REPORTER
Mercer Island
Serving the Mercer Island community since 1947
It’s time for Summer Celebration!
Get ready to fly
Visit the Reporter’s booth at the street fair and pick up a copy of our recent 98040 magazine from our June 26 issue (or bring your own) for a full schedule of Summer Celebration! this weekend.
Something magical for everyone at annual festival this weekend
Street closures this weekend, July 12-14
By Reporter Staff
During the Mercer Mile Fun Run on Saturday, 78th Avenue S.E. and S.E. 34th Street along 78th Avenue will be closed, beginning at 9:15 a.m. Find out more and sign up at www.mercergov.org.
The Grand Parade The Summer Celebration! Grand Parade will begin at 10 a.m., closing 78th Avenue S.E. until 11 a.m.
Honor our veterans A ceremony to recognize Island veterans will begin immediately after the parade at the Veterans’ Pergola at Mercerdale Park.
Magic and music at Luther Burbank The Masters of Magic Show will take place on Saturday evening at Luther Burbank Park at 7:15 p.m. Fireworks will begin at sundown.
Fireworks cruise The Mercer Island Sister City Association still has tickets left for the Sunset Fireworks Cruise on Saturday, July 13. The Argosy cruise leaves from the Luther Burbank dock at 7 p.m. Buy tickets by calling (206) 232-3404) or go to www.mercerislandsistercity.org.
File Photo
Kids take flight on one of the carnival rides during the 2012 Summer Celebration! festival on Mercer Island. This year’s theme is “It’s Magic,” featuring a wide variety of magic shows and entertainers.
Island home sales begin to grow again By Mary L. Grady
editor@mi-reporter.com
Activity levels and prices for Mercer Island residential real estate are beginning to look more and more like 2007. Across King County, the $427,000 median sale price of single-family homes sold last month is looking a lot like the record median home price of $455,000 in 2007, achieved just before the recession hit. According to data from the Northwest Multiple Listing Service, the number of new listings on Mercer Island for both homes and condos remains somewhat low compared to previous years, but the total number of active listings was beginning to trend back to more normal Island levels. There were 106
June of 2012. Just four condo sales were finalized last month, three less than in 2012. The median price for those four units was $337,000, up from $240,000 a year ago. The number of single-family homes on the Island added to the active listings last month, just market totaled 46, down from nine less than June of a year ago. 60 listed in June of last year. Yet The number of pending sales, more homes sales were pending however, was up by 17 percent and more sales were finalized. over a year ago, from 41 in 2012 Forty-six home sales were finalto 48 last month. ized last month, up The number of from 28 in June of sales that were 2102. The median finalized in June price declined by was up by more four percent for the than 40 percent most recent sales, over June 1012, landing at a median for a total of 50 price of $977,000. Northwest Multiple homes and conAt present, there Listing Service dos sold. are 102 homes and C o n d o s condos offered for remained a tiny portion of the sale on Mercer Island. Just three Mercer Island real estate market. of those listings are for condoJust one new condo listing was miniums. They range in price added in June. A total of three from a two-bed and two-bath, were active on the market here. In contrast, nine were active in homes | Page 10
“Prices of homes countywide are returning to their 2007 peak.”
Summer | Page 10
Finally...it’s a brighter day for real estate! And the seller’s market is making waves. Contact me for a house valuation updated for this new market!
REPORTER
Mercer Mile Fun Run
Whether it is a parade, visiting with Uncle Stinky’s, flying down a giant inflatable slide, enjoying a fresh scone or fireworks at Luther Burbank Park, there will be lots and lots to do this weekend in the Town Center. The Mercer Island Reporter will have a booth at Summer Celebration; stop by and grab a schedule and enter our drawing for a free framed color print. Don’t forget to check out the arts and crafts of the street fair, the great food and the Mercer Island Visual Arts League’s Junior Arts Show in the Wells Fargo parking lot. And, of course, there will be magic everywhere — from
25+ YEARS OF EXPERTISE
206.551.3111 | MaryLouPutman.com
Mercer Island
Mercer Island’s annual Summer Celebration! activities will close streets, 77th and 78th Avenues S.E. and S.E. 32nd Street, from Friday evening through Sunday afternoon. Watch for the signs.
One yearwww.mi-reporter.com $39, two years just $59
MI | THIS WEEKend
Wednesday, july 10, 2013 | 75¢
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