luxury residential report

LUXURY RESIDENTIAL REPORT3RD QUARTER 2015 MARKET REPORT

PRESENTED BY

MARIE ABBRUZZALUXURY PROPERTY DIRECTOR-BROKER

Shumway $2,000,000

Marie mobile [email protected]

Living, Working, Playing & Loving the Eastside for 25+ years.

For many years, my family – Russell (husband), Alex (eldest son), and Zach (youngest son) – and I have thoroughly enjoyed living in a number of Eastside communities. The boys have attended the schools, participated in many sporting activities, and in general, experienced a wonderful, safe, and fun environment in which to grow and develop. But today, our boys have moved on.Alex is a PGA golf professional operating out of TPC Sawgrass in Ponte Vedra Beach, Florida (headquarters of the TPC and home to The Players Championship Tournament every May). He has met many celebrities including Bill Clinton just last week!Zach, after suffering a pitching arm injury during his Junior year at Gonzaga University, had surgery and, unfortunately, never fully recovered. Today he is a first-year MBA student at the Gonzaga University Graduate School of Business. He is very passionate and excited about his new career field.Meanwhile, Russell and I are entering our 27th year of marriage, our 18th year as Real Estate Professionals, my 4th year of being cancer free, and 1 year since I walked in the Susan G. Komen 3-Day 60 mile walk for Breast Cancer Research.Its been a very rewarding 25+ years, filled with many great experiences and memories. I’m very grateful for the time we have spent living in this wonderful area and look forward to many more years to come!- Marie Abbruzza

$394.9SINGLE FAMILY HOME AVERAGE PRICE PER SQ FOOT

SINGLE FAMILY HOME AVERAGE PRICE PER SQ FOOT

$416.3s

+11%PERCENTAGE INCREASE IN SFH WATERFRONT UNITS

SOLD BETWEEN YTD Q3 2014 AND Q3 2015

1,811 1,323

$13,800,000 MOST EXPENSIVE HOME SOLD IN 2015

ALL DATA AS IS FOR SINGLE FAMILY HOMES (SFH) OVER $1MILLION IN ALL OF KING COUNTY UNLESS SPECIFIED WATERFRONT

SFH WATERFRONT UNITS SOLD

201 $626.8

SFH WATERFRONT PRICE PER SQ FOOT

$602.7

SFH WATERFRONT PRICE PER SQ FOOT

YTDQ3

2015

YTDQ3

2014

SFH WATERFRONT AVERAGE DAYS ON MARKET 92 68 SFH WATERFRONT AVERAGE

DAYS ON MARKET

s

SINGLE FAMILY HOME AVERAGE SOLD PRICE $1,613,500SINGLE FAMILY HOME UNITS SOLD

MARKET REPORT Third Quarter 2015 Market Report | BRAZENSIR.COMBased on Information from the Northwest Multiple Listing Service. Compiled by Brazen Sotheby’s International Realty. Northwest Multiple Listing Service does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires BSIR’s written consent. Copyright 2015 Brazen Sotheby’s International Realty.

YTD Q3 2014 YTD Q3 2015 % CHANGEWEST BELLEVUENumber of Sales 25 15 -40.0%Total Dollar Volume $123,328,000 $77,273,000 -37.3%Average Sale Price $4,933,100 $5,151,500 4.4%Median Sale Price $4,000,000 $5,493,000 37.3%Average Days on Market 125 121 -3.2% Sold / List Price % 93.0% 95.8% 3.0%Average Price Per SQFT $1,008 $981 -2.6%Current Inventory in Units 15 16 6.7%

EAST BELLEVUE Number of Sales 20 21 5.0%Total Dollar Volume $40,949,000 $47,388,000 15.7%Average Sale Price $2,047,500 $2,256,600 10.2%Median Sale Price $1,647,000 $2,265,000 37.5%Average Days on Market 65 33 -49.2% Sold / List Price % 97.3% 95.4% -2.0%Average Price Per SQFT $522 $601 15.0%Current Inventory in Units 6 6 0.0%

