Average residential sales prices continue to climb on the Eastside, spurred by significant redevelopment and long-awaited new construction on lots closest to downtown suburban city hubs.
The average cost per square foot on the Eastside climbed to $282 from $249 during the second quarter of last year. Average sale prices increased to $765,132 from $665,924–a 15% rise over last year and the largest increase region-wide.
The Eastside condo market, from Bellevue to Woodinville, continues to show strength as average sale prices increase to $344,130 from $270,000 a year ago. Of note is that condos located closest to the core downtown areas of Bellevue and Kirkland have benefited most greatly in this market.
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© Copyright 2014, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.