TABLE OF CONTENTS
- Why the Waterfront Report
- Chris & The Team
- About WashingtonWaterfronts.com
- About Coldwell Banker Bain Global Luxury
- Our Trusted Lending Partner
- The Waterfront Report Explained
- Report Glossary
- Waterfront Market Depth
- Counties
- Puget Sound
- Hood Canal
- Lakes
- Islands
- Coast
- Northwest
- Disclaimers
- Alphabetical Index
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
|
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 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.
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.
OUR TRUSTED LENDING PARTNER
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
2018 WATERFRONT TRANSACTION VOLUME
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.
COUNTY TABLE OF CONTENTS
- King
- Pierce
- Kitsap
- Island
- Snohomish
- Mason
- San Juan
- Whatcom
- Thurston
- Skagit
- Grays Harbor
- Chelan
- Jefferson
- Clallam
- Cowlitz
- Pacific
- Lewis
- Wahkiakum
KING COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
185.5 |
549 |
25.45% |
22 |
|
2017 |
155.5 |
529 |
28.42% |
26 |
|
2018 |
155 |
489 |
26.29% |
19 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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PIERCE COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
167 |
356 |
18.39% |
56 |
|
2017 |
139.5 |
394 |
23.25% |
36 |
|
2018 |
117 |
371 |
25.92% |
33 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$650,000 |
$580,000 |
95.38% |
$224 |
|
2017 |
$647,000 |
$610,000 |
96.36% |
$249 |
|
2018 |
$699,999 |
$675,000 |
96.30% |
$274 |
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KITSAP COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
118 |
301 |
21.56% |
47.5 |
|
2017 |
84.5 |
317 |
30.31% |
31.5 |
|
2018 |
64 |
284 |
36.45% |
20 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$650,000 |
$626,050 |
95.89% |
$268 |
|
2017 |
$699,975 |
$650,000 |
96.95% |
$299 |
|
2018 |
$800,000 |
$799,000 |
97.32% |
$348 |
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ISLAND COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
109 |
205 |
16.02% |
54 |
|
2017 |
84 |
245 |
23.85% |
61 |
|
2018 |
63 |
197 |
26.47% |
24 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$625,000 |
$595,000 |
96.40% |
$303 |
|
2017 |
$699,000 |
$659,250 |
95.88% |
$318 |
|
2018 |
$700,000 |
$675,000 |
97.78% |
$359 |
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SNOHOMISH COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
99 |
305 |
27.94% |
35 |
|
2017 |
70 |
317 |
37.75% |
23 |
|
2018 |
72.5 |
267 |
31.51% |
24 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$449,250 |
$417,050 |
96.84% |
$223 |
|
2017 |
$498,000 |
$485,000 |
97.82% |
$249 |
|
2018 |
$569,950 |
$550,000 |
97.52% |
$273 |
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MASON COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
107.5 |
251 |
18.72% |
49.5 |
|
2017 |
88.5 |
257 |
23.73% |
38 |
|
2018 |
70 |
274 |
32.98% |
24 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$360,000 |
$337,500 |
95.84% |
$194 |
|
2017 |
$399,000 |
$380,000 |
97.26% |
$224 |
|
2018 |
$449,000 |
$420,000 |
97.27% |
$246 |
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SAN JUAN COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
126 |
87 |
5.96% |
219.5 |
|
2017 |
99.5 |
94 |
7.75% |
163.5 |
|
2018 |
96.5 |
80 |
7.10% |
144 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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WHATCOM COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
97 |
155 |
14.15% |
73.5 |
|
2017 |
71.5 |
166 |
19.08% |
38 |
|
2018 |
68 |
151 |
18.63% |
26.5 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$547,450 |
$507,750 |
94.97% |
$217 |
|
2017 |
