentialreport.com

West Bellevue Sold 9/30/15 $3,750,000

MARKET REPORT

Third Quarter 2015 Market Report | BRAZENSIR.COM Based on Information from the Northwest Multiple Listing Service. Compiled by Brazen Sotheby’s International Realty. Northwest Multiple Listing Service does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires BSIR’s written consent. Copyright 2015 Brazen Sotheby’s International Realty.


POINTS REPORT

SINGLE FAMILY HOMES, $1 MILLION+

YTD Q3 2014

YTD Q3 2015

% CHANGE

40 $115,780,000 $2,894,500 $2,273,000 61 96.8% $699 15

40 $99,198,000 $2,480,000 $2,123,000 45 98.0% $639 9

0.0% -14.3% -14.3% -6.6% -26.2% 1.2% -8.6% -40.0%

CLYDE HILL Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

28 $55,158,000 $1,969,900 $1,752,000 20 98.4% $493 9

46 $111,724,000 $2,428,800 $1,958,000 51 98.0% $553 16

64.3% 102.6% 23.3% 11.8% 155.0% -0.4% 12.2% 77.8%

YARROW POINT Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

11 $31,878,000 $2,898,000 $1,895,000 50 96.2% $616 10

17 $52,582,000 $3,093,100 $2,998,000 74 96.8% $668 5

54.5% 64.9% 6.7% 58.2% 48.0% 0.6% 8.4% -50.0%

HUNTS POINT Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

5 $34,150,000 $6,830,000 $7,100,000 157 90.4% $1,416 4

9 $33,068,000 $3,679,200 $2,500,000 56 97.3% $917 7

80.0% -3.2% -46.2% -64.8% -64.3% 7.6% -35.2% 75.0%

MEDINA Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

Medina Sold 9/25/15 $3,800,000

Clyde Hill Sold 7/31/15 $4,250,000

Yarrow Point Sold 7/21/15 $4,920,000

MARKET REPORT

Third Quarter 2015 Market Report | BRAZENSIR.COM Based on Information from the Northwest Multiple Listing Service. Compiled by Brazen Sotheby’s International Realty. Northwest Multiple Listing Service does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires BSIR’s written consent. Copyright 2015 Brazen Sotheby’s International Realty.


SEATTLE REPORT SINGLE FAMILY HOMES, $1 MILLION+

YTD Q3 2014

YTD Q3 2015

37 $45,387,000 $1,226,700 $1,150,000 60 95.9% $358 27

53 $68,829,000 $1,298,700 $1,180,000 44 99.2% $393 18

43.2% 51.6% 5.9% 2.6% -26.7% 3.4% 9.6% -33.3%

SOUTHEAST SEATTLE (AREA 380) Number of Sales 28 Total Dollar Volume $43,038,000 Average Sale Price $1,537,100 Median Sale Price $1,440,000 Average Days on Market 54 Sold / List Price % 97.1% Average Price Per SQFT $337 Current Inventory in Units 20

32 $48,055,000 $1,501,700 $1,285,000 45 98.1% $388 10

14.3% 11.7% -2.3% -10.8% -16.7% 1.0% 15.2% -50.0%

CENTRAL SEATTLE (AREA 390) Number of Sales 134 Total Dollar Volume $234,190,000 Average Sale Price $1,747,700 Median Sale Price $1,504,000 Average Days on Market 53 Sold / List Price % 98.4% Average Price Per SQFT $439 Current Inventory in Units 63

185 $303,074,000 $1,638,200 $1,457,000 35 101.1% $478 48

38.1% 29.4% -6.3% -3.1% -34.0% 2.7% 9.0% -23.8%

WEST SEATTLE (AREA 140) Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

% CHANGE

Washington Park Sold 9/17/15 $2,267,500

Seattle Sold 8/10/15 $2,800,000

MARKET REPORT

Leschi Sold 8/13/15 $2,500,000

Third Quarter 2015 Market Report | BRAZENSIR.COM Based on Information from the Northwest Multiple Listing Service. Compiled by Brazen Sotheby’s International Realty. Northwest Multiple Listing Service does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires BSIR’s written consent. Copyright 2015 Brazen Sotheby’s International Realty.


