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EASTSIDE MARKET REVIEW | 2018 CALENDAR YEAR

A VIEW FROM THE EASTSIDE Real Estate Market Recap | Year in Review 2018

Despite doomsday chatter in the latter half of 2018, the Eastside real estate marketplace ended with favorable gains. At the same time, the dizzying pace of the last several years has significantly slowed. According to the Case-Shiller index for annual growth in home prices, the Seattle area market, at 7.3%, is no longer on top. After two years leading the nation, our metropolitan area has been surpassed by Las Vegas (12.8%), San Francisco (7.9%) and Phoenix (7.7%). Many analysts view this as a much-needed shift from an uber-competitive market to a balance that benefits buyers and sellers alike. Matching earlier expectations, as prices have moderated, buyers are showing up and purchasing homes in greater numbers.

“For all the talk of doom and gloom in real estate [my] calculations show home values have increased at four times the rate of inflation since December 2014 when the ‘hot market’ began.” -Mike Grady, COO Coldwell Banker Bain


INVENTORY Still a Seller’s Market by E.J. Bowlds Principal Managing Broker Coldwell Banker Bain, Bellevue Way

At year end, Eastside inventory stood at 1.9 months. Traditionally, December inventory is some of the lowest of the year due to the holidays and because many sellers hold off on listing until the generally busier market in the early months of the new year. That being said, inventory for last December was noticeably higher than December of 2017 when Seattle had only about 18 days of supply. With a balanced market generally agreed to be between four and six months of inventory, we are still firmly in a seller’s market. The number of homes on the market will continue to grow in the coming months. Employment remains historically strong in Puget Sound and in Washington State thus providing the fundamentals for continued strong economic growth, at least in the short term. All in all, 2019 looks to be a good year for residential real estate sales on the Eastside, with a continued strong economy, stable interest rates in the near term and lots of buyers and sellers entering the market.

Produced by CB Bain Bellevue Way #thebelleveway All property photos courtesy of CB Bain Bellevue Way agents


EASTSIDE MARKET REVIEW | 2018 CALENDAR YEAR

The Eastside neighborhoods featured in this report transferred ownership of more than $11 billion in property with an average three weeks per sale. When comparing sold properties of all types in 2018, average prices were up 10% when including strong demand for condominiums. When comparing that figure to 2018 quarterly year-over-year comparisons, Q1 was fierce with a 17% increase, Q2 was aggressive, jumping 12% and Q3 slowed to a more reasonable 6% increase. Q4 eased back up 8% when compared to the same period in 2017. Checking fears of a marketplace crash, the whole of 2018 reflected an interesting curve with year-overyear sold price comparison cooling, then ticking back up toward the end of the year. Could this be a new normal for 2019?

SINGLE FAMILY HOMES*

CONDOMINIUM HOMES

YIR | 18 vs. YIR | 17

YIR | 18 vs. YIR | 17

Total Units Sold

Total Units Sold 9,028

-11

%

10,106

3,051 3,467

Total Sales Volume

-3

%

Total Sales Volume

$9,331,032,267 $9,628,885,438

$1,678,954,238 $1,609,847,425

9

$1,033,566 $952,789

Average Days on Market

10

%

4%

Average Sold Price

Average Sold Price

%

-12%

23 Days 21 Days

$550,296 $464,334

19%

Average Days on Market 18 Days 19 Days

-5%

Based on information from the NWLMS, data reflects sales in the cities profiled in this report between 1/1/18 and 12/31/18.


COLDWELL BANKER BAIN | BELLEVUE WAY

Condominium living is booming on the Eastside, inventory is surging and the number of units entering at the Luxury pricepoint are pushing up condo average sold prices. New construction (of single family units and condos) was the only market segment reflecting an increase in total unit sales and boasted an 18% surge in sales volume. Not one of the neighborhoods featured in this report lost ground in average sold prices when comparing the 2018 and 2017 year-over-year. Trendy Kirkland (+16%) and exclusive Medina (+27%) had the strongest average sold price increases.

