Thanks Rene!  Homebuyers and Sellers, let us know if you'd like a report for your neighborhood. Just post your comment here, and we'll see what we can do. Remember King, Snohomish, and Pierce Counties only for now. Thanks!!

- Julie McCullough Hale, Ticor Title & Escrow, RRNetwork.com, Seattle

Via René Fabre Internet Marketing (Ticor Title Company):

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.

Mercer Island, Washington - Google Map

 

 

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
 
 
Ticor Title ITMr2 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
 
This post has been included in Washington Information King County, WA Information

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Julie McCullough Hale

Seattle, WA

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Ticor Title Company

Cell Phone: (206) 478-7312

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Review of Seattle Metropolitan Magazine's '107 Neighborhoods' report, April 2009 issue


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