Sales of Mercer Island waterfront homes have continued to push a strong path through 2011, bolstered by two recent waterfront homes selling in less than one week on the market. As the general market seems to be saddled with a flat pace, waterfront real estate sales in Mercer Island are up 28% so far in 2011.
There have been 23 waterfront homes sold in Mercer Island, year-to-date in 2011. At this same point in 2010, there had been just 18 waterfront homes sold, and only 8 such homes sold during 2009's dismal year of luxury and waterfront real estate sales. The number of multi-million dollar homes being sold are increasingly a testament to the strength of high-end sales in the most sought-after communities in Greater Seattle.
The two most recent sales of waterfront homes were on opposite ends of the island, with the first being a West Mercer Way home on the southwest corner of the island. Sold for $2.78 million, the home was on the market just 6 days. The other sale was on the northeast corner and sold for $3.01 million after just 5 days on the market.
You've heard it from me before, but it bears repeating. In this market, a home that is attractively presented, well-marketed, and priced correctly, will sell. There are buyers for every level of real estate in Greater Seattle, but sellers must be realistic about the adjustments in pricing we've seen in recent years. Without a realistic price, it's not worth listing the home.
Recent Mercer Island Waterfront Home Sales
8055 W Mercer Way, Mercer Island WA - 5 beds, 5.75 baths, 5318 sq ft
9434 SE 33rd St, Mercer Island WA - 5 beds, 2.5 baths, 4469 sq ft
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