Mercer Island Real Estate – Sept/Oct 2020
Active Mercer Island Homes
Mercer Island has 33 active homes on the real estate market at the end of September/beginning of October. The 33 Mercer Island homes have an average list price of just over $3.45 million. Then again, the average active home price is substantially increased by the six active Mercer Island Waterfront homes. For instance, the average price of Mercer Island waterfront real estate is just short of $7.7 million. Furthermore, the most expensive Mercer Island real estate is also waterfront. The approximately 15,000 sq ft waterfront home is listed for $18,888,000.
Mercer Island is a luxury real estate market as evidenced by the average active list price of approximately $3.45 million, but there are fantastic Mercer Island homes that can be purchased well under the average price. For example, 8419 SE 69th Place is a 3 bed/2.75 bath Mercer Island home listed for $1,649,000. The well located home was built in 2001. The first floor includes a master suite with walk-in closet and a spa bath, a second bedroom and bath, great room with built in entertainment center, large dining area, chef’s kitchen featuring custom cabinets, granite counters, stainless appliances, large island and walk-in pantry. The upper floor has an additional bedroom, full bath, loft and plenty of storage. The 7,000 lot has a great, useable garden. Finally, the home is also extremely walkable for Mercer Island with easy access to Starbucks, QFC, schools and parks.
Active Mercer Island Condos
There are 11 active Mercer Island condos available for purchase. The average list price is $613,623. Most of the condos were built between 1968 and 1982. In contrast, the only available Mercer Island condo that is newer than 1982 is a 1999 condo at the Mercerdale Park Condo. Consequently, it is the most expensive as well; listed for $1.395 million.
Pending Mercer Island Real Properties
There are 45 pending Mercer Island properties at the end of September/beginning of October. The 40 Mercer Island homes are pending for an average of $2.6 million while the five Mercer Island condos are pending for over $710,000. The most expensive home is a Mercer Island waterfront home on Faben Point asking $9.75 million. The most expensive condo is listed for $1.435 million at Regency Terrace. Once again, the vast majority of Mercer Island luxury homes are on the waterfront. For instance, of the nine most expensive homes, eight are Mercer Island waterfront homes. The only exception is a spectacular residence built in 2017. The 6,044 sq ft home, listed for $5.5 million, features a spectacular 180 degree view of Lake Washington and Mt Rainier in the distance.
Sold Mercer Island Real Estate
In September there were 42 Mercer Island home sales for an average sales price of just over $2.1 million. There was one home that sold for over $5 million, two that sold over $4 million, three that sold over $3 million, eight over $2 million, 24 over $ 1 million, and one under $1 million. There were five “waterfront” homes that sold in September, although three of these homes either share water access or have limited shoreline. Nine Mercer Island condos sold in September. The average sales price was greater than $560,000 with a range of $370,000 to $700,000.
Find out More about Mercer Island Real Estate
To learn more about Mercer Island real estate and waterfront homes, please reach out to Ewing & Clark and their real estate agents. Ewing and Clark has sold many of Mercer Island’s most significant homes and has over 250 real estate transactions on Mercer Island. Ewing and Clark brokers, such as Rob Potashnick, know the island extremely well and can answer your real estate questions. In addition, if you would like to see what properties are available search Mercer Island real estate here or follow Mercer Island news and happenings via the Mercer Island Facebook page.