Q3 2017 REVIEW
The median sale price on Mercer Island increased 13.6% (to $1,460,000) over Q3 of 2016. Time will tell whether recently imposed building restrictions—making the island one of the most restrictive cities in the region to build or remodel—will have an impact on home values.
The highest sale ($5,500,000) was a south end waterfront home built in 2017 with 4.536 square feet on 0.25 acres and sited with 75 feet on low-bank waterfront. The lowest sale was a mid-island 1460 square foot 1954-built home on Island Crest Way listed at $875,000 and sold for $780,000.
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.