$575,000 |
$515,000 |
96.23% |
$251 |
|
2018 |
$617,450 |
$579,900 |
96.66% |
$280 |
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THURSTON COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
62 |
165 |
22.29% |
26 |
|
2017 |
47 |
164 |
28.88% |
27 |
|
2018 |
48.5 |
187 |
33.21% |
23 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$449,975 |
$438,750 |
96.27% |
$184 |
|
2017 |
$532,450 |
$507,500 |
97.86% |
$217 |
|
2018 |
$574,900 |
$550,000 |
96.57% |
$246 |
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SKAGIT COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
67.5 |
123 |
14.88% |
96 |
|
2017 |
60 |
116 |
16.47% |
56 |
|
2018 |
55.5 |
118 |
17.46% |
59 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$509,500 |
$490,000 |
94.78% |
$232 |
|
2017 |
$569,000 |
$535,000 |
95.96% |
$289 |
|
2018 |
$584,950 |
$558,000 |
95.80% |
$269 |
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GRAYS HARBOR COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
99 |
145 |
12.10% |
77 |
|
2017 |
80 |
181 |
18.14% |
90 |
|
2018 |
68.5 |
181 |
22.02% |
60 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$265,000 |
$250,000 |
95.65% |
$157 |
|
2017 |
$285,950 |
$269,900 |
95.98% |
$165 |
|
2018 |
$299,000 |
$286,700 |
96.49% |
$185 |
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CHELAN COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
31.5 |
59 |
15.16% |
48 |
|
2017 |
23.5 |
46 |
16.70% |
83.5 |
|
2018 |
33.5 |
51 |
14.40% |
50 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$849,500 |
$802,000 |
95.46% |
$400 |
|
2017 |
$834,500 |
$777,500 |
94.06% |
$355 |
|
2018 |
$965,000 |
$872,500 |
96.02% |
$457 |
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JEFFERSON COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
63 |
91 |
12.16% |
100 |
|
2017 |
42 |
112 |
20.64% |
82.5 |
|
2018 |
32.5 |
90 |
21.85% |
60 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$469,950 |
$440,000 |
95.82% |
$247 |
|
2017 |
$582,950 |
$551,800 |
95.69% |
$271 |
|
2018 |
$559,950 |
$569,568 |
97.15% |
$289 |
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CLALLAM COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
29 |
32 |
9.10% |
97 |
|
2017 |
32.5 |
62 |
16.29% |
40 |
|
2018 |
29.5 |
65 |
19.24% |
72 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$414,500 |
$405,000 |
93.26% |
$206 |
|
2017 |
$532,000 |
$500,000 |
95.71% |
$224 |
|
2018 |
$464,500 |
$429,450 |
94.12% |
$246 |
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COWLITZ COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
17 |
43 |
21.59% |
35 |
|
2017 |
12.5 |
58 |
36.01% |
45 |
|
2018 |
12.5 |
43 |
29.41% |
50 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$310,000 |
$285,000 |
95.45% |
$161 |
|
2017 |
$319,265 |
$303,650 |
98.44% |
$162 |
|
2018 |
$377,450 |
$339,950 |
95.30% |
$186 |
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PACIFIC COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
51 |
79 |
12.82% |
88 |
|
2017 |
45 |
81 |
15.03% |
142 |
|
2018 |
60.5 |
69 |
9.90% |
58.5 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$280,000 |
$260,000 |
94.34% |
$152 |
|
2017 |
$329,000 |
$305,000 |
94.38% |
$165 |
|
2018 |
$349,000 |
$314,000 |
95.30% |
$184 |
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LEWIS COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
33 |
48 |
12.02% |
66 |
|
2017 |
25 |
66 |
21.99% |
54 |
|
2018 |
18 |
46 |
22.11% |
89 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$330,000 |
$300,000 |
92.52% |
$149 |
|
2017 |
$299,900 |
$274,500 |
95.02% |
$168 |
|
2018 |
$344,900 |
$340,000 |
96.91% |
$187 |
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WAHKIAKUM COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
