The Eastside has outpaced Seattle’s sales volume for the past seven quarters as more buyers find the Eastside an ideal location to call home.
The median sales price of $529,400 was up 14% from the 1st quarter of 2012. The shortage of homes for sale has created competition among home buyers for the more desirable homes. The average cost per sq ft is $236 compared with $203 a year ago.
Strong condominium sales have driven the median sales price up to $234,000–30% above the median of $180,000 a year ago. Average condo cost per sq ft is now $240, up from $204 in the first quarter of 2012.
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© Copyright 2013, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.