• The 2018 Waterfront Report

The Waterfront Report Heading

TABLE OF CONTENTS


  1. Why the Waterfront Report
  2. Chris & The Team
  3. About WashingtonWaterfronts.com
  4. About Coldwell Banker Bain Global Luxury
  5. Our Trusted Lending Partner
  6. The Waterfront Report Explained
  7. Report Glossary
  8. Waterfront Market Depth
  9. Counties
  10. Puget Sound
  11. Hood Canal
  12. Lakes
  13. Islands
  14. Coast
  15. Northwest
  16. Disclaimers
  17. Alphabetical Index

Why the Waterfront Report

COMPREHENSIVE MARKET KNOWLEDGE

Welcome to the 2018 Waterfront Report, your guide to waterfront real estate market data and trends for waterfront property in Western Washington State.

Those who own waterfront property know they possess something valuable. Generalized real estate market data has historically failed to isolate and acknowledge the valuable characteristics of waterfront property, specific to the communities in which the property is located. The Waterfront Report is designed to do just that. We’ve analyzed the last 3 years of waterfront real estate transactions, studied every available data point, and organized the results by community.

While conducting this analysis significantly expanded the depth of our waterfront market knowledge, the most valuable result is that we have determined the property attributes real waterfront buyers seek and how they are funding their investments. This information arms waterfront property sellers with greater context and allows for more informed decision-making when deciding to sell and at what price.

I sincerely hope this information is useful to you. Please don’t hesitate to contact our Team to discuss the waterfront market in which you own property or would like to.

Chris Murphy


CHRIS & THE TEAM

Chris Murphy

CHRIS MURPHY
Team Leader, REALTOR®, CLHMS™, RSPS

Chris Murphy is highly-regarded by his clients and peers for having an inspiring work ethic, a high level of integrity, and extensive market knowledge as a waterfront specialist.

Chris partnered with Larry & Linda Clarke more than 10 years ago and created the WashingtonWaterfronts.com Team with the mission of relentlessly exceeding client expectations.

The WashingtonWaterfronts.com Team is dedicated to providing exceptional client service. They firmly believe there is no substitute for a professional who knows the waterfront market and how to expertly navigate the purchase and sale of waterfront real estate, while genuinely caring about the needs of their clients.

Washington Waterfronts Team


About Washington Waterfronts

From our initial launch in 2000, WashingtonWaterfronts.com has existed for two reasons: (1) provide an easy-to-use waterfront-specific search experience for waterfront homebuyers; and (2) provide an industry-leading marketing platform for sellers to maximize the selling price of their waterfront property. The foundation on which both of these objectives is built is the WashingtonWaterfronts.com Team’s dedication to having the most comprehensive market knowledge and being waterfront specialists you can trust.

The most important consideration to marketing your waterfront property is understanding the prospective buyer. In line with the two-pronged approach described above, our web platform was intentionally designed to allow prospective buyers to search for waterfront property on more than 1,000 community pages featuring in-depth descriptions, videos, and market data. As a leading waterfront real estate website, the signals we receive from our site’s users illustrate what prospective buyers value the most. We then use the most sought after characteristics to create compelling storytelling for the properties listed by the WashingtonWaterfronts.com Team.

The combination of data-backed storytelling and focused distribution on dedicated luxury and waterfront platforms allows our team to maximize the selling price of your waterfront property.


Coldwell Banker Bain Global Luxury

Coldwell Banker Bain is the #1 Coldwell Banker affiliate in the world with nearly $6 billion in volume in 2018, and has been helping people buy and sell homes in the Pacific Northwest since 1972. With 1,100+ brokers in 32 offices throughout Washington and Oregon, the company provides the full spectrum of services to buyers and sellers, with special expertise in the luxury realm. Additionally, the company has once again earned the national Coldwell Banker Chairman’s Circle designation for outstanding performance in volume for 2018, ranking as a No. 1 network affiliate out of 3,000 offices in 48 countries. The company also provides services in property management, commercial real estate and real estate investment, and relocation management. Coldwell Banker Bain consistently ranks among the Top 20 Real Estate Companies as cited by Real Trends and RISMedia's Real Estate.


LEADERS IN LUXURY

EXCEEDING EXPECTATIONS AND CREATING EXCEPTIONAL EXPERIENCES

Finding a discerning buyer for a one-of-a-kind property takes ingenuity -- and an expert command of today’s online arena. The Coldwell Banker Global LuxuryTM program has mastered the art of digital marketing, ensuring your property is seen by the widest possible audience of qualified buyers. Luxury properties that are marketed through the program will enjoy immediate syndication through a comprehensive network of prominent real estate websites, including WSJ.com, NYTimes.com, RobbReport.com, UniqueHomes.com, and international websites through ListHub Global.

Coldwell Banker Bain Global Luxury Distribution


GLOBAL CONNECTION

POWER IN NUMBERS

The Coldwell Banker© brand is a true global force, with the power to showcase exceptional properties and reach affluent buyers around the world and in dozens of languages.

Coldwell Banker Bain Global Luxury Distribution 2


OUR TRUSTED LENDING PARTNER

Kyle Rorhbaugh RPM Mortgage

With more than 11 years of experience in mortgage lending, Kyle Rohrbaugh is excited to partner with RPM Mortgage. As one of the most well-respected mortgage professionals in Puget Sound, Kyle’s expertise in the mortgage space is unparalleled, and he is further distinguished by his commitment to advising his clients towards wealth creation while skillfully guiding them through the loan process.

With access to RPM’s world-class mortgage platform, robust product selection, and competitive rates, Kyle can offer his clients unmatched service and support. He is an advocate of RPM’s “Can do. Will do.” philosophy, and his goal is to help his clients select the loan solution that best fits their needs.

Kyle has an accounting degree from Pepperdine University, and has received recognition as a top 1% loan originator in the U.S. having closed nearly 200 loans annually for the past several years.

Away from work Kyle enjoys fishing, Crossfit, and cheering on his Seattle sports teams. He was raised in Gig Harbor, WA, where he currently resides with his wife Leah and their four young daughters.


WATERFRONT REPORT EXPLAINED

The WashingtonWaterfronts.com Team has analyzed a number of metrics from more than 14,000 closed waterfront transactions over a three year span -- including available inventory, sales prices, sales dollar volume, number of sales, sales-price-to-list-price ratios, days on market (DOM), and price-per-square-foot -- to provide you a comprehensive market report of waterfront properties in Western Washington State.

Additionally, we have further examined the most popular individual waterfront communities to provide an in-depth analysis. We analyzed the property characteristics and type of waterfront, whether the property includes a bulkhead, dock, or tideland rights, and the vehicle through which Real Buyers exchanged money for real estate.