SEATTLE REPORT SINGLE FAMILY HOMES, $1 MILLION+

YTD Q3 2014

YTD Q3 2015

71 $105,585,000 $1,487,100 $1,330,000 31 99.8% $402 30

119 $173,465,000 $1,457,700 $1,244,000 23 101.6% $424 29

67.6% 64.3% -2.0% -6.5% -25.8% 1.8% 5.6% -3.3%

QUEEN ANNE / MAGNOLIA (AREA 700) Number of Sales 102 Total Dollar Volume $158,942,000 Average Sale Price $1,558,300 Median Sale Price $1,355,000 Average Days on Market 55 Sold / List Price % 98.5% Average Price Per SQFT $420 Current Inventory in Units 48

129 $199,920,000 $1,549,800 $1,300,000 43 99.9% $422 49

26.5% 25.8% -0.5% -4.1% -21.8% 1.4% 0.6% 2.1%

NORTH SEATTLE (AREA 710) Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

% CHANGE

$422

Average Price Per SQFT in Q3, 2015, Queen Anne, Magnolia Area

S

Madison Park Sold 7/15/15 $2,595,000

For more detailed 3Q information go to luxuryresidentialreport.com

MARKET REPORT

Sand Point Sold 9/24/15 $2,365,000

Third Quarter 2015 Market Report | BRAZENSIR.COM Based on Information from the Northwest Multiple Listing Service. Compiled by Brazen Sotheby’s International Realty. Northwest Multiple Listing Service does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires BSIR’s written consent. Copyright 2015 Brazen Sotheby’s International Realty.


520 CORRIDOR REPORT SINGLE FAMILY HOMES, $1 MILLION+

KIRKLAND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units REDMOND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

YTD Q3 2014

YTD Q3 2015

% CHANGE

111 $169,112,000 $1,523,500 $1,300,000 46 96.1% $404 62

160 $236,646,000 $1,479,000 $1,361,000 38 99% $413 67

44.1% 39.9% -2.9% 4.7% -17.4% 3.0% 2.3% 8.1%

47 $63,863,000 $1,358,800 $1,225,000 83 96.7% $289 38

84 $102,733,000 $1,223,000 $1,110,000 44 99.1% $290 29

78.7% 60.9% -10.0% -9.4% -47.0% 2.5% 0.3% -23.7%

Windermere Sold 6/13/2015 $3,200,000

Kirkland Sold 7/24/15 $2,775,000

Kirkland Kirkland

Sold 8/12/15 $2,900,000

Sold 8/31/15 $2,950,000

MARKET REPORT

Third Quarter 2015 Market Report | BRAZENSIR.COM Based on Information from the Northwest Multiple Listing Service. Compiled by Brazen Sotheby’s International Realty. Northwest Multiple Listing Service does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires BSIR’s written consent. Copyright 2015 Brazen Sotheby’s International Realty.


I-90 CORRIDOR REPORT SINGLE FAMILY HOMES, $1 MILLION+

MERCER ISLAND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units ISSAQUAH Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

Mercer Island Sold 8/18/15 $4,250,000

YTD Q3 2014

YTD Q3 2015

% CHANGE

145 $274,177,000 $1,890,900 $1,508,000 59 96.8% $453 66

185 $334,438,000 $1,807,800 $1,470,000 48 97.3% $465 47

27.6% 22% -4.4% -2.5% -18.6% 0.5% 2.6% -28.8%

39 $54,374,000 $1,394,200 $1,225,000 54 96.6% $290 16

43 $61,753,000 $1,436,100 $1,200,000 57 97.1% $343 20

10.3% 13.6% 3.0% -2.0% 5.6% 0.5% 18.5% 25.0%

185 Number of sales in Q3, 2015, Mercer Island

For more detailed 3Q information go to luxuryresidentialreport.com Mercer Island Sold 8/14/15 $2,595,000

MARKET REPORT

Third Quarter 2015 Market Report | BRAZENSIR.COM Based on Information from the Northwest Multiple Listing Service. Compiled by Brazen Sotheby’s International Realty. Northwest Multiple Listing Service does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires BSIR’s written consent. Copyright 2015 Brazen Sotheby’s International Realty.


