Table of Contents
Comprehensive Waterfront Property Knowledge
Welcome to the 2021 Waterfront Report, the most comprehensive guide to waterfront real estate market data and trends for waterfront property in Western Washington State.
Waterfront property is valuable. While broad market real estate data and its analysis exists, such data lacks the specificity we feel is necessary to evaluate the most valuable characteristics of waterfront property and waterfront communities. We created the Waterfront Report to isolate and acknowledge the valuable characteristics of waterfront property, specific to the communities in which the property is located. Using comprehensive waterfront real estate transaction data from the past six years, this report provides data-backed insights exclusive to waterfront property in Western Washington State, organized by community and region.
Gathering and analyzing current waterfront market data has greatly refined our understanding of what property attributes appeal to waterfront buyers and how they are funding their waterfront investments. We are proud to share the 2021 Waterfront Report with you to provide greater context and opportunity to make highly informed and nuanced decisions when evaluating at which price to sell or acquire waterfront property.
Please don’t hesitate to contact our Team to discuss the specific Washington State waterfront market in which you own property (or would like to). No two waterfront properties are the same and we would love to learn about your piece of the beautiful Washington State shoreline!
Chris Murphy
Chris and the Washington Waterfronts Team
Chris Murphy
Team Leader, REALTOR®, CLHMS™, RSPS
Chris Murphy is a highly-regarded waterfront property specialist, viewed by his clients and peers as having extensive market knowledge, a high level of integrity, and an inspiring work ethic.
Prior to representing waterfront home buyers and sellers full time, Chris managed the marketing for the Washington Coast luxury vacation rental resort, Seabrook, followed by the waterfront mixed-use resort inspired village, Point Ruston.
Building upon his experience at these two iconic waterfront communities, Chris applies the highest level of luxury real estate marketing to create the best possible experience for his clients.
Every member of the Washington Waterfronts Team is dedicated to providing exceptional client service.
We firmly believe that there is no substitute for a real estate professional with long-term intimate knowledge of the waterfront market. From community-specific nuances to broad market analysis informed by our own proprietary data, the Washington Waterfronts Team has the experience and insight to help you achieve your desired outcome.
What we offer our clients is quite simple:
- — We're going to achieve the goal we agreed to achieve together;
- — We're going to achieve this goal at the best possible terms for you; and
- — You're going to have a fantastic transactional experience.
Our proven marketing strategies and professionalism ensure you will get the best price for the sale of your property in the shortest possible time on the market. And, if you're buying waterfront, our experience representing clients throughout the challenging low inventory market will be instrumental in helping you secure the waterfront home of your dreams.
We're dedicated to being the best and working as hard as possible to ensure you're happy.
COMPASS is the largest independent real estate brokerage in the United States, serving 67 markets with over 300 offices, and over 25,000 agents. As both a brokerage of unparalleled agents and a tech company that has built a powerful and proprietary modern real estate platform, COMPASS streamlines the searching and selling experience. Additionally, COMPASS was #4 in the most recent Real Trends 500, which ranks brokerages by the total number of closed transactions. The company’s total sales volume in 2020 was over $151 billion, and according to Brokermetrics, COMPASS boasted the highest average listing price in Seattle in 2020 at $1.04 million.
Leaders in Luxury and Data
Since its launch in 2012, COMPASS has specialized in providing a full spectrum of services to buyers and sellers in the luxury market. The company’s proprietary real estate platform offers numerous other real estate-related technologies, including COMPASS Collections—a collaborative visual workspace for agents and their clients; COMPASS Insights—a dashboard containing key data points; COMPASS Markets—an app that provides agents with access to historical sales trends and recent transactions; and more. All these technologies, combined with the experience and knowledge of local agents like the Washington Waterfronts Team, ensure that buyers and sellers alike have access to the expertise and real-time data needed to leverage the market to their advantage.
A Truly Global Reach
COMPASS is a truly global company. With over 250 million annual website and social media impressions, as well as an annual count of over 1.4 million unique international users on compass.com, sellers in Western Washington state have access to a world of buyers looking for their next luxury home. COMPASS combines careful and curated presentation with artificial intelligence to funnel interested international affluent buyers from more than 60 countries to your listing.
A real estate company with a purpose.
Our mission is to help everyone find their place in the world.
COMPASS is building the first modern real estate platform, pairing the industry’s top talent with technology to make the search and sell experience intelligent and seamless.
165M+
Annual international buyers reached$150B+
2020 Sales volume60+
Countries your home syndicates to350+
Offices100+
International portals your home syndicates to19K+
AgentsOur Trusted Lending Partner
Kyle Rohrbaugh is one of the most well-respected and experienced mortgage professionals in Puget Sound. With more than 18 years of experience in mortgage lending, Kyle’s expertise in the Washington state mortgage space is unparalleled. An RPM Mortgage partner with access to RPM’s world-class mortgage platform, product selection, and competitive rates, Kyle is able to offer his clients incredible service and options. Adept at advising his clients in wealth creation, Kyle can also skillfully guide them through the loan process.
Kyle grew up in Gig Harbor, Washington, where he currently lives with his wife, Leah, and their four daughters. He holds an accounting degree from Pepperdine University, and closes over 300 loans annually — a feat that has earned him recognition as a top 1% loan originator in the U.S. He has also been named South Sound’s “Best Mortgage Lender” for 6 consecutive years.
When he is not structuring mortgages, Kyle enjoys spending time with his family, getting out on the water, or cheering on his Seattle sports teams.
How to Use the 2021 Waterfront Report
The Washington Waterfronts Team has analyzed a number of metrics from more than 30,000 closed waterfront transactions over a six 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 focus on waterfront single-family home transactions.
How to Use the Graphs
Graphs and charts form the central feature of The Washington Waterfronts 2021 Market Report. While some graphs and charts are static, many others are interactive so that readers can alter and compare the information they see, such as date range.
Waterfront Report Glossary
REAL BUYERS
These two words form the most important definition in the 2021 Waterfront Report. What is a Real Buyer? A Real Buyer is someone who successfully closes a waterfront purchase transaction. Beyond inventory statistics, the only numbers we consider and analyze in this waterfront market report are those that illustrate the actions of Real Buyers. What Real Buyers do, when it comes to financing, purchase price, time from listing to sale, etc. is the most valuable indicator of waterfront market demand. 2020’s annual average total sales ratio for the 18 counties included in this waterfront report was 48% — a historically high total sales ratio. Still, that means 52% of the waterfront homes on the market in 2020 did not sell. For all these reasons, we stay focused on Real Buyers.
MEDIAN MONTHLY INVENTORY
This is the total number of single-family homes on the water that are available at the close of a month.
ANNUAL TOTAL SALES RATIO
This is the annual average of monthly closed waterfront house transactions divided by the median monthly inventory. The Sales Ratio helps with defining market speed, while providing an illustration of whether the market favors buyers or sellers. Generally speaking, a Buyer’s Market has a Sales Ratio of up to 14%; a Balanced Market is between 15% and 20%; a Seller’s Market is 21% and higher.
ANNUAL MEDIAN DAYS ON MARKET (DOM)
The DOM is the median number of days a home has been listed before a homeowner accepts a purchase offer.
