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West Bellevue Market Review

Q3

Real estate statistics for the third quarter of 2015


2015 Q3 OV ER V I E W

488

homes sold in West Bellevue through the 3rd quarter of 2015. That number was not only a 32 percent increase over last year, it also surpassed the number of sales during the height of the real estate boom in 2007. Strong demand and tight inventory continue to propel home values upward. • Properties in good condition are selling quickly. A $3.7 million home on Yarrow Point sold in just four days after being listed. • New construction of high-end homes is bringing fresh luxury inventory to the area. • There continues to be strong competition from international buyers, particularly for the limited inventory of waterfront homes. Brokers estimate that Chinese nationals account for about 40 percent of luxury home sales on the Eastside.

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Bellevue: West of I-405.................................................................. 4 • Bellevue ............................................................................................... 6 • Clyde Hill ............................................................................................. 8 • Hunts Point ......................................................................................10 • Medina ................................................................................................12 • Yarrow Point ...................................................................................14 Market Share .......................................................................................16 Why Windermere..............................................................................18 Local Expertise, Global Connections ..............................20

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Bellevue / West of I-405

Higher Price Listing (75th percentile)

West Bellevue – Clyde Hill 9801 NE 24th Street

$2,388,000 4 Bed / 4.5 Bath / 5,820 SQFT MLS #: 843840 Lot Size: 0.38 acres Year Built: 1951 Style: 2 Story Views: Territorial School District: Bellevue

Median Price Listing

West Bellevue 10020 NE 22nd Street

$1,900,000 4 Bed / 3.25 Bath / 4,700 SQFT MLS #: 799949 Lot Size: 10,190 sq ft Year Built: 2007 Style: 1 Story with Basement Views: None School District: Bellevue

Lower Price Listing (25th percentile)

West Bellevue – Clyde Hill 9803 NE 30th Street

$1,380,000 3 Bed / 1.5 Bath / 2,350 SQFT MLS #: 837605 Lot Size: 9,348 sq ft Year Built: 1952 Style: 1 Story with Basement Views: City, Lake, Mountain

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School District: Bellevue


2015 Q3

Median Closed Sales Price > for year ended SEPTEMBER 30th $1,426,500

$1,390,000 $1,255,950

$1,492,500

$1,225,000

$1,110,000 $985,000

$1,000,000

$950,000 $870,000

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Number of Units Sold > for year ended SEPTEMBER 30th 488 421 377

2006

2007

210

214

2008

2009

341

349

2010

2011

361

357

2012

2013

370

2014

2015

All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

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Bellevue

Higher Price Listing (75th percentile)

Bellevue 9857 NE 27th Street

$2,298,000 4 Bed / 3.5 Bath / 4,170 SQFT MLS #: 829645 Lot Size: 8,505 sq ft Year Built: 2008 Style: 2 Story Views: none

Median Price Listing

Bellevue 9825 NE 32nd Street

$1,580,000 4 Bed / 2.5 Bath / 3,820 SQFT MLS #: 826429 Lot Size: 0.37 acres Year Built: 1975 Style: 1 Story with Basement Views: none

Lower Price Listing (25th percentile)

Bellevue 1735 112th Ave NE

$865,000 2 Bed / 1.75 Bath / 1,420 SQFT MLS #: 773307 Lot Size: 10,082 sq ft Year Built: 1980 Style: 1½ Story Views: Territorial

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2015 Q3

Median Closed Sales Price > for year ended SEPTEMBER 30th $1,150,000 $1,050,000

$1,000,000

$1,091,750

$944,000 $875,000

$825,000

$792,500

$785,000 $680,000

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

338

Number of Units Sold > for year ended SEPTEMBER 30th 250

245 216

2006

2007

144

141

2008

2009

2010

222

2011

237

230 212

2012

2013

2014

2015

All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

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Clyde Hill

Higher Price Listing (75th percentile)

Clyde Hill 1315 94th Avenue NE

$3,158,888 5 Bed / 4.5 Bath / 5,940 SQFT MLS #: 845464 Lot Size: 0.34 acres Year Built: 1999 Style: 2 Stories w/Basement Views: City, Lake, Mountain, Territorial

Median Price Listing

Clyde Hill 2514 88th Avenue NE

$2,050,000 6 Bed / 4.25 Bath / 4,250 SQFT MLS #: 826920 Lot Size: 0.45 acres Year Built: 1967 Style: 1 Story w/Basement Views: City, Lake, Mountain

Lower Price Listing (25th percentile)

Clyde Hill 9616 NE 27th Street

$1,200,000 3 Bed / 2.75 Bath / 2,560 SQFT MLS #: 854454 Lot Size: 10,125 sq ft Year Built: 1955 Style: Multi Level Views: Mountain, Lake, City

