Q3 2014 Lake Sammamish Waterfront Report
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Transcript of Q3 2014 Lake Sammamish Waterfront Report
LAKE SAMMAMISH | Waterfront Activity Report
MERCER ISLAND206.232.0446 thewaterfrontreport.com
third quarter 2014
LAKE SAMMAMISH │ Quarterly Waterfront Report Q3-2014
*Refected as a 12 month rolling average. ©2012-2014 Windermere Real Estate/Mercer Island. Data prepared by Windermere Real Estate/Mercer Island. For questions or comments, email [email protected].
TheWaterfrontReport.com │ Waterfront information and data for Seattle, the Eastside, Mercer Island and Lake Sammamish
Click to view this quarter's New, Pending, and Sold listings http://www.matrix.nwmls.com/DE.asp?k=1326447X38Zc&p=DE-42278146-618
$458 $461$479 $480
$492$507
$524 $531$542
Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14
Average Cost per Home Square Foot*
$22 $21 $23 $23 $24 $24 $24 $25 $27
Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14
Average Cost per Waterfront Foot (thousands)*
$1.8 $1.7 $1.7 $1.6 $1.7 $1.8 $1.7 $1.9$2.0
Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14
Average Sale Price (millions)*
$5.5$5.3
$5.6
$6.0
$5.7 $5.7$5.5
$5.4
$5.9
Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14
Average Cost per Acre (millions)*
7.0
2.9 2.7 2.4
5.0
9.0
2.31.5
4.02.7 2.2
3.3
1.8 2.0
7.0
J-13 A-13 S-13 O-13 N-13 D-13 J-14 F-14 M-14 A-14 M-14 J-14 J-14 A-14 S-14
Month's Supply of Inventory
21 2016
1210 9
7 68 8
11 107 6 7
37 6 5
2 13 4
2 35
3 4 31
J-13 A-13 S-13 O-13 N-13 D-13 J-14 F-14 M-14 A-14 M-14 J-14 J-14 A-14 S-14
Active Listings to Pending Sales Active
Pending
The number of active listings currently offered for sale is represented by the bars, while the number of pending sales is graphed on the line.
This chart shows the number of months it would take to sell all active listings based on the rate of pending sales, assuming no new listings came to market.
The average cost per acre, as solid pricing benchmark, is determined by a dividing the average sale price by the lot size of the property in acres.
The average sales price represents the total of all the sales prices, divided by the number of homes sold each quarter.
The cost per waterfront foot fronting Lake Washington, Lake Sammamish, or Puget Sound, by dividing the average sale price by the linear waterfront footage of all parcels.
The average cost per square foot of sold properties as determined by dividing the average sale price by the interior square footage of all homes.
Status Community Status Date Year Built Square Feet Lot Acres Waterfront Ft $ per Wtr Ft* $ per Acre* Sale Price List Price
Sold Eastside 9/30/14 2000 4,380 0.19 75 $31,973 $12,489,583 $2,400,000 $2,398,000
Active Eastside 9/24/14 2007 3,570 0.24 150 $6,987 $4,440,678 $1,048,000
Pending Feasibility Westside 9/15/14 1947 780 0.30 15 $44,997 $2,257,358 $674,950
Sold Westside 9/11/14 1995 5,154 0.38 80 $38,725 $8,217,507 $3,453,000 $3,098,000
Sold Westside 9/10/14 1989 6,800 0.32 78 $39,744 $9,748,428 $3,300,000 $3,100,000
Pending Westside 8/31/14 1982 3,310 0.33 100 $17,800 $5,460,123 $1,780,000
Sold Eastside 8/29/14 1991 4,160 1.26 100 $36,980 $2,930,269 $3,250,000 $3,698,000
Sold Eastside 8/25/14 1963 2,995 0.19 62 $30,613 $9,783,505 $1,850,000 $1,898,000
Sold Eastside 8/14/14 1991 7,237 0.60 85 $39,765 $5,633,333 $3,200,000 $3,380,000
Pending Westside 8/9/14 2001 7,200 0.23 50 $65,560 $14,252,174 $3,278,000
Pending Eastside 8/4/14 2000 4,380 0.19 75 $31,973 $12,489,583 $2,398,000
Sold Westside 7/28/14 2007 5,729 0.45 79 $37,911 $6,730,337 $2,930,000 $2,995,000
Sold Westside 7/25/14 1993 2,400 0.27 90 $14,389 $4,743,590 $1,200,000 $1,295,000
Pending Westside 7/22/14 1989 6,800 0.32 78 $39,744 $9,748,428 $3,100,000
Sold Eastside 7/18/14 1990 2,700 0.08 48 $29,146 $17,708,861 $1,370,000 $1,399,000
Pending Eastside 7/17/14 1963 2,995 0.19 62 $30,613 $9,783,505 $1,898,000
Pending Eastside 7/15/14 1995 2,839 0.19 106 $20,642 $11,700,535 $2,188,000
Pending Eastside 7/13/14 1991 7,237 0.60 85 $39,765 $5,633,333 $3,380,000
