Mercer Island Waterfront Real Estate Accelerating: 43% Gain in Home Sales
By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
Sales of waterfront homes in Mercer Island were up more than 43 percent in 2012, another statistic supporting the overall luxury real estate market's strength in the Puget Sound region. There were 43 waterfront Mercer Island homessold this past year, up from 30 waterfront homes in 2011. The waterfront real estate sales increased not only in total numbers, but also in terms of pricing. In 2011, there were 37 waterfront homes sold for over $1 million. This was a 48 percent gain over 2011 for million-dollar-plus category. At the top of the luxury market, the numbers were just as poignant. Five waterfront homes were sold in Mercer Island for over $5 million this year, with the top sales at $21.6 million and $13.3 million. There were three homes sold in this price range in 2011, with th...
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