Many areas across the Eastside experienced boundless growth, and are expected to grow into 2018, albeit, at a lesser rate. Windermere’s Chief Economist, Matthew Gardner, gave us insight into what 2018 might have in store for homeowners and home prices. You can read the entire article at WindermereMercerIsland.com/Trends.
The Eastside and Seattle offer their own set of unique offerings, but people are looking at much more than local amenities and locale for their newest home purchase. While location is key, come are prospecting outside of local major metropolises for their purchase. Why? Because outside of major cities, like Bellevue, Seattle or Redmond, you may find more bang for your buck. More home for your dollar – and that is crucial, especially when you’re searching for a family home.
Area #5 WEST BELLEVUE experiences a 16% increase, which is still staggering on its own.
West Bellevue is at the heart of the city’s center. The name “Bellevue” is French for “beautiful view”. In 2014, Bellevue was ranked as the 2nd best place to live in the nation by USA Today. The addition of many new high-rise condominium and apartments over the past decade has changed the scene in downtown Bellevue making it a very hip, walkable, and vibrant part of the Eastside. Many highly-desirable, longstanding and well-maintained single-family neighborhoods snuggle in to the north and south of downtown. Click here to read the entire article.
Area #4 KIRKLAND saw a 16.7% increase, in year over year prices.
Kirkland, a community of over 80,000 people, is fortunate to have a vibrant downtown area located on the waterfront of Lake Washington. Its proximity to I-405 and 520 provides easy access to Seattle, Bellevue and the Eastside. Kirkland has so much to offer residents and visitors: the arts, outdoor recreation, vibrant dining options, and unique local shops. The award-winning Lake Washington School District serves the residents of Kirkland with outstanding local schools. To read the entire article, click here.
Area #3 MERCER ISLAND homes experienced a 17.1% increase.
Centrally located between Seattle and Bellevue is the beautiful city of Mercer Island. Home to 22,000+ residents, Mercer Island is the most populated lake-bound island in the United States. While it is an island, it is directly connected to Seattle and Bellevue city centers via Interstate 90. Mercer Island’s location in Lake Washington tops the list of attractive attributes regarding the “Rock” and makes Mercer Island a premier Puget Sound community. The north end Town Center offers a dynamic urban village vibe with shops, restaurants, coffee cafes, and professional service providers amidst and upscale condo and apartment residences. To read the entire article, click here.
Area #2 The EASTSIDE SOUTH, including neighborhoods like Newport Hills and Somerset, saw a 17.4% increase in prices, year over year.
The Bellevue neighborhood of Somerset, with its iconic perch overlooking not only Bellevue surrounds, Lake Washington and Seattle—but also Puget Sound and the Olympic Mountains in the distance on a clear day—is a favorite vantage point to take in panoramic views of Bellevue and Seattle. Click here to read about Bellevue.
Area #1 The most dramatic increase over the region was in EAST BELLEVUE, who saw a 20.4% increase – a larger increase than Seattle’s highest year over year, which was BEACON HILL/MOUNT BAKER at 20%.
The Woodridge neighborhood, located in the City of Bellevue, is just south of downtown and east of Interstate 405. Characterized by quiet no-through streets and comfortable homes – many with views of Lake Washington, downtown Bellevue and Seattle, this community is truly just off the beaten path. Woodridge Elementary School, a part of Bellevue School District, is just at the top of the hill. Local parks include Bannerwood Ballfield Park, Kelsey Creek Park, Norwood Village Park, and Woodridge Water Tower Park. Click here to read the entire article.
Overall, the lowest eastside increase was East Lake Sammamish, which saw a 13.2% increase year over year – which is almost double the national average at 6.7%. The Greater Seattle area, and surrounding regions, are experiencing seemingly limitless growth.
Which areas are you looking forward to in 2018? Or in which areas are you considering your upcoming home purchase? Let us know in the comments below and we’ll let you know some fabulous happenings in that area!