Mercer Island Waterfront Homes Continue Strong 2-Year Trend: Average

Sales of waterfront homes on Mercer Island were some of the first to come back after the doldrums of 2008 and 2009. Following an anemic year of just 11 waterfront home sales in 2009, the sales totals have nearly tripled in the past two years.

While 2011′s sales of 30 Mercer island waterfront homes was a 6.25% drop compared to the 32 sales in 2010, to say this was a disappointment would be incorrect. 2010 was a banner year for Mercer Island, considering the current economic and real estate landscape. Waterfront sales here were at standout levels compared to the greater market. The fact that waterfront home sales in 2011 continued to keep pace with the blockbuster 2010 sales is another testament to the staying power of waterfront homes values in Mercer Island.

Of the 30 waterfront homes sold in Mercer Island last year, 25 were priced over $1 million and 18 were multi-million dollar homes. The NWMLS labels homes in the center of Mercer Island on man-made lakes as “waterfront”, and these homes are the lowest-priced sales in the $800k-$900k range. Most homes that are actually on Lake Washington waterfront are priced significantly over $ 1 million.

Mercer Island Waterfront Homes Sold, 2011

6827 96th Ave	Mercer Island	$850,000
2233 77th Ave SE	Mercer Island	$877,000
9805 SE 42nd Place	Mercer Island	$896,000
7730 80th Place SE	Mercer Island	$900,000
7710 80th Place SE	Mercer Island	$900,000
7330 80th Place SE	Mercer Island	$1,055,000
4610 E Mercer Wy	Mercer Island	$1,145,000
6226 E Mercer Wy	Mercer Island	$1,400,000
7550 E Mercer Wy SE	Mercer Island	$1,492,700
8440 Benotho Place SE	Mercer Island	$1,512,500
4456 Ferncroft Rd	Mercer Island	$1,550,000
8814 N Mercer Way	Mercer Island	$1,705,000
4625 Forest Ave SE	Mercer Island	$2,025,000
9815 SE 42nd Place	Mercer Island	$2,073,900
4612 E Mercer Wy	Mercer Island	$2,308,000
8048 Avalon Place	Mercer Island	$2,375,000
5404 96th Ave SE	Mercer Island	$2,405,000
7912 East Mercer Way	Mercer Island	$2,450,000
4056 E Mercer Wy	Mercer Island	$2,485,000
8030 SE 20th St	Mercer Island	$2,500,000
9825 SE 42nd Place	Mercer Island	$2,500,000
8232 Avalon Dr	Mercer Island	$2,730,000
8055 W Mercer Wy	Mercer Island	$2,780,000
7240 N Mercer Wy	Mercer Island	$3,000,000
9434 SE 33rd St	Mercer Island	$3,010,000
6236 E Mercer Wy	Mercer Island	$3,850,000
1630 72nd Ave SE	Mercer Island	$4,207,500
1640 72nd Ave SE	Mercer Island	$5,925,000
4270 Holly Lane	Mercer Island	$6,125,000
9740 SE 35th Place	Mercer Island	$6,750,000