Waterfront Real Estate Sales on the Eastside Nudge Up in MaySales of waterfront homes on the Eastside in May showed large gains vs. last year and improved slighly compared to April. Eastside waterfront continues its resurgence as the housing market settles and buyers re-emerge in the luxury housing category.There were 8 Eastside waterfront homes sold in May on Lake Washington and Lake Sammamish. After a strong April of 7 sales, the pace seems to be moving right along for a big year. One year ago in May there were just 3 such sales on the lakefront.Year-to-date, 23 homes on the Eastside have been sold on Lk Wa and Lk Samm. That's 77% increase and a stark contrast to 2009, when only 13 homes had been sold at this point in the year. The median sale during this period last year was $1.7 million, and that number rose to $2.1 million in 2010.This trend matches Seattle waterfront real estate sales, with total closed sales nearly twice last year's and substantial increases in final sale prices. This doesn't mean that prices are rising, however. There were just very few buyers in the luxury market last year, and the median was skewed downward by the lack of high-end luxury home sales. Most waterfront and luxury homes have lost some value over the past year, but there are far more buyers willing to spend $2 million for a waterfront home this year.June 10 2010 - Yarrow Point0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.