Pending Inspection Eastside 6/30/14 1991 4,160 1.26 100 $36,980 $2,930,269 $3,698,000
Pending Inspection Eastside 6/30/14 1991 4,160 1.26 100 $36,980 $2,930,269 $3,698,000
Sold Westside 6/30/14 2003 5,990 0.24 68 $34,897 $9,887,500 $2,200,000 $2,373,000
Sold Westside 6/27/14 1974 3,000 0.43 75 $23,333 $4,069,767 $1,700,000 $1,750,000
Sold Eastside 6/27/14 2003 5,838 0.46 100 $31,500 $6,862,745 $3,075,000 $3,150,000
Active Eastside 6/26/14 1963 2,995 0.19 62 $30,613 $9,783,505 $1,898,000
Sold Eastside 6/26/14 2001 4,420 0.18 50 $55,000 $15,277,778 $2,700,000 $2,750,000
Sold Westside 6/24/14 2014 5,875 0.55 100 $37,880 $6,862,319 $3,600,000 $3,788,000
Pending Inspection Eastside 6/13/14 1990 2,700 0.08 49 $28,551 $17,708,861 $1,399,000
Sold Westside 6/13/14 1982 3,928 0.19 50 $27,900 $7,380,952 $1,595,000 $1,395,000
Sold Westside 6/9/14 1979 2,170 0.38 50 $23,560 $3,100,000 $1,150,000 $1,178,000
Active Westside 6/3/14 1987 4,220 0.95 120 $35,000 $4,430,380 $4,200,000
Sold Eastside 5/30/14 1905 2,360 0.83 39 $24,321 $1,148,305 $940,990 $948,500
Sold Eastside 5/30/14 2004 4,580 0.10 50 $41,700 $20,441,176 $2,000,000 $2,085,000
Active Westside 5/24/14 1993 2,400 0.27 90 $14,389 $4,743,590 $1,295,000
Active Westside 5/16/14 1999 7,337 0.41 25 $119,920 $7,294,404 $2,998,000
Sold East Lake Sammamis 5/16/14 2001 3,182 0.27 115 $20,870 $8,955,224 $2,400,000 $2,400,000
Active West Lake 5/14/14 1958 1,010 0.25 60 $16,250 $3,853,755 $975,000
Active West Lake 5/3/14 2000 3,450 0.22 50 $33,000 $7,603,687 $1,650,000
Active West Lake 5/3/14 2001 7,200 0.23 50 $65,560 $14,252,174 $3,278,000
Active East Lake 5/2/14 1990 2,700 0.08 48 $32,292 $19,620,253 $1,550,000
Active East Lake 4/30/14 1995 2,839 0.19 106 $21,019 $11,914,439 $2,228,000
Active West Lake 4/26/14 2010 7,280 1.51 167 $71,796 $7,940,397 $11,990,000
*Based on the listed price. ©2012-2014 Windermere Real Estate/Mercer Island. Data prepared by Windermere Real Estate/Mercer Island. For questions or comments, email [email protected].
TheWaterfrontReport.com │ Waterfront information and data for Seattle, the Eastside, Mercer Island and Lake Sammamish
LAKE SAMMAMISH │ Waterfront Activity Report Q3-2014
LAKE SAMMAMISH | Waterfront Facts
ABOUT | Windermere Mercer Island
A N N U A L S N A P S H O T
AVERAGE SALE PRICE $1,754,279
HIGHEST SALE $6,100,000
LOWEST SALE $643,000
# SOLD IN 2013 51
AVERAGE DAYS ON MARKET 84
AVERAGE SQUARE FEET 3,388
AVERAGE YEAR BUILT 1980
AVERAGE LOT SIZE 0.34 ACRES
AVERAGE WATERFRONT FOOTAGE 74 FEET
Lake Sammamish is the sixth largest lake in the state of Washington, located 8 miles east of Seattle and just
north of the I-90 corridor. Lake Sammamish is an outstanding freshwater community with an abundance of
local recreational activities. It is bordered by two large regional parks—Marymoor Park to the north and Lake
Sammamish State Park to the south.
The sunny east side of the lake benefits from afternoon sun and stunning sunsets. The west side boasts morning
sun and is more densely forested. Lake Sammamish enjoys convenient access to Bellevue, major arterials and
the Microsoft campus.
In everything we do we put our clients first. We enable them to make sound real
estate decisions through professional representation, expert advice, and deep
neighborhood and community knowledge. Our clients enjoy a friendly, personalized
experience as we competently guide them through their real estate transaction to
achieve their hopes, dreams and goals.
Centrally located on Mercer Island, our team of talented Realtors® serves Seattle,
Mercer Island, and greater Eastside. Our neighborhood and community engagement
goes beyond being avid supporters of Island and regional organizations and events—
we are active neighbors and volunteers who enjoy making a difference in our world.
Data prepared and analyzed by Windermere Real Estate/Mercer Island from NWMLS provided data. For questions or comments, email Julie Barrows at [email protected]. ©2012-2014 Windermere Real Estate/Mercer Island