ANNUAL MEDIAN SP/LP RATIO
The SP/LP Ratio is the annual median Sold Price (SP) to Original List Price (LP) ratio for all closed waterfront home transactions within a defined location and year.
PRICE PER SQUARE FOOT
Tracked as the annual median price per square foot for a location and/or year, price per square foot is a home’s selling price divided by the home’s finished square feet.
MEDIAN Sold PRICE
The median sold price for waterfront homes in a particular area, city, county, and/or year.
MEDIAN ORIGINAL LIST PRICE
This is the median original price listed for waterfront houses in a given area, city, county, and/or year.
ANNUAL NUMBER OF PROPERTIES SOLD
This is the number of waterfront single-family residences sold in a given area, city, or county in a particular year.
Waterfront Market Depth
Annual Waterfront Transaction Volume
Single Family Residential & Condominiums
2021 Waterfront Inventory
If there is one story currently dominating the Washington waterfront housing market, it is the record-low inventory levels. In 2016, the average median monthly inventory among the 18 counties included in this report was just over 82. In 2021, the average median monthly inventory was 16.
As jarring a difference as those numbers reveal, the data shows that even as inventory levels have plummeted, the total number of homes sold each year has stayed largely consistent and total sales figures have dramatically risen.
Waterfront Transactional Volume and Number of Properties Sold
Median Sold Price and Annual Median Monthly Inventory
Waterfront Single Family Residential Financing, 2021
This waterfront market analysis will look closely at 18 Western Washington State counties. Organized by the highest transactional dollar volume to the lowest transactional dollar volume for single-family waterfront homes, this analysis will reveal details and trends specific to each county.
The county with the highest transactional dollar volume is King County, which has more than three times the volume of Pierce County, the county with the second highest volume. King County’s median sold price in 2021 was $1.52 million, a percent increase of 19.5% over the previous year’s median sold price and of 56% over 2016’s median sold price.
Despite the steep price tag of King County waterfront homes, the county’s total transaction volume has steadily grown, up 18.02% from 2020 to 2021. From 2016 to 2021, King County’s total transaction volume has risen from $816,303,868 to $1,554,662,124 — a growth of 47.49%. Other counties’ sales volumes have also increased. From 2016 to 2021, Pierce County and Kitsap County transaction volumes have grown 43.31% and 36.07% respectively. Thurston County’s total sales volume has grown 51.66% since 2016, and San Juan County sales volume has grown 55.62% since 2016.
At the same time, the number of waterfront homes on the market has gone down dramatically. In King County, waterfront housing inventory decreased by 43.36% from 2019 to 2020. It decreased further from 2020 to 2021 by 65.09%. All in all, available inventory in King County at the end of 2021 decreased almost 106% since 2016. In other counties, the numbers are even more stark. San Juan County’s inventory is down 145.21% since 2016. In Pierce and Kitsap Counties, there’s been a decrease of 132.34% and 149.63% between 2016 and 2021, respectively. Thurston County’s inventory has decreased by 130.67% over the same period.
In each of the 18 counties surveyed, the story is the same: Waterfront home prices and total sales are up. Inventory numbers are way down.
Single-Family Waterfront Sales Volume & Median Monthly Inventory by County
Single-Family Waterfront Sales Volume by County
Single-Family Waterfront Median Monthly Inventory by County
King County Waterfront Market Statistics
County Table of Contents
King County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 185.5 | 549 | 25.45% | 22 | 97.89% | $549 |
2017 | 155.5 | 529 | 28.42% | 26 | 97.56% | $617 |
2018 | 155 | 489 | 26.29% | 19 | 98.31% | $665 |
2019 | 174 | 490 | 24.24% | 23 | 97.18% | $695 |
2020 | 112 | 546 | 43.90% | 10 | 98.93% | $796 |
2021 | 57 | 565 | 86.94% | 7 | 100.01% | $977 |
King County Waterfront Characteristics
Pierce County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 167 | 356 | 18.39% | 56 | 95.38% | $276 |
2017 | 139.5 | 394 | 23.25% | 36 | 96.36% | $302 |
2018 | 117 | 371 | 25.92% | 33 | 96.30% | $323 |
2019 | 86 | 307 | 27.90% | 36 | 96.20% | $335 |
2020 | 60 | 362 | 57.56% | 14 | 98.81% | $389 |
2021 | 34 | 369 | 95.47% | 7 | 100.00% | $457 |
Pierce County Waterfront Characteristics
Kitsap County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 118 | 301 | 21.56% | 47.5 | 95.89% | $321 |
2017 | 84.5 | 317 | 30.31% | 31.5 | 96.95% | $352 |
2018 | 64 | 284 | 36.45% | 20 | 97.32% | $406 |
2019 | 68 | 231 | 26.91% | 29 | 97.06% | $381 |
2020 | 45 | 292 | 69.49% | 20 | 98.93% | $435 |
2021 | 17 | 259 | 133.63% | 7 | 101.33% | $552 |
Kitsap County Waterfront Characteristics
Island County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 109 | 205 | 16.02% | 54 | 96.40% | $370 |
2017 | 84 | 245 | 23.85% | 61 | 95.88% | $394 |
2018 | 63 | 197 | 26.47% | 24 | 97.78% | $408 |
2019 | 58 | 181 | 24.86% | 30 | 96.95% | $424 |
2020 | 32 | 199 | 67.92% | 12 | 98.79% | $490 |
2021 | 13 | 207 | 121.76% | 6 | 101.17% | $547 |
Island County Waterfront Characteristics
Snohomish County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 99 | 35 | 27.94% | 35 | 96.84% | $263 |
2017 | 70 | 317 | 37.75% | 23 | 97.82% | $279 |
2018 | 72.5 | 267 | 31.51% | 24 | 97.52% | $311 |
2019 | 59 | 264 | 39.67% | 23 | 98.54% | $335 |
2020 | 29 | 253 | 71.86% | 12 | 100.00% | $376 |
2021 | 27 | 296 | 107.16% | 7 | 101.68% | $485 |
Snohomish County Waterfront Characteristics
Mason County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 107.5 | 251 | 18.72% | 49.5 | 95.84% | $226 |
2017 | 88.5 | 257 | 23.73% | 38 | 97.26% | $242 |
