West Bellevue Market Review · MLS #: 826429 Lot Size: 0.37 acres Year Built: 1975 Style: 1 Story with Basement Views: none Median Price Listing. Graphs were created by Windermere

West Bellevue Market Review

Q3 Real estate statistics for the third quarter of 2015

2

2015 Q3 OV ERV IE W

488 homes sold in West Bellevue through the 3rd quarter of 2015.

That number was not only a 32 percent increase over last year,

it also surpassed the number of sales during the height of the

real estate boom in 2007. Strong demand and tight inventory continue to propel

home values upward.

• Properties in good condition are selling quickly. A $3.7 million home on Yarrow Point sold in just four days after being listed.

• New construction of high-end homes is bringing fresh luxury inventory to the area.

• There continues to be strong competition from international buyers, particularly for the limited inventory of waterfront homes. Brokers estimate that Chinese nationals account for about 40 percent of luxury home sales on the Eastside.

3

Bellevue: West of I-405 ................................................................. 4

• Bellevue .............................................................................................. 6

• Clyde Hill ............................................................................................ 8

• Hunts Point .....................................................................................10

• Medina ...............................................................................................12

• Yarrow Point ..................................................................................14

Market Share ......................................................................................16

Why Windermere .............................................................................18

Local Expertise, Global Connections ..............................20

4

Bellevue / West of I-405

West Bellevue – Clyde Hill9801 NE 24th Street

$2,388,0004 Bed / 4.5 Bath / 5,820 SQFT

MLS #: 843840

Lot Size: 0.38 acres

Year Built: 1951

Style: 2 Story

Views: Territorial

School District: Bellevue

Higher Price Listing (75th percentile)

West Bellevue – Clyde Hill9803 NE 30th Street

$1,380,000 3 Bed / 1.5 Bath / 2,350 SQFT

MLS #: 837605

Lot Size: 9,348 sq ft

Year Built: 1952

Style: 1 Story with Basement

Views: City, Lake, Mountain


Lower Price Listing (25th percentile)

West Bellevue10020 NE 22nd Street

$1,900,0004 Bed / 3.25 Bath / 4,700 SQFT

MLS #: 799949


Year Built: 2007


Views: None


Median Price Listing

http://www.windermere.com/listing/34728613



5

2015 Q3

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

All figures are based on single family home sales, which include townhomes and exclude condos.

