SEATTLE | Waterfront Activity Report

MERCER ISLAND206.232.0446 thewaterfrontreport.com

first quarter 2014

SEATTLE │ Quarterly Waterfront Report Q1-2014

*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-42290237-589

$544 $547$451

$500 $493 $505$553

$502 $503

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

Average Cost per Home Square Foot*

$25 $27$24

$28 $29 $31 $32 $31 $33

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

Average Cost per Waterfront Foot (thousands)*

$1.5 $1.6$1.5

$1.9$1.7 $1.7 $1.8

$1.6$1.8

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

Average Sale Price (millions)*

$6.9 $6.7 $6.9 $6.5$7.4 $7.7 $7.4 $7.2

$6.3

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

Average Cost per Acre (millions)*

20.0

4.27.7 6.0

8.3 9.0

28.0

16.0

10.0

15.0

23.020.0

10.06.7

3.4

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

Month's Supply of Inventory

20 21 23 24 25 27 2832 30 30

2320 20 20

17

15 3 4 3 3 1 2 3 2 1 1 2 3 5

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

Active Magnolia 3/27/14 1956 3,100 0.26 50 $26,900 $5,133,588 $1,345,000

Active Denny Blaine 3/14/14 1940 4,300 0.29 44 $77,727 $11,916,376 $3,420,000

Pending Inspection Magnolia 2/27/14 1933 2,220 0.37 75 $16,000 $3,208,556 $1,200,000

Active Windermere 2/17/14 1996 1,010 1.89 263 $28,517 $3,961,965 $7,500,000

Active Windermere 2/17/14 1933 4,630 2.34 263 $37,833 $4,250,320 $9,950,000

Pending Matthews Beach 2/17/14 1941 3,200 0.41 93 $18,172 $4,132,029 $1,690,000

Pending Beach Drive 2/10/14 1949 4,980 0.27 75 $20,907 $5,828,996 $1,568,000

Sold Ballard 2/7/14 1986 1,560 0.13 90 $11,100 $7,511,278 $1,090,000 $999,000

Sold Magnolia 2/7/14 1925 2,440 0.16 50 $27,760 $8,897,436 $1,330,000 $1,388,000

Sold Magnolia 1/31/14 1995 7,610 0.97 150 $23,267 $3,609,100 $3,300,000 $3,490,000

Contingent Beach Drive 1/29/14 1949 4,980 0.27 75 $20,907 $5,828,996 $1,568,000

Active Matthews Beach 1/23/14 1941 3,200 0.41 93 $18,172 $4,132,029 $1,690,000

Pending Feasibility Sheridan Beach 1/20/14 1954 2,780 0.39 65 $33,846 $5,655,527 $2,200,000

Sold Beach Drive 1/10/14 1920 1,890 0.15 40 $22,499 $5,959,934 $850,000 $899,950

Active Seward Park 1/8/14 1990 10,432 1.65 105 $78,857 $5,021,225 $8,280,000

Active Seward Park 1/8/14 1990 10,432 2.35 131 $72,366 $4,027,188 $9,480,000

Pending Magnolia 12/30/13 1995 7,610 0.97 150 $23,267 $3,609,100 $3,490,000

Active Matthews Beach 12/20/13 1939 2,080 0.19 45 $27,222 $6,586,022 $1,225,000

Sold Laurelhurst 12/19/13 1924 3,820 0.38 46 $60,761 $7,316,754 $2,600,000 $2,795,000

Active Laurelhurst 12/16/13 1989 9,762 1.20 180 $60,000 $9,030,100 $10,800,000

Sold Matthews Beach 12/16/13 1932 2,160 0.06 30 $35,000 $17,796,610 $1,100,000 $1,050,000

Active Sheridan Beach 11/23/13 1938 4,320 0.66 66 $33,333 $3,348,554 $2,200,000

Pending Laurelhurst 11/22/13 1924 3,820 0.38 46 $60,761 $7,316,754 $2,795,000

Active Lake Forest Park 11/1/13 1948 2,450 0.12 113 $17,699 $17,241,379 $2,000,000

SEATTLE │ Waterfront Activity Report Q1-2014

*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

SEATTLE | Waterfront Facts

ABOUT | Windermere Mercer Island

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

AVERAGE SALE PRICE $1,958,698

HIGHEST SALE $6,500,000

LOWEST SALE $749,000

# SOLD IN 2013 24

AVERAGE DAYS ON MARKET 118

AVERAGE SQUARE FEET 3,211

AVERAGE YEAR BUILT 1949

AVERAGE LOT SIZE 0.30 ACRES

AVERAGE WATERFRONT FOOTAGE 55 FEET

Seattle’s waterfront homes are sited on either the west shore of Lake Washington to the east or Puget Sound

(saltwater) to the west. Notable waterfront communities on Lake Washington include Matthew’s Beach, Sand

Point, Windermere, Laurelhurst, Mount Baker and Leschi. The western shore is also home to the University of

Washington campus, which abuts the water just south of Laurelhurst down to the Montlake Cut and Portage Bay.

On Puget Sound, a bluff and the Burlington railroad track runs from Richmond Beach past waterfront landmarks

such as Carkeek Park, Golden Gardens, Shilshole Bay, and the Ballard Locks—separating many prominent water

view communities from the waterfront. Private waterfront homes are located just north of Discovery Park along

the inlet to the locks, in Magnolia along Perkins Lane, and in West Seattle along the Alki and Fauntleroy shorelines.

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