2018 | 70 | 274 | 32.98% | 24 | 97.27% | $271 |
2019 | 62 | 229 | 30.10% | 28.5 | 97.25% | $289 |
2020 | 28 | 255 | 89.93% | 14 | 100.00% | $335 |
2021 | 10 | 203 | 157.13% | 6.5 | 102.08% | $427 |
Mason County Waterfront Characteristics
San Juan County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 126 | 87 | 5.96% | 219.5 | 88.34% | $508 |
2017 | 99.5 | 94 | 7.75% | 163.5 | 92.10% | $550 |
2018 | 96.5 | 80 | 7.10% | 144 | 92.44% | $545 |
2019 | 89 | 94 | 8.86% | 74.5 | 93.68% | $654 |
2020 | 63 | 130 | 24.58% | 104 | 94.90% | $687 |
2021 | 20 | 95 | 41.12% | 23 | 97.36% | $906 |
San Juan County Waterfront Characteristics
Whatcom County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 97 | 155 | 14.15% | 73.5 | 94.97% | $288 |
2017 | 71.5 | 166 | 19.08% | 38 | 96.23% | $326 |
2018 | 68 | 151 | 18.63% | 26.5 | 96.66% | $354 |
2019 | 61 | 142 | 19.39% | 35.5 | 95.75% | $335 |
2020 | 46 | 166 | 35.57% | 15 | 98.04% | $414 |
2021 | 19 | 165 | 76.00% | 6 | 100.00% | $472 |
Whatcom County Waterfront Characteristics
Thurston County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 62 | 165 | 22.29% | 26 | 96.27% | $220 |
2017 | 47 | 164 | 28.88% | 27 | 97.86% | $239 |
2018 | 48.5 | 187 | 33.21% | 23 | 96.57% | $255 |
2019 | 43 | 175 | 33.61% | 24 | 97.64% | $277 |
2020 | 22 | 202 | 82.10% | 10.5 | 98.19% | $298 |
2021 | 13 | 186 | 105.66% | 7 | 100.00% | $375 |
Thurston County Waterfront Characteristics
Skagit County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 67.5 | 123 | 14.88% | 96 | 94.78% | $308 |
2017 | 60 | 116 | 16.47% | 56 | 95.96% | $356 |
2018 | 55.5 | 118 | 17.46% | 59 | 95.80% | $345 |
2019 | 39 | 108 | 21.72% | 35 | 96.77% | $376 |
2020 | 16 | 113 | 65.00% | 19.5 | 97.89% | $364 |
2021 | 11 | 113 | 83.77% | 8 | 100.00% | $480 |
Skagit County Waterfront Characteristics
Grays Harbor County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 99 | 145 | 12.10% | 77 | 95.65% | $173 |
2017 | 80 | 181 | 18.14% | 90 | 95.98% | $181 |
2018 | 68.5 | 181 | 22.02% | 60 | 96.49% | $191 |
2019 | 67 | 155 | 19.55% | 62 | 96.03% | $219 |
2020 | 26 | 166 | 56.64% | 33 | 99.02% | $249 |
2021 | 22 | 159 | 65.03% | 17 | 99.54% | $327 |
Grays Harbor County Waterfront Characteristics
Chelan County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 31.5 | 59 | 15.16% | 48 | 95.54% | $408 |
2017 | 23.5 | 46 | 16.70% | 83.5 | 92.46% | $499 |
2018 | 33.5 | 51 | 14.40% | 50 | 96.03% | $564 |
2019 | 27 | 59 | 18.02% | 56 | 96.67% | $503 |
2020 | 11 | 62 | 90.64% | 11 | 98.82% | $484 |
2021 | 13 | 52 | 38.89% | 9 | 98.74% | $591 |
Chelan County Waterfront Characteristics
Jefferson County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 63 | 91 | 12.16% | 100 | 95.82% | $276 |
2017 | 42 | 112 | 20.64% | 82.5 | 95.69% | $289 |
2018 | 32.5 | 90 | 21.85% | 60 | 97.20% | $319 |
2019 | 25 | 68 | 23.44% | 27.5 | 95.47% | $355 |
2020 | 21 | 90 | 47.34% | 18 | 98.56% | $351 |
2021 | 10 | 83 | 73.49% | 9 | 100.00% | $489 |
Jefferson County Waterfront Characteristics
Clallam County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 29 | 32 | 9.10% | 97 | 93.62% | $259 |
2017 | 32.5 | 62 | 16.29% | 40 | 95.71% | $264 |
2018 | 29.5 | 65 | 19.24% | 73 | 94.12% | $260 |
2019 | 22 | 49 | 17.92% | 54.5 | 96.08% | $316 |
2020 | 10 | 46 | 45.50% | 8.5 | 99.51% | $330 |
2021 | 5 | 58 | 133.46% | 11 | 100.00% | $406 |
Clallam County Waterfront Characteristics
Cowlitz County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 17 | 43 | 21.5% | 35 | 95.45% | $194 |
2017 | 12.5 | 58 | 36.01% | 45 | 98.44% | $187 |
2018 | 12.5 | 43 | 29.41% | 50 | 95.30% | $189 |
2019 | 12 | 32 | 22.19% | 16 | 96.27% | $220 |
2020 | 8 | 48 | 48.76% | 26 | 96.57% | $228 |
2021 | 5 | 34 | 70.83% | 11.5 | 98.45% | $289 |
Cowlitz County Waterfront Characteristics
Pacific County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 51 | 79 | 12.82% | 88 | 94.34% | $159 |
2017 | 48 | 81 | 15.03% | 142 | 100.00% | $192 |
2018 | 60.5 | 69 | 9.90% | 58.5 | 87.86% | $208 |
2019 | 39 | 90 | 19.59% | 127 | 93.72% | $216 |
2020 | 25 | 86 | 34.06% | 23.5 | 97.77% | $233 |
2021 | 9 | 69 | 68.43% | 21.5 | 97.85% | $311 |
Pacific County Waterfront Characteristics
Lewis County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 33 | 48 | 12.02% | 66 | 92.52% | $164 |
2017 | 25 | 66 | 21.99% | 54 | 95.02% | $182 |
2018 | 18 | 46 | 22.11% | 89 | 96.91% | $204 |
2019 | 22 | 50 | 23.85% | 65 | 96.63% | $241 |
2020 | 17 | 73 | 41.88% | 41 | 96.85% | $235 |
2021 | 9 | 46 | 41.06% | 16 | 100.00% | $286 |
Lewis County Waterfront Characteristics
Wahkiakum County Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 9 | 20 | 18.69% | 68 | 92.86% | $185 |
2017 | 13 | 16 | 13.22% | 13 | 96.27% | $192 |
2018 | 8 | 14 | 14.12% | 113 | 91.30% | $184 |
2019 | 9 | 13 | 15.48% | 56 | 95.57% | $217 |
2020 | 4 | 14 | 35.42% | 19 | 98.67% | $202 |
2021 | 3 | 19 | 57.38% | 43 | 99.00% | $312 |
Wahkiakum County Waterfront Characteristics
It’s time now to transition from a county-level waterfront market analysis to a more region-specific waterfront market analysis, including Western Washington State areas, cities, lakes, and islands.
More than $668 million in waterfront transactions occurred in the cities of Seattle & Bellevue in 2021. In the Puget Sound area, Seattle and Bellevue waterfront home sales represented 46.4% of the total 2021 waterfront home market. From 2020 to 2021, growth rates for Seattle and Bellevue were 18.17% and 5.95%, respectively. The Puget Sound region as a whole experienced a total sales volume growth of 17.96% from 2020 to 2021.
The highest growth in the Puget Sound region from 2020 to 2021 occurred in Sammamish (127.49%) and Tacoma (93.78%). Were it not for decreases in two communities — Key Peninsula sales declined 17.79% and Port Orchard sales declined 16.34% — the overall sales growth of the Puget Sound area would have been even higher.