9 |
20 |
18.69% |
68 |
|
2017 |
13 |
16 |
13.22% |
13 |
|
2018 |
8 |
14 |
14.12% |
113 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$290,000 |
$270,000 |
92.86% |
$154 |
|
2017 |
$254,900 |
$254,900 |
96.27% |
$166 |
|
2018 |
$330,000 |
$304,000 |
91.30% |
$195 |
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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 TABLE OF CONTENTS
- Bellevue
- Seattle
- Gig Harbor
- Olympia
- Kirkland
- Sammamish
- Shelton
- Bremerton
- Lakewood
- Key Peninsula
- Poulsbo
- Port Orchard
- Kingston
- Federal Way
- Tacoma
BELLEVUE WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
11 |
30 |
23.42% |
35 |
|
2017 |
10.5 |
31 |
25.54% |
42.5 |
|
2018 |
13.5 |
32 |
20.09% |
52 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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SEATTLE WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
26.5 |
96 |
29.50% |
22 |
|
2017 |
29 |
86 |
24.79% |
18 |
|
2018 |
32.5 |
80 |
19.43% |
17 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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GIG HARBOR WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
42.5 |
91 |
18.11% |
56 |
|
2017 |
46 |
84 |
16.82% |
43 |
|
2018 |
39 |
96 |
21.46% |
56.5 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$740,000 |
$715,000 |
94.06% |
$271 |
|
2017 |
$869,000 |
$800,000 |
96.72% |
$278 |
|
2018 |
$837,500 |
$816,500 |
94.97% |
$347 |
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OLYMPIA WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
47.5 |
124 |
22.13% |
27 |
|
2017 |
38.5 |
114 |
24.38% |
28 |
|
2018 |
39 |
123 |
25.41% |
21 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$459,000 |
$444,500 |
96.28% |
$188 |
|
2017 |
$568,500 |
$552,000 |
97.84% |
$222 |
|
2018 |
$595,000 |
$586,000 |
96.66% |
$252 |
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KIRKLAND WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
8.5 |
19 |
18.44% |
29 |
|
2017 |
7.5 |
17 |
23.74% |
22 |
|
2018 |
3 |
15 |
44.03% |
4 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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SAMMAMISH WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
3.5 |
28 |
92.16% |
9.5 |
|
2017 |
4 |
27 |
64.33% |
13 |
|
2018 |
5 |
21 |
39.97% |
16 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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SHELTON WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
41.5 |
107 |
21.18% |
44.5 |
|
2017 |
33 |
92 |
22.88% |
41.5 |
|
2018 |
21.5 |
103 |
38.54% |
35 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$379,950 |
$354,500 |
96.37% |
$189 |
|
2017 |
$392,450 |
$365,000 |
97.45% |
$216 |
|
2018 |
$425,000 |
$400,000 |
96.80% |
$221 |
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BREMERTON WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
22 |
94 |
36.35% |
35.5 |
|
2017 |
14.5 |
72 |
38.45% |
31 |
|
2018 |
12.5 |
61 |
35.17% |
15 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$492,000 |
$462,500 |
97.94% |
$214 |
|
2017 |
$444,950 |
$427,500 |
96.48% |
$219 |
|
2018 |
$575,000 |
$573,000 |
97.71% |
$262 |
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LAKEWOOD WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
24.5 |
33 |
12.13% |
80 |
|
2017 |
15.5 |
41 |
24.11% |
42 |
|
2018 |
13 |
37 |
25.22% |
69 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$772,900 |
$729,000 |
95.98% |
$206 |
|
2017 |
$647,000 |
$637,500 |
96.24% |
$203 |
|
2018 |
$995,000 |
$975,000 |
91.37% |
$260 |
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KEY PENINSULA WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
26.5 |
51 |
16.35% |
53 |
|
2017 |
18.5 |
69 |
30.39% |
