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September statistics show more of the same, although all three figures show the “minor relief” for buyers that was predicted in May 2021.

Median closed sales price vs $1,310,000 up 26% year over year vs 

  • August $1,300,000 up 24%
  • July $1,330,563 up 32%
  • June $1,364,000 up 40%

70% of homes sold for over list price. The median over list price paid was 11%. 86% of properties that sold had less than 15 days on market.

Expect prices to rise from January through April 2022 based on historical seasonal trends. Although, I do not expect the price increases to match January to April 2021. The monthly payment divided by the inflation trendline is at 136%. In December 2020 it was 116%. The current 136% is approaching the 2018 market peak of 140% and the 2007 market peak of 151%. 

There are two schools of thought. Prices may not continue to rise because the monthly payment will be beyond buyers affordability. However, due to short supply and increased demand with the tech industry flow of new hires into the area, prices may continue to rise, but at a more moderate pace. 

- Max

Stats as of September 2021
Eastside Market Report

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Local Events
WAG'N WALK 

October 10th

Bring your dog to the park on Sunday, October 10 and participate in our 3K “Walk in the Park” to benefit Friends of Lake Sammamish State Park. After the 3K, stay on for the pet show. Pet show categories include best dressed, smallest dog, best eyes, dog/owner look-alike, best voice and best trick. Pet show winners in each category will be given All the Best gift certifiates!

KIRKLAND HARVESTFEST

October 16th

Join us for the City of Kirkland's Fall Harvest Festival on Saturday, October 16th from 10:00 am to 4:00 pm! Located at the North side of Juanita Beach Park Kirkland. This festival has it all! Craft vendors, food, music, Kids Korral, face painting, cow milking, tractor rides, crafts, games, apple cider press and even a pie eating contest!  

TRICK OR TROT 

October 30th

Come celebrate Halloween with us at Bridle Trails State Park on October 30th. Activities for all ages, from a 1k scavenger hunt to a 5k run. Dress accordingly as this event is Rain or shine. Free to all, make sure to register online. Don't forget your costumes!

Featured Listings
Greenlake 
Offered at $2.485MM
1819 N 90th Street, Seattle

Stunning Modern is located just minutes from Greenlake and the new light rail station. Exceptional layout offering a spacious main home with 5 bedrooms + loft as well as a private, detached 1 bedroom, 672sf ADU with off-street parking. Complete home automation and loaded with upgrades: voice-controlled LED lighting, shades, security system, pre-wired for 4K surveillance, Cat6 wiring throughout, and 60amp car charger. 

OPEN HOUSE SAT 10/9 1-4PM

BRIDLE TRAILS

$3.4MM | PENDING 

14216 SE 41st Street
Bellevue, WA 98006

5 Bed + Den + Bonus | 4 Bath | 3,965 sqft
 

KIRKLAND

$1.9MM | PENDING

12412 NE 108th Place
Kirkland, WA 98033

8 Bed | 5 Bath | 3,647 sqft

MAX ROMBAKH

Managing broker

Luxury Real Estate Specialist

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Max Rombakh, Windermere Real Estate · 3933 Lake Washington Blvd NE Ste 100 · Kirkland, WA 98033-7806 · USA