Puget Sound Single-Family Waterfront Sales Volume & Median Monthly Inventory
Puget Sound Single Family Waterfront Sales Volume
Puget Sound Waterfront Market Statistics
Puget Sound Region Table of Contents
Bellevue Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 11 | 30 | 23.42% | 35 | 95.56% | $880 |
2017 | 10.5 | 31 | 25.54% | 42.5 | 96.47% | $962 |
2018 | 13.5 | 32 | 20.09% | 52 | 96.75% | $923 |
2019 | 7 | 27 | 40% | 69 | 94% | $866 |
2020 | 4 | 27 | 47% | 6 | 100% | $1,261 |
2021 | 3 | 37 | 103% | 8 | 100% | $1,517 |
Bellevue Waterfront Characteristics
Seattle Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 26.5 | 96 | 29.50% | 22 | 97.69% | $739 |
2017 | 29 | 86 | 24.79% | 18 | 95.95% | $797 |
2018 | 32.5 | 80 | 19.43% | 17 | 98.38% | $903 |
2019 | 42 | 94 | 19.00% | 46 | 94.99% | $875 |
2020 | 29 | 115 | 30.85% | 24 | 96.75% | $978 |
2021 | 21 | 120 | 51.36% | 14 | 100% | $1,068 |
Seattle Waterfront Characteristics
Olympia Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 47.5 | 124 | 22.13% | 27 | 96.28% | $236 |
2017 | 38.5 | 114 | 24.38% | 28 | 97.84% | $259 |
2018 | 39 | 123 | 25.41% | 21 | 96.66% | $280 |
2019 | 32 | 130 | 31.86% | 24.5 | 97.08% | $298 |
2020 | 17 | 142 | 84.53% | 9 | 98.15% | $320 |
2021 | 9 | 123 | 103.71% | 7 | 100% | $409 |
Olympia Waterfront Characteristics
Gig Harbor Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 42.5 | 91 | 18.11% | 56 | 94.06% | $325 |
2017 | 46 | 84 | 16.82% | 43 | 96.72% | $366 |
2018 | 39 | 96 | 21.46% | 56.5 | 94.97% | $404 |
2019 | 25 | 72 | 23.09% | 37 | 95.92% | $419 |
2020 | 20 | 91 | 49.38% | 21.5 | 96.21% | $440 |
2021 | 11 | 98 | 81.87% | 7 | 100% | $557 |
Gig Harbor Waterfront Characteristics
Kirkland Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 8.5 | 19 | 18.44% | 29 | 93.75% | $848 |
2017 | 7.5 | 17 | 23.74% | 22 | 96.26% | $1,068 |
2018 | 3 | 15 | 44.03% | 4 | 100.00% | $850 |
2019 | 3 | 14 | 44.44% | 14 | 97.88% | $926 |
2020 | 4 | 11 | 25.83% | 9 | 100.00% | $1,583 |
2021 | 2 | 15 | 63.19% | 25 | 97.76% | $1,653 |
Kirkland Waterfront Characteristics
Key Peninsula Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 26.5 | 51 | 16.35% | 53 | 95.16% | $225 |
2017 | 18.5 | 69 | 30.39% | 32 | 97.35% | $318 |
2018 | 14.5 | 56 | 31.71% | 19 | 98.99% | $302 |
2019 | 13 | 45 | 32.24% | 32.5 | 97.52% | $342 |
2020 | 9 | 55 | 73.86% | 21.5 | 96.80% | $361 |
2021 | 5 | 51 | 95.62% | 6 | 103.24% | $414 |
Key Peninsula Waterfront Characteristics
Shelton Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 41.5 | 107 | 21.18% | 44.5 | 96.37% | $207 |
2017 | 33 | 92 | 22.88% | 41.5 | 97.45% | $223 |
2018 | 21.5 | 103 | 38.54% | 35 | 96.80% | $237 |
2019 | 21 | 109 | 37.47% | 28 | 97.53% | $262 |
2020 | 12 | 107 | 109.68% | 14 | 100.00% | $304 |
2021 | 4 | 74 | 187.64% | 7 | 100.74% | $366 |
Shelton Waterfront Characteristics
Sammamish Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 4 | 28 | 84.48% | 10 | 100.00% | $648 |
2017 | 4 | 27 | 58.97% | 13 | 100.00% | $785 |
2018 | 5 | 21 | 36.64% | 16 | 96.84% | $697 |
2019 | 8 | 22 | 22.21% | 8 | 99.91% | $948 |
2020 | 6 | 18 | 53.08% | 45 | 96.09% | $967 |
2021 | 1 | 27 | 119.44% | 7 | 100.00% | $977 |
Sammamish Waterfront Characteristics
Bremerton Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 22 | 94 | 36.35% | 36 | 97.94% | $217 |
2017 | 14.5 | 72 | 38.45% | 31 | 96.48% | $233 |
2018 | 12.5 | 61 | 35.17% | 15 | 97.71% | $272 |
2019 | 12 | 58 | 39.49% | 32 | 97.40% | $262 |
2020 | 9 | 72 | 95.16% | 22 | 100.00% | $292 |
2021 | 4 | 64 | 158.61% | 6 | 102.07% | $445 |
Bremerton Waterfront Characteristics
Lakewood Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 24.5 | 33 | 12.13% | 80 | 95.98% | $228 |
2017 | 15.5 | 41 | 24.11% | 42 | 96.24% | $216 |
2018 | 13 | 37 | 25.22% | 69 | 91.37% | $304 |
2019 | 16 | 34 | 19.03% | 76 | 91.40% | $228 |
2020 | 10 | 37 | 35.37% | 21 | 97.62% | $322 |
2021 | 5 | 9 | 60.83% | 7 | 100.00% | $341 |
Lakewood Waterfront Characteristics
Port Orchard Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 17 | 38 | 21.55% | 100 | 92.71% | $205 |
2017 | 12.5 | 50 | 35.30% | 30 | 96.67% | $266 |
2018 | 10 | 39 | 31.38% | 27 | 97.21% | $304 |
2019 | 11 | 33 | 24.75% | 27 | 100.00% | $306 |
2020 | 8 | 55 | 99.68% | 31 | 97.40% | $312 |
2021 | 4 | 38 | 104.03% | 6 | 101.43% | $379 |
Port Orchard Characteristics
Poulsbo Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 16 | 38 | 19.94% | 42 | 95.85% | $328 |
2017 | 12 | 45 | 32.34% | 24 | 97.08% | $305 |
2018 | 8 | 30 | 41.87% | 29 | 99.28% | $344 |
2019 | 7 | 30 | 52.86% | 19 | 97.41% | $348 |
2020 | 6 | 32 | 61.32% | 11 | 100.00% | $490 |
2021 | 2 | 34 | 155.56% | 6 | 100.04% | $518 |
Poulsbo Waterfront Characteristics
Kingston Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 14 | 26 | 19.67% | 74 | 93.52% | $316 |
2017 | 8 | 11 | 10.84% | 141 | 92.51% | $357 |
2018 | 3.5 | 25 | 55.74% | 12 | 98.25% | $399 |
2019 | 5 | 20 | 35.79% | 46 | 94.30% | $350 |
2020 | 2 | 18 | 76.36% | 33 | 98.46% | $397 |
2021 | 1 | 18 | 91.67% | 6 | 101.15% | $505 |
Kingston Waterfront Characteristics
Federal Way Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 7 | 18 | 20.04% | 15 | 99.12% | $297 |
2017 | 7 | 20 | 23.80% | 63 | 94.84% | $282 |
2018 | 5 | 18 | 52.02% | 47 | 96.40% | $282 |
2019 | 3 | 18 | 55.56% | 17 | 97.50% | $327 |
2020 | 4 | 15 | 65.00% | 5 | 99.06% | $365 |
2021 | 2 | 13 | 30.56% | 7 | 100% | - |
Federal Way Waterfront Characteristics
Tacoma Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 7.5 | 12 | 15.89% | 99 | 91.41% | $300 |
2017 | 7 | 14 | 17.97% | 72 | 97.10% | $260 |
2018 | 4.5 | 18 | 43.27% | 37 | 95.93% | $309 |
2019 | 3 | 12 | 48.48% | 34 | 96.11% | $301 |
2020 | 1 | 12 | 90.48% | 22 | 96.78% | $389 |
2021 | 1 | 14 | 54.17% | 11 | 100.00% | $436.00 |
Tacoma Waterfront Characteristics
A natural fjord that separates the Olympic and Kitsap Peninsulas, Hood Canal is one of Puget Sound’s four main basins.
