The third quarter brings a more balanced market to the Eastside with the number of homes listed for sale up significantly from the same quarter last year.
The average residential sale price increased 7% over last year’s numbers while the number of homes sold decreased slightly to 2,434 in the Woodinville-Bellevue region that represents the Eastside.
The average cost per square foot on the Eastside increased year-over-year to $276 from $256 in the third quarter of last year. The average sale price on the Eastside, at $734,342 this quarter, was considerably higher than the Seattle or King County average, making the Eastside the priciest region in the greater Seattle area.
The Eastside condo market saw the average sale price increase 6% over last year and the average cost per square foot increase 5% to $276. The number of condo units sold decreased by 10% to a total of 689 sales in the third quarter.
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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.