WATERFRONT REPORTSINGLE FAMILY HOMES, $1 MILLION+

EnataiSold $6,400,000

BellevueSold $6,700,000

For more detailed 3Q information go to luxuryresidentialreport.com


WATERFRONT REPORTSINGLE FAMILY HOMES, $1 MILLION+

YTD Q3 2014 YTD Q3 2015 % CHANGESEATTLENumber of Sales 33 43 30.3%Total Dollar Volume $60,474,000 $88,368,000 46.1%Average Sale Price $1,832,500 $2,055,100 12.1%Median Sale Price $1,625,000 $1,705,000 4.9%Average Days on Market 106 53 -50.0% Sold / List Price % 96.7% 97.9% 1.2%Average Price Per SQFT $492 $655 33.0%Current Inventory in Units 36 17 -52.8%

KIRKLAND Number of Sales 11 13 18.2%Total Dollar Volume $31,042,000 $27,260,000 -12.2%Average Sale Price $2,822,000 $2,096,900 -25.7%Median Sale Price $2,545,000 $2,050,000 -19.4%Average Days on Market 60 45 -25.0% Sold / List Price % 90.8% 95.9% 5.6%Average Price Per SQFT $940 $685 -27.1%Current Inventory in Units 8 13 62.5%

MERCER ISLAND Number of Sales 32 32 0.0%Total Dollar Volume $100,120,000 $100,890,000 0.8%Average Sale Price $3,128,800 $3,152,800 0.8%Median Sale Price $2,750,000 $2,800,000 1.8%Average Days on Market 91 121 33.0% Sold / List Price % 95.4% 92.6% -2.9%Average Price Per SQFT $679 $688 1.3%Current Inventory in Units 29 22 -24.1%

Yarrow PointSold

$6,590,000


Average Price Per SQFT, Q3 2015,Mercer Island

$688For more detailed 3Q information go to luxuryresidentialreport.com


YTD Q3 2014 YTD Q3 2015 % CHANGEWEST BELLEVUENumber of Sales 194 246 26.8%Total Dollar Volume $437,195,000 $572,224,000 30.9%Average Sale Price $2,253,600 $2,326,100 3.2%Median Sale Price $1,786,000 $1,942,000 8.7%Average Days on Market 44 41 -6.8% Sold / List Price % 96.7% 98.1% 1.4%Average Price Per SQFT $572 $574 0.4%Current Inventory in Units 82 76 -7.3%

EAST BELLEVUE Number of Sales 46 61 32.6%Total Dollar Volume $72,604,000 $96,833,000 33.4%Average Sale Price $1,578,300 $1,587,400 0.6%Median Sale Price $1,247,000 $1,325,000 6.3%Average Days on Market 56 40 -28.6% Sold / List Price % 98.2% 97.3% -0.9%Average Price Per SQFT $399 $441 10.6%Current Inventory in Units 15 20 33.3%

BELLEVUE REPORTSINGLE FAMILY HOMES, $1 MILLION+

BellevueSold $2,638,000

West BellevueSold $3,700,000

West BellevueSold 9/30/15 $3,750,000

Number of sales in Q3, 2015,West Bellevue

246



POINTS REPORTSINGLE FAMILY HOMES, $1 MILLION+

YTD Q3 2014 YTD Q3 2015 % CHANGEMEDINANumber of Sales 40 40 0.0%Total Dollar Volume $115,780,000 $99,198,000 -14.3%Average Sale Price $2,894,500 $2,480,000 -14.3%Median Sale Price $2,273,000 $2,123,000 -6.6%Average Days on Market 61 45 -26.2% Sold / List Price % 96.8% 98.0% 1.2%Average Price Per SQFT $699 $639 -8.6%Current Inventory in Units 15 9 -40.0%

