The Post - Week 17

By VDB | Compass

 Historic Mercer Island

6814 East Mercer Way
Mercer Island, WA 98040
Offered at  $1,289,000
Steps to Pioneer Park, home offers charming street appeal w/ Lake Views & spacious backyard! Main floor Master has morning makeup vanity and connected Office/Study. Two generous upper level bedrooms w/shared bath and “big-potential” finished basement. Great Room is positioned for View & delightful Dining Area offers fireside seating. Remodeled kitchen shines w/granite slab & stainless, then adds sunny skylight w/breakfast. Al fresco dining with a View is available on spacious entertainment deck!


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Local Market Trends
April 15th - 21st 2019 Weekly Market Report for Seattle and Eastside
According to Danielle Hale, Chief Economist at, the nation's 2019 real estate market is “going to be a lukewarm year.” Prices will be slightly higher and or flat depending on location, but not near the level of growth we’ve seen in the last 5 years. The team was expecting rates to be in the mid 5’s, which was a big factor in their less optimistic outcome, but because the Federal Reserve kept rates low, this expands the buyer pool leading to higher demand. Small rate increases don't impact the luxury market as much, but he continues say that there’s still "a gap between what sellers are looking for and what buyers are hoping to pay.” That “gap” for Seattle and the Eastside has been inflated asking prices. As of Q1, 2019, asking prices are down -16% compared to Q1 of 2018,.Sold prices are slightly up +0.7% Year-over-Year.
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This new Seattle high-rise condo tower will come with Tesla cars that residents can rent
FA high-rise condo complex under construction near Seattle’s Pike Place Market will come with an interesting perk for residents: On-demand Tesla vehicles.Developers of The Emerald are partnering with...
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Understanding Seattle's $219 million library levy, headed to voters this fall 
On Monday the city council voted 8-0 to send a library property tax to Seattle voters that would replace one that expires at the end of this year. But  what exactly the proposed "Libraries for All" levy will cost taxpayers measure will .....
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International Insights
Foreign investors spot potential in China’s Greater Bay property market
Foreign capital is expected to flow into China’s Guangdong-Hong Kong-Macao Greater Bay Area (GBA), which offers cross-border investors access to the fast-growing real estate markets of....
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As Property Prices Across England and Wales Stagnate, an East/West Divide Emerges 
Prices in March were virtually unchanged from the prior year. Across the two countries, the typical north/south divide is still flipped. The generally more expensive south of England ...
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Trending Headlines
2019's Housing Market Is Likely to Be Stronger Than We Thought—Here's Why
Despite a real estate slowdown gripping the nation, this year's housing market is expected to be busier than® economists originally predicted late last year. That means more home sales—and higher prices—are on the way. The anticipated uptick in activity is due to lower mortgage rates, which make homes more affordable for buyers. The economic team expected rates to climb to 5.5% in 2019, but instead they have hovered around 4%. (They were 4.17% on 30-year, fixed-rate mortgages as of April 18, according to Freddie Mac data.) Economists say rates are now likely to rise a little to 4.5%, still well below what buyers were dreading... 
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Things To Do
Seattle Metropolitan Fashion Week 2019
Metropolitan Fashion Week is the only Fashion week that features both Fashion and Costume Designers on epic runways at historic & iconic venues.To purchase tickets click here....
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Kentucky Derby Party at W Bellevue
Join us on Saturday May, 4th 2019 for the Kentucky Derby Party presented by W Bellevue & the Seattle Polo & Equestrian Club. Wear your best derby attire and come ready for....
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Homes to Inspire
22 Lelands Path
Edgartown, MA 02539

Offered at $14,900,000

Set on a commanding perch above the shores of Katama Bay, this luxurious 10,000 sf gambrel home, designed by renowned architect Patrick Ahearn, awaits the buyer searching for the best of coastal estates in New England. With nearly 6 acres private and over 40 acres of surrounding conservation parcels, peace and serenity are what define this Martha’s Vineyard residence....
80 Further Lane
East Hampton, NY 11937

Offered at $10,975,000

Sited on 1.84 gated acres on fabled Further Lane, this stunning and sophisticated residence is truly one of a kind. Recently renovated and staged to perfection, features include 9 en-suite bedrooms, 11 full and 2 half baths, grand entry foyer, formal and casual living rooms, eat-in kitchen, formal dining room, den, library, study, 8 fireplaces and glorious details and entertaining spaces throughout, including a screened-in patio.....
Mark von der Burg
Sr. Compass Founding Broker Seattle
206.245.9185 Seattle
425.882.8821 Eastside


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© Compass 2018 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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