The Waterfront Report is presented in a macro-to-micro format starting with a holistic analysis of the closed waterfront transactions in Western Washington State, including all property types other than vacant land. Next, we transition to a County-level analysis looking specifically at waterfront single-family home transactions. We conclude the data analysis portion of this report by looking at market trends at the city-level, island-level, and lake-level, all of which focused on waterfront single-family home transactions.

REPORT GLOSSARY

REAL BUYERS: Arguably the most important definition in The Waterfront Report. The number of Real Buyers is the number of parties who successfully closed a waterfront transaction. The activity level and decisions made by Real Buyers is the most valuable indicator of market demand because it represents the transactions for which a buyer exchanged money for real estate. Considering the annual average total sales ratio is <22%, we focus on Real Buyers, rather than the market as a whole, as an indicator of what buyers actually demand.
MEDIAN MONTHLY INVENTORY: The total number of waterfront single-family homes available at the close of a month.
ANNUAL TOTAL SALES RATIO: The annual average of monthly closed transactions to median monthly inventory ratio. Sales Ratio helps define market speed and provide an illustration of whether the market currently favors buyers or sellers. Generally, Buyer’s Market = up to 14%; Balanced Market = 15 to 20%; Seller’s Market = 21% plus.
ANNUAL MEDIAN DAYS ON MARKET (DOM): The median number of days a home is available on the market before a purchase offer is accepted.
ANNUAL MEDIAN SP/LP RATIO: The annual median Sold Price (SP) to Original List Price (LP) ratio for all closed transactions within a defined location and year.
PRICE PER SQUARE FOOT: The dollar amount of the home’s selling price for an individual finished square foot.


WATERFRONT MARKET DEPTH

Washington State Annual Waterfront Transaction Volume


2018 WATERFRONT TRANSACTION VOLUME

Washington State 2018 Waterfront Transaction by Property Type


Washington Waterfront Market Statistics by County

WATERFRONT MARKET REPORT BY COUNTY

Our analysis of the waterfront market begins with a look at 18 Western Washington State counties, organized in descending order by the highest transactional dollar volume to the lowest for single-family waterfront homes.

Largely driven by Lake Washington waterfront transactions, King County volume is three times that of the county with the next highest volume. King County’s median sold price of $1M is motivating waterfront home buyers to consider other counties. As a result, King County’s total waterfront transaction volume is down -2.33%, while in its neighboring Pierce and Kitsap County transaction volume is up 5.74% and 1.63% respectively.

Mason County and Thurston County realized some of the greatest volume growth, with 18.83% and 18.56% respective increases, primarily comprised of salt water properties on the shores of the South Puget Sound and the South Hood Canal.

Washington Waterfront Sales Volume by County


COUNTY TABLE OF CONTENTS

  1. King
  2. Pierce
  3. Kitsap
  4. Island
  5. Snohomish
  6. Mason
  7. San Juan
  8. Whatcom
  9. Thurston
  10. Skagit
  11. Grays Harbor
  12. Chelan
  13. Jefferson
  14. Clallam
  15. Cowlitz
  16. Pacific
  17. Lewis
  18. Wahkiakum


KING COUNTY WATERFRONT MARKET STATISTICS

King County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

185.5

549

25.45%

22

2017

155.5

529

28.42%

26

2018

155

489

26.29%

19


King County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$895,000

$855,000

97.89%

$396

2017

$1,185,000

$1,090,000

97.56%

$455

2018

$999,999

$1,000,000

98.31%

$463


King County Financing and Waterfront Type

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PIERCE COUNTY WATERFRONT MARKET STATISTICS

Pierce County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

167

356

18.39%

56

2017

139.5

394

23.25%

36

2018

117

371

25.92%

33


Pierce County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$650,000

$580,000

95.38%

$224

2017

$647,000

$610,000

96.36%

$249

2018

$699,999

$675,000

96.30%

$274


Pierce County Financing and Waterfront Type

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KITSAP COUNTY WATERFRONT MARKET STATISTICS

Kitsap County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

118

301

21.56%

47.5

2017

84.5

317

30.31%

31.5

2018

64

284

36.45%

20


Kitsap County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$650,000

$626,050

95.89%

$268

2017

$699,975

$650,000

96.95%

$299

2018

$800,000

$799,000

97.32%

$348


Kitsap County Financing and Waterfront Type

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ISLAND COUNTY WATERFRONT MARKET STATISTICS

Island County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

109

205

16.02%

54

2017

84

245

23.85%

61

2018

63

197

26.47%

24


Island County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$625,000

$595,000

96.40%

$303

2017

$699,000

$659,250

95.88%

$318

2018

$700,000

$675,000

97.78%

$359


Island County Financing and Waterfront Type

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SNOHOMISH COUNTY WATERFRONT MARKET STATISTICS

Snohomish County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

99

305

27.94%

35

2017

70

317

37.75%

23

2018

72.5

267

31.51%

24


Snohomish County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$449,250

$417,050

96.84%

$223

2017

$498,000

$485,000

97.82%

$249

2018

$569,950

$550,000

97.52%

$273


Snohomish County Financing and Waterfront Type

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MASON COUNTY WATERFRONT MARKET STATISTICS

Mason County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

107.5

251

18.72%

49.5

2017

88.5

257

23.73%

38

2018

70

274

32.98%

24


Mason County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$360,000

$337,500

95.84%

$194

2017

$399,000

$380,000

97.26%

$224

2018

$449,000

$420,000

97.27%

$246


Mason County Financing and Waterfront Type

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SAN JUAN COUNTY WATERFRONT MARKET STATISTICS

San Juan County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

126

87

5.96%

219.5

2017

99.5

94

7.75%

163.5

2018

96.5

80

7.10%

144


San Juan County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$949,500

$822,635

88.34%

$393

2017

$921,500

$875,000

92.10%

$421

2018

$1,117,500

$991,250

92.44%

$449


San Juan County Financing and Waterfront Type

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WHATCOM COUNTY WATERFRONT MARKET STATISTICS

Whatcom County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

97

155

14.15%

73.5

2017

71.5

166

19.08%

38

2018

68

151

18.63%

26.5


Whatcom County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$547,450

$507,750

94.97%

$217

2017

$575,000

$515,000

96.23%

$251

2018

$617,450

$579,900

96.66%

$280


Whatcom County Financing and Waterfront Type

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THURSTON COUNTY WATERFRONT MARKET STATISTICS

Thurston County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

62

165

22.29%

26

2017

47

164

28.88%

27

2018

48.5

187

33.21%

23


Thurston County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$449,975

$438,750

96.27%

$184

2017

$532,450

$507,500

97.86%

$217

2018

$574,900

$550,000

96.57%

$246


Thurston County Financing and Waterfront Type

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SKAGIT COUNTY WATERFRONT MARKET STATISTICS

Skagit County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

67.5

123

14.88%

96

2017

60

116

16.47%

56

2018

55.5

118

17.46%

59


Skagit County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$509,500

$490,000

94.78%

$232

2017

$569,000

$535,000

95.96%

$289

2018

$584,950

$558,000

95.80%

$269


Skagit County Financing and Waterfront Type

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GRAYS HARBOR COUNTY WATERFRONT MARKET STATISTICS

Grays Harbor County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

99

145

12.10%

77

2017

80

181

18.14%

90

2018

68.5

181

22.02%

60


Grays Harbor Waterfront County Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$265,000