CLYDE HILL Number of Sales 28 46 64.3% Total Dollar Volume $55,158,000 $111,724,000 102.6%Average Sale Price $1,969,900 $2,428,800 23.3%Median Sale Price $1,752,000 $1,958,000 11.8%Average Days on Market 20 51 155.0% Sold / List Price % 98.4% 98.0% -0.4%Average Price Per SQFT $493 $553 12.2%Current Inventory in Units 9 16 77.8%

YARROW POINT Number of Sales 11 17 54.5%Total Dollar Volume $31,878,000 $52,582,000 64.9%Average Sale Price $2,898,000 $3,093,100 6.7%Median Sale Price $1,895,000 $2,998,000 58.2%Average Days on Market 50 74 48.0% Sold / List Price % 96.2% 96.8% 0.6%Average Price Per SQFT $616 $668 8.4%Current Inventory in Units 10 5 -50.0%

HUNTS POINT Number of Sales 5 9 80.0%Total Dollar Volume $34,150,000 $33,068,000 -3.2%Average Sale Price $6,830,000 $3,679,200 -46.2%Median Sale Price $7,100,000 $2,500,000 -64.8%Average Days on Market 157 56 -64.3% Sold / List Price % 90.4% 97.3% 7.6%Average Price Per SQFT $1,416 $917 -35.2%Current Inventory in Units 4 7 75.0%

MedinaSold$3,800,000

Clyde HillSold $4,250,000

Yarrow PointSold $4,920,000

Number of sales in Q3, 2015,West Bellevue

246


YTD Q3 2014 YTD Q3 2015 % CHANGEWEST SEATTLE (AREA 140)Number of Sales 37 53 43.2%Total Dollar Volume $45,387,000 $68,829,000 51.6%Average Sale Price $1,226,700 $1,298,700 5.9%Median Sale Price $1,150,000 $1,180,000 2.6%Average Days on Market 60 44 -26.7% Sold / List Price % 95.9% 99.2% 3.4%Average Price Per SQFT $358 $393 9.6%Current Inventory in Units 27 18 -33.3%

SOUTHEAST SEATTLE (AREA 380) Number of Sales 28 32 14.3%Total Dollar Volume $43,038,000 $48,055,000 11.7%Average Sale Price $1,537,100 $1,501,700 -2.3%Median Sale Price $1,440,000 $1,285,000 -10.8%Average Days on Market 54 45 -16.7% Sold / List Price % 97.1% 98.1% 1.0%Average Price Per SQFT $337 $388 15.2%Current Inventory in Units 20 10 -50.0%

CENTRAL SEATTLE (AREA 390) Number of Sales 134 185 38.1%Total Dollar Volume $234,190,000 $303,074,000 29.4%Average Sale Price $1,747,700 $1,638,200 -6.3%Median Sale Price $1,504,000 $1,457,000 -3.1%Average Days on Market 53 35 -34.0% Sold / List Price % 98.4% 101.1% 2.7%Average Price Per SQFT $439 $478 9.0%Current Inventory in Units 63 48 -23.8%

SEATTLE REPORTSINGLE FAMILY HOMES, $1 MILLION+

Washington ParkSold$2,267,500

SeattleSold $2,800,000

LeschiSold $2,500,000


SEATTLE REPORTSINGLE FAMILY HOMES, $1 MILLION+

YTD Q3 2014 YTD Q3 2015 % CHANGENORTH SEATTLE (AREA 710)Number of Sales 71 119 67.6%Total Dollar Volume $105,585,000 $173,465,000 64.3%Average Sale Price $1,487,100 $1,457,700 -2.0%Median Sale Price $1,330,000 $1,244,000 -6.5%Average Days on Market 31 23 -25.8% Sold / List Price % 99.8% 101.6% 1.8%Average Price Per SQFT $402 $424 5.6%Current Inventory in Units 30 29 -3.3%