32.5 |
|
2018 |
14.5 |
56 |
31.71% |
18 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$499,500 |
$481,500 |
94.90% |
$209 |
|
2017 |
$455,000 |
$444,500 |
97.36% |
$247 |
|
2018 |
$497,500 |
$478,000 |
99.02% |
$271 |
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POULSBO WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
16 |
38 |
23.92% |
41.5 |
|
2017 |
12 |
45 |
32.34% |
24 |
|
2018 |
8 |
30 |
50.24% |
29 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$710,000 |
$695,000 |
95.85% |
$298 |
|
2017 |
$749,000 |
$729,000 |
97.08% |
$299 |
|
2018 |
$799,000 |
$850,000 |
99.28% |
$301 |
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PORT ORCHARD WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
17 |
38 |
21.55% |
100 |
|
2017 |
12.5 |
50 |
35.30% |
29.5 |
|
2018 |
10 |
39 |
31.38% |
27 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$469,000 |
$464,200 |
92.71% |
$215 |
|
2017 |
$512,000 |
$484,250 |
96.67% |
$196 |
|
2018 |
$549,999 |
$535,000 |
97.21% |
$266 |
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KINGSTON WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
14 |
26 |
19.67% |
73.5 |
|
2017 |
8 |
11 |
10.84% |
140.5 |
|
2018 |
3.5 |
25 |
55.74% |
12 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$652,450 |
$621,500 |
93.52% |
$281 |
|
2017 |
$792,000 |
$737,250 |
92.51% |
$292 |
|
2018 |
$735,000 |
$713,000 |
98.25% |
$370 |
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FEDERAL WAY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
7 |
18 |
20.04% |
14.5 |
|
2017 |
7 |
20 |
23.80% |
63 |
|
2018 |
5 |
18 |
52.02% |
47 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$549,975 |
$591,500 |
99.12% |
$271 |
|
2017 |
$644,500 |
$653,750 |
94.84% |
$243 |
|
2018 |
$614,500 |
$567,500 |
96.40% |
$253 |
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TACOMA WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
7.5 |
12 |
15.89% |
99 |
|
2017 |
7 |
14 |
17.97% |
71.5 |
|
2018 |
4.5 |
18 |
43.27% |
37 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$508,475 |
$441,350 |
91.41% |
$194 |
|
2017 |
$494,375 |
$469,876 |
97.10% |
$232 |
|
2018 |
$562,475 |
$537,500 |
95.93% |
$298 |
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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 REGION TABLE OF CONTENTS
BELFAIR WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
25.5 |
48 |
15.89% |
39 |
|
2017 |
18 |
51 |
23.73% |
43.5 |
|
2018 |
17 |
51 |
28.79% |
22 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$359,900 |
$346,500 |
96.00% |
$200 |
|
2017 |
$425,000 |
$406,470 |
97.17% |
$257 |
|
2018 |
$479,000 |
$465,000 |
95.56% |
$289 |
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PORT LUDLOW WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
24.5 |
33 |
10.99% |
119.5 |
|
2017 |
11.5 |
49 |
35.35% |
108 |
|
2018 |
9.5 |
32 |
28.16% |
43 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$467,500 |
$455,500 |
96.26% |
$260 |
|
2017 |
$580,000 |
$587,640 |
98.10% |
$277 |
|
2018 |
$599,900 |
$610,000 |
100% |
$298 |
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SEABECK WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
4 |
9 |
38.75% |
56 |
|
2017 |
5 |
14 |
25.86% |
13.5 |
|
2018 |
5.5 |
10 |
28.70% |
37.5 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$719,000 |
$680,000 |
93.25% |
$322 |
|
2017 |
$629,500 |
$635,000 |
97.96% |
$333 |
|
2018 |
$699,000 |
$625,000 |
94.95% |
$330 |
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HANSVILLE WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
8 |
12 |
12.84% |
130 |
|
2017 |
5 |
11 |
17.98% |
98 |
|
2018 |
4 |
10 |
26.39% |
43.5 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$625,000 |
$572,000 |
92.51% |