With over 212 miles of shoreline and 16 square miles of tidelands, the area offers excellent fishing and shellfish harvesting, as well as some of the most stunning and unforgettable views in the Western Washington State region. Hood Canal residents and visitors have access to prime outdoor recreational opportunities, including hiking, biking, golfing, boating and kayaking, scuba diving, and more.
Like almost every other waterfront area in Western Washington State, the growth in Hood Canal transaction volume from 2016 – 2021 was considerable at 43.43%. In Belfair, waterfront home sales in 2016 were over $14 million. In 2021, waterfront home sales rose to just under $28 million, a growth rate increase of 49.3%. Hansville saw even more impressive growth. Total sales volume in 2016 was $7.3 million. That number rose to $15.8 million in 2021, a growth rate increase of 53.84%.
Hood Canal Single-Family Waterfront Sales Volume & Median Monthly Inventory
Hood Canal Single Family Waterfront Sales Volume
Hood Canal Waterfront Market Statistics
Hood Canal Region Table of Contents
Port Ludlow Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 24.5 | 33 | 10.99% | 119.5 | 96.26% | $275 |
2017 | 11.5 | 49 | 35.35% | 108 | 98.10% | $274 |
2018 | 9.5 | 32 | 28.16% | 43 | 100.00% | $284 |
2019 | 8 | 33 | 34.95% | 20 | 97.21% | $355 |
2020 | 5 | 35 | 112.03% | 12 | 99.89% | $364 |
2021 | 2 | 27 | 79.86% | 8.5 | 103.00% | $440 |
Port Ludlow Waterfront Characteristics
Belfair Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 25.5 | 48 | 15.89% | 39 | 96.00% | $242 |
2017 | 18 | 51 | 23.73% | 43.5 | 97.17% | $255 |
2018 | 17 | 51 | 28.79% | 22 | 95.56% | $337 |
2019 | 8 | 29 | 32.34% | 37 | 94.40% | $318 |
2020 | 5 | 40 | 127.22% | 10 | 98.37% | $354 |
2021 | 2 | 33 | 122.92% | 8 | 103.66% | $466 |
Belfair Waterfront Characteristics
Hoodsport Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 11 | 14 | 9.47% | 291 | 88.82% | $200 |
2017 | 12 | 28 | 24.07% | 58.5 | 95.28% | $301 |
2018 | 6.5 | 20 | 22.43% | 29.5 | 96.38% | $286 |
2019 | 8 | 11 | 12.12% | 26 | 95.48% | $265 |
2020 | 5 | 23 | 119% | 28.5 | 96.76% | $337 |
2021 | 0 | 10 | 8.33% | 4 | 108.55% | $441 |
Hoodsport Waterfront Characteristics
Hansville Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 8 | 12 | 12.84% | 130 | 92.51% | $306 |
2017 | 5 | 11 | 17.98% | 98 | 96.16% | $309 |
2018 | 4 | 10 | 26.39% | 43.5 | 95.24% | $335 |
2019 | 4 | 10 | 21.13% | 70.5 | 100.08% | $425 |
2020 | 1 | 8 | 54.17% | 26.5 | 100.00% | $448 |
2021 | 1 | 16 | 70.83% | 10 | 100.00% | $463 |
Hansville Waterfront Characteristics
Seabeck Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 4 | 9 | 38.75% | 56 | 93.25% | $321 |
2017 | 5 | 14 | 25.86% | 13.5 | 97.96% | $308 |
2018 | 5.5 | 10 | 28.70% | 37.5 | 94.95% | $534 |
2019 | 4 | 14 | 27.55% | 30.5 | 95.81% | $371 |
2020 | 2 | 6 | 18.52% | 84 | 86.96% | $476 |
2021 | 0 | 9 | 16.67% | 4.5 | 107.07 | $520 |
Seabeck Waterfront Characteristics
Union Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 4 | 11 | 30.56% | 20 | 94.65% | $206 |
2017 | 4 | 6 | 13.00% | 51 | 96.78% | $267 |
2018 | 4 | 8 | 22.27% | 75 | 96.01% | $255 |
2019 | 3 | 5 | 19.44% | 208 | 89.22% | $260 |
2020 | 1 | 9 | 40.74% | 15 | 100.00% | $332 |
2021 | 1 | 7 | 37.50% | 10 | 108.81 | $557 |
Union Waterfront Characteristics
Lilliwaup Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 7 | 5 | 8.37% | 379 | 90.62% | $229 |
2017 | 5.5 | 7 | 13.49% | 168 | 91.04% | $233 |
2018 | 3 | 6 | 12.36% | 18 | 95.42% | $266 |
2019 | 4 | 9 | 21.53% | 35 | 97.42% | $322 |
2020 | 2 | 11 | 50.83% | 25.5 | 100.00% | $332 |
2021 | 0 | 5 | 0.00% | 6 | 101.09 | $485 |
Lilliwaup Waterfront Characteristics
Brinnon Waterfront Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 13.5 | 18 | 12.45% | 119 | 95.14% | $213 |
2017 | 10.5 | 23 | 17.67% | 113 | 92.29% | $238 |
2018 | 6 | 16 | 20.77% | 75 | 96.97% | $276 |
2019 | 5 | 7 | 19.80% | 30 | 92.63% | $338 |
2020 | 3 | 11 | 21.25% | 49 | 99.32% | $221 |
2021 | 1 | 8 | 0.00% | 6 | 96.86% | $385 |
Brinnon Waterfront Characteristics
In 2021, total single-family waterfront home sales in Western Washington state were over $4.1 billion. Lake Washington had 18.9% of that with just under $778.5 million. From 2016 to 2021, the volume of Lake Washington waterfront home sales grew by 48.13%.
Just in the one year between 2019 and 2020, Lake Washington sales volume grew 51.49%. From 2020 to 2021, sales volume continued to rise at a growth rate of 6.96%. Lake Sammamish, the second largest lakefront market in Western Washington State, has experienced even more dramatic sales volume growth. From 2016 to 2021, sales volume around Lake Sammamish grew 113.99% from $86.5 million to $185.1 million.