NEW CONSTRUCTION**

ALL PROPERTY TYPES

YIR | 18 vs. YIR | 17

YIR | 18 vs. YIR | 17

Total Units Sold

Total Units Sold 1,726

9

%

1,579

12,080 13,573

Total Sales Volume

Total Sales Volume

$2,213,796,567

18

%

$1,877,960,674

$11,011,466,505

Average Sold Price

$1,282,617

8

$1,189,335

Average Days on Market

-25%

-2%

$11,238,732,863

Average Sold Price

%

-11%

43 Days 57 Days

$911,545 $828,021

10%

Average Days on Market 21 Days 20 Days

5%

*SFR data is inclusive of New Construction. | **New Construction data is inclusive of Condos. | Produced by Coldwell Banker Bain Bellevue Way.


EASTSIDE MARKET REVIEW | 2018 CALENDAR YEAR

BELLEVUE Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$1.69 B

$1.90 B

TOTAL HOMES SOLD 1,214 | 1,435 | -15.4% AVERAGE SOLD PRICE $1,394,413| $1,321,079 | 5.6% AVERAGE DAYS ON MARKET 21 | 20 | 5% SOLD/LIST PRICE RATIO

-10.7%

Sales volume and unit sales were both down double digits in Bellevue as compared to last year. With reduced 2018 activity, this city - which has been nationally recognized as one of the best places to live in the country - still maintained a 5.6% average sold price increase over 2017. Homes were quick to change hands, staying on the market an average of just three weeks. As the high-tech and retail center of the Eastside, Bellevue hosts an impressive corporate presence including T-Mobile HQ, Microsoft and Verizon. Drawing residents from around the nation and the world, Bellevue offers the lifestyle balance of a thriving downtown with gleaming high-rises and a vast network of green spaces, public parks, nature trails and lakefront swimming beaches.

100.8% | 102.4% | -1.6%

Based on information from the NWLMS, data reflects sales of single family homes between 1/1/18 and 12/31/18.


COLDWELL BANKER BAIN | BELLEVUE WAY

BOTHELL A more affordable price point and charming small-town feel close to urban centers lure first-time buyers and commuters to Bothell. A steady increase in volume and average sold prices drove buyers to close at an average 2% above list price. This riverfront community of 45,000 people is growing and thriving. It has high-tech and bio-medical businesses and is undergoing a major downtown revitalization, enhancing the historic charm of the city’s Main Street by adding retail, commercial space and creating housing in the downtown district. Bothell also has an extensive park system and a myriad of recreational opportunities. Bothell schools are part of the award-winning Northshore School District.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$226.8 M

$193.2 M

17.4%

TOTAL HOMES SOLD 289 | 270 | 7.0% AVERAGE SOLD PRICE $784,790 | $715,688 | 9.7% AVERAGE DAYS ON MARKET 23 | 25 | -8.0% SOLD/LIST PRICE RATIO 101.9% | 103.7% | -1.7%

Produced by Coldwell Banker Bain Bellevue Way. #thebelleveway | All property photos courtesy of CB Bain Bellevue Way agents.


EASTSIDE MARKET REVIEW | 2018 CALENDAR YEAR

CARNATION Rural Carnation attracts homeowners seeking a friendly and relaxed community. While the number of units sold in 2018 was down significantly as compared to 2017, a surge in homes selling at a higher price point speaks to this community’s strong appeal.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$104.0 M

$116.8 M

TOTAL HOMES SOLD 137 | 172 | -20.3% AVERAGE SOLD PRICE $759,416 | $679,129 | 11.8% AVERAGE DAYS ON MARKET 39 | 41 | -4.9%

-10.9%

Carnation benefits from plentiful recreational opportunities in the beautiful Snoqualmie Valley. Located where the Snoqualmie and Tolt Rivers meet, Carnation is in one of the most productive agricultural regions in the Northwest. It features a number of open-to-the-public farms that offer family activities and interactive farming experiences. Carnation’s small downtown features a handful of locally-owned shops and restaurants which add to the close-knit community feeling.

SOLD/LIST PRICE RATIO 99.5% | 100.3% | -0.8%

Based on information from the NWLMS, data reflects sales of single family homes between 1/1/18 and 12/31/18.