$282 |
|
2017 |
$750,000 |
$650,000 |
96.16% |
$273 |
|
2018 |
$762,500 |
$712,750 |
95.24% |
$339 |
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HOODSPORT WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
11 |
14 |
9.47% |
291 |
|
2017 |
12 |
28 |
24.07% |
58.5 |
|
2018 |
6.5 |
20 |
22.43% |
29.5 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$277,500 |
$190,000 |
88.82% |
$203 |
|
2017 |
$392,850 |
$362,500 |
95.28% |
$267 |
|
2018 |
$377,000 |
$382,500 |
96.38% |
$236 |
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UNION WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
4 |
11 |
30.56% |
20 |
|
2017 |
4 |
6 |
13.00% |
51 |
|
2018 |
4 |
8 |
22.27% |
75 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$395,000 |
$348,000 |
94.65% |
$199 |
|
2017 |
$475,000 |
$455,000 |
96.87% |
$235 |
|
2018 |
$579,450 |
$555,000 |
96.01% |
$230 |
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BRINNON WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
13.5 |
18 |
12.45% |
119 |
|
2017 |
10.5 |
23 |
17.67% |
113 |
|
2018 |
6 |
16 |
20.77% |
75 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$377,500 |
$361,750 |
95.14% |
$226 |
|
2017 |
$459,950 |
$425,000 |
92.29% |
$226 |
|
2018 |
$380,000 |
$372,000 |
96.97% |
$249 |
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LILLIWAUP WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
7 |
5 |
8.37% |
379 |
|
2017 |
5.5 |
7 |
13.49% |
168 |
|
2018 |
3 |
6 |
12.36% |
18 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$222,450 |
$213,000 |
90.62% |
$267 |
|
2017 |
$335,000 |
$305,000 |
91.04% |
$149 |
|
2018 |
$350,000 |
$347,500 |
95.42% |
$168 |
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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.”
LAKES TABLE OF CONTENTS
- Lake Washington
- Lake Sammamish
- Lake Tapps
- Lake Chelan
- Lake Union
- Lake Whatcom
- Lake Steilacoom
- Lake Stevens
- American Lake
- Gravelly Lake
- Mason Lake
LAKE WASHINGTON WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
61 |
117 |
16.30% |
35 |
|
2017 |
53.5 |
126 |
19.17% |
42.5 |
|
2018 |
45.5 |
108 |
19.41% |
15 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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LAKE SAMMAMISH WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
8.5 |
29 |
31.81% |
17 |
|
2017 |
8.5 |
37 |
35.23% |
21 |
|
2018 |
12 |
26 |
18.24% |
30.5 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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LAKE TAPPS WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
27.5 |
80 |
24.15% |
45 |
|
2017 |
17.5 |
80 |
32.85% |
35 |
|
2018 |
18 |
75 |
33.48% |
20 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$799,950 |
$760,000 |
96.16% |
$244 |
|
2017 |
$799,888 |
$765,900 |
95.05% |
$268 |
|
2018 |
$935,000 |
$900,000 |
96.46% |
$274 |
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LAKE CHELAN WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
21 |
41 |
19.75% |
70.5 |
|
2017 |
14.5 |
28 |
17.04% |
94 |
|
2018 |
21.5 |
35 |
16.05% |
49 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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LAKE UNION WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
7 |
36 |
45.91% |
28 |
|
2017 |
6 |
29 |
57.45% |
13 |
|
2018 |
16.5 |
31 |
16.86% |
17.5 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$775,000 |
$688,000 |
98.85% |
$732 |
|
2017 |
$599,000 |
$570,000 |
96.95% |
$843 |
|
2018 |
$737,500 |
$755,000 |
98.02% |
$895 |
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LAKE WHATCOM WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
15 |
27 |
16.78% |
58 |
|
2017 |
8 |
23 |
33.92% |
42 |
|
2018 |
9 |
29 |
27.22% |