$250,000

95.65%

$157

2017

$285,950

$269,900

95.98%

$165

2018

$299,000

$286,700

96.49%

$185


Grays Harbor County Financing and Waterfront Type

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CHELAN COUNTY WATERFRONT MARKET STATISTICS

Chelan County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

31.5

59

15.16%

48

2017

23.5

46

16.70%

83.5

2018

33.5

51

14.40%

50


Chelan County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$849,500

$802,000

95.46%

$400

2017

$834,500

$777,500

94.06%

$355

2018

$965,000

$872,500

96.02%

$457


Chelan County Financing and Waterfront Type

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JEFFERSON COUNTY WATERFRONT MARKET STATISTICS

Jefferson County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

63

91

12.16%

100

2017

42

112

20.64%

82.5

2018

32.5

90

21.85%

60


Jefferson County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$469,950

$440,000

95.82%

$247

2017

$582,950

$551,800

95.69%

$271

2018

$559,950

$569,568

97.15%

$289


Jefferson County Financing and Waterfront Type

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CLALLAM COUNTY WATERFRONT MARKET STATISTICS

Clallam County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

29

32

9.10%

97

2017

32.5

62

16.29%

40

2018

29.5

65

19.24%

72


Clallam County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$414,500

$405,000

93.26%

$206

2017

$532,000

$500,000

95.71%

$224

2018

$464,500

$429,450

94.12%

$246


Clallam County Financing and Waterfront Type

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COWLITZ COUNTY WATERFRONT MARKET STATISTICS

Cowlitz County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

17

43

21.59%

35

2017

12.5

58

36.01%

45

2018

12.5

43

29.41%

50


Cowlitz County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$310,000

$285,000

95.45%

$161

2017

$319,265

$303,650

98.44%

$162

2018

$377,450

$339,950

95.30%

$186


Cowlitz County Financing and Waterfront Type

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PACIFIC COUNTY WATERFRONT MARKET STATISTICS

Pacific County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

51

79

12.82%

88

2017

45

81

15.03%

142

2018

60.5

69

9.90%

58.5


Pacific County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$280,000

$260,000

94.34%

$152

2017

$329,000

$305,000

94.38%

$165

2018

$349,000

$314,000

95.30%

$184


Pacific County Financing and Waterfront Type

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LEWIS COUNTY WATERFRONT MARKET STATISTICS

Lewis County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

33

48

12.02%

66

2017

25

66

21.99%

54

2018

18

46

22.11%

89


Lewis County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$330,000

$300,000

92.52%

$149

2017

$299,900

$274,500

95.02%

$168

2018

$344,900

$340,000

96.91%

$187


Lewis County Financing and Waterfront Type

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WAHKIAKUM COUNTY WATERFRONT MARKET STATISTICS

Wahkiakum County Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

9

20

18.69%

68

2017

13

16

13.22%

13

2018

8

14

14.12%

113


Wahkiakum County Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$290,000

$270,000

92.86%

$154

2017

$254,900

$254,900

96.27%

$166

2018

$330,000

$304,000

91.30%

$195


Wahkiakum County Financing and Waterfront Type

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Puget Sound Region Waterfront Market Statistics

PUGET SOUND WATERFRONT REAL ESTATE STATISTICS

This section marks our transition from a broader county-level analysis to a city-level analysis grouped by the region in which the majority of a community’s transactions occurred. Additionally, we’ve isolated transactions for specific lakes and islands, the data for which has been grouped accordingly.

More than $418M in waterfront transactions occurred in the cities of Seattle & Bellevue, which represents 14% of the 2018 transaction volume we analyzed. Although they represent such a large share of the waterfront market, both experienced volume growth rates (14.68% & 6.8%) below the average growth rate of the cities we analyzed in the Puget Sound region (15.04%).

The transaction volume for waterfront single-family homes in Gig Harbor and Olympia both increased more than 20% from 2017 to 2018 to $91M and $76M respectively. The growth of the South Puget Sound waterfront market reflects the slowing population growth in King County and rapidly increasing population growth in Pierce and Thurston Counties.

Puget Sound Region Waterfront Real Estate by City


PUGET SOUND REGION TABLE OF CONTENTS

  1. Bellevue
  2. Seattle
  3. Gig Harbor
  4. Olympia
  5. Kirkland
  6. Sammamish
  7. Shelton
  8. Bremerton
  9. Lakewood
  10. Key Peninsula
  11. Poulsbo
  12. Port Orchard
  13. Kingston
  14. Federal Way
  15. Tacoma


BELLEVUE WATERFRONT MARKET STATISTICS

Bellevue Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

11

30

23.42%

35

2017

10.5

31

25.54%

42.5

2018

13.5

32

20.09%

52


Bellevue Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$3,915,000

$3,503,000

95.94%

$801

2017

$3,949,000

$3,775,000

96.47%

$916

2018

$3,840,000

$3,692,750

96.75%

$973


Bellevue Financing and Waterfront Type

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SEATTLE WATERFRONT MARKET STATISTICS

Seattle Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

26.5

96

29.50%

22

2017

29

86

24.79%

18

2018

32.5

80

19.43%

17


Seattle Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$1,200,000

$1,180,000

97.69%

$621

2017

$1,494,000

$1,465,000

95.95%

$619

2018

$1,400,000

$1,300,000

98.38%

$705


Seattle Financing and Waterfront Type

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GIG HARBOR WATERFRONT MARKET STATISTICS

Gig Harbor Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

42.5

91

18.11%

56

2017

46

84

16.82%

43

2018

39

96

21.46%

56.5


Gig Harbor Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$740,000

$715,000

94.06%

$271

2017

$869,000

$800,000

96.72%

$278

2018

$837,500

$816,500

94.97%

$347


Gig Harbor Financing and Waterfront Type

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OLYMPIA WATERFRONT MARKET STATISTICS

Olympia Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

47.5

124

22.13%

27

2017

38.5

114

24.38%

28

2018

39

123

25.41%

21


Olympia Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$459,000

$444,500

96.28%

$188

2017

$568,500

$552,000

97.84%

$222

2018

$595,000

$586,000

96.66%

$252


Olympia Financing and Waterfront Type

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KIRKLAND WATERFRONT MARKET STATISTICS

