Mary Lee - Mercer Island - June 2018

MERCER ISLAND

Mary Lee & Associates

Real Estate Market Report | June 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.

WAITING

CAN COST! H OW D O E S WA IT I N G A F F E C T T H E SALE O F YO U R HO M E ?

Housing agencies predict that interest rates could reach new highs by the end of 2018, increasing the overall cost to purchase, thus greatly reducing the number of qualified buyers!

LOAN AMOUNT

INCREASED COST

$750,000

$107,522

$1,000,000

$143,364

$1,250,000

$179,205

$1,500,000

$215,046 Visit www.MercerIslandHouseValue.com for community info, current listings, and more.

Jonathan and Angela-Marie, Call (425) 941-4229 to learn how my marketing will attract qualified buyers and allow you to purchase your next home before interest rates increase!

PREPARED ESPECIALLY FOR Interest Rate as of March 15th, 2018 was 4.44%, Freddie Mac predicts a 5.1% interest rate throughout 2019.

Jonathan and Angela-Marie Williams

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

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

LIVING, LOVING AND PROMOTING OUR COMMUNITY’S VALUE

MERCER ISLAND Total Baths 1.0 1.0 0.1 0.0 2.1 2.0 3.1 2.1 4.0 3.1 4.1 4.1 4.1 3.1 2.1

Estimated Square Feet 1,810 1,430 1,520 2,280 3,090 2,400 2,924 3,620 3,394 5,060 4,368 5,308 5,480 7,390 6,117

Year Built 1955 1952 1952 1963 1994 2001 1996 2007 2018 1974 2019 2018 2007 1996 1984

List Price $999,000 $1,000,000 $1,258,000 $1,300,000 $1,379,000 $1,525,000 $1,685,000 $2,350,000 $2,399,950 $2,500,000 $3,398,000 $3,450,000 $3,780,000 $3,998,000 $4,750,000

List Date 04/25/18 04/25/18 04/25/18 04/24/18 03/27/18 04/23/18 04/17/18 04/18/18 04/24/18 04/17/18 04/09/18 04/04/18 03/27/18 03/27/18 04/24/18

Mercer Island Homes Recently Sold Bedrooms 5 4 4 3 5 4 3 4 4 4 3

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

Pending

Estimated Square Feet 4,950 4,120 2,740 2,144 7,930 1,990 2,440 3,728 4,440 3,770 3,080

Year Built 1976 2000 1959 1990 2010 1958 1986 2017 1985 1997 1957

List Price $2,500,000 $1,645,000 $1,495,000 $879,000 $3,200,000 $959,000 $1,445,000 $2,938,000 $4,388,000 $1,800,000 $988,000

List Date 02/27/18 03/20/18 03/06/18 03/01/18 03/30/18 04/03/18 03/20/18 02/21/18 02/06/18 02/20/18 03/13/18

Sold Price $2,450,000 $1,614,415 $1,520,000 $879,000 $3,225,000 $1,056,000 $1,530,000 $2,938,000 $4,114,705 $1,800,000 $1,068,000

Sold Date 04/26/18 04/25/18 04/24/18 04/23/18 04/23/18 04/20/18 04/20/18 04/20/18 04/19/18 04/16/18 04/13/18

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 April 26th, 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: 48 Pending Sales: 48 Homes Recently Sold: 11 Average Sold Price: $2,017,738

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

Address 5456 E Mercer 3710 Gallagher Hill Road 6015 90th SE Avenue 6520 E Mercer Way 6434 E Mercer Way 3812 76th SE Avenue 7260 92nd SE Avenue 8361 SE 31st Street 9820 SE 35th Place 8320 SE 30th Place 4048 89th SE Avenue

Active

MERCER ISLAND

There are currently 48 homes pending in Mercer Island.

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

www.MercerIslandHouseValue.com

Real Estate Market Report

Mercer Island Homes Recently Listed (Showing 15 of 48 Total Active Homes) Bedrooms 3 3 3 4 3 3 5 5 5 4 5 6 5 5 4

You will not be contacted with any other solicitation.

CURRENT MARKET ACTIVITY

Mary Lee & Associates A New Level of Service & Results

Address 3046 71st SE Avenue 5466 E Mercer Way 6615 SE 25th Street 4334 91st SE Avenue 4761 Fernridge Lane 8470 SE 69th Place 8020 E Mercer Way 8441 SE 37th Street 9702 SE 41st Street 7837 SE 63rd Place 4105 94th SE Avenue 9022 SE 59th Street 3256 72nd SE Place 3630 W Mercer Way 3840 E Mercer Way

Jonathan 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.

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(KeyBank Building - Parking in back)

Status Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active

Curious About Your Home’s Value?

5-STAR ZILLOW AGENT “A very professional team, Mary and Jeff know real estate and the market. They were able to provide guidance on the best way to position our home in the market, providing suggestions on improvements and fixes needed to attract committed buyers. They were always available to answer questions and reassure us the process was on track. From start to finish, they were a joy to work with, and in the end, we had multiple offers and sold for over our asking price less than one week after we listed our house. If I ever sell another house they would be the first people I would call.”

Average Days On Market (Sold): 11 Google 2018

©

MARY’S KEYS TO SUCCESS • Professional Staging • Professional HD Photography • Professional Videography • Individual Property Website

• Local, National, and International Exposure • Custom Magazine-Style Brochures • Expert Negotiation Skills and Strategies • Zero Cost Mortgage through Keller Mortgage

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