10 Reasons this Market is Different
1. HOME EQUITY. Between 30-38% of US homeowners own their homes outright. Their percentage of equity has grown too: Over the past 2 years, Americans who own their homes have gained more than $6 trillion in housing wealth alone! Banking regulations ...
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Posted by Chris Murphy on June 2, 2022 in Waterfront Market Update
Market Update Webinar with Kyle Rohrbaugh
Thank you to everyone who joined us for a data-backed conversation on some surprising trends in real estate and mortgage lending. As the real estate market shifts and inflation rages there can be effective measures to consider.
In the recording ...
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Posted by Chris Murphy on April 6, 2022 in Waterfront Market Update
Waterfront Market Update - December 13, 2021
The Washington State Waterfront Real Estate Market has been very active over the last two months. In this blog post, we look at the data through the end of November and look forward with our prediction for what the waterfront market will do in 2022....
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Posted by Puget Sound Specialist on December 13, 2021 in Waterfront Market Update
Financing Trends for Waterfront Single-Family Homes on Mercer Island
King County’s Mercer Island, located in the southern portion of Lake Washington, is a prime real estate location. Situated inside the Seattle metropolitan area, Mercer Island is easily accessed from both Seattle and Bellevue. The annual median ...
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Posted by Chris Murphy on November 16, 2021 in Waterfront Market Update
Financing Trends for Waterfront Single-Family Homes on Lake Washington
King County’s Lake Washington is home to some of the most sought-after waterfront real estate in the country. As waterfront home inventory has declined over the past five years along Lake Washington, sale prices have skyrocketed. From 2016 to ...
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Posted by Puget Sound Specialist on November 4, 2021 in Waterfront Market Update
What's Hot in Waterfront Property for Kitsap County, WA
Kitsap County, WA, is a beautiful area with stunning coastal views that includes the Kitsap Peninsula, as well as Bainbridge Island and Blake Island. Throughout Western Washington State, waterfront houses are in short supply with rising prices. ...
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Posted by Chris Murphy on November 4, 2021 in Waterfront Market Update
Single Family Residence Trends in Washington State Waterfront Property: Predictions for the Rest of 2021 and Beyond
The United States’ housing market has seen a remarkable recovery since the 2008 recession. So much so, that across the country, the median sales price for houses sold has been increasing steadily and is at an all-time high thanks to ...
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Posted by Chris Murphy on October 26, 2021 in Waterfront Market Update
Waterfront Market Update - October 14, 2021
The single family waterfront real estate market has begun its seasonal decline for 2021. As illustrated in the chart below, the number of actively listed single family homes peaked in July of this year and stepped down slightly in the two months ...
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Posted by Chris Murphy on October 14, 2021 in Waterfront Market Update
What's Hot in Waterfront Property for Thurston County, WA
Homes on the water in Thurston County, WA, have experienced a substantial increase in home sale prices over the last half-decade. So much so, that the median sold price for waterfront property in the county increased 34.26% from 2016 to 2020. If ...
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Posted by Chris Murphy on September 30, 2021 in Waterfront Market Update
What's Hot in Waterfront Property for King County, WA
What's Hot in Waterfront Property for King County, WA
Waterfront property for sale in King County rarely stays on the market for long. From 2016 through the first quarter of 2021, King County waterfront properties that sold were on the market an ...
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Posted by Chris Murphy on September 22, 2021 in Waterfront Market Update
What A Tight Waterfront Housing Market Means for Sellers
A Tight Waterfront Housing Market Gets Tighter: What it Means for Sellers
It’s a seller’s market for premium waterfront property in Washington State, but how long will the good times last for waterfront home sellers?
If we base our ...
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Posted by Chris Murphy on September 16, 2021 in Selling Your Waterfront Home
Financing Trends for Waterfront Homes on Puget Sound
Financing Trends for Waterfront Single Family Homes on Puget Sound
Slightly more than 57% of Puget Sound waterfront homes for sale were sold to cash buyers in Q1, 2021. In larger cities like Seattle and Bellevue, the number is even higher — ...
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Posted by Chris Murphy on September 9, 2021 in Buying a Waterfront Home
What A Tight Waterfront Housing Market Means for Buyers
A Tight Waterfront Housing Market Gets Tighter: What it Means for Buyers
Nationwide, the real estate market is in an unprecedented territory — that’s especially true for waterfront properties for sale in Washington State.
The ...
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Posted by Chris Murphy on September 2, 2021 in Buying a Waterfront Home
Should You Pay Above the Appraised Value of a House
In today’s highly competitive housing market with scarce supply, buyers around the country are finding that the only way to win a bid on a house is to go all out, often paying well above the home’s appraised value.
On the surface, this ...
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Posted by Chris Murphy on September 2, 2021 in Buying a Waterfront Home
FEMA Flood Insurance Changes 2021
Starting October 1, 2021, FEMA, The Federal Emergency Management Agency of the US Department of Homeland Security, is making its first substantial change to flood insurance policies since its inception in 1978.
Right now, homeowners are required to ...
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Posted by Chris Murphy on August 18, 2021 in Waterfront News
Waterfront Market Update - August 4, 2021
Greater Puget Sound waterfront real estate market continues to be a hot commodity as we move into August and summer is in full swing! We keep an eye on several data points that we feel are pertinent to understanding the waterfront market and how to ...
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Posted by Chris Murphy on August 4, 2021 in Waterfront Market Update
2020 Waterfront Market in Review
The waterfront real estate market in the greater Puget Sound experienced an extraordinary year in 2020. The first quarter gave us a hint of the competitive landscape that was forthcoming, but the demand for waterfront properties as a result of ...
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Posted by Chris Murphy on February 12, 2021 in Waterfront Market Update
Wrangell Alaska Rustic Lodge For Sale
About The Property in Wrangell, Alaska
This Southeast Alaska property is located approximately 750 air miles north of Seattle Washington, which is about the same distance San Francisco is south of Seattle. It is about 2.5 hours flying time by daily ...
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Posted by Chris Murphy on November 3, 2020 in Featured Waterfront Properties
First Quarter 2020 Waterfront Report
At the end of every quarter, we conduct an analysis of waterfront single-family property sales. We are proud to contribute this analysis to Coldwell Banker Bain's quarterly market report and we hope you find this information valuable in your search ...
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Posted by Chris Murphy on April 22, 2020 in Waterfront Market Update
How We Are Working Through the COVID-19 Pandemic
We're Still Doing Real Estate, But Here's What We're Changing for Buyers and Sellers
We’ve made significant changes to how we conduct business because of the coronavirus — changes that are all about making our clients’ health ...
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Posted by Chris Murphy on March 31, 2020 in Waterfront Market Update