Kirkland Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

8.5

19

18.44%

29

2017

7.5

17

23.74%

22

2018

3

15

44.03%

4


Kirkland Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$2,885,000

$2,850,000

93.75%

$669

2017

$3,488,000

$3,150,000

96.26%

$779

2018

$3,798,000

$3,699,000

100%

$743


Kirkland Financing and Waterfront Type

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SAMMAMISH WATERFRONT MARKET STATISTICS

Sammamish Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

3.5

28

92.16%

9.5

2017

4

27

64.33%

13

2018

5

21

39.97%

16


Sammamish Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$1,922,500

$1,890,000

100%

$611

2017

$2,393,500

$2,419,500

100%

$695

2018

$2,100,000

$2,050,000

96.84%

$633


Sammamish Financing and Waterfront Type

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SHELTON WATERFRONT MARKET STATISTICS

Shelton Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

41.5

107

21.18%

44.5

2017

33

92

22.88%

41.5

2018

21.5

103

38.54%

35


Shelton Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$379,950

$354,500

96.37%

$189

2017

$392,450

$365,000

97.45%

$216

2018

$425,000

$400,000

96.80%

$221


Shelton Financing and Waterfront Type

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BREMERTON WATERFRONT MARKET STATISTICS

Bremerton Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

22

94

36.35%

35.5

2017

14.5

72

38.45%

31

2018

12.5

61

35.17%

15


Bremerton Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$492,000

$462,500

97.94%

$214

2017

$444,950

$427,500

96.48%

$219

2018

$575,000

$573,000

97.71%

$262


Bremerton Financing and Waterfront Type

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LAKEWOOD WATERFRONT MARKET STATISTICS

Lakewood Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

24.5

33

12.13%

80

2017

15.5

41

24.11%

42

2018

13

37

25.22%

69


Lakewood Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$772,900

$729,000

95.98%

$206

2017

$647,000

$637,500

96.24%

$203

2018

$995,000

$975,000

91.37%

$260


Lakewood Financing and Waterfront Type

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KEY PENINSULA WATERFRONT MARKET STATISTICS

Key Peninsula Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

26.5

51

16.35%

53

2017

18.5

69

30.39%

32.5

2018

14.5

56

31.71%

18


Key Peninsula Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$499,500

$481,500

94.90%

$209

2017

$455,000

$444,500

97.36%

$247

2018

$497,500

$478,000

99.02%

$271


Key Peninsula Financing and Waterfront Type

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POULSBO WATERFRONT MARKET STATISTICS

Poulsbo Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

16

38

23.92%

41.5

2017

12

45

32.34%

24

2018

8

30

50.24%

29


Poulsbo Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$710,000

$695,000

95.85%

$298

2017

$749,000

$729,000

97.08%

$299

2018

$799,000

$850,000

99.28%

$301


Poulsbo Financing and Waterfront Type

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PORT ORCHARD WATERFRONT MARKET STATISTICS

Port Orchard Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

17

38

21.55%

100

2017

12.5

50

35.30%

29.5

2018

10

39

31.38%

27


port Orchard Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$469,000

$464,200

92.71%

$215

2017

$512,000

$484,250

96.67%

$196

2018

$549,999

$535,000

97.21%

$266


Port Orchard Financing and Waterfront Type

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KINGSTON WATERFRONT MARKET STATISTICS

Kingston Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

14

26

19.67%

73.5

2017

8

11

10.84%

140.5

2018

3.5

25

55.74%

12


Kingston Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$652,450

$621,500

93.52%

$281

2017

$792,000

$737,250

92.51%

$292

2018

$735,000

$713,000

98.25%

$370


Kingston Financing and Waterfront Type

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FEDERAL WAY WATERFRONT MARKET STATISTICS

Federal Way Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

7

18

20.04%

14.5

2017

7

20

23.80%

63

2018

5

18

52.02%

47


Federal Way Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$549,975

$591,500

99.12%

$271

2017

$644,500

$653,750

94.84%

$243

2018

$614,500

$567,500

96.40%

$253


Federal Way Financing and Waterfront Type

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TACOMA WATERFRONT MARKET STATISTICS

Tacoma Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

7.5

12

15.89%

99

2017

7

14

17.97%

71.5

2018

4.5

18

43.27%

37


Tacoma Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$508,475

$441,350

91.41%

$194

2017

$494,375

$469,876

97.10%

$232

2018

$562,475

$537,500

95.93%

$298


Tacoma Financing and Waterfront Type

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Hood Canal Region Waterfront Real Estate

HOOD CANAL WATERFRONT REAL ESTATE STATISTICS

Hood Canal is a long, narrow fjord, one of the four main basins in the Puget Sound, boasting nearly 213 miles of shoreline and over 16 square miles of tidelands, separating the Kitsap Peninsula from the Olympic Peninsula along its entire length.

In the far north corner where it meets Puget Sound waters and on the west side of the Kitsap Peninsula, Hood Canal waterfront owners enjoy expansive, breathtaking views of the canal and the craggy Olympic Mountains.

An angler’s and a shellfish harvester’s paradise, you’ll have easy access to salmon, steelhead and cutthroat trout fishing, as well as the opportunity to harvest clams, oysters and mussels.

The greatest transactional volume growth in the region occurred on the North Shore of the Hood Canal’s southern leg, primarily in the city of Belfair, with 14.49% growth from roughly $20M to over $23M.

Hood Canal Waterfront Real Estate Statistics


HOOD CANAL REGION TABLE OF CONTENTS

  1. Belfair
  2. Port Ludlow
  3. Seabeck
  4. Hansville
  5. Hoodsport
  6. Union
  7. Brinnon
  8. Lilliwaup


BELFAIR WATERFRONT MARKET STATISTICS

Belfair Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

25.5

48

15.89%

39

2017

18

51

23.73%

43.5

2018

17

51

28.79%

22


Belfair Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$359,900

$346,500

96.00%

$200

2017

$425,000

$406,470

97.17%

$257

2018

$479,000

$465,000

95.56%

$289


Belfair Financing and Waterfront Type

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PORT LUDLOW WATERFRONT MARKET STATISTICS

Port Ludlow Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

24.5

33

10.99%

119.5

2017

11.5

49

35.35%

108

2018

9.5

32

28.16%

43


Port Ludlow Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$467,500

$455,500

96.26%

$260

2017

$580,000

$587,640

98.10%

$277

2018

$599,900

$610,000

100%

$298


Port Ludlow Financing and Waterfront Type

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SEABECK WATERFRONT MARKET STATISTICS

Seabeck Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

4

9

38.75%

56

2017

5

14

25.86%

13.5

2018

5.5

10

28.70%

37.5


Seabeck Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$719,000

$680,000

93.25%

$322

2017

$629,500

$635,000

97.96%

$333

2018

$699,000

$625,000

94.95%

$330


Seabeck Financing and Waterfront Type

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HANSVILLE WATERFRONT MARKET STATISTICS

