Eastside Report

The Eastside has benefitted greatly from the tech industry expansion of several well-known companies who’ve decided to call the Eastside home.

One look at the Bellevue city skyline or the list of major employers growing in Kirkland leaves no doubt that the numbers are real.

The first quarter of 2016 was a solid seller's market with limited supply of homes to meet buyer demand.

Monthly housing costs increased 6% in Q1 over those in Q4 and 16% over Q1 of 2015. More conservative than Seattle’s growth despite the Eastside’s higher price point.

While most areas continue to be dominated by a seller-favored environment, balanced markets are popping up—particularly in the higher price brackets.

Eastside residential homes benefited from significant year-over-year appreciation – with Q1 2016 prices up 15.6% over Q1 of last year.

Mercer Island, East Bellevue, Juanita-Woodinville showed this strongest year-over-year price gains in Q1 while West Bellevue prices stagnated following a run-up in Q3 of 2015.

Click here for the full report and to see how prices fared in your neighborhood!

 

 

© Copyright 2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.