The Eastside continues to be a hotbed of activity as more and more residents infiltrate the area—driven in large part by the expansion and migration of many prominent companies.
Monthly housing costs increased 6% in Q2 over those in Q1 and 16% over Q2 of 2015.
While most areas continue to be dominated by a seller-favored environment, balanced markets are beginning to emerge.
Time will tell whether enough new inventory will finally bring the much needed balance into our market.
Woodinville (18.7%), South Bellevue (14.6%), and East Bellevue (13.3%) showed the strongest year-over-year median sale price gains in Q2 while Mercer Island (8.7%) and Redmond (9.7%) were the most conservative. West Bellevue (12.1%), Kirkland (11.7%), and East Lake Sammamish (11.2%) held the middle ground.
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© Copyright 2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.