Medina, WA Real Estate News

By Erin Harper, REALTOR®
(Erin Harper Homes)
One of my favorite things about living in Clyde Hill is the proximity to some of my favorite places to spend time in the Fall. Nothing beats living less than two minutes from the Medina dog park! Our dogs Penny & Pepper especially love our visits to the park in the Fall when they can play in the fallen leaves. The park is a true neighborhood fixture and I love seeing it full of dogs and pet parents. Everyone in our family has made friends from around the neighborhood at the Medina park and I love the strong sense of community felt there. I like that there are walking paths and wide open spaces so you have the option of throwing the ball around with your dogs or just walking with them. Bonus that the paths are gravel so the dogs don't get overly muddy on the trail!Another Medina favorite...
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By Kevin Meyer, Eastside and Greater Seattle Homes & Real Estate
(Kevin Meyer Group - John L Scott Real Estate)
Beautiful Medina Rambler Sale Price: $1,550,000 Single Family Home Main Features 3 Bedrooms2 Full BathroomsInterior: 1,897 sqftLot: 9,064 sqftYear Built: 1964MLS #: 1103707 Location 7914 NE 24th StreetMedina, WA 98039 Description This gorgeous Medina rambler boasts a bright, airy floor-plan, and a European-inspired elegance. The grand entry opens onto a fabulous living space with soaring ceilings, a wall of windows and many of the handsome finishes you’ll find throughout: lovely maple floors, elegant arched moldings, artistic lighting and more. The genius circular floor-plan leads you into the open kitchen/dining space, where the chef is free to interact with guests while cooking. Steps away, the cozy family room is a great escape for movie nights with its warming gas fireplace. The be...
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By Lori Ballen, Digital Marketing Strategist
(Keller Williams Las Vegas)
Medina, Washington is a beautiful and picturesque community located towards the west end of Bellevue. It is located on Lake Washington. And, it sits right across the lake from Seattle itself. Many people who live here work in the big city or one of the other nearby communities. It is also a popular location for seniors to retire or for homebuyers to invest in a second home. Overall, Medina has 3,000 residents. It is a waterfront community which means there is plenty to simply love about this area. It is often called Medina's Gold Coast because some of the most desirable and most valuable of waterfront property in the region is located here.Nevertheless, Medina remains a small community. It is very private and quiet as well. This is why so many people want to call it home. It just has so...
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By Shawn McNeal, Shawn McNeal
(Remax Eastside Brokers)
  Medina is a city located in the Eastside, a region of King County, Washington, United States. Surrounded on the north, west, and south by Lake Washington, opposite Seattle, Medina is bordered by Clyde Hill and Hunts Point, as well as the satellite city of Bellevue. The city's population was 2,969 at the 2010 census. The city is mostly residential and includes Bill Gates' house.Medina has the second highest per-capita income in the state of Washington and the 49th highest in the United States.Medina makes up a large part of the Lake Washington waterfront, while having just over 3,000 total residents. The Lake Washington waterfront in Medina is nicknamed “Medina’s Gold Coast”, and is some of the most-sought after waterfront in the Pacific Northwest. Medina today is a small, very quiet, ...
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By Mary Cruz & Team, Real Estate Professionals
(Global Home Brokers)
Everything you need to know when buying a homes in Medina WA Find homes for sale Homes in Medina WA.  Medina is a city located in the Eastside, a region of King County, Washington, United States. Surrounded on the north, west, and south by Lake Washington, opposite Seattle, Medina is bordered by Clyde Hill and Hunts Point, as well as the satellite city of Bellevue. The city's population was 2,969 at the 2010 census. The city is mostly residential and includes Bill Gates' house. Medina has the third highest per-capita income in the state of Washington and the 49th highest in the United States.   Named in 1891 after the city of Medina in Saudi Arabia, Medina was platted in 1914 and officially incorporated on August 19, 1955. According to the city: “In 1891, T.L. Dabney built the first lan...
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By Courtney Cooper, 206-850-8841
(Cooper | Cartwright)
Medina Real Estate Market:  Let’s take a peek at what is happening in Medina, WA! There are 19 Medina homes for sale at the moment.  These range in price from $1,098,000 to $15,000,000 with a median Medina listing price of $3,395,000.  The average days on market for theseMedina listings is 127 days, but that ranges from 6 days to 678 days.  The average dollar per square foot is $838.76. There are 4 Medina properties for sale that are pending inspection in the MLS.  These range in price form $1,298,000 to $1,995,000 with a median list price of $1,641,500  and an average days on market of only 13 days. Additionally, there are 8 Medina homes for sale that are marked simply as pending in the MLS.  This means that they are in escrow and waiting to close. These range in price from $1,248,888 ...
