Q4 14 Eastside Waterfront Report
4
EASTSIDE | Waterfront Activity Report MERCER ISLAND 206.232.0446 thewaterfrontreport.com fourth quarter 2014
-
Upload
windermere-mercer-island -
Category
Documents
-
view
213 -
download
0
description
The Eastside private waterfront market saw a significant 55% increase in the number of units transacted—from 38 sales in 2013 to 59 in 2014. This was likely driven, in part, to buyers finding more desirable homes here than in areas seeing a lack of availability in the number of homes for sale in other areas such as Lake Sammamish. The desire to be closer to core metro areas and shorter commute times also played a large factor. The average sale price was up 38%, but much of that increase is the result of more sales at the higher end of the market. The cost per waterfront acre and cost per front foot increased a more stable 4% and 3%, respectively. The cost per home square foot increased 27%. All in all, a very nice year for Eastside waterfront.
Transcript of Q4 14 Eastside Waterfront Report
EASTSIDE | Waterfront Activity Report
MERCER ISLAND206.232.0446 thewaterfrontreport.com
fourth quarter 2014
EASTSIDE │ Quarterly Waterfront Report Q4-2014
*Reflected as a 12 month rolling average. ©2012-2014 Windermere Real Estate/Mercer Island. Data prepared by Windermere Real Estate/Mercer Island. For questions or comments, email [email protected].
TheWaterfrontReport.com │ Waterfront information and data for Seattle, the Eastside, Mercer Island and Lake Sammamish
Click to view this quarter's New, Pending, and Sold listings
$740 $722 $671 $714$606 $660 $687
$784 $772
Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14
Average Cost per Home Square Foot*
$36 $38 $39$43 $40 $38 $39 $40 $41
Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14
Average Cost per Waterfront Foot (thousands)*
$2.7 $2.6 $2.5$2.9
$2.6$2.9 $3.1 $3.3
$3.6
Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14
Average Sale Price (millions)*
$6.6$7.6 $7.7 $7.8 $7.4
$6.4 $6.9 $7.3 $7.7
Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14
Average Cost per Acre (millions)*
18.0
9.0
5.43.7 3.8 4.7
3.34.9
7.4 7.6
2.95.6
2.8
10.0
16.0
O-13 N-13 D-13 J-14 F-14 M-14 A-14 M-14 J-14 J-14 A-14 S-14 O-14 N-14 D-14
Month's Supply of Inventory
36 36
2722
1914
3034
37 38
29 2822 20
16
2 4 5 6 5 39 7 5 5
105
82 1
O-13 N-13 D-13 J-14 F-14 M-14 A-14 M-14 J-14 J-14 A-14 S-14 O-14 N-14 D-14
Active Listings to Pending Sales Active
Pending
The number of active listings currently offered for sale is represented by the bars, while the number of pending sales is graphed on the line.
This chart shows the number of months it would take to sell all active listings based on the rate of pending sales, assuming no new listings came to market.
The average cost per acre, as solid pricing benchmark, is determined by dividing the average sale price by the lot size of the property in acres.
The average sales price represents the total of all the sales prices, divided by the number of homes sold each quarter.
This is where the text goes. This is where the text goes. This is where the text goes. This is where the text goes. This is where the text goes.
The cost per waterfront foot fronting Lake Washington, Lake Sammamish, or Puget Sound, by dividing the average sale price by the linear waterfront footage of all parcels.
Status Community Status Date Year Built Square Feet Lot Acres Waterfront Ft $ per Wtr Ft* $ per Acre* Sale Price List Price
Pending Feasibility Evergreen Point 12/15/14 1970 3,570 0.46 70 $48,571 $7,391,304 $3,400,000
Sold West Of Market 12/10/14 1939 2,160 0.80 75 $35,065 $3,279,122 $2,252,500 $2,629,856
Sold Kirkland 12/10/14 1993 4,490 1.30 122 $28,689 $2,692,308 $3,120,000 $3,500,000
Sold Kennydale 12/3/14 2014 3,818 0.15 40 $59,975 $15,887,417 $2,399,000 $2,399,000
Sold Juanita Point 11/26/14 1957 4,466 1.28 117 $29,915 $2,727,981 $3,070,000 $3,500,000
Pending Inspection Holmes Point 11/23/14 1989 3,608 0.22 60 $37,500 $10,180,995 $2,250,000
Pending West Of Market 11/21/14 1939 2,160 0.80 75 $35,065 $3,279,122 $2,629,856
Sold Arrowhead 11/20/14 1980 4,714 0.53 102 $17,157 $3,314,394 $1,600,000 $1,750,000
Sold Medina 11/14/14 1995 6,920 0.71 125 $66,400 $11,723,164 $7,700,000 $8,300,000
Active Newcastle 11/13/14 2003 6,840 0.26 70 $51,269 $13,803,077 $3,588,800
Sold Meydenbauer 11/10/14 1987 3,750 0.32 60 $47,500 $8,796,296 $2,850,000 $2,850,000
Active Meydenbauer 11/4/14 1975 6,500 0.24 61 $71,934 $18,207,469 $4,388,000
Active Holmes Point 11/3/14 1968 2,760 0.17 70 $30,000 $12,209,302 $2,100,000