COLDWELL BANKER BAIN | BELLEVUE WAY

CLYDE HILL The Clyde Hill neighborhood offers some extremely high-priced properties, and homes tend to move more slowly because of the elevated price point. An average of 38 days on the market shows that homes moved more slowly in Clyde Hill than almost any other neighborhood in this report. Even so, the number of homes sold in 2018 jumped significantly as opposed to last year. The city is a haven for wealthy, educated homeowners who enjoy living a quiet lifestyle only minutes from the tech hubs of Seattle, Bellevue and Kirkland. The city’s minimum lot size is 20,000 square feet and many homes have distinctive views of Lake Washington, the Olympic mountains and the Seattle skyline. Clyde Hill is home to several soughtafter schools, both public and private.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$230.0 M

$164.8 M

39.6%

TOTAL HOMES SOLD 72 | 52 | 38.5% AVERAGE SOLD PRICE $3,194,262 | $3,169,296 | 0.8% AVERAGE DAYS ON MARKET 38 | 52 | -26.9% SOLD/LIST PRICE RATIO 97.1% | 97.7% | -0.6%

Produced by Coldwell Banker Bain Bellevue Way. #thebelleveway | All property photos courtesy of CB Bain Bellevue Way agents.


EASTSIDE MARKET REVIEW | 2018 CALENDAR YEAR

DUVALL Duvall is one of the fastest growing communities in the state of Washington. With sales volume up by nearly a third as compared to 2017, value followed suit with average sold prices increasing nearly double that of the average single family residence on the Eastside.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$179.0 M

$137.6 M

TOTAL HOMES SOLD 265 | 233 | 13.7% AVERAGE SOLD PRICE $675,577 | $590,723 | 14.4% AVERAGE DAYS ON MARKET 24 | 24 | 0% SOLD/LIST PRICE RATIO

30.1%

With Duvall’s master plan set to create greater density and more housing, the growth of its real estate market is deliberate. As a bedroom community approximately 25 miles northeast of Seattle, the city will continue to attract both commuters and home buyers seeking a more rural lifestyle. The city is carefully managing its burgeoning growth with smart planning commission processes for new construction and community involvement. Duvall also hopes to see additional commercial development due to strong job growth in the Puget Sound region.

100.6% | 100.9% | -0.3%

Based on information from the NWLMS, data reflects sales of single family homes between 1/1/18 and 12/31/18.


COLDWELL BANKER BAIN | BELLEVUE WAY

ISSAQUAH Unit sales in Issaquah dropped significantly in 2018 as compared to last year. But this thriving town simultaneously proved its appeal with average sold prices still managing to compare very favorably to 2017, and homes selling on average at or above list price. What was once a sleepy farming and mining community has become one of the most desirable cities in Washington. Issaquah has expanded through annexations and a new construction boom, especially in the Issaquah Highlands and Talus urban villages. With larger homes in tucked-away neighborhoods, the city attracts home buyers who want room to spread out in a quieter atmosphere. Growth will continue since Issaquah is required to meet a state-mandated target of 3,916 more housing units and 17,517 jobs by 2031.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$675.0 M

$706.6 M

-4.5%

TOTAL HOMES SOLD 688 | 796 | -13.6% AVERAGE SOLD PRICE $981,064 | $887,713 | 10.5% AVERAGE DAYS ON MARKET 25 | 22 | 13.6% SOLD/LIST PRICE RATIO 100.5% | 102.6% | -2.0%

Produced by Coldwell Banker Bain Bellevue Way. #thebelleveway | All property photos courtesy of CB Bain Bellevue Way agents.


EASTSIDE MARKET REVIEW | 2018 CALENDAR YEAR

KIRKLAND Kirkland wound up 2018 with the average single family sold price easily topping $1 million. At 16% higher than the 2017 figure, this trendy city comes in second only to Medina. Always a competitive marketplace, homes in Kirkland routinely sold for over asking price.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$1.27B

$1.26B

TOTAL HOMES SOLD 1,112 | 1,282 | -13.3% AVERAGE SOLD PRICE $1,140,974 | $982,841 | 16.1% AVERAGE DAYS ON MARKET 20 | 17 | 17.6% SOLD/LIST PRICE RATIO

0.7%

With 87,700 residents, Kirkland is the twelfth most populous city in the state. Its lakefront beaches and parks set it apart as one quarter of the city’s lakefront property is publicly owned and enjoyed. Its downtown is buzzing with an exciting collection of restaurants, shops, art galleries, recreational spaces and a performing arts center. The city’s downtown is adding density through mixed-use developments such as Kirkland Urban - in addition to the redevelopment of the Totem Lake area, which will add residential and commercial units.

