LAKE SAMMAMISH | Waterfront Activity Report

MERCER ISLAND206.232.0446 thewaterfrontreport.com

third quarter 2014

LAKE SAMMAMISH │ Quarterly Waterfront Report Q3-2014

*Refected as a 12 month rolling average. ©2012-2014 Windermere Real Estate/Mercer Island. Data prepared by Windermere Real Estate/Mercer Island. For questions or comments, email julie@windermere.com.

TheWaterfrontReport.com │ Waterfront information and data for Seattle, the Eastside, Mercer Island and Lake Sammamish

Click to view this quarter's New, Pending, and Sold listings http://www.matrix.nwmls.com/DE.asp?k=1326447X38Zc&p=DE-42278146-618

$458 $461$479 $480

$492$507

$524 $531$542

Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14

Average Cost per Home Square Foot*

$22 $21 $23 $23 $24 $24 $24 $25 $27

Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14

Average Cost per Waterfront Foot (thousands)*

$1.8 $1.7 $1.7 $1.6 $1.7 $1.8 $1.7 $1.9$2.0

Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14

Average Sale Price (millions)*

$5.5$5.3

$5.6

$6.0

$5.7 $5.7$5.5

$5.4

$5.9

Q3-12 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14

Average Cost per Acre (millions)*

7.0

2.9 2.7 2.4

5.0

9.0

2.31.5

4.02.7 2.2

3.3

1.8 2.0

7.0

J-13 A-13 S-13 O-13 N-13 D-13 J-14 F-14 M-14 A-14 M-14 J-14 J-14 A-14 S-14

Month's Supply of Inventory

21 2016

1210 9

7 68 8

11 107 6 7

37 6 5

2 13 4

2 35

3 4 31

J-13 A-13 S-13 O-13 N-13 D-13 J-14 F-14 M-14 A-14 M-14 J-14 J-14 A-14 S-14

Active Listings to Pending Sales Active

Pending

The number of active listings currently offered for sale is represented by the bars, while the number of pending sales is graphed on the line.

This chart shows the number of months it would take to sell all active listings based on the rate of pending sales, assuming no new listings came to market.

The average cost per acre, as solid pricing benchmark, is determined by a dividing the average sale price by the lot size of the property in acres.

The average sales price represents the total of all the sales prices, divided by the number of homes sold each quarter.

The cost per waterfront foot fronting Lake Washington, Lake Sammamish, or Puget Sound, by dividing the average sale price by the linear waterfront footage of all parcels.

The average cost per square foot of sold properties as determined by dividing the average sale price by the interior square footage of all homes.

Status Community Status Date Year Built Square Feet Lot Acres Waterfront Ft $ per Wtr Ft* $ per Acre* Sale Price List Price

Sold Eastside 9/30/14 2000 4,380 0.19 75 $31,973 $12,489,583 $2,400,000 $2,398,000

Active Eastside 9/24/14 2007 3,570 0.24 150 $6,987 $4,440,678 $1,048,000

Pending Feasibility Westside 9/15/14 1947 780 0.30 15 $44,997 $2,257,358 $674,950

Sold Westside 9/11/14 1995 5,154 0.38 80 $38,725 $8,217,507 $3,453,000 $3,098,000

Sold Westside 9/10/14 1989 6,800 0.32 78 $39,744 $9,748,428 $3,300,000 $3,100,000

Pending Westside 8/31/14 1982 3,310 0.33 100 $17,800 $5,460,123 $1,780,000

Sold Eastside 8/29/14 1991 4,160 1.26 100 $36,980 $2,930,269 $3,250,000 $3,698,000

Sold Eastside 8/25/14 1963 2,995 0.19 62 $30,613 $9,783,505 $1,850,000 $1,898,000

Sold Eastside 8/14/14 1991 7,237 0.60 85 $39,765 $5,633,333 $3,200,000 $3,380,000

Pending Westside 8/9/14 2001 7,200 0.23 50 $65,560 $14,252,174 $3,278,000

Pending Eastside 8/4/14 2000 4,380 0.19 75 $31,973 $12,489,583 $2,398,000

Sold Westside 7/28/14 2007 5,729 0.45 79 $37,911 $6,730,337 $2,930,000 $2,995,000

Sold Westside 7/25/14 1993 2,400 0.27 90 $14,389 $4,743,590 $1,200,000 $1,295,000

Pending Westside 7/22/14 1989 6,800 0.32 78 $39,744 $9,748,428 $3,100,000

Sold Eastside 7/18/14 1990 2,700 0.08 48 $29,146 $17,708,861 $1,370,000 $1,399,000

Pending Eastside 7/17/14 1963 2,995 0.19 62 $30,613 $9,783,505 $1,898,000

Pending Eastside 7/15/14 1995 2,839 0.19 106 $20,642 $11,700,535 $2,188,000

Pending Eastside 7/13/14 1991 7,237 0.60 85 $39,765 $5,633,333 $3,380,000

Pending Inspection Eastside 6/30/14 1991 4,160 1.26 100 $36,980 $2,930,269 $3,698,000

