Is Mercer Island expensive to live in?

Mercer Island is Washington state’s most expensive housing market, while Centralia is the most affordable. The average listing price for such a house in Washington is $404,638, placing it eighth among most expensive states.

Is the housing market going to crash in 2021?

Current Growth is Not Sustainable, But a Crash Is Unlikely Moving into the homestretch of 2021, Fannie Mae predicts that home prices will rise by just 7.9% between the fourth quarter of this year and the same time next year at the end of 2022 — “just” being a subjective term.

What is it like living on Mercer Island?

Mercer Island is an excellent place to live with a large variety of amenities and access to two large cities on either sides. The cost of living is high, but the quality of living is high as well and this is why many people live in Mercer Island and commute into Seattle or Bellevue.

Is Mercer Island a safe place to live?

Safety. Mercer Island is considerably safer than neighboring towns and cities and has a much lower crime rate than its neighbor, Seattle. Schools. Mercer Island Washington is known for having good public schools.

Is Mercer Island a good place to retire?

Who lives on Mercer Island?

Just outside of Seattle is a ritzy enclave called Mercer Island, and it’s home to some of Seattle’s billionaires. Microsoft co-founder and NFL Seahawks owner Paul Allen (net worth: $19.8 billion) has a mansion there, as does Starbucks executive chairman Howard Schultz (net worth: $2.8 billion).

Is Mercer Island Nice?

Overall it is a very safe community with good schools. A nice central location with easy access to Seattle and Bellevue, but little traffic since there are not many attractions on the island. Mercer Island is a pretty nice Island.

Will 2022 Be a buyers market?

But limited inventory, skyrocketing prices, and fierce bidding wars made housing harder to come by. But things may soon level out to a more ‘normalized’ market, according to real estate experts. In short, 2022 should be a better market for buyers.