101.1% | 102.9% | -1.7%

Based on information from the NWLMS, data reflects sales of single family homes between 1/1/18 and 12/31/18.


COLDWELL BANKER BAIN | BELLEVUE WAY

MEDINA An exclusive neighborhood with limited opportunities for buyers, Medina had the lowest number of homes sold in 2018, down substantially as compared to 2017. Medina also holds title with the highest average sold price of the neighborhoods in this report at nearly $4.5 million, a 27% increase over last year. Located on the eastern shore of Lake Washington, Medina has earned a reputation as one of the most desirable and expensive neighborhoods in the nation. With its lakefront dubbed the Gold Coast and select residential pockets dubbed Billionaire’s Row, Medina is the Greenwich or Palm Beach of the Northwest. With 3,200 total residents, the city is a small, quiet, private community. Medina’s schools are part of the larger Bellevue School District, which is one of the top ranking and award-winning districts in the nation.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$172.5M

$241.1M

-28.4

TOTAL HOMES SOLD 39 | 69 | -43.5% AVERAGE SOLD PRICE $4,423,995 | $3,493,547 | 26.6% AVERAGE DAYS ON MARKET 46 | 43 | 7.0% SOLD/LIST PRICE RATIO 96.4% | 97.8% | -1.4%

Produced by Coldwell Banker Bain Bellevue Way. #thebelleveway | All property photos courtesy of CB Bain Bellevue Way agents.


EASTSIDE MARKET REVIEW | 2018 CALENDAR YEAR

MERCER ISLAND Mercer Island statistics were representative of the Eastside as a whole in 2018; volume slowed while the average sold price compared positively to 2017 at a reasonable and healthy 8.5%.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$623.2M

$664.8M

TOTAL HOMES SOLD 305 | 353 | -13.6% AVERAGE SOLD PRICE $2,043,200 | $1,883,426 | 8.5% AVERAGE DAYS ON MARKET 30 | 39 | -23.1% SOLD/LIST PRICE RATIO

-6.3%

With a population of 25,000, Mercer Island is widely recognized as one of the premier residential communities in Washington. Just over five miles long and two miles wide, it is a true island community. Mercer Island is located equidistant from Seattle and the rest of the Eastside, making commuting to both job centers a breeze. Because it’s an island, property is a hot commodity and suburban sprawl is impossible. Residents take pride in their schools, parks and miles of shoreline. Boating and the waterfront lifestyle are staples of Mercer Island living.

99.2% | 99.6% | -0.5%

Based on information from the NWLMS, data reflects sales of single family homes between 1/1/18 and 12/31/18.


COLDWELL BANKER BAIN | BELLEVUE WAY

NEWCASTLE Newcastle experienced an aggressive third quarter then leveled out considerably - closing out with year with a substantial 40% drop in unit sales as compared to 2017. Year-over-year, values were steady with average sold prices holding at just under $1 million. Incorporated in 1994, Newcastle is a relatively young city. Its newer and larger homes make the city a top target for buyers seeking less maintenance and more space. Residents are drawn to Newcastle’s amenities, shorter commutes, stunning views and easy access to outdoor recreation. Newcastle schools are unusual in that they are served by two separate districts, Issaquah and Renton.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$130.6M

$211.8M

-38.3%

TOTAL HOMES SOLD 131 | 216 | -39.4% AVERAGE SOLD PRICE $997,127 | $980,730 | 1.7% AVERAGE DAYS ON MARKET 24 | 21 | 14.3% SOLD/LIST PRICE RATIO 100.6% | 101.7% | -1.0%

Produced by Coldwell Banker Bain Bellevue Way. #thebelleveway | All property photos courtesy of CB Bain Bellevue Way agents.


EASTSIDE MARKET REVIEW | 2018 CALENDAR YEAR

NORTH BEND By Eastside standards, North Bend housing prices are a relative bargain. As this charming town and its scenic surroundings grew in recognition and popularity, 2018 unit sales and average sold prices responded with solid increases as compared to 2017.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$219.1M

$188.3M

TOTAL HOMES SOLD 335 | 316 | 6.0% AVERAGE SOLD PRICE $654,086 | $595,824 | 9.8% AVERAGE DAYS ON MARKET 23 | 27 | -14.8%

16.4%

Located in the Cascade foothills just 31 miles east of Seattle, North Bend has become a bedroom community of Seattle. With a population of around 7,000, North Bend retains its small town feel and remains a close-knit community. Residents take pride in the city’s stunning mountain views and ample hiking trails. North Bend is home to Nintendo’s main North American production facility and distribution center.