Pending Inspection Newport Shores 10/31/14 1976 5,010 0.40 96 $31,125 $7,564,557 $2,988,000
Pending Juanita Point 10/29/14 1957 4,466 1.28 117 $29,915 $2,727,981 $3,500,000
Active West Of Market 10/29/14 1982 5,124 0.27 60 $61,250 $13,815,789 $3,675,000
Active Yarrow Point 10/29/14 2003 5,881 0.70 100 $64,950 $9,331,897 $6,495,000
Pending Kirkland 10/26/14 1993 4,490 1.30 122 $28,689 $2,692,308 $3,500,000
Sold West Of Market 10/23/14 1999 8,960 0.23 97 $55,660 $23,473,913 $5,110,800 $5,399,000
Pending Inspection Arrowhead 10/22/14 1980 4,714 0.53 102 $17,157 $3,314,394 $1,750,000
Sold Downtown 10/20/14 2002 8,988 0.08 55 $134,091 $95,779,221 $6,700,000 $7,375,000
Sold Kennydale 10/14/14 2014 3,800 0.13 40 $62,475 $19,223,077 $2,230,000 $2,499,000
Sold Yarrow Point 10/13/14 1964 3,640 0.34 116 $37,931 $12,979,351 $4,000,000 $4,400,000
Pending Meydenbauer 10/11/14 1987 3,750 0.32 60 $47,500 $8,796,296 $2,850,000
Pending Medina 10/8/14 1995 6,920 0.71 125 $66,400 $11,723,164 $8,300,000
Sold Holmes Point 10/7/14 1963 3,120 0.18 70 $27,143 $10,674,157 $1,748,000 $1,900,000
Sold Bellevue 10/2/14 1957 4,303 0.63 78 $34,615 $4,292,528 $2,650,000 $2,700,000
Active Juanita Point 9/26/14 1957 4,466 1.28 117 $29,915 $2,727,981 $3,500,000
Sold Downtown 9/25/14 1999 4,475 0.47 75 $38,519 $6,159,676 $2,574,000 $2,888,888
Sold Holmes Point 9/24/14 1928 2,980 0.31 50 $27,980 $4,571,895 $1,595,000 $1,399,000
Pending Feasibility Evergreen Point 9/19/14 1970 3,570 0.46 70 $48,571 $7,391,304 $3,400,000
Sold Downtown 9/19/14 1938 1,260 0.71 125 $67,960 $12,032,578 $7,550,000 $8,495,000
Pending Feasibility Juanita Point 9/18/14 1950 2,520 0.47 156 $13,622 $4,560,086 $2,125,000
Active Juanita Point 9/18/14 1940 3,900 0.65 127 $27,520 $5,410,217 $3,495,000
Active Hunts Point 9/18/14 2006 7,112 0.88 100 $99,500 $11,268,403 $9,950,000
Sold Evergreen Point 9/13/14 1990 4,830 0.51 70 $55,000 $7,534,247 $3,640,900 $3,850,000
Active Evergreen Point 9/13/14 1914 3,620 1.03 148 $29,730 $4,280,156 $4,400,000
Sold Enatai 9/12/14 1946 3,400 0.38 107 $27,925 $7,904,762 $2,913,000 $2,988,000
Sold Evergreen Point 9/11/14 1913 2,690 1.26 72 $72,222 $4,126,984 $5,000,000 $5,200,000
Pending Feasibility Holmes Point 9/10/14 1932 1,100 0.97 67 $43,284 $2,980,473 $2,900,000
Active Newport Shores 9/9/14 1976 5,010 0.40 96 $31,125 $7,564,557 $2,988,000
TheWaterfrontReport.com │ Waterfront information and data for Seattle, the Eastside, Mercer Island and Lake Sammamish
EASTSIDE │ Recent Waterfront Activity Q4-2014
*Based on the listed price. ©2012-2014 Windermere Real Estate/Mercer Island. Data prepared by Windermere Real Estate/Mercer Island. For questions or comments, email [email protected].
ABOUT | Windermere Mercer Island
In everything we do we put our clients first. We enable them to make sound real
estate decisions through professional representation, expert advice, and deep
neighborhood and community knowledge. Our clients enjoy a friendly, personalized
experience as we competently guide them through their real estate transaction to
achieve their hopes, dreams and goals.
Centrally located on Mercer Island, our team of talented Realtors® serves Seattle,
Mercer Island, and greater Eastside. Our neighborhood and community engagement
goes beyond being avid supporters of Island and regional organizations and events—
we are active neighbors and volunteers who enjoy making a difference in our world.
Data prepared and analyzed by Windermere Real Estate/Mercer Island from NWMLS provided data. For questions or comments, email Julie Barrows at [email protected]. ©2012-2014 Windermere Real Estate/Mercer Island
EASTSIDE | Waterfront Facts
A N N U A L S N A P S H O T
AVERAGE SALE PRICE $3,777,950
HIGHEST SALE $11,300,000
LOWEST SALE $909,375
# SOLD IN 2014 59
AVERAGE DAYS ON MARKET 172
AVERAGE SQUARE FEET 4,510
AVERAGE YEAR BUILT 1974
AVERAGE LOT SIZE 0.54 ACRES
AVERAGE WATERFRONT FOOTAGE 89 FEET
The Eastside’s private waterfront consists of homes sited along Lake Washington from just north of St. Edwards
State Park to Newcastle Beach Park; encompassing the cities of Kenmore, Kirkland, Bellevue, Medina, Newcastle
and Renton.
The water’s edge along the east side of Lake Washington includes many desirable points, bays and vistas—
especially those centrally located in the Yarrow Point, Hunts Point and Media neighborhoods.
Unlike those homes situated on the west side of the lake, the east side enjoys exceptional sunsets from their
vantage point along the eastern shore line. Many homes feature low or no-bank waterfront providing level beach
access and spacious docks.