QUEEN ANNE / MAGNOLIA (AREA 700) Number of Sales 102 129 26.5% Total Dollar Volume $158,942,000 $199,920,000 25.8%Average Sale Price $1,558,300 $1,549,800 -0.5%Median Sale Price $1,355,000 $1,300,000 -4.1%Average Days on Market 55 43 -21.8% Sold / List Price % 98.5% 99.9% 1.4%Average Price Per SQFT $420 $422 0.6%Current Inventory in Units 48 49 2.1%

S

LeschiSold $2,500,000

Sand PointSold

$2,365,000

Madison ParkSold$2,595,000


Average Price Per SQFT in Q3, 2015,Queen Anne, Magnolia Area

$422


YTD Q3 2014 YTD Q3 2015 % CHANGEKIRKLANDNumber of Sales 835 883 5.40%Total Dollar Volume $574,677,000 $663,442,000 13.40%Average Sale Price $688,200 $751,300 8.40%Median Sale Price $559,000 $610,000 8.40%Average Days on Market 34 29 -17.20% Sold / List Price % 99.20% 100.20% 1.0%Average Price Per SQFT $291.40 $317.70 8.30%Current Inventory in Units 241 202 -19.30%

REDMOND Number of Sales 838 926 9.50%Total Dollar Volume $555,238,000 $642,301,000 13.60%Average Sale Price $662,600 $693,600 4.50%Median Sale Price $640,000 $664,000 3.60%Average Days on Market 36 32 -12.50% Sold / List Price % 100.00% 100.60% -0.60%Average Price Per SQFT $257.20 $270.60 5.00%Current Inventory in Units 220 115 -91.30%

WOODINVILLE Number of Sales 1670 1855 10.00%Total Dollar Volume $785,883,000 $925,182,000 15.10%Average Sale Price $470,600 $498,800 5.70%Median Sale Price $439,000 $463,000 5.20%Average Days on Market 38 39 2.60% Sold / List Price % 99.70% 99.90% -43.20%Average Price Per SQFT $223.10 $240.40 0.20%Current Inventory in Units 613 428 7.20%

GREATER EASTSIDE REPORTSINGLE FAMILY HOMES, $1 MILLION+


Woodinville WineCountry EstateSold $2,900,000


GREATER EASTSIDE REPORTSINGLE FAMILY HOMES, $1 MILLION+

YTD Q3 2014 YTD Q3 2015 % CHANGEISSAQUAHNumber of Sales 629 613 -2.60%Total Dollar Volume $388,796,000 $406,943,000 4.50%Average Sale Price $618,100 $663,900 6.90%Median Sale Price $565,000 $620,000 8.90% Average Days on Market 31 32 3.10% Sold / List Price % 100.20% 100.60% 0.40%Average Price Per SQFT $241.30 $268.50 10.10%Current Inventory in Units 156 110 -41.80%

SAMMAMISH Number of Sales 24 35 31.00% Total Dollar Volume $20,229,000 $29,573,000 31.60%Average Sale Price $842,900 $844,900 0 .20%Median Sale Price $690,000 $695,000 0.70%Average Days on Market 62 65 4.60% Sold / List Price % 99.0% 100.10% 1.60%Average Price Per SQFT $277.60 $307.50 9.70%Current Inventory in Units 16 5 -220.00%

Woodinville WineCountry EstateSold $2,900,000

Marsh CommonsSold $1,325,000


YTD Q3 2014 YTD Q3 2015 % CHANGEWEST BELLEVUENumber of Sales 18 22 22.2%Total Dollar Volume $25,321,000 $28,616,000 13.0%Average Sale Price $1,406,700 $1,300,700 -7.5%Median Sale Price $1,199,000 $1,231,000 2.7%Average Days on Market 81 127 56.8% Sold / List Price % 97.9% 93.9% -4.1%Average Price Per SQFT $615 $615 0.0%Current Inventory in Units 17 25 47.1%

EAST BELLEVUE Number of Sales 0 2 *Total Dollar Volume $0 $3,091,000 *Average Sale Price $0 $1,545,500 *Median Sale Price $0 $1,545,000 *Average Days on Market 0 8 *Sold / List Price % 0.0% 99.9% *Average Price Per SQFT $0 $643 *Current Inventory in Units 0 0 *

