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MERCER ISLAND

Mary Lee & Associates

Exceptional Service & Results Since 1987

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

Real Estate Market Report | January 2019

PRESENTED BY MARY LEE & ASSOCIATES

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

Do We List at the start of 2019 or Hold Off Until Spring?

Real estate sales during the winter season have seen an upswing in recent years. Research indicates this trend is due to holiday gatherings offering families the opportunity to discuss future needs without the interference of hectic work and daily schedules. And, of course, the New Year offers the feeling of a fresh start! The Advantage of Listing in Early 2019 Many buyers are out looking for homes in the new year, whether they are re-energizing their search from last year or they made the decision to move during the holiday season. Several companies also relocate their employees around the start of the year, creating an additional demand for homes.

Worried about Missing the Spring Market? No one can predict the future, though if you wait until everyone else lists their home in the spring, your home may not see the exposure you are expecting, especially if there is lower demand!

Even with these new trends, the winter season inventory is still generally lower, therefore, your home will actually receive more exposure to serious buyers, which can lead to a quicker sale and higher price.

Jonathan and Angela-Marie, For more information on the best time to list your Mercer Island home, contact me today at (425) 941-4229. I wish you a delightful and prosperous new year!

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

PREPARED ESPECIALLY FOR

Jonathan and Angela-Marie Williams

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

5-STAR REVIEW

Mary Lee & Associates

Exceptional Service & Results Since 1987

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

“I am delighted to submit a recommendation for Mary Lee and Jeff Shaffer. They are terrific. Mary and Jeff had a clear plan, helped us at every step along the way, and made sure everything finished well and on time. We were completely satisfied and already have recommended them to our friends. Contact them. I promise that you will be very pleased.” Follow me on:

LIVING, LOVING, AND PROMOTING OUR COMMUNITY’S VALUE

M E R C E R I S L A N D | AT A G L A N C E Homes Currently Active: 73

Pending Sales: 28

Homes Recently Sold: 12

Average Sold Price: $2,447,320

Average Days On Market (Sold): 33

Mary Lee & Associates A New Level of Service & Results

MERCER ISLAND

Real Estate Market Report

Mercer Island Homes Recently Listed (Showing 14 of 73 Total Active Homes) Status Active Active Active Active Active Active Active Active Active Active Active Active Active Active

Street 2943 76th SE Avenue 4701 88th SE Avenue 8727 SE 45th Street 3720 79th SE Avenue 2423 63rd SE Avenue 9 Maple Lane 2443 84th SE Avenue 7202 79th SE Avenue 2817 72nd SE Avenue 8214 SE 29th Street 9940 SE 38th Street 7905 W Mercer Way 3406 97th SE Avenue 9980 SE 38th Street

Bedrooms 2 4 3 4 2 4 4 4 4 3 5 5 5 5

Total Baths 1.1 2.0 1.0 1.0 1.0 1.1 2.0 2.1 3.0 2.0 3.0 2.1 4.1 3.1

Estimated Square Feet* 1,000 2,400 1,800 2,100 1,700 4,000 3,600 3,000 2,300 2,500 3,500 4,800 3,800 4,800

Year Built 1977 1966 1957 1964 1972 1961 1959 1989 1950 1999 2013 1989 2018 2018

List Price $488,500 $1,100,000 $1,250,000 $1,285,000 $1,300,000 $1,350,000 $1,589,000 $1,695,000 $1,760,000 $1,995,000 $1,999,908 $3,195,000 $3,198,800 $4,350,000

LIST TODAY, SOLD TOMORROW WITH MARY! UNDER CONTRACT

IN JUST 9 DAYS!

There are currently 28 homes pending in Mercer Island. Please call (425) 941-4229 for more details on any listings.

3041 106TH AVENUE SE | OFFERED AT $930,000

Mercer Island Homes Recently Sold Status Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold

Address 8491 SE 72nd Street 8210 SE 59th Street 8240 SE 26th Street 6510 81st SE Avenue 3310 97th SE Avenue 3220 74th SE Place 4731 Forest SE Avenue 7032 82nd SE Avenue 4115 97th SE Avenue 8260 SE 31st Street 7845 SE 40th Street 7714 89th SE Place

Bedrooms 5 5 4 4 2 3 5 4 4 5 3 5

Total Baths 2.1 2.1 1.1 1.0 1.3 1.1 3.1 1.1 1.1 2.1 1.0 2.0

Estimated Square Feet* 3,200 4,500 2,100 3,200 6,900 3,400 6,100 2,300 1,900 4,600 1,500 4,500

Year Built 1968 1970 1900 1979 2004 1992 1988 1961 1957 2018 1949 1970

List Price $1,478,000 $2,100,000 $1,300,000 $1,298,000 $7,750,000 $1,625,000 $6,488,000 $1,100,000 $1,398,000 $3,338,000 $1,149,900 $1,879,000

Sold Price $1,437,000 $1,900,000 $1,375,000 $1,310,000 $6,750,000 $1,650,000 $6,200,000 $1,170,000 $1,367,840 $3,338,000 $1,050,000 $1,820,000

Sold Date 11/27/18 11/26/18 11/20/18 11/19/18 11/16/18 11/15/18 11/15/18 11/14/18 11/14/18 11/14/18 11/09/18 11/09/18

Mary Lee, Mary Lee & Associates, and Keller Williams Luxury Home International are not in any way affiliated with Mercer Island Owners Association, nor is this in any way an official advertisement or publication of Mercer Island. © 2019 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the NWMLS between November 9th, 2018 and November 28th, 2018. Listings and sales may not be those of Keller Williams Luxury Home International. The NWMLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Square feet rounded to the nearest hundred.

3 Bedrooms, 2 Bathrooms | 1,700 Finished Square Feet | 8,508 Square Foot Lot

LOOKING TO ACHIEVE SIMILAR RESULTS? FIND OUT YOUR HOME’S CURRENT VALUE TODAY! 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.