Eastside Quarterly Report

Review of Q2 2015 Eastside Home Sales

 

With Google’s Kirkland expansion and the announcement of the new Microsoft-backed Global Innovation Exchange (GIX), the Eastside is on track to become ‘Silicon North’ per the Puget Sound Business Journal. Development in the newly planned Spring District will give East Bellevue its biggest boost in years and eventually create a quick ‘link’ commute that is very attractive to Eastside residents.

"The median residential sale price increased 6.4% over Q2 ‘14 across the Woodinville-Bellevue region that represents the Eastside. Price gains were not equal throughout this very diverse region however. Kirkland had the strongest year-over-year gain with an 11.7% increase in median sale price, followed by West Bellevue at 10.4%, and East Bellevue at 8.7%."

With an average sale price of $2.1 million, the priciest neighborhood on the Eastside continues to be West Bellevue (which is comprised of Hunts Point, Medina and the region of Bellevue lying West of I-405) followed by Mercer Island at $1.6 million. The most affordable homes on the Eastside are found in north King County in the Juanita-Woodinville area with an average sale price of $603,620.

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

 

 

© Copyright 2015, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.