Hansville Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

8

12

12.84%

130

2017

5

11

17.98%

98

2018

4

10

26.39%

43.5


Hansville Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$625,000

$572,000

92.51%

$282

2017

$750,000

$650,000

96.16%

$273

2018

$762,500

$712,750

95.24%

$339


Hansville Financing and Waterfront Type

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HOODSPORT WATERFRONT MARKET STATISTICS

Hoodsport Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

11

14

9.47%

291

2017

12

28

24.07%

58.5

2018

6.5

20

22.43%

29.5


Hoodsport Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$277,500

$190,000

88.82%

$203

2017

$392,850

$362,500

95.28%

$267

2018

$377,000

$382,500

96.38%

$236


Hoodsport Financing and Waterfront Type

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UNION WATERFRONT MARKET STATISTICS

Union Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

4

11

30.56%

20

2017

4

6

13.00%

51

2018

4

8

22.27%

75


Union Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$395,000

$348,000

94.65%

$199

2017

$475,000

$455,000

96.87%

$235

2018

$579,450

$555,000

96.01%

$230


Union Financing and Waterfront Type

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BRINNON WATERFRONT MARKET STATISTICS

Brinnon Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

13.5

18

12.45%

119

2017

10.5

23

17.67%

113

2018

6

16

20.77%

75


Brinnon Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$377,500

$361,750

95.14%

$226

2017

$459,950

$425,000

92.29%

$226

2018

$380,000

$372,000

96.97%

$249


Brinnon Financing and Waterfront Type

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LILLIWAUP WATERFRONT MARKET STATISTICS

Lilliwaup Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

7

5

8.37%

379

2017

5.5

7

13.49%

168

2018

3

6

12.36%

18


Lilliwaup Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$222,450

$213,000

90.62%

$267

2017

$335,000

$305,000

91.04%

$149

2018

$350,000

$347,500

95.42%

$168


Lilliwaup Financing and Waterfront Type

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Washington State Lakefront Real Estate Markets

LAKEFRONT WATERFRONT REAL ESTATE STATISTICS

It’s no surprise that Lake Washington represents the majority of waterfront transaction volume at 16% ($493M) of the total 2018 single-family volume across all waterfront types ($3.09B). However, the -0.88% annual volume growth rate is closer to the statewide annual waterfront growth rate of 0.52%. Additionally, the second largest lakefront market in Western Washington, Lake Sammamish, saw single-family home volume fall -8.96% from 2017 to 2018.

In line with the trends previously identified in this report, the South Puget Sound lakefront market saw strong growth, albeit trading at a much lower transaction volume. Lake Steilacoom, American Lake, and Gravelly Lake transaction volume grew 55.62%, 30.23%, and 31.95% respectively. Although, the neighboring Lake Tapps market, in which $69M in waterfront single family homes sold in 2018, only saw a 5.83% growth over 2017.

Lake Chelan saw 36.8% volume growth in 2018 ($41.5M from $30.3M). Guy Evans from Coldwell Banker Lake Chelan Properties comments, “Lake Chelan waterfront home sales surged in 2018 due to a steady flow of Seattle-area buyers. Luxury homes on the north-shore especially contributed to overall sales volume. Buyers paid with cash in nearly half the purchases and deployed quickly on turn-key homes with updated finishes.”

Washington State Lakefront Real Estate Statistics


LAKES TABLE OF CONTENTS

  1. Lake Washington
  2. Lake Sammamish
  3. Lake Tapps
  4. Lake Chelan
  5. Lake Union
  6. Lake Whatcom
  7. Lake Steilacoom
  8. Lake Stevens
  9. American Lake
  10. Gravelly Lake
  11. Mason Lake


LAKE WASHINGTON WATERFRONT MARKET STATISTICS

Lake Washington Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

61

117

16.30%

35

2017

53.5

126

19.17%

42.5

2018

45.5

108

19.41%

15


Lake Washington Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$3,372,500

$3,220,000

94.24%

$770

2017

$3,319,000

$3,034,000

94.82%

$819

2018

$3,743,000

$3,412,500

98.05%

$875


Lake Washington Financing and Waterfront Type

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LAKE SAMMAMISH WATERFRONT MARKET STATISTICS

Lake Sammamish Waterfront Market Statistic

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

8.5

29

31.81%

17

2017

8.5

37

35.23%

21

2018

12

26

18.24%

30.5


Lake Sammamish Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$2,555,000

$2,477,500

97%

$701

2017

$2,788,000

$2,575,000

97.17%

$725

2018

$3,198,750

$3,125,000

96.37%

$807


Lake Sammamish Financing and Waterfront Type

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LAKE TAPPS WATERFRONT MARKET STATISTICS

Lake Tapps Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

27.5

80

24.15%

45

2017

17.5

80

32.85%

35

2018

18

75

33.48%

20


Lake Tapps Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$799,950

$760,000

96.16%

$244

2017

$799,888

$765,900

95.05%

$268

2018

$935,000

$900,000

96.46%

$274


Lake Tapps Financing and Waterfront Type

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LAKE CHELAN WATERFRONT MARKET STATISTICS

Lake Chelan Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

21

41

19.75%

70.5

2017

14.5

28

17.04%

94

2018

21.5

35

16.05%

49


Lake Chelan Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$935,000

$877,500

93.23%

$425

2017

$1,099,000

$1,022,500

92.23%

$434

2018

$1,150,000

$950,000

95.83%

$561


Lake Chelan Financing and Waterfront Type

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LAKE UNION WATERFRONT MARKET STATISTICS

