Mercer Island Reporter, September 14, 2011

Page 1

REPORTER

Mercer Island www.mi-reporter.com

MI | THIS WEEK

Serving the Mercer Island community since 1947

WEDNESDAY, SEPTEMBER 14, 2011 | 75¢

Planning for 21st century schools now

Swimmers, paddlers fill lake

Holy Trinity Church auction is Saturday The Youth & Social Concerns committees at Holy Trinity Lutheran Church are holding an auction to raise funds for the 2012 National Youth Gathering and Mission Trip to New Orleans and other outreach commitments. The auction is set for 7 p.m., Sept. 17, at the church at 8501 S.E. 40th Street. The cost is $30 per person for food and beverages. Child care is available. Check out the HTLC Web site, www.htlcmi.org, for more.

By Mary L. Grady editor@mi-reporter.com

Friday night lights The Islander football team will take on the Juanita Rebels at 7 p.m., Friday, Sept. 16, at Islander Stadium. Come early for a barbecue dinner with family and friends as the sun sets and enjoy the music and precision of the Mercer Island High School marching band. Tickets are available at the gate.

Men’s hoops set for Thursdays at MICEC The Mercer Island Community and Event Center (MICEC) is offering Lunchtime Men’s Hoops, a new drop-in program for adults ages 18 and older. This is a recreational pick-up basketball program and all levels are welcome. ‘Hoops’ will meet every Thursday from 11:30 a.m. until 2 p.m. Fees are on a drop-in basis only and set at $3.25 for Island residents and $4.50 for nonresidents.

September is National Recovery Month For confidential mental health or substance abuse help or to get involved, contact Youth and Family Services at (206) 275-7611. YFS reminds everyone to call 911 in any life threatening situation or the 24-hour Community Crisis Line for other assistance at (206) 461-3222.

Matt Brashears/Special to the Reporter

Contestants in the Enviro-Sports ‘Escape from the Rock Triathlon’ swim a half mile to start the race from Luther Burbank Park on Sunday. At the same time, the ‘Round the Rock’ paddling event took place.

Real estate listings fall, prices recover Two spec houses linger on the market for months By Linda Ball lball@mi-reporter.com

Real estate inventory is down on Mercer Island, as is the case in most of King County, but the median price shot up from a year ago as well as from a month ago. Per the latest statistics from the Northwest Multiple Listing Service, the median sales price on the Island in August, with both single family homes and condominiums combined, was $875,000, up from $765,000 a year ago and $770,000 in July of this year. Single family median price jumped 14.75 percent from a year ago, while condos dropped 22.09

percent. In August, 28 homes closed while just three condominiums changed hands. Pending sales, those with mutually agreed contracts that have not yet closed were at 42 last month, up from 39 a year ago and 31 in July of this year. Per the NWMLS, last month’s volume of pending sales statewide was the highest number of mutually accepted offers since April 2010, when the homebuyer tax incentive expired. Mercer Island NWMLS members added 57 new listings to the market in August, 50 single family homes and seven condos, bringing total inventory on the Island to 147 listings compared to 201 a year ago. The median sales price for sin-

PENG & WEBER

gle family homes in August was $929,500 — up 14.75 percent from last year, but condos were down 22.08 percent from $301,000 to $234,500 in the past year. NWMLS also stated that multiple offers are occurring below the $1 million mark, close to job centers in Seattle and Bellevue. The National Association of Realtors faults banks for “unnecessarily restrictive practices” in lending, denying loans to creditworthy potential buyers/borrowers. It has been a long time since builders have braved building a home on speculation, due in part to lack of demand, and the tight financing. However, there are a few on the Island that are just waiting for a new owner. Listed for $2.6 million, longtime Mercer Island builder Aspen Homes started a home at 8038 S.E. 45th Street by pouring the foundation several years ago. When the market went south, construction

They might seem fine from the outside, but Mercer Island’s public elementary schools are bursting with too many students. But more pressing is the fact that school facilities here, in one of the finest school districts in the state, are rapidly becoming obsolete. Many of the schools were built decades ago. There have been remodels and updating of the physical space and the installation of computers, but the design of the schools has not changed with the times. The type of space they include is no longer adequate. The schools are overcrowded. More than 600 students districtwide are housed in portables, the most at West Mercer Elementary School. West Mercer was designed and built for 450 students. There are now well over 600 students at West Mercer, many in portables.

SCHOOLS | PAGE 4

The Mercer Island High School cross country team prepares for a new season. See Sports on page 10 for details.

HOMES | PAGE 2

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