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By Courtney Cooper, 206-850-8841
(Cooper | Cartwright)
Medina is a Unique Luxury Real Estate Market If you would like to live on the banks of Lake Washington in a premier location then you might want to look at Medina.  There are 24 Medina properties for sale right now... Medina Buyers:  If you are interested in Medina waterfront homes, there are many interesting properties and the intricacies involved in purchasing waterfront property can be daunting, but I am happy to help guide you through the process. Medina Sellers:  We have some very fresh marketing that you probably haven't seen from your local broker.  We are able to find buyers with the higher internet exposure we achieve, broad network, unique advertising and international presence.  All this as well as the traditional advertising you have alreadyseen before is bringing in the hig...
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By Kevin Meyer, Eastside and Greater Seattle Homes & Real Estate
(Kevin Meyer Group - John L Scott Real Estate)
Medina WA Home for Sale - Real EstateTHE CROWN JEWEL OF THE EASTSIDE’S GOLD COAST. Fabled Medina lifestyle on 80 feet of sandy low-bank beach waterfront with wide-eyed unobstructed views of Lake Washington, Seattle skyline and snow-capped Olympic Mountains. A favored “50 yard” latitude on the third and most desirable of the three sister points (Yarrow, Hunts and Evergreen) this pristine half-acre faces Husky Stadium straight on. Rising from the land this Medina home for sale is a seductive 3 bedroom, 2.75 bath high end remodel that’s clearly designed for those at the top of their game who are comfortable with their success.Quite possibly the most desirable land in all of Washington State, the residence is party-ready with a deep-water 130 ft dock (power and water, of course) that’s your...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
Medina's sole waterfront home sale in February was a late 1960's home near the tip of Evergreen Point.  The 3,180 square foot home is small for Medina's standards, but a fairly good-sized home in general with three bedrooms, three baths, and two floors.  The majority of Medina waterfront homes are 4,000 square feet or larger. The 118 feet of Lake Washington waterfront are the real value feature, with some of Medina's most-sought after properties near this location.  The home had been on the market for around 1.5 years. Originally listed for $4.38 million in August of 2010, the home was reduced to $3.68 million in March of 2011 and then relisted at $3.495 million with a new real estate broker in August of last year.  The final sale price represents a 14% discount on the final list price,...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
Waterfront home sales in Medina nearly tripled in 2011, another sign that buyers are returning to the luxury real estate market.  Sales of luxury and waterfront homes in Greater Seattle have been on the rise since the bottoming out of luxury sales in 2008 and 2009. After just three Medina waterfront homes sold in 2010, that number jumped to eight in 2011.  The multi-million dollar home sales in Medina were some of the highest-priced sales in the Puget Sound region, ranging from $1.8 million to $7.25 million. Medina Waterfront Home Sales, 2011 8105 Overlake Drive W Medina $1,825,000 432 Overlake Dr E Medina $2,300,000 1651 73RD Ave NE Medina $2,500,000 3640 Evergreen Point Rd Medina $3,000,000 7944 NE 32nd St Medina $3,575,000 538 Overlake Dr E Medina $4,200,000 3645 Evergreen Point Rd ...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
Two Medina waterfront homes sold in June, both topping the $3 million mark.  The first sale was on the Western side of Evergreen Point Rd, with Seattle city views.  I had a chance to tour the home with clients, and at 4500 square feet, it's a sprawling home with walls and walkways of glass, allowing in plenty of sunlight in the afternoon and evening.  The home had been on the market for almost a year, with a final selling price of $3 million, about 86% of its final list price. The second sale was on the protected harbor side of Evergreen Point, on 32nd St.  This Fairweather Bay home has over 6000 square feet of living space and a steel bulkhead with plenty of moorage.  After around 3 years on the market, this home sold for 90% of its final list price, closing out at $3.575 million. 3640...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
The greater Seattle waterfront real estate market has started seeing quite a few more listings as the Spring rush is on.  Considering sales are up 15%, waterfront sellers and buyers are probably making the calculation that the market has finally improved enough to test the waters again.  There are currently about 200 waterfront homes for sale near Seattle.  For King County as a whole, there are nearly 300 homes, and adding Pierce and Snohomish counties brings the total to 617 waterfront homes for sale.  While those numbers sound large, waterfront homes usually only make up 2%-4% of the total inventory of real estate for sale. Current inventory (includes lakefront, Puget Sound, canal, and Bay waterfront): Seattle:  63 waterfront homes Bellevue (including Medina, Yarrow Point, Hunts Point...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
Following the trend of booming waterfront real estate sales in Seattle and Bellevue, overall sales of King County waterfront homes in 2010 were up significantly over the previous year. Unofficial NWMLS statistics show 635 waterfront homes sold in King County for the year, in contrast to just 472 sales in 2009. This 35% increase in sales was badly needed after the struggles of the luxury and real estate markets in 2008 and 2009. Breakdowns of waterfront houses and waterfront condos were similar. 453 waterfront houses were sold, a 36% increase over the 334 previous 2009 sales. Waterfront condos, usually a less-predictive measure of the waterfront real estate market, followed the same path with 182 sales in 2010, up 32% over the 138 waterfront condos sold the year before. We're seeing the ...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
