Winter’s in the rearview, and the spring real estate season is off to a fast (and focused) start across Seattle Proper, Mercer Island, and West Bellevue.
Buyers in all price bands are in the game—savvy, selective, and ready to move. Smart sellers are getting a head start, to catch the spring momentum.
In short: the market is buzzing, and there’s a lot to keep an eye on.
Let’s take a look at the luxury market in Seattle (homes $2M+), Mercer Island (homes $2.5M+) and West Bellevue (homes $3M+):
SEATTLE PROPER
The median price for luxury homes in Seattle proper is holding strong at $2.28M, with well-prepped homes spending just 17 days on the market. Turnkey listings—especially in hot spots like Capitol Hill and Queen Anne—are drawing serious attention and often sparking multiple-offer scenarios.
The rest of Seattle’s residential market continues to impress, boasting a median of $566 per square foot and a swift average market time of just 11 days, underscoring strong demand and enduring value.
MERCER ISLAND
Mercer Island’s luxury market is always hot, with the median price sitting at $2.5M and new listings up 45% year-to-date. Buyers are especially tuned into waterfront and view properties, with a noticeable uptick in showings for homes priced under $4M. The sub-$4M sweet spot is where the action is—and competition is heating up.
WEST BELLEVUE
West Bellevue’s luxury market remains strong, with a median sale price of $3.65M and an average of 27 days on market. High-demand neighborhoods like Clyde Hill, Enatai, Medina, and Kirkland proper are still drawing interest—but in this discerning market, pricing needs to be dialed in perfectly to attract serious, motivated buyers.
The average price per square foot across Kirkland and West Bellevue ranges from $737-$934. This is up 3.4%-7.9% year over year.
THE BOTTOM LINE
Whether you're buying or selling, timing and strategy are everything right now. Buyers are back, but moving with intention. Inventory is rising, up in almost all areas, year over year. This means those who act early will have the edge before peak competition hits later this spring. If you're buying, be pre-approved, informed, and ready.
I am proud to be part of the Coldwell Banker Bain, Bellevue office, one of the largest brokerages in our area, home to top agents across the region. In our weekly meetings we dive into market trends, boots on the ground experiences, and stay up to date on legal forms, title, insurance, best practice, and more. Additionally, I am talking daily to colleagues in my areas of interest to make sure you see the right listings before the rest of the market catches on.
If you’re selling, this is your moment to get ahead. The homes winning right now are the ones that are prepped to perfection, priced with an edge, and marketed with muscle. I offer a full-service approach, from data-driven pricing to standout staging to high-impact marketing and the international luxury exposure backed by a legacy of integrity and results.
Let’s talk early, move smart, and make this season your most successful yet. Reply to this email and let’s get started!
