Waterfront Real Estate Sales on the Eastside Nudge Up in May

Sales 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 Point
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Answers (1)

Address City Price Beds Baths Sq Ft
11837 Holmes Point Dr NE Kirkland $975,000 2 1.75 1,950
2454 W Lk Samm Pkwy NE Redmond $1,407,000 4 3 3,468
1614 W Lk Samm Pkwy NE Bellevue $1,435,000 3 2.25 3,020
5143 Ripley Lane N Renton $1,595,000 4 2.5 3,980
447 E Lk Samm Pkwy SE Samm. $1,950,000 4 3.25 4,130
1219 96th Ave SE Bellevue $1,985,000 3 1.5 3,030
1098 W Lk Samm Pkwy NE Bellevue $2,100,000 4 4 4,410
696 W Lk Samm Pkwy NE Bellevue $2,675,000 5 4.25 5,500

  • June 10 2010
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