22 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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LAKE STEILACOOM WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
6.5 |
11 |
14.52% |
23 |
|
2017 |
5 |
14 |
46.11% |
29.5 |
|
2018 |
5 |
16 |
31.39% |
65.5 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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LAKE STEVENS WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
4 |
20 |
76.65% |
41 |
|
2017 |
5 |
18 |
49.03% |
29 |
|
2018 |
5 |
12 |
37.74% |
38 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$850,000 |
$802,000 |
93.16% |
$303 |
|
2017 |
$899,950 |
$900,000 |
93.76% |
$349 |
|
2018 |
$900,000 |
$925,000 |
95.37% |
$338 |
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AMERICAN LAKE WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
9.5 |
8 |
7.78% |
187 |
|
2017 |
5.5 |
10 |
18.83% |
77 |
|
2018 |
3 |
8 |
30.56% |
271 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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GRAVELLY LAKE WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
3 |
4 |
8.61% |
26.5 |
|
2017 |
3.5 |
5 |
12.50% |
164 |
|
2018 |
2 |
7 |
38.89% |
76.5 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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MASON LAKE WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
3 |
17 |
44.31% |
39 |
|
2017 |
2 |
11 |
63.89% |
14 |
|
2018 |
3 |
16 |
67.21% |
18 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$397,500 |
$387,250 |
93.78% |
$278 |
|
2017 |
$550,000 |
$575,000 |
100.85% |
$319 |
|
2018 |
$575,000 |
$550,000 |
97.64% |
$364 |
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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%.
ISLANDS TABLE OF CONTENTS
- Mercer Island
- Bainbridge Island
- Whidbey Island
- Camano Island
- Orcas Island
- Vashon Island
- San Juan Island
- Fox Island
- Lopez Island
- Harstine Island
- Lummi Island
- Marrowstone Island
- Anderson Island
MERCER ISLAND WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
22 |
29 |
12.44% |
85 |
|
2017 |
19 |
37 |
16.72% |
41 |
|
2018 |
15.5 |
33 |
17.86% |
15 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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BAINBRIDGE ISLAND WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
27 |
69 |
18.76% |
28.5 |
|
2017 |
19 |
84 |
36.46% |
32.5 |
|
2018 |
17.5 |
81 |
45.62% |
15.5 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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WHIDBEY ISLAND WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
72 |
121 |
14.43% |
53 |
|
2017 |
61 |
150 |
21.29% |
68 |
|
2018 |
40.5 |
121 |
25.34% |
21 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$698,880 |
$650,000 |
96.03% |
$311 |
|
2017 |
$710,000 |
$674,000 |
95.05% |
$322 |
|
2018 |
$720,000 |
$725,000 |
98.35% |
$356 |
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CAMANO ISLAND WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
36.5 |
84 |
19.17% |
62 |
|
2017 |
23.5 |
95 |
30.93% |
28.5 |
|
2018 |
22 |
76 |
29.79% |
27 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$562,000 |
$518,000 |
96.78% |
$298 |
|
2017 |
$632,450 |
$642,950 |
96.17% |
$301 |
|
2018 |
$677,000 |
$647,500 |
96.49% |
$360 |
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ORCAS ISLAND WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
31.5 |
24 |
6.51% |
192 |
|
2017 |
25 |
21 |
7.34% |
154 |
|
2018 |
27 |
21 |
6.59% |
97 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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VASHON ISLAND WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
19.5 |
58 |
26.55% |
17.5 |
|
2017 |
15.5 |
52 |
28.93% |
18 |
|
2018 |
12.5 |
43 |
29.94% |
