Medina, WA Real Estate News

By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
Sales of waterfront homes in 2009 were slow on the Eastside, just as they were in Seattle.  Waterfront real estate picked up in the fall, though. Median Eastside/Bellevue waterfront home statistics for 2009: 4 beds, 2.75 baths, 3300 sq ft, $1.4 million and less than 3 months on the market. Top sales for 2009 on the waterfront: A 6300 sq ft home on Meydenbauer Bay, just off downtown Bellevue, this classic mid-century home sold in June.  With 4 beds, 3.25 baths, and and .63 acres, it's an unbelievable parcel near downtown the went for $5.5 million The other major sale was in Medina.  A 5 bed, 7.5 bath, 8000 sq ft home sold in August for $6.1 million.  This home on Medina's Gold Coast has views of the Seattle skyline and westerly sunsets.  Built in 2003, it's modern luxury on the Seattle m...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
Electronic tolling on the 520 bridge crossing Lake Washington between Seattle, WA and Medina/Bellevue is likely to begin in 2011 according to the Seattle Times.   The company contracted to manage the project has said the timeline was moved back from previously-planned 2010 tolling on Evergreen Point. Seattle area drivers will use a Good To Go pass and pay automatically, or will be mailed a bill (must be more Medina cameras on the way). The tolls will also be adjusted based on peak traffic times in an effort to reduce traffic. The reports thus far have estimated tolls around $2-$3, but said people wouldn't balk at paying up to $7. While this may be true for the tech population, it seems a bit harsh to apply that rate to everyone.  There are plenty of students, blue-collar workers, and se...
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By Jason Hershey, Helping clients make great real estate decisions
(Tellus Real Estate Solutions, LLC)
I was doing a BPO (broker’s price opinion) on a short sale in Medina. Medina is considered very exclusive and also has many water front and water view homes. Here is a satellite view: View Larger Map For the BPO, and my own education, I did some research on the local sales history according to MLS records. I thought I’d share them with you. Here are the sales states, for each six month period since the last half of 2007. Period Homes Sold Average Home Size (SF) Average Price / SQ Foot Average Days on Market High Price Low Price Median Price July-Dec 2007 30 3,674 $666.98 91 $7,900,000 $800,000 $1,935,000 Jan-June 2008 15 3,431 $460.78 148 $3,700,000 $735,000 $1,350,000 July-Dec 2008 9 3,673 $470.50 186 $2,725,000 $985,000 $1,350,000 Jan-June 2009 10 3,229 $419.33 162 $1,900,000 $520,000...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
Medina has had just a handful of home sales recorded on the NWMLS in the past couple of months.  Ranging from half a million to over $3 million, these sales really show the range of Medina's homes.  From simple, mid-century ramblers to towering waterfront mansions, Medina is really a picture of the old and new Seattle.  Many families have lived here for 50 years and watched the change from working-class, logger Seattle to high-tech, latte-sipping Seattle. Medina has some of the best West-facing waterfront on Lake Washington, and home buyers pay a healthy sum to scoop it up when it's available.Medina homes for sale Street Baths Beds Lot Sq Ft Sold Price Tot Sq Ft NE 14th St Medina, WA 98039 1.75 3 8668 552500 1880 Evergreen Point Rd Medina, WA 98039 4.5 4 17084 2850000 5710 Evergreen Poi...
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By Sam DeBord, Seattle Real Estate Broker
(SeattleHome.com -Coldwell Banker Danforth)
Three high-end waterfront homes sold in the month of August on the Eastside of the Greater Seattle metro.  Two of these sales were in Medina, and the third was on Lake Sammamish in East Bellevue. Bellevue Waterfront Homes:  The Lake Sammamish home was the least expensive, with a 2/3 acre lot and a small beach house, selling for $1.14 million.  The house is under 800 sq ft, so it's likely to be someone's weekend getaway or to be razed and rebuilt.  This was an estate sale, and the property sat on the market almost a full year, starting out at a $1.8 million listing price. Medina Waterfront Homes:  On the Northeast side of Evergreen Point in Medina, a 4000 sq ft home sold for $2 million, which is a fairly rock-bottom price for Medina waterfront.  The lot was nearly half an acre, and the h...
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