2011 Market Report for Mercer Island, Washington

2011 Market Report for Mercer Island, Washington

2011 Market Report for Mercer Island, Washington

Mercer Island real estate was on a lot of residents minds this last year. Now that the year is over we can report activity, averages and trends.

Mercer Island real estate activity has been slow but sure, based on the available information and the experience of the Phil Leng Team. We have sold 68 homes this past year, with an average market time of 49 days.

However the overall statistics for Mercer Island are sobering. Which of these two categories do you want to be in? The red category, or the green category? If you use The Phil Leng Team to sell your property this year, we will help you get into the sold category. Let us get you in the green!


The trend of median sold prices in Mercer Island is modest from this next graph. The median price appears to have held somewhat steady through 2011.

Perhaps the good news in Mercer Island is that the number of new properties going for sale every month has been dropping over the last year. It looks like the trend of new listings every month is down 17%.


The average Days on Market in Mercer Island appears to have been going down steadily.

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