SOLD/LIST PRICE % 100.9% | 100.5% | 0.4%

Based on information from the NWLMS, data reflects sales of single family homes between 1/1/18 and 12/31/18.


COLDWELL BANKER BAIN | BELLEVUE WAY

REDMOND As an established community with much to draw buyers, Redmond’s volume remained relatively flat throughout 2018 while average sold prices increased as compared to 2017, exceeding the Eastside average. Home to Microsoft International Headquarters, Redmond’s strong tech and biomedical employment sector, extensive park system and growing downtown, this one-time farming community has become a draw for people from all over the world. It now boasts a population of roughly 63,000 and offers its residents a comfortable blend of urban density and suburban spaciousness. The city prides itself on having good schools, a healthy economic base, a huge parks system and diverse offerings for shopping and dining.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$954.6M

$975.9M

-2.2%

TOTAL HOMES SOLD 920 | 1,039 | -11.5% AVERAGE SOLD PRICE $1,037,629 | $939,243 | 10.5% AVERAGE DAYS ON MARKET 22 | 18 | 22.2% SOLD/LIST PRICE % 102.0% | 103.6% | -1.6%

Produced by Coldwell Banker Bain Bellevue Way. #thebelleveway | All property photos courtesy of CB Bain Bellevue Way agents.


EASTSIDE MARKET REVIEW | 2018 CALENDAR YEAR

RENTON Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$885.2M

$955.4M

TOTAL HOMES SOLD 1,576 | 1,834 | -14.1% AVERAGE SOLD PRICE $561,699 | $520,931 | 7.8% AVERAGE DAYS ON MARKET 24 | 22 | 9.1% SOLD/LIST PRICE %

-7.3%

Booming with manufacturing and lakefront positioning, Renton’s historic feel continues to draw residents looking for affordability on the Eastside. With an average sold price of $562K, an easy commute and active lifestyle is an attainable goal. Homes sold quickly and above list price throughout 2018. Renton is a growing suburb that’s proud of its diverse population and strong community identity. From the shores of Lake Washington to the Highlands, the city is reinventing itself from an industrial landscape to a trendier place to live. Of the major cities in Washington, Renton boasts the highest number of restaurants per capita. The 11th largest city in Washington, Renton is situated at the center of an extensive regional and international transportation network.

100.6% | 101.7% | -1.1%

Based on information from the NWLMS, data reflects sales of single family homes between 1/1/18 and 12/31/18.


COLDWELL BANKER BAIN | BELLEVUE WAY

SAMMAMISH The Sammamish price point was firmly planted above the $1 million mark throughout 2018, and large homes in leafy neighborhoods with great schools provide a dream lifestyle for many.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

Sammamish is one of Seattle’s most highly regarded and sought-after suburbs. It is routinely profiled in various “Best Towns in America” lists and has been ranked 1st by Forbes in its list of Friendliest Towns in the U.S. The city’s close proximity to Redmond and Bellevue makes it an ideal spot for people who work on the Eastside. Sammamish offers vibrant natural features and outstanding recreational opportunities. Its residents are actively involved in the decisions that shape the community as it grows and thrives.

$1.135B

$1.160B

-2.2%

TOTAL HOMES SOLD 1,007 | 1,112 | -9.4% AVERAGE SOLD PRICE $1,126,899 | $1,043,530 | 8.0% AVERAGE DAYS ON MARKET 31 | 26 | 19.2% SOLD/LIST PRICE % 100.8% | 101.5% | -0.8%

Produced by Coldwell Banker Bain Bellevue Way. #thebelleveway | All property photos courtesy of CB Bain Bellevue Way agents.