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2015 Q3

Median Closed Sales Price > for year ended SEPTEMBER 30th $1,907,500

$1,880,000 $1,749,000

$1,687,500 $1,463,750

$1,400,000

$1,445,000

$1,125,000

2006

2007

2008

2009

2010

$1,500,000

$1,225,000

2011

2012

2013

2014

2015

Number of Units Sold > for year ended SEPTEMBER 30th 69 61

57

55 49

56 49

42

30 22

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

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Hunts Point

Higher Price Listing (75th percentile)

Hunts Point Waterfront 3113 Fairweather Place

$4,788,000 3 Bed / 3.75 Bath / 3,250 SQFT MLS #: 830921 Lot Size: 0.37 acres Year Built: 1998 Style: 1 Story Views: Bay, Canal, Lake

Median Price Listing

Hunts Point 3404 Hunts Point Road

$2,788,000 4 Bed / 3.0 Bath / 3,300 SQFT MLS #: 764646 Lot Size: 0.37 acres Year Built: 2011 Style: 2 Story Views: none

Lower Price Listing (25th percentile)

Hunts Point 3028 Hunts Point Circle

$2,498,000 5 Bed / 4.0 Bath / 3,760 SQFT MLS #: 796625 Lot Size: 0.28 acres Year Built: 2005 Style: 2 Story Views: none


2015 Q3

Median Closed Sales Price > for year ended SEPTEMBER 30th

$6,900,000 $6,725,000 $6,300,000 $5,450,000

$3,900,000

$2,500,000 $2,036,250 $1,241,500

$1,170,000 NO SALES

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Number of Units Sold > for year ended SEPTEMBER 30th

12 11 9

6

6

6 5 3

2006

2007

1

NO SALES

2008

2009

2010

2011

2012

2013

2014

2015

All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

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12

Medina

Higher Price Listing (75th percentile)

Medina 1229 Evergreen Point Road

$6,600,000 5 Bed / 5.0 Bath / 5,780 SQFT MLS #: 750841 Lot Size: 0.8 acres Year Built: 1993 Style: Multi Level Views: Mountain, Lake, City

Median Price Listing

Medina 7614 Overlake Drive W

$2,288,000 4 Bed / 3.25 Bath / 3,240 SQFT MLS #: 848466 Lot Size: 10,000 sq ft Year Built: 1969 Style: 2 Stories w/Basement Views: Territorial, Partial

Lower Price Listing (25th percentile)

Medina 8015 NE 28th Street

$ 845,000 2 Bed / 2.0 Bath / 1,100 SQFT MLS #: 842100 Lot Size: 9,382 sq ft Year Built: 1952 Style: 1 Story Views: Territorial


2015 Q3

Median Closed Sales Price > for year ended SEPTEMBER 30th $2,167,301 $1,950,000

$1,925,000 $1,750,000 $1,450,000 $1,501,000

$1,431,500 $1,297,500

2006

2007

2008

2009

$1,351,000 $1,340,000

2010

2011

2012

2013

2014

2015

Number of Units Sold > for year ended SEPTEMBER 30th 65

53

52

55

57

55

58

35 28

2006

2007

2008

30

2009

2010

2011

2012

2013

2014

2015

All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

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Yarrow Point

Higher Price Listing (75th percentile)

Yarrow Point 4680 95th Avenue NE

$6,590,000 (sold) 5 Bed / 4.25 Bath / 4,930 SQFT Lot Size: 0.39 acres Year Built: 1967 Style: 1½ Story Views: Bay, City, Lake, Mountain

Median Price Listing

Yarrow Point 3827 94th Avenue NE

$3,298,800 4 Bed / 4.75 Bath / 5,122 SQFT MLS #: 663162 Lot Size: 0.29 acres Year Built: 2015 Style: 2 Story Views: Lake

Lower Price Listing (25th percentile)

Yarrow Point 4228 91st Avenue NE

$2,099,950 4 Bed / 4.25 Bath / 5,483 SQFT MLS #: 823901 Lot Size: 0.41 acres Year Built: 1983 Style: Split Entry Views: none


2015 Q3

Median Closed Sales Price > for year ended SEPTEMBER 30th

$2,999,000

$2,112,500

$1,370,000

$1,205,000

2006

2007

$1,725,000

$1,600,000

$1,500,000

2008

2009

$1,576,000

$1,466,025

$1,140,000

2010

2011

2012

2013

2014

2015

20

20

2014

2015

Number of Units Sold > for year ended SEPTEMBER 30th

19

20

19

21

18

12

12 9

2006

2007

2008

2009

2010

2011

2012

2013

All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

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Market Share by Company 2014

Bellevue > WEST OF I-405 > by number of transactions

38%

Windermere

27% 20%

Coldwell Banker

12% 9% 9%

John L. Scott 5%

RE/MAX Keller Williams

7% 3% 2%

Sotheby’s 2% International Realty 2% Skyline

2% 7%

NWG Real Estate

1% 2%

Redfin

1% 2%

RSVP Real Estate

1% 3%

Companies not shown have less than 1% market share in buyers or sellers or both.