Pending Inspection Eastside 6/30/14 1991 4,160 1.26 100 $36,980 $2,930,269 $3,698,000

Sold Westside 6/30/14 2003 5,990 0.24 68 $34,897 $9,887,500 $2,200,000 $2,373,000

Sold Westside 6/27/14 1974 3,000 0.43 75 $23,333 $4,069,767 $1,700,000 $1,750,000

Sold Eastside 6/27/14 2003 5,838 0.46 100 $31,500 $6,862,745 $3,075,000 $3,150,000

Active Eastside 6/26/14 1963 2,995 0.19 62 $30,613 $9,783,505 $1,898,000

Sold Eastside 6/26/14 2001 4,420 0.18 50 $55,000 $15,277,778 $2,700,000 $2,750,000

Sold Westside 6/24/14 2014 5,875 0.55 100 $37,880 $6,862,319 $3,600,000 $3,788,000

Pending Inspection Eastside 6/13/14 1990 2,700 0.08 49 $28,551 $17,708,861 $1,399,000

Sold Westside 6/13/14 1982 3,928 0.19 50 $27,900 $7,380,952 $1,595,000 $1,395,000

Sold Westside 6/9/14 1979 2,170 0.38 50 $23,560 $3,100,000 $1,150,000 $1,178,000

Active Westside 6/3/14 1987 4,220 0.95 120 $35,000 $4,430,380 $4,200,000

Sold Eastside 5/30/14 1905 2,360 0.83 39 $24,321 $1,148,305 $940,990 $948,500

Sold Eastside 5/30/14 2004 4,580 0.10 50 $41,700 $20,441,176 $2,000,000 $2,085,000

Active Westside 5/24/14 1993 2,400 0.27 90 $14,389 $4,743,590 $1,295,000

Active Westside 5/16/14 1999 7,337 0.41 25 $119,920 $7,294,404 $2,998,000

Sold East Lake Sammamis 5/16/14 2001 3,182 0.27 115 $20,870 $8,955,224 $2,400,000 $2,400,000

Active West Lake 5/14/14 1958 1,010 0.25 60 $16,250 $3,853,755 $975,000

Active West Lake 5/3/14 2000 3,450 0.22 50 $33,000 $7,603,687 $1,650,000

Active West Lake 5/3/14 2001 7,200 0.23 50 $65,560 $14,252,174 $3,278,000

Active East Lake 5/2/14 1990 2,700 0.08 48 $32,292 $19,620,253 $1,550,000

Active East Lake 4/30/14 1995 2,839 0.19 106 $21,019 $11,914,439 $2,228,000

Active West Lake 4/26/14 2010 7,280 1.51 167 $71,796 $7,940,397 $11,990,000

*Based on the listed price. ©2012-2014 Windermere Real Estate/Mercer Island. Data prepared by Windermere Real Estate/Mercer Island. For questions or comments, email julie@windermere.com.

TheWaterfrontReport.com │ Waterfront information and data for Seattle, the Eastside, Mercer Island and Lake Sammamish

LAKE SAMMAMISH │ Waterfront Activity Report Q3-2014

LAKE SAMMAMISH | Waterfront Facts

ABOUT | Windermere Mercer Island

A N N U A L S N A P S H O T

AVERAGE SALE PRICE $1,754,279

HIGHEST SALE $6,100,000

LOWEST SALE $643,000

# SOLD IN 2013 51

AVERAGE DAYS ON MARKET 84

AVERAGE SQUARE FEET 3,388

AVERAGE YEAR BUILT 1980

AVERAGE LOT SIZE 0.34 ACRES

AVERAGE WATERFRONT FOOTAGE 74 FEET

Lake Sammamish is the sixth largest lake in the state of Washington, located 8 miles east of Seattle and just

north of the I-90 corridor. Lake Sammamish is an outstanding freshwater community with an abundance of

local recreational activities. It is bordered by two large regional parks—Marymoor Park to the north and Lake

Sammamish State Park to the south.

The sunny east side of the lake benefits from afternoon sun and stunning sunsets. The west side boasts morning

sun and is more densely forested. Lake Sammamish enjoys convenient access to Bellevue, major arterials and

the Microsoft campus.

In everything we do we put our clients first. We enable them to make sound real

estate decisions through professional representation, expert advice, and deep

neighborhood and community knowledge. Our clients enjoy a friendly, personalized

experience as we competently guide them through their real estate transaction to

achieve their hopes, dreams and goals.

Centrally located on Mercer Island, our team of talented Realtors® serves Seattle,

Mercer Island, and greater Eastside. Our neighborhood and community engagement

goes beyond being avid supporters of Island and regional organizations and events—

we are active neighbors and volunteers who enjoy making a difference in our world.

Data prepared and analyzed by Windermere Real Estate/Mercer Island from NWMLS provided data. For questions or comments, email Julie Barrows at julie@windermere.com. ©2012-2014 Windermere Real Estate/Mercer Island