Just east of Seattle, west of Bellevue, and north of Renton over Interstate 90 in the southend of Lake Washington stands Mercer Island. Mercer Island is also a city, and one of the premiere neighborhoods in the Northwest. The only way on and off this Island City without a boat is Interstate 90.
You're just minutes from downtown Seattle, or Bellevue.
Some of my favorite views are from the south end of the Island... looking south and east at the Cascade Mountains and Mt. Rainier...
At my most recent count Mercer Island has 7162 homes. There are 782 with Lake Washington lake front.
Our study today is only looking at MI properties that are not waterfront. As most of you are very aware, waterfront and non-waterfront properties is like comparing apples and almonds, you can't.
| Residential Transaction Study | 6/20/2009 |
| Project description: Mercer Island, WA 98040 (SFD's) | |
| monthly market | Most recent transaction: 6/12/2009 | Market (homes): 6386 |
| month | year | sales | mrkt% | $/sqft | avg price | median |
| Jun | 2009 | 5 | 0.1% | $283 | $1,073,000 | $980,000 |
| May | 2009 | 11 | 0.2% | $328 | $979,453 | $819,000 |
| Apr | 2009 | 7 | 0.1% | $336 | $1,101,214 | $980,000 |
| Mar | 2009 | 9 | 0.1% | $305 | $903,722 | $765,000 |
| Feb | 2009 | 4 | 0.1% | $258 | $747,000 | $754,000 |
| Jan | 2009 | 5 | 0.1% | $232 | $833,600 | $835,000 |
| property characteristics |
| 1 story | 3783 | w/ bsmt | 3,841 | platted | 5,714 |
| 1.5 story | 256 | avg bsmt sqft | 1,330 | avg lot sqft1 | 12,734 |
| 2 story | 2260 | w/ garage | 3,842 | unplatted | 672 |
| 3+ story | 36 | avg garage sqft | 535 | avg lot sqft2 | 20,318 |
| avg % imprvd | 22% | avg year built | 1968 | avg bldg sqft | 3,066 |
| avg # beds | 4 | avg # baths | 2 |
| 1avg lot sqft of all platted properties | 2avg lot sqft of all unplatted properties | |
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The data used in this report is deemed reliable, but not guaranteed. Ticor Title cannot be held responsible for any inaccuracies. © 2004-2009 Ticor Title Renton WA 98057 |
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