Lake Union Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

7

36

45.91%

28

2017

6

29

57.45%

13

2018

16.5

31

16.86%

17.5


Lake Union Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$775,000

$688,000

98.85%

$732

2017

$599,000

$570,000

96.95%

$843

2018

$737,500

$755,000

98.02%

$895


Lake Union Financing and Waterfront Type

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LAKE WHATCOM WATERFRONT MARKET STATISTICS

Lake Whatcom Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

15

27

16.78%

58

2017

8

23

33.92%

42

2018

9

29

27.22%

22


Lake Whatcom Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$875,000

$849,999

96.76%

$278

2017

$1,075,000

$950,000

96.67%

$405

2018

$959,000

$950,000

96.57%

$367


Lake Whatcom Financing and Waterfront Type

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LAKE STEILACOOM WATERFRONT MARKET STATISTICS

Lake Steilacoom Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

6.5

11

14.52%

23

2017

5

14

46.11%

29.5

2018

5

16

31.39%

65.5


Lake Steilacoom Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$795,000

$740,000

95.98%

$203

2017

$744,500

$704,550

94.12%

$195

2018

$1,025,000

$902,500

91.14%

$288


Lake Steilacoom Financing and Waterfront Type

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LAKE STEVENS WATERFRONT MARKET STATISTICS

Lake Stevens Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

4

20

76.65%

41

2017

5

18

49.03%

29

2018

5

12

37.74%

38


Lake Stevens Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$850,000

$802,000

93.16%

$303

2017

$899,950

$900,000

93.76%

$349

2018

$900,000

$925,000

95.37%

$338


Lake Stevens Financing and Waterfront Type

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AMERICAN LAKE WATERFRONT MARKET STATISTICS

American Lake Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

9.5

8

7.78%

187

2017

5.5

10

18.83%

77

2018

3

8

30.56%

271


American Lake Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$1,135,000

$1,085,000

95.59%

$222

2017

$799,500

$759,519

94.29%

$266

2018

$1,381,500

$1,019,000

89.24%

$265


American Lake Financing and Waterfront Type

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GRAVELLY LAKE WATERFRONT MARKET STATISTICS

Gravelly Lake Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

3

4

8.61%

26.5

2017

3.5

5

12.50%

164

2018

2

7

38.89%

76.5


Gravelly Lake Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$940,000

$861,250

99.16%

$283

2017

$1,325,000

$1,2750,000

86.02%

$271

2018

$1,387,500

$1,235,000

98.54%

$219


Gravelly Lake Financing and Waterfront Type

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MASON LAKE WATERFRONT MARKET STATISTICS

Mason Lake Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

3

17

44.31%

39

2017

2

11

63.89%

14

2018

3

16

67.21%

18


Mason Lake Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$397,500

$387,250

93.78%

$278

2017

$550,000

$575,000

100.85%

$319

2018

$575,000

$550,000

97.64%

$364


Mason Lake Financing and Waterfront Type

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Washington State Island Waterfront Real Estate Markets

ISLAND WATERFRONT REAL ESTATE STATISTICS

There is almost an uncountable number of islands throughout the Puget Sound and Salish Sea. We’ve focused on 13 islands with 2018 single-family waterfront transaction volume of $3M of more. Across the islands we analyzed, the average transaction volume fell -5.63%. The island with the greatest 2018 waterfront volume, Mercer Island, fell -9.91% (-$15M), which represents approximately five home sales at the average waterfront selling price of $3.18M.

Bainbridge Island transaction volume fell -1.7% ($131M from $133.2M), which is nearly in line with Kitsap County as a whole which saw 1.63% volume growth. Bainbridge Island’s average selling price of $1.4M was very slightly less than the year prior of $1.47M.

On the other side of the spectrum, Harstine Island realized 21.37% volume growth, which exceeded and contributed to Mason County’s average growth of 18.83%.

Washington State Island Waterfront Real Estate Statistics


ISLANDS TABLE OF CONTENTS

  1. Mercer Island
  2. Bainbridge Island
  3. Whidbey Island
  4. Camano Island
  5. Orcas Island
  6. Vashon Island
  7. San Juan Island
  8. Fox Island
  9. Lopez Island
  10. Harstine Island
  11. Lummi Island
  12. Marrowstone Island
  13. Anderson Island


MERCER ISLAND WATERFRONT MARKET STATISTICS

Mercer Island Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

22

29

12.44%

85

2017

19

37

16.72%

41

2018

15.5

33

17.86%

15


Mercer Island Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$3,495,000

$3,431,000

93.72%

$825

2017

$3,790,000

$3,576,000

96.69%

$794

2018

$3,380,000

$3,180,000

97.76%

$816


Mercer Island Financing and Waterfront Type

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BAINBRIDGE ISLAND WATERFRONT MARKET STATISTICS

Bainbridge Island Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

27

69

18.76%

28.5

2017

19

84

36.46%

32.5

2018

17.5

81

45.62%

15.5


Bainbridge Island Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$1,292,000

$1,220,000

95.55%

$412

2017

$1,529,500

$1,467,500

96.18%

$517

2018

$1,547,500

$1,400,000

97.92%

$560


Bainbridge Island Financing and Waterfront Type

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WHIDBEY ISLAND WATERFRONT MARKET STATISTICS

Whidbey Island Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

72

121

14.43%

53

2017

61

150

21.29%

68

2018

40.5

121

25.34%

21


Whidbey Island Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$698,880

$650,000

96.03%

$311

2017

$710,000

$674,000

95.05%

$322

2018

$720,000

$725,000

98.35%

$356


Whidbey Island Financing and Waterfront Type

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CAMANO ISLAND WATERFRONT MARKET STATISTICS

Camano Island Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

36.5

84

19.17%

62

2017

23.5

95

30.93%

28.5

2018

22

76

29.79%

27


Camano Island Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$562,000

$518,000

96.78%

$298

2017

$632,450

$642,950

96.17%

$301

2018

$677,000

$647,500

96.49%

$360


Camano Island Financing and Waterfront Type

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ORCAS ISLAND WATERFRONT MARKET STATISTICS

Orcas Island Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

31.5

24

6.51%

192

2017

25

21

7.34%

154

2018

27

21

6.59%

97


Orcas Island Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$1,095,000

$948,750

86.30%

$352

2017

$1,225,000

$962,500

92.11%

$470

2018

$1,547,500

$1,625,000

91.34%

$555


Orcas Island Financing and Waterfront Type

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VASHON ISLAND WATERFRONT MARKET STATISTICS

Vashon Island Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

19.5

58

26.55%

17.5

2017

15.5

52

28.93%

18

2018

12.5

43

29.94%

19


Vashon Island Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$587,000

$567,500

98.07%

$370

2017

$795,000

$753,000

97.72%

$427

2018

$840,000

$849,000

98.94%

$466


Vashon Island Financing and Waterfront Type

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SAN JUAN ISLAND WATERFRONT MARKET STATISTICS

San Juan Island Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

41.5

37

7.53%

182

2017

36

43

10.32%

146.5

2018

33

28

7.11%

144


San Juan Island Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$972,500

$892,000

90.87%

$485

2017

$1,094,500

$950,000

93.50%

$434

2018

$1,247,500

$1,130,000

92.78%

$444


San Juan Island Financing and Waterfront Type

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FOX ISLAND WATERFRONT MARKET STATISTICS

