The luxury real estate market in the Seattle and Bellevue area has seen great sales activity in recent weeks. There have been 36 closed sales in the last 180 days priced above $2.5 million. These luxury properties range in type from waterfront to lake and city view to acreage estates. The average of the closed sale price is $4,847,661. During the six month period the market has been experiencing 6 closed luxury sales a month.
Currently there are 21 pending sales (properties under contract but not closed) above $2.5 million. These sales have all occurred within the last 60 days. This is truly great news for the luxury market. The market has seen an increased in sales activity with 10.5 sales per month above $2.5 million in the last 60 days.
There are several exceptional pending sales: A new construction estate with built green/energy star rating at 373 Highland Drive in Seattle priced at $3,595,000; an estate featured in Architectural Design at 210 Maiden Lane in Seattle priced at $9,500,000; a gated country estate at 7350 259th Place NE in Redmond priced at $2,600,000; and a custom waterfront home at 94 Cascade Key in Bellevue priced at $7,500,000.
The market is demonstrating great signs of recovery in the luxury market. Our waterfront properties are experiencing a major increase in activity and interest. The Puget Sound Region has become a very attractive place to live and invest.
Posted by: 
Tere Foster