Waterfront real estate on the Eastside continued a strong summer season, with six million-dollar-plus sales of waterfront homes in August. Just three such homes were sold in 2009 in the same month. Waterfront home sales on the Eastside have topped 2009 numbers for more than 6 months straight now, and it seems the trend is likely to continue. Although the overall market has slowed a bit from our strong spring, the sales of luxury and waterfront real estate are still more than double the sales numbers of one year ago. The only segment missing from the waterfront market on the Eastside this month is the high-end luxury market. Recent sales of $5 million+ aren't outpacing last year as much as the $1MM-$5MM range. Sales this month were located on Lake Sammamish and Lake Washington in Medina,...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
Waterfront real estate sales this summer on the Eastside have been far stronger than in 2009. June sales were particularly outstanding, with July showing a slight downturn which wasn't unexpected after the early summer burst, matching the rest of the market in Greate Seattle. Thirteen significant Eastside waterfront home sales on Lake Washington and Lake Sammamish closed in June, and four more lakefront sales closed this July. Compare that to 2009 which had just 7 similar sales in June and 3 in July. So far, the summer of 2010 is turning out to be a boon to waterfront buyers, as a portion of the selling market is getting realistic about the correction in luxury and real estate prices. Many waterfront homes have now been priced at a level that fits the current market, and transactions ar...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
There has been much (uninformed) debate on the web about the possible existence of a tax on real estate sales within the new health care bill passed by Congress and the President this year. It's been called a "sales tax", "transfer tax", "income tax", and some have even said it doesn't exist at all. Let's set the record straight--no politics, just facts. This is a tax that affects a very small number of Americans directly. It is, however, particularly significant for waterfront and luxury real estate owners. It could also be significant to builders, contractors, tradesmen, and others in the real estate industry who are dependent on real estate sales for their employment. (Thanks to Lane Bailey over at ActiveRain for the thorough analysis of the subject--some of his research points synop...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
While Seattle's waterfront real estate market stayed healthy but flat in June, sales of waterfront homes on the Eastside continued to make a big splash. There were 13 homes sold on Lake Washington and Lake Sammamish last month, including a dozen sales over $1 million and 5 sales over $3 million. That more than doubles the sales numbers in June of ‘09 when just 6 waterfront homes in this category were sold. Sales of waterfront homes in Bellevue, Kirkland, Kenmore, Renton, Redmond, Sammamish, and "the Points" have shown healthy growth since late 2009 and are continuing to strengthen the base of the waterfront market. While multi-million dollar transactions were few and far between last year, they're becoming the norm in 2010's market. Waterfront sales usually peak in late summer, so there...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
If you've thought about buying waterfront property in King County and developing the land, you may think about buying an existing structure after reading further. While building a new home, dock/pier, or any other structure on the waterfront can create a beautiful property, there are a variety of regulatory agencies that must be traversed before having the opportunity to receive the desired permits. Moreover, a new structure loses out on one of the greatest assets of existings structures-"grandfathered" real estate. There are bulkheads, docks, boathouses, and near-shore houses all over the Lake Washington, Lake Union, Lake Sammamish, and Puget Sound that couldn't be built today, but can be maintained and restored in their current position. Some grandfathered structures that you could bu...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
Taking a break from the usual statistical analysis, I thought I'd give my own anecdotal evidence of the momentum in the Seattle real estate market (read: opinion). This past week I've had more emails, phone calls, and appointments than any time since the November "end of tax credit crunch". Spring always gets the market moving, but it feels like we just jumped on to the treadmill at full speed. I had a couple of great days at an open house in Wallingford, with potential buyers, looky-loos, and neighborhood walkers constantly in and out. Lots of folks are asking questions about the $8000 and $6500 tax credits (hey're available for a contract signed by April 30), and whether or not it applies to their situation. I've had two sets of young buyers in the North End in multiple-offer situatio...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
Sales of luxury and waterfront single family homes on Seattle's Eastside are nearly double where they were at this point one year ago, following the trend of sales in Seattle proper and signalling a stronger luxury real estate market for the Puget Sound. There were just five sales of greater Bellevue luxury homes over $2 million at this point in 2009, while we've already had 9 of those sales during the same period this year. Greater Bellevue's Luxury Home Sales 157 Lake Ave W, Kirkland WA 98033A Lake Washington waterfront home sold in Kirkland for $2.7 million in Early March. The 1920s home has 4 beds, 2 baths, and 2600 square feet of living space. This West of Market home has 90 feet of waterfront and a dock with deep water moorage. It had been listed for 9 months.   Bellevue Bridle Tr...
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