Much of the lakefront market maintained or increased its heft, even amid historically low inventory. Some experienced negative growth due to limited inventory. Lake Chelan, for example, had a monthly median inventory of 21 in 2016 and 21.5 in 2018. Monthly median inventory in 2020, however, fell to just four and rose to just five in 2021. Each year’s correlating sales volume speaks to this reality: In 2016, total transaction volume for Lake Chelan was over $41 million. In 2019, it rose to over $51 million. As inventory levels dropped, however, so did sales volume. In 2020, Lake Chelan’s total sales transaction was just over $35 million. In 2021, that number dropped further to $28.1 million. It should be noted that the median sold price of Lake Chelan waterfront houses steadily rose across this same time frame. In 2016, the median sold price was $844,500. In 2021, it was $1.75 million.
Many lakefront markets saw substantial growth between 2020 and 2021. For example, Lake Union saw a sales volume growth rate of 25.63% between 2020 and 2021, while the sales volume growth rate on Lake Stevens between 2020 and 2021 was 70.03%. Mason Lake experienced the most dramatic increase in sales volume growth between 2020 ($6.85 million) and 2021 ($20.9 million) at 205.3%.
Lakefront Single-Family Waterfront Sales Volume & Median Monthly Inventory
Lakefront Single Family Waterfront Sales Volume
Lakefront Waterfront Market Statistics
Lakefront Region Table of Contents
Lake Washington Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 61 | 117 | 16.30% | 35 | 94.24% | $925 |
2017 | 53.5 | 126 | 19.17% | 42.5 | 94.82% | $1,046 |
2018 | 45.5 | 108 | 19.41% | 15 | 98.05% | $1,094 |
2019 | 54 | 112 | 17.97% | 47.5 | 95.43% | $1,084 |
2020 | 33 | 123 | 38.44% | 14 | 97.83% | $1,329 |
2021 | 15 | 121 | 80.56% | 8 | 100.00% | $1,587 |
Lake Washington Waterfront Characteristics
Lake Sammamish Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 8.5 | 29 | 31.81% | 17 | 93.91% | $744 |
2017 | 8.5 | 37 | 35.23% | 21 | 97.17% | $857 |
2018 | 12 | 26 | 18.24% | 30.5 | 96.57% | $838 |
2019 | 10 | 26 | 20.50% | 13 | 98.46% | $988 |
2020 | 7 | 39 | 37.24% | 10 | 99.75% | $1,180 |
2021 | 4 | 37 | 85.91% | 6 | 100.20% | $1,206 |
Lake Sammamish Waterfront Characteristics
Lake Tapps Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 27.5 | 80 | 24.15% | 45 | 96.57% | $305 |
2017 | 17.5 | 80 | 32.85% | 35 | 94.86% | $283 |
2018 | 18 | 75 | 33.48% | 20 | 96.00% | $312 |
2019 | 12 | 61 | 46.30% | 38.5 | 95.30% | $344 |
2020 | 6 | 69 | 104.49% | 7.5 | 100.00% | $435 |
2021 | 4 | 60 | 122.14% | 5 | 100.00% | $526 |
Lake Tapps Waterfront Characteristics
Lake Union Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 7 | 36 | 42.08% | 28 | 97.69% | $867 |
2017 | 6 | 29 | 52.66% | 13 | 95.94% | $954 |
2018 | 16.5 | 31 | 15.46% | 17.5 | 91.95% | $989 |
2019 | 16 | 37 | 18.02% | 66 | 91.04% | $922 |
2020 | 14 | 54 | 29.23% | 23 | 96.73% | $1,026 |
2021 | 8 | 51 | 53.49% | 17.5 | 100.00% | $1,209 |
Lake Union Waterfront Characteristics
Lake Whatcom Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 15 | 27 | 16.78% | 58 | 93.84% | $320 |
2017 | 8 | 23 | 33.92% | 42 | 95.42% | $435 |
2018 | 9 | 29 | 27.22% | 22 | 93.70% | $426 |
2019 | 9 | 20 | 19.97% | 27.5 | 94.80% | $442 |
2020 | 8 | 42 | 44.70% | 14 | 99.52% | $578 |
2021 | 5 | 33 | 59.90% | 5 | 100.00% | $559 |
Lake Whatcom Waterfront Characteristics
Lake Chelan Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 21 | 41 | 16.46% | 70.5 | 94.96% | $477 |
2017 | 14.5 | 28 | 17.04% | 96 | 92.82% | $611 |
2018 | 21.5 | 35 | 16.05% | 49 | 94.57% | $714 |
2019 | 13 | 35 | 66.95% | 56.5 | 93.64% | $654 |
2020 | 4 | 21 | 70.56% | 21.5 | 94.70% | $654 |
2021 | 5 | 18 | 23.66% | 5 | 100.00 | $672 |
Lake Chelan Waterfront Characteristics
Lake Stevens Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 4 | 20 | 55.02% | 41 | 97.02% | $327 |
2017 | 5 | 18 | 40.86% | 29 | 94.19% | $347 |
2018 | 5 | 12 | 25.16% | 38 | 95.98% | $404 |
2019 | 5 | 21 | 44.68% | 20 | 100.00% | $436 |
2020 | 2 | 14 | 73.33% | 9.5 | 99.46% | $422 |
2021 | 1 | 18 | 88.75% | 7 | 101.67% | $672 |
Lake Stevens Waterfront Characteristics
American Lake Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 9.5 | 8 | 7.78% | 187 | 93.12% | $222 |
2017 | 5.5 | 10 | 18.83% | 77 | 94.96% | $266 |
2018 | 3 | 8 | 30.56% | 271 | 89.29% | $265 |
2019 | 0 | 0 | 0.00% | 80.5 | 90.54% | $100 |
2020 | 0 | 0 | 0.00% | 25 | 96.90% | $0 |
2021 | 2 | 15 | 68.06% | 6 | 100.00% | $606 |
American Lake Waterfront Characteristics
Lake Steilacoom Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 6 | 11 | 14.52% | 23 | 95.86% | $230 |
2017 | 5 | 14 | 46.11% | 29.5 | 95.92% | $224 |
2018 | 5 | 16 | 31.39% | 65.5 | 90.45% | $288 |
2019 | 3 | 16 | 52.08% | 38 | 89.90% | $289 |
2020 | 2 | 14 | 81.82% | 19 | 97.62% | $319 |
2021 | 2 | 15 | 29.08% | 10 | 91.73% | $606 |
Lake Steilacoom Waterfront Characteristics
Mason Lake Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 3 | 17 | 44.31% | 39 | 95.33% | $248 |
2017 | 2 | 11 | 63.89% | 14 | 100.43% | $254 |
2018 | 3 | 16 | 67.12% | 18 | 95.70% | $504 |
2019 | 4 | 8 | 16.53% | 13 | 96.00% | $320 |
2020 | 3 | 11 | 44.72% | 10 | 97.55% | $379 |
2021 | 1 | 20 | 108.33% | 6 | 111.88% | $519 |
Mason Lake Waterfront Characteristics
Gravelly Lake Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 3 | 4 | 8.61% | 26.5 | 99.71% | $273 |
2017 | 3.5 | 5 | 12.50% | 164 | 85.65% | $237 |
2018 | 2 | 7 | 38.89% | 29 | 97.45% | $273 |
2019 | 4 | 2 | 3.75% | 162 | 84.74% | $321 |
2020 | 4 | 3 | 10.61% | 319 | 85.42% | $275 |
2021 | 1 | 4 | 0.00% | 5 | 100.00% | $384 |
Gravelly Lake Waterfront Characteristics
The number of islands that dot the Puget Sound and Salish Sea is, practically-speaking, unknowable. To provide the most specific insight and relevant market insight possible, we’ve focused our data gathering and analysis efforts on 11 islands that have a combined 2021 single-family waterfront transaction volume of more than $881 million. From 2020 to 2021, eight of the 11 islands saw impressive growth in sales volume. Only Harstene Island, San Juan Island, and Bainbridge Island contracted, at -42.53%, -25.60%, and -1.07% respectively.