Fox Island Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

13

20

13.54%

29

2017

10.5

30

27.45%

73

2018

9

24

26.59%

52.5


Fox Island Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$859,000

$808,927

94.93%

$308

2017

$958,000

$920,000

94.05%

$316

2018

$1,100,000

$942,500

93.72%

$334


Fox Island Financing and Waterfront Type

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LOPEZ ISLAND WATERFRONT MARKET STATISTICS

Lopez Island Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

25.5

18

6.11%

266.5

2017

20

19

7.95%

71

2018

9.5

22

18.37%

158


Lopez Island Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$625,000

$552,000

90.07%

$337

2017

$649,000

$585,000

90.76%

$344

2018

$795,000

$749,000

93.13%

$391


Lopez Island Financing and Waterfront Type

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HARSTINE ISLAND WATERFRONT MARKET STATISTICS

Harstine Island Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

8

12

25.50%

51.5

2017

6

15

28.24%

89.5

2018

3.5

15

82.88%

29


Harstine Island Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$385,000

$358,500

96.23%

$202

2017

$394,200

$377,500

96.96%

$214

2018

$450,000

$444,000

97.56%

$278


Harstine Island Financing and Waterfront Type

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LUMMI ISLAND COUNTY WATERFRONT MARKET STATISTICS

Lummi Island Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

8.5

11

11.97%

157

2017

6

12

18.65%

60

2018

7

10

15.70%

93.5


Lummi Island Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$499,000

$435,000

89.12%

$252

2017

$529,000

$502,500

94.74%

$276

2018

$544,900

$500,000

95.27%

$299


Lummi Island Financing and Waterfront Type

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MARROWSTONE ISLAND WATERFRONT MARKET STATISTICS

Marrowstone Island Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

4

6

13.75%

40

2017

2

17

77.78%

45

2018

2

6

26.39%

13


Marrowstone Island Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$674,900

$640,000

98.44%

$295

2017

$647,000

$605,000

95.19%

$319

2018

$600,000

$600,000

100%

$304


Marrowstone Island Financing and Waterfront Type

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ANDERSON ISLAND WATERFRONT MARKET STATISTICS

Anderson Island Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

6

11

14.25%

120

2017

5.5

13

25.93%

39

2018

3.5

8

27.03%

57


Anderson Island Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$429,900

$380,000

92.31%

$173

2017

$395,000

$375,000

96.46%

$208

2018

$427,000

$432,000

94.73%

$220


Anderson Island Financing and Waterfront Type

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Washington Coast Waterfront Real Estate Markets

WASHINGTON COAST WATERFRONT REAL ESTATE STATISTICS

The Washington coast features one of the most diverse coastal environments in the United States. Starting from the Northwestern tip of the Olympic Peninsula, the Northern Washington Coast is extremely rugged and, in fact, most of it is rain forest and/or Native American reservations. Due to the challenging topography and preserved lands, the Northern Washington Coast is dotted with a few small beach towns.

From just north of Ocean Shores to the Southwestern border of Washington State, the topography is very flat, which allowed for more real estate development on the Ocean Shores Peninsula and the Long Beach Peninsula. Accordingly, our analysis has focused on the three largest markets: Ocean Shores, Long Beach, and Ocean Park.

Ocean Shores, one of Washington State’s most familiar coastal destinations, saw 7.82% waterfront transaction volume growth, which is in line with Grays Harbor County at 7.99%. Long Beach and Ocean Park sales volume fell -41.76% and -25.57% respectively.

Washington Coast Waterfront Real Estate Statistics


COAST TABLE OF CONTENTS

  1. Ocean Shores
  2. Ocean Park
  3. Long Beach


OCEAN SHORES WATERFRONT MARKET STATISTICS

Ocean Shores Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

59.5

103

13.65%

75

2017

50.5

137

22.50%

83

2018

37.5

134

29.68%

56


Ocean Shores Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$255,000

$249,500

95.72%

$157

2017

$278,000

$265,000

96.62%

$161

2018

$299,000

$284,900

97.73%

$187


Ocean Shores Financing and Waterfront Type

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OCEAN PARK WATERFRONT MARKET STATISTICS

Ocean Park Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

24

39

14.07%

74

2017

15

44

22.34%

106

2018

21.5

27

11.82%

44


Ocean Park Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$292,000

$261,500

95.11%

$152

2017

$299,000

$285,000

95.35%

$162

2018

$269,900

$266,500

97.98%

$179


Ocean Park Financing and Waterfront Type

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LONG BEACH WATERFRONT MARKET STATISTICS

Long Beach Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

7.5

10

11.45%

90

2017

7.5

15

24.31%

134

2018

10

15

11.97%

47


Long Beach Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$299,000

$299,000

94.92%

$179

2017

$574,000

$475,000

94.38%

$176

2018

$422,500

$400,000

95.28%

$208


Long Beach Financing and Waterfront Type

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Northwest Washington Waterfront Real Estate Markets

NORTHWEST WATERFRONT REAL ESTATE STATISTICS

Dotted with eclectic waterfront communities along lakes, rivers, bays, and island shores, Northwest Washington is comprised of Skagit County and Whatcom County between the Cascade Mountains to the east and the Salish Sea to the west. The largest market in the Northwest Washington region, Bellingham, saw 45.34% ($56.8M from $39M) waterfront transaction volume growth, which far exceeds the greater Whatcom County growth rate of 5.73%.

Anacortes, the second largest market in the Northwest Washington region, grew 18.95% ($31.7M from $26.6M), and was a major contributor to Skagit County’s growth of 11.02%. Anacortes is considered the gateway to the San Juan Islands as it hosts the Washington State Ferries terminal that serves Lopez Island, San Juan Island, Orcas Island, and Shaw Island (as well as Victoria, British Columbia on Vancouver Island). Prospective Anacortes waterfront real estate buyers will find a city that’s surrounded by spectacular nature, boasting 12 miles of shoreline and nearly 70 miles of public trails.

Northwest Washington Waterfront Real Estate Statistics


NORTHWEST TABLE OF CONTENTS

  1. Bellingham
  2. Anacortes
  3. Blaine
  4. La Conner
  5. Ferndale


BELLINGHAM WATERFRONT MARKET STATISTICS

Bellingham Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

29.5

61

19%

38

2017

19.5

53

21.34%

32

2018

19

67

28.96%

23


Bellingham Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$637,500

$634,500

95.12%

$234

2017

$700,000

$700,000

97.02%

$268

2018

$748,750

$702,000

98.07%

$340


Bellingham Financing and Waterfront Type

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ANACORTES WATERFRONT MARKET STATISTICS

Anacortes Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

22.5

34

12.04%

103.5

2017

24.5

34

11.53%

80

2018

24

31

11.14%

93


Anacortes Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$772,500

$722,500

96.29%

$294

2017

$796,500

$775,000

92.01%

$338

2018

$895,000

$895,000

95.60%

$385


Anacortes Financing and Waterfront Type

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BLAINE WATERFRONT MARKET STATISTICS

Blaine Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

22

25

10.06%

72.5

2017

19.5

29

12.94%

38

2018

18

26

11.15%

110


Blaine Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$532,000

$507,250

95.76%

$261

2017

$594,275

$589,625

94.65%

$277

2018

$688,500

$632,500

94.22%

$243


Blaine Financing and Waterfront Type

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LA CONNER WATERFRONT MARKET STATISTICS

La Conner Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

8

19

19.69%

66.5

2017

11.5

19

17.88%

26

2018

8.5

26

32.12%

110


La Conner Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$392,000

$347,500

93.63%

$200

2017

$549,900

$480,000

98.57%

$294

2018

$529,000

$499,000

94.78%

$244


La Conner Financing and Waterfront Type

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FERNDALE WATERFRONT MARKET STATISTICS

Ferndale Waterfront Market Statistics

Median Monthly
Inventory

Annual # of Sold
Properties

Annual Total
Sales Ratio

Annual Median
DOM

2016

12.5

19

15.05%

59.5

2017

7

23

29.60%

43

2018

7.5

15

20.86%

10


Ferndale Waterfront Inventory


Annual Median
Original List Price (LP)

Annual Median
Sold Price (SP)

Annual Median
SP/LP Ratio

Annual Median
Price per Sq. Ft.