19 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$587,000 |
$567,500 |
98.07% |
$370 |
|
2017 |
$795,000 |
$753,000 |
97.72% |
$427 |
|
2018 |
$840,000 |
$849,000 |
98.94% |
$466 |
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SAN JUAN ISLAND WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
41.5 |
37 |
7.53% |
182 |
|
2017 |
36 |
43 |
10.32% |
146.5 |
|
2018 |
33 |
28 |
7.11% |
144 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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FOX ISLAND WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
13 |
20 |
13.54% |
29 |
|
2017 |
10.5 |
30 |
27.45% |
73 |
|
2018 |
9 |
24 |
26.59% |
52.5 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
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 |
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LOPEZ ISLAND WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
25.5 |
18 |
6.11% |
266.5 |
|
2017 |
20 |
19 |
7.95% |
71 |
|
2018 |
9.5 |
22 |
18.37% |
158 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$625,000 |
$552,000 |
90.07% |
$337 |
|
2017 |
$649,000 |
$585,000 |
90.76% |
$344 |
|
2018 |
$795,000 |
$749,000 |
93.13% |
$391 |
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HARSTINE ISLAND WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
8 |
12 |
25.50% |
51.5 |
|
2017 |
6 |
15 |
28.24% |
89.5 |
|
2018 |
3.5 |
15 |
82.88% |
29 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$385,000 |
$358,500 |
96.23% |
$202 |
|
2017 |
$394,200 |
$377,500 |
96.96% |
$214 |
|
2018 |
$450,000 |
$444,000 |
97.56% |
$278 |
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LUMMI ISLAND COUNTY WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
8.5 |
11 |
11.97% |
157 |
|
2017 |
6 |
12 |
18.65% |
60 |
|
2018 |
7 |
10 |
15.70% |
93.5 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$499,000 |
$435,000 |
89.12% |
$252 |
|
2017 |
$529,000 |
$502,500 |
94.74% |
$276 |
|
2018 |
$544,900 |
$500,000 |
95.27% |
$299 |
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MARROWSTONE ISLAND WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
4 |
6 |
13.75% |
40 |
|
2017 |
2 |
17 |
77.78% |
45 |
|
2018 |
2 |
6 |
26.39% |
13 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$674,900 |
$640,000 |
98.44% |
$295 |
|
2017 |
$647,000 |
$605,000 |
95.19% |
$319 |
|
2018 |
$600,000 |
$600,000 |
100% |
$304 |
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ANDERSON ISLAND WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
6 |
11 |
14.25% |
120 |
|
2017 |
5.5 |
13 |
25.93% |
39 |
|
2018 |
3.5 |
8 |
27.03% |
57 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$429,900 |
$380,000 |
92.31% |
$173 |
|
2017 |
$395,000 |
$375,000 |
96.46% |
$208 |
|
2018 |
$427,000 |
$432,000 |
94.73% |
$220 |
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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.
COAST TABLE OF CONTENTS
OCEAN SHORES WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
59.5 |
103 |
13.65% |
75 |
|
2017 |
50.5 |
137 |
22.50% |
83 |
|
2018 |
37.5 |
134 |
29.68% |
56 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$255,000 |
$249,500 |
95.72% |
$157 |
|
2017 |
$278,000 |
$265,000 |
96.62% |
$161 |
|
2018 |
$299,000 |
$284,900 |
97.73% |
$187 |
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OCEAN PARK WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
24 |
39 |
14.07% |
74 |
|
2017 |
15 |
44 |
22.34% |
106 |
|
2018 |
21.5 |
27 |
11.82% |
44 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$292,000 |
$261,500 |
95.11% |
$152 |
|
2017 |
$299,000 |
$285,000 |
95.35% |
$162 |
|
2018 |
$269,900 |
$266,500 |
97.98% |
$179 |
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LONG BEACH WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
