Semi-monthly news and updates about the homes, people, businesses and communities that are featured in Lake Washington 130 Homes. This covers the Lake Washington waterfront in Seattle’s Madison Park, Denny-Blaine and Madrona neighborhoods, Mercer Island, and The Eastside communities of Bellevue, Medina, Hunts Point and Yarrow Point.
(The above home belongs to Charles Simonyi. See 5/31/11 post.)

Friday, April 15, 2011

Waterfront Home Sales Surge In 2011

Bruce McCaw’s Former Groat Point Mansion Sold For $15.3M
This is the most expensive home sold so far in 2011 and was featured in our 2/13/11 post.

The Puget Sound Business Journal reported in the March 31, 2011, edition sales of homes over $1 million are surging. This, of course, includes the premier waterfront homes featured in Lake Washington 130 Homes. The March 254 pending and closed sales for homes over $ 1 million in King County are up 63% year over year. Slightly less half the 254 had closed at the time of publication.

Tere Foster of Foster Realty and Windermere was quoted in the article: “It’s significantly different than last year. There’s some energy in the market.” Tere has the “Harmony” – Glazer Mercer Island $26.9 M listing featured in our 3/20/11 post.

The article also featured a former Microsoft exec who moved from Sammamish to a $3.6M 6,670 sq ft mansion adjacent (but not on the water) to Michael Mastro’s former mansion on Medina’s Evergreen Point.

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