Median Closed Sales Price > for year ended SEPTEMBER 30th

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

$1,110,000

$1,390,000

$1,255,950

$985,000$950,000

$870,000

$1,000,000

$1,225,000

$1,426,500$1,492,500

Number of Units Sold > for year ended SEPTEMBER 30th

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

421

377

210 214

341 349361 357

370

488

6

Bellevue

Bellevue9857 NE 27th Street

$2,298,0004 Bed / 3.5 Bath / 4,170 SQFT

MLS #: 829645


Year Built: 2008

Style: 2 Story

Views: none


Bellevue1735 112th Ave NE

$865,0002 Bed / 1.75 Bath / 1,420 SQFT

MLS #: 773307


Year Built: 1980

Style: 1½ Story

Views: Territorial


Bellevue9825 NE 32nd Street

$1,580,0004 Bed / 2.5 Bath / 3,820 SQFT

MLS #: 826429


Year Built: 1975


Views: none





7Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

2015 Q3



2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

$825,000

$1,050,000$1,000,000

$875,000

$785,000

$680,000

$792,500

$944,000

$1,150,000$1,091,750


2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

250 245

144 141

216 222230

212

237

338

8

Clyde Hill

Clyde Hill1315 94th Avenue NE

$3,158,8885 Bed / 4.5 Bath / 5,940 SQFT

MLS #: 845464


Year Built: 1999

Style: 2 Stories w/Basement

Views: City, Lake, Mountain, Territorial


Clyde Hill2514 88th Avenue NE

$2,050,000 6 Bed / 4.25 Bath / 4,250 SQFT

MLS #: 826920


Year Built: 1967

Style: 1 Story w/Basement

Views: City, Lake, Mountain


Clyde Hill9616 NE 27th Street

$1,200,000 3 Bed / 2.75 Bath / 2,560 SQFT

MLS #: 854454


Year Built: 1955

Style: Multi Level

Views: Mountain, Lake, City






2015 Q3



2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

$1,400,000

$1,687,500

$1,907,500

$1,463,750

$1,125,000$1,225,000

$1,445,000 $1,500,000

$1,749,000

$1,880,000


2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

69

42

22

30

61

55

49

57

49

56

10

Hunts Point

Hunts Point Waterfront3113 Fairweather Place

$4,788,000 3 Bed / 3.75 Bath / 3,250 SQFT

MLS #: 830921


Year Built: 1998

Style: 1 Story

Views: Bay, Canal, Lake


Hunts Point3404 Hunts Point Road

$2,788,0004 Bed / 3.0 Bath / 3,300 SQFT

MLS #: 764646


Year Built: 2011

Style: 2 Story

Views: none


Hunts Point3028 Hunts Point Circle

$2,498,000 5 Bed / 4.0 Bath / 3,760 SQFT

MLS #: 796625


Year Built: 2005

Style: 2 Story

Views: none






2015 Q3



2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

$2,036,250

$6,300,000

$1,241,500

$5,450,000

$1,170,000

$3,900,000

$6,900,000 $6,725,000

$2,500,000


2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

12

11

1 NO SALES

6 6

5

3

6

9

NO SALES

12

Medina

Medina1229 Evergreen Point Road

$6,600,0005 Bed / 5.0 Bath / 5,780 SQFT

MLS #: 750841

Lot Size: 0.8 acres

Year Built: 1993

Style: Multi Level

Views: Mountain, Lake, City


Medina8015 NE 28th Street

$ 845,0002 Bed / 2.0 Bath / 1,100 SQFT

MLS #: 842100


Year Built: 1952

Style: 1 Story

Views: Territorial


Medina7614 Overlake Drive W

$2,288,0004 Bed / 3.25 Bath / 3,240 SQFT

MLS #: 848466


Year Built: 1969

Style: 2 Stories w/Basement

Views: Territorial, Partial






2015 Q3



2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

$1,750,000

$1,925,000

$1,431,500

$1,297,500 $1,351,000 $1,340,000$1,450,000 $1,501,000

$1,950,000

$2,167,301


2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

65

53

28 3035

5255

5755

58

14

Yarrow Point

Yarrow Point4680 95th Avenue NE

$6,590,000 (sold)5 Bed / 4.25 Bath / 4,930 SQFT


Year Built: 1967

Style: 1½ Story

Views: Bay, City, Lake, Mountain


Yarrow Point4228 91st Avenue NE

$2,099,9504 Bed / 4.25 Bath / 5,483 SQFT

MLS #: 823901


Year Built: 1983

Style: Split Entry

Views: none


Yarrow Point3827 94th Avenue NE

$3,298,8004 Bed / 4.75 Bath / 5,122 SQFT

MLS #: 663162


Year Built: 2015

Style: 2 Story

Views: Lake




http://www.windermere.com/listing/WA/Yarrow-Point/4680-95th-Ave-NE-98004/35543966


2015 Q3



2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

$1,370,000$1,500,000

$2,112,500

$1,205,000

$1,600,000

$1,140,000

$1,725,000$1,576,000

$1,466,025

$2,999,000


2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

19 19

12

9

18

12

2021

20 20

16

Market Share by Company 2014

Windermere

Coldwell Banker

John L. Scott

RE/MAX

Keller Williams

Sotheby’s International Realty

Skyline

NWG Real Estate

Redfin

RSVP Real Estate

5% 10% 15% 20% 25% 30% 35% 40%

38%27%

20%12%

9%9%

5%7%

3%2%

Representing Sellers Representing Buyers

Bellevue > WEST OF I-405 > by number of transactions

Companies not shown have less than 1% market share in buyers or sellers or both.

2%2%

2%7%

2%

2%

3%

1%

1%

1%

Graphs were created by Windermere using NWMLS data, but information was not verified or published by NWMLS.Data reflects all new and resale single-family residences and condominiums sold from 1/1/2014–12/31/2014 in area 520.

17Graphs were created by Windermere using NWMLS data, but information was not verified or published by NWMLS.

Data reflects all new and resale single-family residences and condominiums sold from 1/1/2014–12/31/2014 in area 520 with a sales price of $3,000,000 or more.

2014 Market Share by Company

Bellevue > WEST OF I-405 > transactions over $3,000,000

Windermere

Coldwell Banker

Skyline

RE/MAX

NWG Real Estate

The Force Real Estate

5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65%

66%39%

23%9%

9%

7%

Representing Sellers Representing Buyers

Companies not shown have less than 1% market share in buyers or sellers or both.

2%

2%

2%

2%

2%

2%

18

Why Windermere

The Sign in Your Yard Matters

A recent study shows that NWMLS brokers in King County are more confident working with Windermere brokers than any other brand.