5%

10%

15%

20%

25%

30%

35%

40%

 Representing Sellers  Representing Buyers

Graphs were created by Windermere using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences and condominiums sold from 1/1/2014–12/31/2014 in area 520.


2014 Market Share by Company

Bellevue > WEST OF I-405 > transactions over $3,000,000

66%

Windermere

39% 23%

Coldwell Banker Skyline RE/MAX

9% 2% 9% 2% 7%

NWG Real Estate

2% 2%

The Force Real Estate

2% 2%

Companies not shown have less than 1% market share in buyers or sellers or both.

5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65%

 Representing Sellers  Representing Buyers

Graphs were created by Windermere using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences and condominiums sold from 1/1/2014–12/31/2014 in area 520 with a sales price of $3,000,000 or more.

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Why Windermere

The Sign in Your Yard Matters A recent study shows that NWMLS brokers in King County are more confident working with Windermere brokers than any other brand.

Percent of respondents indicating they were completely confident or confident in a doing a transaction. Windermere

81%

Coldwell Banker

71%

John L. Scott

64%

RE/MAX

54%

Sotheby’s International Realty

48%

Keller Williams

45%

Lake & Company

43%

Berkshire Hathaway

34%

Gerrard Beattie & Knapp

27%

Redfin

16%

The Cascade Team

9%

The Force Real Estate

9%

RSVP Real Estate

9%

10%

20%

30%

40%

50%

60%

70%

80%

90%

The study was conducted by a third party in 2015 and included brokers who closed six or more transactions in the previous year.


2014 Donation Grantees List Eastside Windermere Foundation

A Brighter Future Because of You! The Windermere Foundation benefits local nonprofits in our neighborhoods. Together we can give homeless and low-income children in our communities an opportunity for a brighter future. Below are the nonprofits that received Eastside Windermere Foundation funds in 2014. Acres of Diamonds Provides homeless women and children a safe haven and academic, relational and emotional mentoring.

Friends of Youth Provides the only teen shelter for homeless and atrisk youth on the Eastside. Shelter is in Redmond.

Assistance League of the Eastside Operation Scholl Bell provides new Back-To-School clothing for disadvantaged students on the Eastside.

Jubilee Reach Works to prevent homelessness among low income families with children in the Bellevue School District.

Attain Housing Transitioning homeless into stable, permanent housing.

Kindering Provides parent coaching at transitional housing sites.

Backpack Meals Provides weekend’s worth of food to low income students in the Bellevue School District.

LifeWire (formerly Eastside Domestic Violence) Provides emergency housing and support services for those fleeing abusive home situations.

Bellevue Boys and Girls Club Funds going to Project Learn — serving kids from 3 East Bellevue low-income housing developments.

Mamma’s Hands The House of Hope program supports three shelters for homeless women and children in crisis.

Bellevue Lifespring (formerly Overlake Service League) Provides meals to children on free and reduced cost lunch programs when school is not in session.

NW Arts Center Provides after school art-based alternatives for children.

Birthday Dreams Provides Birthday-In-A-Box to homeless children.

Royal Family Kids Camp Provides summer camp experiences for abused foster children.

CCS–Harrington House Provides housing and supportive services to homeless women who are pregnant or new parents.

Treehouse Helps to close the basic needs gap for 200 Eastside foster children.

Eastside Baby Corner Distributes basic need items for infants and children.

Valley Renewal Provides food, shelter and supplies to those in need in the Snoqualmie Valley.

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®

OVER 500 FIRMS n 3,500 OFFICES n 120,000 ASSOC OVER ONE MILLION TRANSACTIONS n $314 BILLI

® ®

OVER 500 FIRMS n 3,500 OFFICES n 120,000 ASSOCIATES n NEARLY 50 COUNTRIES OVER ONE MILLION TRANSACTIONS n $314 BILLION IN ANNUAL HOME SALES

WORC 05/14 #14146-4

® ®

OVER 500 FIRMS n 3,500 OFFICES n 120,000 ASSOCIATES n NEARLY 50 COUNTRIES OVER ONE MILLION TRANSACTIONS n $314 BILLION IN ANNUAL HOME SALES

WORC 05/14 #14146-4

windermere.com

Profile for Windermere Eastside

West Bellevue Market Review Third Quarter 2015  

West Bellevue real estate statistics for the third quarter.

West Bellevue Market Review Third Quarter 2015  

West Bellevue real estate statistics for the third quarter.

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