Many of the islands analyzed saw substantial growth in transaction volume. On Camano Island, total sales volume grew 41.71% between 2020 ($58.1M) and 2021 ($82.3M). On Lopez Island, total sales increased 45.56% from 2020 ($24M) through 2021 ($34.9M). Whidbey Island experienced an increase of 23.46% between 2020 ($137.5M) and 2021 ($169.8M).
It should be noted that going into 2021, inventory levels throughout the islands were at historical lows. Every island analyzed had dramatically fewer waterfront houses on the market in 2021 than in 2020.
Islands Single-Family Waterfront Sales Volume & Median Monthly Inventory
Islands Single Family Waterfront Sales Volume
Islands Waterfront Market Statistics
Islands Table of Contents
Mercer Island Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 22 | 19 | 12.44% | 60 | 93.81% | $981 |
2017 | 19 | 37 | 16.72% | 41 | 96.69% | $969 |
2018 | 155 | 33 | 17.86% | 15 | 97.76% | $1,000 |
2019 | 18 | 30 | 13.59% | 415 | 95.95% | $935 |
2020 | 12 | 40 | 63.17% | 105 | 98.24% | $1,086 |
2021 | 3 | 29 | 79.86% | 7 | 100.00% | $1,495 |
Mercer Island Waterfront Characteristics
Bainbridge Island Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 27 | 69 | 18.76% | 29 | 95.55% | $515 |
2017 | 19 | 84 | 36.46% | 33 | 96.18% | $573 |
2018 | 18 | 81 | 45.62% | 16 | 97.92% | $589 |
2019 | 27 | 50 | 18.23% | 24 | 96.63% | $552 |
2020 | 11 | 72 | 66.52% | 15 | 98.07% | $684 |
2021 | 4 | 65 | 70.14% | 7 | 102.39% | $818 |
Bainbridge Island Waterfront Characteristics
Whidbey Island Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 72 | 121 | 14.43% | 53 | 96.03% | $395 |
2017 | 61 | 150 | 21.29% | 68 | 95.05% | $407 |
2018 | 40,5 | 121 | 25.34% | 21 | 98.35% | $426 |
2019 | 46 | 112 | 20.64% | 33 | 97.03% | $435 |
2020 | 26 | 133 | 57.16% | 15 | 98.04% | $498 |
2021 | 8 | 132 | 123.65% | 6 | 100.83% | $573 |
Whidbey Island Waterfront Characteristics
San Juan Island Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 42 | 37 | 7.53% | 252 | 90.25% | $549 |
2017 | 36 | 43 | 10.32% | 205 | 91.66% | $597 |
2018 | 33 | 28 | 7.11% | 185 | 93.57% | $559 |
2019 | 38 | 38 | 9.07% | 44 | 94.73% | $648 |
2020 | 28 | 64 | 29.23% | 118 | 93.18% | $618 |
2021 | 5 | 40 | 55.97% | 18 | 97.36% | $801 |
San Juan Island Waterfront Characteristics
Camano Island Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 37 | 84 | 19.17% | 62 | 96.78% | $324 |
2017 | 24 | 95 | 30.93% | 29 | 96.17% | $372 |
2018 | 22 | 76 | 29.79% | 27 | 96.49% | $380 |
2019 | 15 | 69 | 39.25% | 30 | 96.70% | $446 |
2020 | 7 | 66 | 141.91% | 8 | 99.16% | $475 |
2021 | 5 | 75 | 160.37% | 6 | 102.33% | $525 |
Camano Island Waterfront Characteristics
Orcas Island Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 32 | 24 | 6.51% | 192 | 86.30% | $553 |
2017 | 25 | 21 | 7.34% | 154 | 92.11% | $637 |
2018 | 27 | 21 | 6.59% | 97 | 91.34% | $598 |
2019 | 16 | 29 | 12.18% | 60 | 93.43% | $805 |
2020 | 13 | 29 | 19.15% | 57 | 94.81% | $761 |
2021 | 8 | 23 | 34.91% | 60 | 100.00% | $1233 |
Orcas Island Waterfront Characteristics
Vashon Island Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 20 | 58 | 26.55% | 18 | 98.07% | $421 |
2017 | 16 | 52 | 28.93% | 18 | 97.72% | $474 |
2018 | 13 | 43 | 29.94% | 19 | 98.94% | $532 |
2019 | 15 | 40 | 24.84% | 10 | 100.00% | $492 |
2020 | 8 | 42 | 54.85% | 10 | 100.00% | $568 |
2021 | 3 | 38 | 54.37% | 8.5 | 100.50% | $674 |
Vashon Island Waterfront Characteristics
Lopez Island Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 26 | 18 | 6.11% | 267 | 90.07% | $408 |
2017 | 20 | 19 | 7.95% | 71 | 90.76% | $365 |
2018 | 10 | 22 | 18.37% | 158 | 93.13% | $468 |
2019 | 10 | 14 | 12.75% | 70 | 96.38% | $575 |
2020 | 7 | 19 | 36.91% | 39 | 95.32% | $551 |
2021 | 3 | 19 | 56.67% | 11 | 99.08% | $850 |
Lopez Island Waterfront Characteristics
Fox Island Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 13 | 20 | 13.54% | 29 | 94.93% | $308 |
2017 | 11 | 30 | 27.45% | 73 | 94.05% | $385 |
2018 | 9 | 24 | 26.59% | 53 | 93.72% | $350 |
2019 | 5 | 13 | 24.43% | 59 | 92.86% | $427 |
2020 | 4 | 18 | 41.69% | 25 | 95.31% | $515 |
2021 | 1 | 19 | 100.00% | 5.5 | 100% | $500 |
Fox Island Waterfront Characteristics
Harstine Island Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 8 | 12 | 12.754% | 52 | 91.82% | $216 |
2017 | 6 | 15 | 23.54% | 100 | 98.30% | $211 |
2018 | 4 | 15 | 62.16% | 29 | 96.60% | $271 |
2019 | 4 | 12 | 23.08% | 96 | 98.11% | $278 |
2020 | 2 | 20 | 93.33% | 9 | 98.94% | $326 |
2021 | 0 | 8 | 0 | 4 | 109.94% | $433 |
Harstine Island Waterfront Characteristics
Anderson Island Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 6 | 11 | 14.25% | 120 | 92.31% | $210 |
2017 | 6 | 13 | 25.93% | 39 | 96.46% | $279 |
2018 | 4 | 8 | 27.03% | 57 | 94.73% | $271 |
2019 | 2 | 12 | 43.75% | 27 | 95.76% | $251 |
2020 | 1 | 8 | 57.17% | 40 | 97.50% | $280 |
2021 | 0 | 7 | 0% | 6 | 100% | $456 |
Anderson Island Waterfront Characteristics
Washington’s coast is unrivaled in its beauty and diversity. In the Northern part of the state, a rugged coastline meets rain forests and Native American reservations. Because the landscape is less forgiving than it is further south, and because of the large number of preserves, the Northern Washington Coast has only a few small beach towns and villages, some of which are known for their beaches, while others are more known for their history or industry.