CONDO REPORT SINGLE FAMILY HOMES, $1 $1M+ MILLION+

WEST BELLEVUE Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

EAST BELLEVUE Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

YTD Q3 2014

YTD Q3 2015

18 $25,321,000 $1,406,700 $1,199,000 81 97.9% $615 17

22 $28,616,000 $1,300,700 $1,231,000 127 93.9% $615 25

% CHANGE 22.2% 13.0% -7.5% 2.7% 56.8% -4.1% 0.0% 47.1%

Houghton Sold 8/5/15 $1,344,000

0 $0 $0 $0 0 0.0% $0 0

2 $3,091,000 $1,545,500 $1,545,000 8 99.9% $643 0

* * * * * * * *

Kirkland Sold 7/4/15 $1,225,000

Seattle Sold 8/4/15 $1,295,000

MARKET REPORT

Third Quarter 2015 Market Report | BRAZENSIR.COM Based on Information from the Northwest Multiple Listing Service. Compiled by Brazen Sotheby’s International Realty. Northwest Multiple Listing Service does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires BSIR’s written consent. Copyright 2015 Brazen Sotheby’s International Realty.


CONDO REPORT

SINGLE FAMILY HOMES, $1 MILLION+

SEATTLE Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units KIRKLAND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

MERCER ISLAND Number of Sales Total Dollar Volume Average Sale Price Median Sale Price Average Days on Market Sold / List Price % Average Price Per SQFT Current Inventory in Units

YTD Q3 2014

YTD Q3 2015

% CHANGE

79 $131,886,000 $1,669,400 $1,500,000 115 95.8% $774 57

120 $170,503,000 $1,420,900 $1,291,000 36 98.3% $789 74

51.9% 29.3% -14.9% -13.9% -68.7% 2.6% 1.9% 29.8%

24 $36,444,000 $1,518,500 $1,272,000 74 97.8% $553 9

24 $33,323,000 $1,388,500 $1,281,000 54 96.3% $534 9

-0.0% -8.6% -8.6% 0.7% -27.0% -1.5% -3.6% 0.0%

1 $1,150,000 $1,150,000 $1,150,000 13 100.1% $523 1

2 $2,086,000 $1,043,000 $1,043,000 29 95.4% $482 0

100.0% 81.4% -9.3% -9.3% 123.1% -4.7% -7.7% -100.0%

54 Average Days on Market in Q3, 2015 Kirkland

For more detailed 3Q information go to luxuryresidentialreport.com

Kirkland Sold 9/22/15 $1,335,000

MARKET REPORT

Third Quarter 2015 Market Report | BRAZENSIR.COM Based on Information from the Northwest Multiple Listing Service. Compiled by Brazen Sotheby’s International Realty. Northwest Multiple Listing Service does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires BSIR’s written consent. Copyright 2015 Brazen Sotheby’s International Realty.


WORLD WIDE SIG

BEYOND SEATTLE/BELLEVUE

Florida $17,200,000

Texas $15,000,000 Colorado $17,500,000

SIGNIFICANT SALES WITHIN OUR SOTHEBY’S INTERNATIONAL REALTY® FAMILY

California $21,500,000

New York_$15,000,000


GNIFICANT SALES

E, BEYOND EXTRAORDINARY

Conneticut $17,000,000

Florida $19,000,000

New York $22,900,000 Turks & Caicos $15,100,000

Florida $18,550,000


We Are Luxury Waterfront.

Brazen Sotheby’s International Realty knows the luxury waterfront market. Check our our exclusive listings at: www.bsirwaterfront.com

Alki $2,850,000

Yarrow Point $3,950,000

Kirkland $2,225,500

Presented By

Joseph Cell 425-531-0109 | Randi Cell 425-864-7083 | joseph@brazensir.com and randi@brazensir.com

Q3 Luxury Market Report  
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