Percent of respondents indicating they were completely confident or confident in a doing a transaction.

The study was conducted by a third party in 2015 and included brokers who closed six or more transactions in the previous year.

Windermere

Coldwell Banker

John L. Scott

RE/MAX

Sotheby’s International Realty

Keller Williams

Lake & Company

Berkshire Hathaway

Gerrard Beattie & Knapp

Redfin

The Cascade Team

The Force Real Estate

RSVP Real Estate

10% 20% 30% 40% 50% 60% 70% 80% 90%

81%

71%

16%

9%

9%

9%

64%

54%

48%

45%

43%

34%

27%

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2014 Donation Grantees List Eastside Windermere Foundation

Acres of DiamondsProvides homeless women and children a safe haven and academic, relational and emotional mentoring.

Assistance League of the EastsideOperation Scholl Bell provides new Back-To-School clothing for disadvantaged students on the Eastside.

Attain HousingTransitioning homeless into stable, permanent housing.

Backpack MealsProvides weekend’s worth of food to low income students in the Bellevue School District.

Bellevue Boys and Girls ClubFunds going to Project Learn — serving kids from 3 East Bellevue low-income housing developments.

Bellevue Lifespring (formerly Overlake Service League)Provides meals to children on free and reduced cost lunch programs when school is not in session.

Birthday DreamsProvides Birthday-In-A-Box to homeless children.

CCS–Harrington HouseProvides housing and supportive services to homeless women who are pregnant or new parents.

Eastside Baby CornerDistributes basic need items for infants and children.

Friends of YouthProvides the only teen shelter for homeless and at-risk youth on the Eastside. Shelter is in Redmond.

Jubilee ReachWorks to prevent homelessness among low income families with children in the Bellevue School District.

KinderingProvides parent coaching at transitional housing sites.

LifeWire (formerly Eastside Domestic Violence)Provides emergency housing and support services for those fleeing abusive home situations.

Mamma’s HandsThe House of Hope program supports three shelters for homeless women and children in crisis.

NW Arts CenterProvides after school art-based alternatives for children.

Royal Family Kids CampProvides summer camp experiences for abused foster children.

TreehouseHelps to close the basic needs gap for 200 Eastside foster children.

Valley RenewalProvides food, shelter and supplies to those in need in the Snoqualmie Valley.

The Windermere Foundation benefits local nonprofits in our neighborhoods. Together we can give homeless and low-income children in our communities an opportunity for a brighter future. Below are the nonprofits that received Eastside Windermere Foundation funds in 2014.

A Brighter Future Because of You!

windermere.com

Local Expertise, Global Connections, Powerful Marketing

We Market Your Property to the World

When selling your home, you need global exposure in addition to the strong marketing expertise we deliver locally. As an affiliate of Leading Real Estate Companies of the World®, we have the resources to market your property to the highest possible number of potential buyers. With 120,000 talented associates around the world, we expose your property to buyers on six continents, ensuring more eyes on your property. In addition, we receive inbound clients from other affiliates around the globe who are interested in purchasing a home.

Leading Real Estate Companies of the World® is a pedigree denoting the very best companies who represent qualified clientele and wish to do business with similar firms. Each year our network is collectively responsible for over one million transactions on a global basis.

When your home is posted to our website locally, it is immediately promoted on the LeadingRE.com website. It is also immediately connected to the websites of over 500 of our affiliated real estate firms in the world.

®

®

WE MARKET YOUR PROPERTY TO THE WORLDWhen selling your home, you need global exposure in addition to the strong marketing expertise we deliver locally. As an affiliate of Leading Real Estate Companies of the World®, we have the resources to market your property to the highest possible number of potential buyers. With 120,000 talented associates around the world, we expose your property to buyers on six continents, ensuring more eyes on your property. In addition, we receive inbound clients from other affiliates around the globe who are interested in purchasing a home.



Local Expertise, Global Connections,

Powerful Marketing

OVER 500 FIRMS n 3,500 OFFICES n 120,000 ASSOCIATES n NEARLY 50 COUNTRIESOVER ONE MILLION TRANSACTIONS n $314 BILLION IN ANNUAL HOME SALES

WORC 05/14 #14146-4

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Powerful Marketing


WORC 05/14 #14146-4

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Powerful Marketing


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http://www.windermere.com

http://www.windermere.com

Documents

West Bellevue Market Review · MLS #: 826429 Lot Size: 0.37 acres Year Built: 1975 Style: 1 Story with Basement Views: none Median Price Listing. Graphs were created by Windermere