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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
School District: Bellevue
Lower Price Listing (25th percentile)
West Bellevue10020 NE 22nd Street
$1,900,0004 Bed / 3.25 Bath / 4,700 SQFT
MLS #: 799949
Lot Size: 10,190 sq ft
Year Built: 2007
Style: 1 Story with Basement
Views: None
School District: Bellevue
Median Price Listing
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
Lot Size: 8,505 sq ft
Year Built: 2008
Style: 2 Story
Views: none
Higher Price Listing (75th percentile)
Bellevue1735 112th Ave NE
$865,0002 Bed / 1.75 Bath / 1,420 SQFT
MLS #: 773307
Lot Size: 10,082 sq ft
Year Built: 1980
Style: 1½ Story
Views: Territorial
Lower Price Listing (25th percentile)
Bellevue9825 NE 32nd Street
$1,580,0004 Bed / 2.5 Bath / 3,820 SQFT
MLS #: 826429
Lot Size: 0.37 acres
Year Built: 1975
Style: 1 Story with Basement
Views: none
Median Price Listing
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
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
$825,000
$1,050,000$1,000,000
$875,000
$785,000
$680,000
$792,500
$944,000
$1,150,000$1,091,750
Number of Units Sold > for year ended SEPTEMBER 30th
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
Lot Size: 0.34 acres
Year Built: 1999
Style: 2 Stories w/Basement
Views: City, Lake, Mountain, Territorial
Higher Price Listing (75th percentile)
Clyde Hill2514 88th Avenue NE
$2,050,000 6 Bed / 4.25 Bath / 4,250 SQFT
MLS #: 826920
Lot Size: 0.45 acres
Year Built: 1967
Style: 1 Story w/Basement
Views: City, Lake, Mountain
Median Price Listing
Clyde Hill9616 NE 27th Street
$1,200,000 3 Bed / 2.75 Bath / 2,560 SQFT
MLS #: 854454
Lot Size: 10,125 sq ft
Year Built: 1955
Style: Multi Level
Views: Mountain, Lake, City
Lower Price Listing (25th percentile)
9Graphs 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
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
$1,400,000
$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
Number of Units Sold > for year ended SEPTEMBER 30th
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
Lot Size: 0.37 acres
Year Built: 1998
Style: 1 Story
Views: Bay, Canal, Lake
Higher Price Listing (75th percentile)
Hunts Point3404 Hunts Point Road
$2,788,0004 Bed / 3.0 Bath / 3,300 SQFT
MLS #: 764646
Lot Size: 0.37 acres
Year Built: 2011
Style: 2 Story
Views: none
Median Price Listing
Hunts Point3028 Hunts Point Circle
$2,498,000 5 Bed / 4.0 Bath / 3,760 SQFT
MLS #: 796625
Lot Size: 0.28 acres
Year Built: 2005
Style: 2 Story
Views: none
Lower Price Listing (25th percentile)
11Graphs 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
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
$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
Number of Units Sold > for year ended SEPTEMBER 30th
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
Higher Price Listing (75th percentile)
Medina8015 NE 28th Street
$ 845,0002 Bed / 2.0 Bath / 1,100 SQFT
MLS #: 842100
Lot Size: 9,382 sq ft
Year Built: 1952
Style: 1 Story
Views: Territorial
Lower Price Listing (25th percentile)
Medina7614 Overlake Drive W
$2,288,0004 Bed / 3.25 Bath / 3,240 SQFT
MLS #: 848466
Lot Size: 10,000 sq ft
Year Built: 1969
Style: 2 Stories w/Basement
Views: Territorial, Partial
Median Price Listing
13Graphs 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
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
$1,750,000
$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
Number of Units Sold > for year ended SEPTEMBER 30th
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
Lot Size: 0.39 acres
Year Built: 1967
Style: 1½ Story
Views: Bay, City, Lake, Mountain
Higher Price Listing (75th percentile)
Yarrow Point4228 91st Avenue NE
$2,099,9504 Bed / 4.25 Bath / 5,483 SQFT
MLS #: 823901
Lot Size: 0.41 acres
Year Built: 1983
Style: Split Entry
Views: none
Lower Price Listing (25th percentile)
Yarrow Point3827 94th Avenue NE
$3,298,8004 Bed / 4.75 Bath / 5,122 SQFT
MLS #: 663162
Lot Size: 0.29 acres
Year Built: 2015
Style: 2 Story
Views: Lake
Median Price Listing
15Graphs 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
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
$1,370,000$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
Number of Units Sold > for year ended SEPTEMBER 30th
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%
19
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.
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.
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
®
®
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.
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.
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
®
®
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.
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.
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