2016

$527,375

$499,500

98.78%

$224

2017

$450,000

$425,330

95.48%

$241

2018

$525,000

$500,000

98.77%

$270


Ferndale Financing and Waterfront Type

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DISCLAIMERS

© 2019 Waterfront Choices LLC. All rights reserved. WashingtonWaterfronts.com and the WashingtonWaterfronts.com logo are registered service marks owned by Waterfront Choices LLC. Coldwell Banker®, the Coldwell Banker Logo, Coldwell Banker Global Luxury®, and the Coldwell Banker Global Luxury Logo are registered service marks owned by Coldwell Banker Real Estate LLC in the United States and by Coldwell Banker LLC outside the United States. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated.

The statistical information showcased through The Waterfront Report is based on data supplied by the NWMLS. Neither the association nor its MLS is any way responsible for its accuracy. Data maintained by the association or their MLS may not reflect all the real estate activities in the market. If information has been filtered, the report/graph does not represent data in its entirety. Data may not include private sales, or sales that may have transacted through multiple listing services other than the Northwest Multiple Listing Service, as these transactions are not always reported.

Waterfront Choices LLC publishes the Waterfront Report on an annual basis to measure market conditions for waterfront real estate in Western Washington State and is prepared using statistical representation of the Median Price for each of the markets represented in its report.

The data for this report is based on closed and recorded sides of homes sold during 2018. Closed sales reported significantly later than this analysis period will not be included. All active status listing records were downloaded and processed to the same standards, at the end of each calendar month, from January 2018 through December 2018. Property-specific active and sales records were standardized, inaccurate list and sale prices were corrected when necessary, and all duplicate records were manually excluded. As a result, statistics available via the source data providers may not correlate to this analysis. In some cases, transaction data may not have been sufficient to draw significant conclusions, however we felt it was still valuable to provide the limited data available as a snapshot of the individual market’s activity over the last three years.

Although we believe that high standards have been used in the preparation of the information, analysis and views presented, we take no responsibility or liability whatsoever for the contents. As not all private real estate activity is actively reported within its primary marketplaces, it is believed that not all property transfer data is included in this analysis. All the information is provided “as is,” and we make no express, implied, statutory, or other warranty of any kind or guarantee as to the accuracy, timeliness, completeness, efficacy, merchantability, and fitness for any particular purpose of any of the contents.

This data is considered to be reliable but is not guaranteed, either by Waterfront Choices LLC, The Northwest Multiple Listing Service, Coldwell Banker Real Estate, LLC, Coldwell Banker Independent Sales Associates, Brokers, Brokerages, or Affiliates. The information provided in this report is not a recommendation to buy or sell real estate, and when evaluating a particular property, it is recommended that specific comparable sales data is used in addition to this market trend information.

As far as applicable laws allow, we do not accept responsibility for errors, inaccuracies or omissions, nor for loss or damage that may result directly or indirectly from reliance on or use of its contents. Instead, it is recommended that all homeowners work directly with a licensed real estate agent or broker.

Data is calculated monthly to attain the most accurate set of information pertaining to parameters, as seen throughout this report, such as closed sales, active listings, sold prices, sold-price-to-list-price percentages, days on market, and sales ratios. Data is then represented both monthly and yearly throughout the report, using medians, averages, totals, percentages, and ratios. However, unless otherwise specified, statistics typically presented in this report represent both the monthly median and the median of monthly medians of the respective data.

The median was calculated by arranging the data in ascending order from smallest to largest and selecting the middle number of the set, whether that number be a price, volume, number, percentage, or ratio. To determine the median of the monthly median, monthly medians are totaled and the same method applied as for the monthly figure.

Unless otherwise specified, all statistics are based on property sold. Inventory statistics are based on property available at the end of each month. Average Monthly Inventory and Average Monthly Sold statistics are based on the average of monthly property totals for each month. Sales Ratio is based on the ratio of Average Monthly Sold to Average Monthly Inventory.

ALPHABETICAL COMMUNITY INDEX

  1. American Lake
  2. Anacortes
  3. Anderson Island
  4. Bainbridge Island
  5. Belfair
  6. Bellevue
  7. Bellingham
  8. Blaine
  9. Bremerton
  10. Brinnon
  11. Camano Island
  12. Chelan County
  13. Clallam County
  14. Coast Region
  15. Counties Section
  16. Cowlitz County
  17. Federal Way
  18. Ferndale
  19. Fox Island
  20. Gig Harbor
  21. Gravelly Lake
  22. Grays Harbor County
  23. Hansville
  24. Harstine Island
  25. Hood Canal Region
  26. Hoodsport
  27. Island County
  28. Islands Section
  29. Blaine
  30. Jefferson County
  31. King County
  32. Kingston
  33. Kirkland
  34. Kitsap
  35. La Conner
  36. Lake Chelan
  37. Lake Sammamish
  38. Lake Steilacoom
  39. Lake Stevens
  40. Lake Tapps
  41. Lake Union
  42. Lake Washington
  43. Lake Whatcom
  44. Lakes Section
  45. Lakewood
  46. Lewis County
  47. Lilliwaup
  48. Long Beach
  49. Lopez Island
  50. Lummi Island
  51. Marrowstone Island
  52. Mason County
  53. Mason Lake
  54. Mercer Island
  55. Nortwest Region
  56. Ocean Park
  57. Ocean Shores
  58. Olympia
  59. Orcas Island
  60. Pacific County
  61. Pierce County
  62. Port Ludlow
  63. Port Orchard
  64. Poulsbo
  65. Puget Sound
  66. Sammamish
  67. San Juan County
  68. San Juan Island
  69. Seabeck
  70. Seattle
  71. Shelton
  72. Skagit
  73. Snohomish
  74. Tacoma
  75. Thurston County
  76. Union
  77. Vashon Island
  78. Wahkiakum County
  79. Whatcom County
  80. Whidbey Island

2018 Waterfront Report Conclusion