EASTSIDE MARKET REVIEW | 2018 CALENDAR YEAR

SNOQUALMIE Newly considered a Seattle suburb, in 2018 Snoqualmie’s beautifully planned communities and rural proximity enticed buyers to snap up relatively affordable homes in just 20 days on average, and consistently over asking price.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$228.2M

$265.8M

TOTAL HOMES SOLD 376 | 375 | 0.3% AVERAGE SOLD PRICE $766,426 | $708,850 | 8.1% AVERAGE DAYS ON MARKET 20 | 15 | 33.3%

8.4%

Snoqualmie Ridge has strong appeal to buyers who are priced out of Issaquah and other closer-in Eastside cities. Snoqualmie Falls, the second most visited natural landmark in Washington after Mount Rainier, contributes to Snoqualmie’s strong tourism infrastructure. The town routinely receives national recognition and local accolades for quality of life, in part due to its well-regarded school district and its stunning natural environment.

SOLD/LIST PRICE RATIO 101.3% | 101.7% | -0.4%

Based on information from the NWLMS, data reflects sales of single family homes between 1/1/18 and 12/31/18.


COLDWELL BANKER BAIN | BELLEVUE WAY

WOODINVILLE Woodinville’s average price point briefly tipped through the $1 million mark in mid 2018, and closed out the year just under at $974K. This was a 9.6% increase over 2017 and cements Woodinville as one of the Eastside’s most desirable communities. With a growing population of roughly 12,000, Woodinville has large homes on large lots. The town’s economy is a mix of light industrial, retail and tourism. Woodinville is known for its local wineries and showrooms that specialize in wines made from grapes harvested in Eastern Washington. The popular cabaret dinner show Teatro Zinzanni has found a new home in Woodinville. A foodie’s paradise, the tourist district has several fine restaurants, including The Herbfarm, a nationally-known “destination” restaurant.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$539.4M

$490.5M

10.0%

TOTAL HOMES SOLD 554 | 552 | 0.4% AVERAGE SOLD PRICE $973,724 | $888,623 | 9.6% AVERAGE DAYS ON MARKET 28 | 23 | 21.7% SOLD/LIST PRICE % 100.2% | 100.9% | -0.7%

Produced by Coldwell Banker Bain Bellevue Way. #thebelleveway | All property photos courtesy of CB Bain Bellevue Way agents.


EASTSIDE MARKET REVIEW | 2018 CALENDAR YEAR

LUXURY $2M+ The Luxury marketplace is by definition selective. Last year, a staggering $1.76 billion in Luxury ($2M+) properties changed hands. Of all property types sold on the Eastside in 2018, Luxury transactions are attributed to 5% of unit sales and 16% of dollar volume.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

$1.759B

$1.636B

TOTAL HOMES SOLD 565 | 531 | 6.4% AVERAGE SOLD PRICE $3,112,603 | $3,081,637 | 1.0% AVERAGE DAYS ON MARKET

7.5%

The Eastside continues to attract affluent home buyers from around the region, the nation and the world. Our many lifestyle properties, including waterfront and view homes, appeal to high-net-worth buyers, both locals who are “moving up” and those relocating from other markets. Our growing jobs sector continues to draw well-paid executives to our Eastside neighborhoods.

44 | 52 | -15.4% SOLD/LIST PRICE % 97.4% | 97.4% | 0%

Based on information from the NWLMS, data reflects sales of single family homes between 1/1/18 and 12/31/18.


COLDWELL BANKER BAIN | BELLEVUE WAY

WATERFRONT $2M+ With finite opportunity, we saw just 99 new waterfront homeowners in 2018. The exclusivity of this most coveted lifestyle has its price the average home sold for an average of more than $4.2 million.

Y 2018 | Y 2017 | % CHANGE TOTAL SALES VOLUME

Lake Washington still has the majority of the region’s luxury waterfront homes, and these tend to command top dollar. The waterfront lifestyle that defines much of the Eastside attracts wealthy buyers who acquire lakefront listings on both Lake Washington and Lake Sammamish.

$417.8M

$494.4M

-15.5%

TOTAL HOMES SOLD 99 | 120 | -17.5% AVERAGE SOLD PRICE $4,219,705 | $4,120,296 | 2.4% AVERAGE DAYS ON MARKET 44 | 70 | -37.1% SOLD/LIST PRICE % 95.7% | 95.4% | 0.3%

Produced by Coldwell Banker Bain Bellevue Way. #thebelleveway | All property photos courtesy of CB Bain Bellevue Way agents.


COLDWELL BANKER BAIN | BELLEVUE WAY www.CBBain.com/Bellevue | @cbbainbellevue

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2018 Calendar Year: Eastside Market Review  

2018 Calendar Year: Eastside Market Review