Mary Lee - Mercer Island - NL - APR18

MERCER ISLAND

Mary Lee & Associates

Real Estate Market Report | April 2018

Exceptional Service & Results Since 1987

C: (425) 941-4229 E: mary@maryleerealestate.com www.MercerIslandHouseValue.com

PRESENTED BY MARY LEE & ASSOCIATES

Keller Williams Realty 2731 77th Avenue SE, #205 Mercer Island, WA 98040 Each office is independently owned and operated.

THE MEDIAN SOLD HOME PRICE FOR 2018

INCREASED BY $390,000!

Mercer Island | 2018 Year-To-Date Review

$

MEDIAN SOLD PRICE

AVERAGE PRICE PER SQUARE FOOT

2018 MEDIAN: $1,700,000

2018 AVERAGE: $554

Low: $720,000 • High: $6,500,000

Low: $328 • High: $953

2017 MEDIAN: $1,310,000

2017 AVERAGE: $526

Low: $935,000 • High: $8,205,000

Low: $325 • High: $1,076

2018

Number of Homes Sold

Average Days on Market

Avg. Sold Price /List Price Ratio

Months of Available Inventory

39

53

101.4%

2

4 MORE HOMES SOLD THAN 2017

LOW: 2 / HIGH: 414 7 DAYS SLOWER THAN 2017

LOW: 90.6% / HIGH: 114.2% 2.3% MORE THAN 2017

HOMES LISTED IN 2017: 355 AVAILABLE HOMES: 42

Visit www.MercerIslandHouseValue.com for community info, current listings, and more.

Dear Johnathan and Angela-Marie,

Mercer Island has seen beneficial changes in its housing market this year. If you’ve considered selling, now is the time to get a great return on your investment! Call me today at (425) 941-4229 to find out how I will help you maximize your home’s selling potential!

Find Mercer Island Community news and events at: https://parkbench.com/mercer-island/news Reflects data from the NWMLS from January 1st through March 13th, 2017 and 2018. Deemed accurate but not guaranteed.

PREPARED ESPECIALLY FOR

Johnathan and Angela-Marie Williams

Mary Lee & Associates A New Level of Service & Results in Real Estate

Mary Lee & Associates

5-STAR ZILLOW AGENT

Exceptional Service & Results Since 1987

“Mary and her team helped us through every step of the home sale and we felt very supported throughout the entire process.

She invested in professional staging, photography, videography, and beautiful custom marketing pieces that showcased all of the features of our home; this made our home stand out in the market.

We highly recommend Mary and her team and encourage you to call her when you are thinking about selling your home. We are ‘over the moon’ happy and know you will be also!”

C: (425) 941-4229 E: mary@maryleerealestate.com www.MercerIslandHouseValue.com Keller Williams Realty 2731 77th Avenue SE, #205 Mercer Island, WA 98040

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(KeyBank Building - Parking in back)

LIVING, LOVING AND PROMOTING OUR COMMUNITY’S VALUE

A New Level of Service & Results

Address 4170 95th Place 4227 91st Avenue 7215 91st Avenue 6015 90th Avenue 8816 Se 77th Place 8448 Se 40th Street 7947 Lake View Lane 3734 E Mercer Way 5456 E Mercer Way 3415 80th Avenue 2460 73rd Avenue 6454 E Mercer Way 7805 SE 22nd Place 4338 E Mercer Way 3661 W Mercer Way

Bedrooms 3 4 5 4 5 4 5 4 5 6 6 4 4 4 5

Total Baths 1.1 1.1 2.0 3.0 2.0 2.0 3.0 3.1 1.1 5.0 3.1 2.1 2.0 2.1 3.2

Estimated Square Feet 2,460 2,420 2,850 2,740 3,110 3,410 4,440 3,900 4,950 4,031 4,965 2,260 4,910 6,660 6,360