7.5 |
10 |
11.45% |
90 |
|
2017 |
7.5 |
15 |
24.31% |
134 |
|
2018 |
10 |
15 |
11.97% |
47 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$299,000 |
$299,000 |
94.92% |
$179 |
|
2017 |
$574,000 |
$475,000 |
94.38% |
$176 |
|
2018 |
$422,500 |
$400,000 |
95.28% |
$208 |
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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 TABLE OF CONTENTS
BELLINGHAM WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
29.5 |
61 |
19% |
38 |
|
2017 |
19.5 |
53 |
21.34% |
32 |
|
2018 |
19 |
67 |
28.96% |
23 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$637,500 |
$634,500 |
95.12% |
$234 |
|
2017 |
$700,000 |
$700,000 |
97.02% |
$268 |
|
2018 |
$748,750 |
$702,000 |
98.07% |
$340 |
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ANACORTES WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
22.5 |
34 |
12.04% |
103.5 |
|
2017 |
24.5 |
34 |
11.53% |
80 |
|
2018 |
24 |
31 |
11.14% |
93 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$772,500 |
$722,500 |
96.29% |
$294 |
|
2017 |
$796,500 |
$775,000 |
92.01% |
$338 |
|
2018 |
$895,000 |
$895,000 |
95.60% |
$385 |
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BLAINE WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
22 |
25 |
10.06% |
72.5 |
|
2017 |
19.5 |
29 |
12.94% |
38 |
|
2018 |
18 |
26 |
11.15% |
110 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$532,000 |
$507,250 |
95.76% |
$261 |
|
2017 |
$594,275 |
$589,625 |
94.65% |
$277 |
|
2018 |
$688,500 |
$632,500 |
94.22% |
$243 |
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LA CONNER WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
8 |
19 |
19.69% |
66.5 |
|
2017 |
11.5 |
19 |
17.88% |
26 |
|
2018 |
8.5 |
26 |
32.12% |
110 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$392,000 |
$347,500 |
93.63% |
$200 |
|
2017 |
$549,900 |
$480,000 |
98.57% |
$294 |
|
2018 |
$529,000 |
$499,000 |
94.78% |
$244 |
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FERNDALE WATERFRONT MARKET STATISTICS
|
|
|
|
|
|
|
Median Monthly |
Annual # of Sold |
Annual Total |
Annual Median |
|
|
2016 |
12.5 |
19 |
15.05% |
59.5 |
|
2017 |
7 |
23 |
29.60% |
43 |
|
2018 |
7.5 |
15 |
20.86% |
10 |
|
|
|
|
|
|
|
Annual Median |
Annual Median |
Annual Median |
Annual Median |
|
|
2016 |
$527,375 |
$499,500 |
98.78% |
$224 |
|
2017 |
$450,000 |
$425,330 |
95.48% |
$241 |
|
2018 |
$525,000 |
$500,000 |
98.77% |
$270 |
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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
- American Lake
- Anacortes
- Anderson Island
- Bainbridge Island
- Belfair
- Bellevue
- Bellingham
- Blaine
- Bremerton
- Brinnon
- Camano Island
- Chelan County
- Clallam County
- Coast Region
- Counties Section
- Cowlitz County
- Federal Way
- Ferndale
- Fox Island
- Gig Harbor
- Gravelly Lake
- Grays Harbor County
- Hansville
- Harstine Island
- Hood Canal Region
- Hoodsport
- Island County
- Islands Section
- Blaine
- Jefferson County
- King County
- Kingston
- Kirkland
- Kitsap
- La Conner
- Lake Chelan
- Lake Sammamish
- Lake Steilacoom
- Lake Stevens
- Lake Tapps
- Lake Union
- Lake Washington
- Lake Whatcom
- Lakes Section
- Lakewood
- Lewis County
- Lilliwaup
- Long Beach
- Lopez Island
- Lummi Island
- Marrowstone Island
- Mason County
- Mason Lake
- Mercer Island
- Nortwest Region
- Ocean Park
- Ocean Shores
- Olympia
- Orcas Island
- Pacific County
- Pierce County
- Port Ludlow
- Port Orchard
- Poulsbo
- Puget Sound
- Sammamish
- San Juan County
- San Juan Island
- Seabeck
- Seattle
- Shelton
- Skagit
- Snohomish
- Tacoma
- Thurston County
- Union
- Vashon Island
- Wahkiakum County
- Whatcom County
- Whidbey Island
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