Mercer Island Market Report

Q2 2017 REVIEW

The Median Sale Price on Mercer Island increased 20.4% (to $1,590,000) over Q2 of 2016. Buyers continued to fiercely compete for the very few homes for sale below $2 million.

Mercer Island Report

The Average Cost Per Square Foot was $539, up from $478 in Q2 2016.

The highest sale ($8,000,000) was an eastside waterfront home built in 2012 with 6,338 square feet on 1.04 acres and sited with 150 feet on medium-bank waterfront. The lowest sale was a north end 1700 square foot 1982-built home on a tiny 0.06-acre lot listed at $775,000 and sold for $842,000.

Click here to view the complete report for a neighborhood by neighborhood breakdown of Average Sale Price, size, and number of homes sold.

 

 

© Copyright 2017, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.