Year Built 1971 1993 1962 1959 1988 2018 1988 2004 1976 2018 2017 1957 2015 1996 1961

List Price $799,000 $1,275,000 $1,299,999 $1,495,000 $1,868,000 $1,998,000 $2,475,000 $2,500,000 $2,500,000 $2,799,950 $3,188,000 $3,300,000 $4,398,000 $6,500,000 $8,425,000

List Date 03/04/18 03/09/18 03/12/18 03/06/18 03/06/18 02/27/18 03/09/18 03/02/18 02/27/18 03/03/18 03/06/18 03/02/18 03/06/18 02/27/18 02/27/18

Mercer Island Homes Sold in the Last 14 Days Bedrooms 4 5 4 4 7 5 5 6 4 3 5

Total Baths 1.0 1.1 2.1 3.1 5.1 2.1 3.1 5.1 2.0 1.1 5.1

Active

Pending

Sold

Estimated Square Feet 3,630 2,790 2,810 4,890 4,913 4,308 3,386 6,600 4,479 3,153 5,146

Year Built 1997 1972 1982 1999 2018 2017 2016 2001 1981 1967 2017

List Price $1,550,000 $1,325,000 $1,625,000 $2,698,000 $3,152,444 $3,028,000 $2,389,899 $2,379,000 $1,750,000 $1,725,000 $2,999,888

List Date 11/09/17 11/01/17 02/09/18 10/03/17 03/07/18 01/16/17 08/01/17 12/19/17 02/02/18 02/08/18 10/24/17

Sold Price $1,500,000 $1,280,000 $1,700,000 $2,550,000 $3,152,444 $3,028,000 $2,275,000 $2,379,000 $1,850,000 $1,925,000 $2,965,000

Sold Date 03/09/18 03/08/18 03/08/18 03/08/18 03/08/18 03/05/18 03/02/18 03/01/18 02/28/18 02/28/18 02/28/18

Mary Lee, Mary Lee & Associates, and Keller Williams Luxury Home International are not in any way affiliated with any Mercer Island Home Owners Association, nor is this in any way an official advertisement or publication of Mercer Island. © 2018 Keller Williams Luxury Home International. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the NWMLS as of March 13th, 2018. Listings and sales may not be those of Keller Williams Luxury Home International. NWMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.254.9619 | © 2018

AT A GLANCE Homes Currently Active: 42 Pending Sales: 45 Homes Recently Sold: 11 Average Sold Price: $2,236,768

Please call (425) 941-4229 for more details on any listings.

Address 4740 E Mercer Way 5452 E Mercer Way 5047 84th Avenue 4803 W Mercer Way 2243 74th Avenue 8275 SE 31st Street 4352 E Mercer Way 4495 E Mercer Way 7256 W Mercer Way 4545 90th Avenue 4312 92nd Avenue

Mary Lee

MERCER ISLAND

There are currently 45 homes pending in Mercer Island.

Status Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold

like to discuss the value of your property, please don’t hesitate to call me. Should you know anyone outside the community who might enjoy receiving a copy, please forward their address and I will add them to my mailing list.

Real Estate Market Report

Mercer Island Homes Recently Listed (Showing 15 of 42 Total Active Homes) Status Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active

Realizing your home is one of the largest investments you will ever make, I believe keeping you informed of current market trends and Mercer Island home values is one of the greatest services I can provide. Thank you for taking the time to read my report. If you have any questions regarding any of the information contained herein or would

CURRENT MARKET ACTIVITY

Mary Lee & Associates

MERCER ISLAND

A Message From Your Mercer Island Real Estate Specialist

Average Days On Market (Sold): 67 Google 2018

©

Do You Know Your Home's True Value?

Johnathan and Angela-Marie, Receive the most accurate assessment of your home's value, provided to you as a complimentary service by Mary Lee, your Mercer Island real estate specialist.

You will not be contacted with any other solicitation.

www.MercerIslandHouseValue.com