As you move south along the coast, from just north of Ocean Shores to where Washington meets Oregon, the land is very flat, which, over the years, has allowed for more waterfront real estate development on the Ocean Shores and Long Beach Peninsulas. Because there is a much larger market along this section of the coast, we’ve focused our analysis on the three largest markets in that area: Ocean Shores, Long Beach, and Ocean Park.
Ocean Shores has experienced substantial transaction volume growth in recent years. From 2020 ($47.3M) to 2021 ($62.7M), waterfront home sales volume in Ocean Shores grew 32.51%. Ocean Park experienced a contraction in sales volume growth of -17.7% over the same time period. Sales volume in Long Beach grew 24.89% from 2020 to 2021 after contracting -10.11% from 2019 to 2020. As with other parts of Western Washington state, inventory in these three areas is significantly lower than it was just a few years ago.
Pacific Coast Single-Family Waterfront Sales Volume & Median Monthly Inventory
Pacific Coast Single-Family Waterfront Sales Volume
Pacific Coast Waterfront Market Statistics
Coast Table of Contents
Ocean Shores Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 60 | 103 | 13.65% | 75 | 95.72% | $156 |
2017 | 51 | 137 | 22.50% | 83 | 96.62% | $170 |
2018 | 38 | 134 | 29.68% | 56 | 97.73% | $189 |
2019 | 48 | 96 | 16.32% | 63 | 96.65% | $207 |
2020 | 21 | 140 | 78.31% | 33 | 99.02% | $229 |
2021 | 15 | 123 | 95.41% | 16 | 99.76% | $305 |
Ocean Shores Waterfront Characteristics
Ocean Park Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 24 | 39 | 14.07% | 74 | 95.11% | $149 |
2017 | 15 | 44 | 22.34% | 106 | 95.35% | $173 |
2018 | 22 | 27 | 11.82% | 44 | 97.98% | $183 |
2019 | 13 | 42 | 28.48% | 80 | 94.25% | $197 |
2020 | 10 | 46 | 58.14% | 19 | 98.06% | $222 |
2021 | 2 | 30 | 100% | 13 | 98.23% | $293 |
Ocean Park Waterfront Characteristics
Long Beach Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 8 | 10 | 11.45% | 90 | 94.92% | $201 |
2017 | 8 | 15 | 24.31% | 134 | 94.38% | $255 |
2018 | 10 | 15 | 11.97% | 47 | 95.28% | $246 |
2019 | 9 | 15 | 16.06% | 147 | 92.24% | $244 |
2020 | 2 | 14 | 62.50% | 20 | 96.66% | $273 |
2021 | 2 | 12 | 16.06% | 17 | 100% | $508 |
Long Beach Waterfront Characteristics
The Northwest region of Washington State features charming and sleepy communities that line the shores of lakes, bays, islands, and rivers throughout Skagit and Whatcom Counties. Bellingham, the largest waterfront home market in the Northwest Washington region, experienced sales volume growth of 16.91% between 2020 ($69.6M) and 2021 ($81.3M) — lower than the 36.6% growth of Whatcom County as a whole, but still impressive. To get even more granular, the median sold price for a waterfront home in Bellingham rose from $1.1 million in 2020 to $1.275 million in 2021. Contrast those prices with Bellingham’s 2016 median sold price of $634,500.
Anacortes, the second largest waterfront market in the Northwest Washington region, grew 27.06% between 2020 ($38.9M) and 2021 ($49.4M). The median sold price of a waterfront home in Anacortes rose from an historical high of $944,250 in 2020 to $1.2 million in 2021.
Northwest Single-Family Waterfront Sales Volume & Median Monthly Inventory
Northwest Single-Family Waterfront Sales Volume
Northwest Waterfront Market Statistics
Northwest Table of Contents
Bellingham Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 30 | 61 | 19.00% | 38 | 95.12% | $308 |
2017 | 20 | 53 | 21.43% | 32 | 97.02% | $389 |
2018 | 19 | 67 | 28.96% | 23 | 98.07% | $377 |
2019 | 13 | 47 | 29.77% | 20 | 97.15% | $376 |
2020 | 9 | 59 | 94.39% | 11 | 99.52% | $460 |
2021 | 6 | 60 | 99.50% | 5 | 100% | $549 |
Bellingham Waterfront Characteristics
Anacortes Market Statistics
Median Monthly Inventory |
Annual # of Properties Sold |
Annual Total Sales Ratio |
Annual Median DOM |
SP/LP Ratio |
Price/Sqft Ratio |
|
---|---|---|---|---|---|---|
2016 | 23 | 34 | 12.04% | 104 | 96.29% | $382 |
2017 | 25 | 34 | 11.53% | 80 | 92.01% | $444 |
2018 | 24 | 31 | 11.14% | 93 | 95.60% | $380 |
2019 | 16 | 35 | 18.33% | 65 | 94.77% | $473 |
2020 | 6 | 38 | 75.77% | 14 | 98.18% | $407 |
2021 | 3 | 35 | 130.69% | 7.5 | 100% | $591 |
Anacortes Waterfront Characteristics
Disclaimers
© 2021 Waterfront Choices LLC. All rights reserved. WashingtonWaterfronts.com and the WashingtonWaterfronts.com logo are registered service marks owned by Waterfront Choices LLC.
COMPASS, the COMPASS logo, and other various trademarks, logos, designs, and slogans are the registered and unregistered trademarks of Compass, Inc. dba COMPASS in the U.S. and/or other countries. COMPASS is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. This report contains forward-looking statements. All statements in this report other than statements of historical fact, including all statements in the future tense and/or regarding our future operating results and financial position, our business strategy and plans, market growth, and our objectives for future operations, are forward-looking statements. You can Browse the types of forward looking statements and the risks related to forward looking statements in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 on our website or on file with the SEC.The statistical information showcased through The Waterfront Report is based on data supplied by the NWMLS. Neither the association nor its MLS is in 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 alway Homes for Sale.
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 through 2021. 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 2016 through December 2021. 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 six 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, Compass, Inc, COMPASS 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
- Bremerton
- Brinnon
- Camano Island
- Chelan County
- Clallam County
- Coast Region
- Counties Section
- Cowlitz County
- Federal Way
- Fox Island
- Gig Harbor
- Gravelly Lake
- Grays Harbor County
- Hansville
- Harstine Island
- Hood Canal Region
- Hoodsport
- Island County
- Islands Section
- Jefferson County
- King County
- Kingston
- Kirkland
- Kitsap
- 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
- 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