CONDO REPORTSINGLE FAMILY HOMES, $1M+CONDO REPORTSINGLE FAMILY HOMES, $1 MILLION+

HoughtonSold $1,344,000

SeattleSold $1,295,000

KirklandSold $1,225,000


CONDO REPORTSINGLE FAMILY HOMES, $1 MILLION+

YTD Q3 2014 YTD Q3 2015 % CHANGESEATTLENumber of Sales 79 120 51.9%Total Dollar Volume $131,886,000 $170,503,000 29.3%Average Sale Price $1,669,400 $1,420,900 -14.9%Median Sale Price $1,500,000 $1,291,000 -13.9% Average Days on Market 115 36 -68.7% Sold / List Price % 95.8% 98.3% 2.6%Average Price Per SQFT $774 $789 1.9%Current Inventory in Units 57 74 29.8% KIRKLAND Number of Sales 24 24 -0.0% Total Dollar Volume $36,444,000 $33,323,000 -8.6%Average Sale Price $1,518,500 $1,388,500 -8.6%Median Sale Price $1,272,000 $1,281,000 0.7%Average Days on Market 74 54 -27.0% Sold / List Price % 97.8% 96.3% -1.5%Average Price Per SQFT $553 $534 -3.6%Current Inventory in Units 9 9 0.0%

MERCER ISLAND Number of Sales 1 2 100.0% Total Dollar Volume $1,150,000 $2,086,000 81.4%Average Sale Price $1,150,000 $1,043,000 -9.3% Median Sale Price $1,150,000 $1,043,000 -9.3%Average Days on Market 13 29 123.1%Sold / List Price % 100.1% 95.4% -4.7%Average Price Per SQFT $523 $482 -7.7%Current Inventory in Units 1 0 -100.0%

KirklandSold

$1,335,000


Average Days on Market in Q3, 2015Kirkland

54

California $21,500,000

SIGNIFICANT SALES WITHIN OUR SOTHEBY’S

INTERNATIONAL REALTY® FAMILY

WORLD WIDE SIGNIFICANT SALES BEYOND SEATTLE/BELLEVUE, BEYOND EXTRAORDINARY

Florida $17,200,000

Texas $15,000,000

Colorado $17,500,000

New York $15,000,000

Conneticut $17,000,000

WORLD WIDE SIGNIFICANT SALES BEYOND SEATTLE/BELLEVUE, BEYOND EXTRAORDINARY

Colorado $17,500,000

Turks & Caicos $15,100,000 Florida $18,550,000

New York $22,900,000Florida $19,000,000

After 17 years at Coldwell Banker Bain, I decided that I wanted to better utilize my significant luxury home experience and move to the Sotheby’s International Realty brand. After a great deal of research, I decided that Brazen Sotheby’s International Realty was the perfect firm for me!Brazen Sotheby’s International Realty specializes in high-end properties all over the map. The style and sophistication of their marketing, service, and representation, along with their cutting-edge use of social media, is extremely valuable to their clientele. In addition, the owners – Joseph and Randi Brazen – are wonderful, gracious, and sincere individuals with a very forward vision of real estate to come.

I am excited for this new chapter in my life and am looking forward to the abundant resources at my disposal to better serve my clientele. The opportunity of reaching more buyers and sellers on a global scale is very exciting!

Although I continue to specialize in luxury homes, as always, I represent buyers and sellers in all price ranges with the same passion and zeal.

My mission is, and always has been, to provide the real estate reality for your home living dreams. Time is priceless! Please give me a call so that I may help you start living your dream TODAY.Thanks so much!

Happy Holidays,Marie AbbruzzaLuxury Property DirectorBrazen Sotheby’s International [email protected]. 425.466.3784Linkedin.com/marieabbruzzaFacebook.com/marieabbruzza

Brazen Sotheby’s International Realty 3rd Quarter Luxury Marketing Report

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