The 2021
Washington Waterfront Market Report

The Value
of a Waterfront
Specific Report

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

Washington-Waterfronts-Team
Washington-Waterfronts-Team-Member

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.

Washington-Waterfronts-Team-Member

Jessica Barry

REALTOR®, CLHMS™
Washington-Waterfronts-Team-Member

Wyatt Martin

REALTOR®, CLHMS™
Washington-Waterfronts-Team-Member

April Jeong-Callies

REALTOR®, CLHMS™
Washington-Waterfronts-Team-Member

Alyssa Murphy

Client Engagement Manager

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:

  1. — We're going to achieve the goal we agreed to achieve together;
  2. — We're going to achieve this goal at the best possible terms for you; and
  3. — 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 volume

60+

Countries your home syndicates to

350+

Offices

100+

International portals your home syndicates to

19K+

Agents
world-map us-map

Our 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.

kyle

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

Counties
Waterfront Real Estate Statistics

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

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

King County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

King County Waterfront Characteristics

Pierce County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Pierce County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Pierce County Waterfront Characteristics

Kitsap County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Kitsap County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Kitsap County Waterfront Characteristics

Island County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Island County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Island County Waterfront Characteristics

Snohomish County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Snohomish County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Snohomish County Waterfront Characteristics

Mason County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Mason County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Mason County Waterfront Characteristics

San Juan County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

San Juan County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

San Juan County Waterfront Characteristics

Whatcom County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Whatcom County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Whatcom County Waterfront Characteristics

Thurston County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Thurston County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Thurston County Waterfront Characteristics

Skagit County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Skagit County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Skagit County Waterfront Characteristics

Grays Harbor County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Grays Harbor County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Grays Harbor County Waterfront Characteristics

Chelan County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Chelan County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Chelan County Waterfront Characteristics

Jefferson County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Jefferson County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Jefferson County Waterfront Characteristics

Clallam County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Clallam County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Clallam County Waterfront Characteristics

Cowlitz County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Cowlitz County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Cowlitz County Waterfront Characteristics

Pacific County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Pacific County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Pacific County Waterfront Characteristics

Lewis County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Lewis County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Lewis County Waterfront Characteristics

Wahkiakum County Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Wahkiakum County Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Wahkiakum County Waterfront Characteristics

Puget Sound

Waterfront Real Estate Statistics

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

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Bellevue Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Bellevue Waterfront Characteristics

Seattle Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Seattle Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Seattle Waterfront Characteristics

Olympia Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Olympia Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Olympia Waterfront Characteristics

Gig Harbor Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Gig Harbor Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Gig Harbor Waterfront Characteristics

Kirkland Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Kirkland Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Kirkland Waterfront Characteristics

Key Peninsula Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Key Peninsula Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Key Peninsula Waterfront Characteristics

Shelton Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Shelton Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Shelton Waterfront Characteristics

Sammamish Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Sammamish Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Sammamish Waterfront Characteristics

Bremerton Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Bremerton Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Bremerton Waterfront Characteristics

Lakewood Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Lakewood Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Lakewood Waterfront Characteristics

Port Orchard Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Port Orchard Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Port Orchard Characteristics

Poulsbo Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Poulsbo Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Poulsbo Waterfront Characteristics

Kingston Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Kingston Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Kingston Waterfront Characteristics

Federal Way Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Federal Way Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Federal Way Waterfront Characteristics

Tacoma Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Tacoma Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Tacoma Waterfront Characteristics

Hood Canal

Waterfront Real Estate Statistics

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

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Port Ludlow Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Port Ludlow Waterfront Characteristics

Belfair Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Belfair Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Belfair Waterfront Characteristics

Hoodsport Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Hoodsport Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Hoodsport Waterfront Characteristics

Hansville Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Hansville Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Hansville Waterfront Characteristics

Seabeck Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Seabeck Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Seabeck Waterfront Characteristics

Union Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Union Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Union Waterfront Characteristics

Lilliwaup Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Lilliwaup Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Lilliwaup Waterfront Characteristics

Brinnon Waterfront Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Brinnon Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Brinnon Waterfront Characteristics

Lakes

Waterfront Real Estate Statistics

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

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Lake Washington Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Lake Washington Waterfront Characteristics

Lake Sammamish Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Lake Sammamish Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Lake Sammamish Waterfront Characteristics

Lake Tapps Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Lake Tapps Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Lake Tapps Waterfront Characteristics

Lake Union Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Lake Union Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Lake Union Waterfront Characteristics

Lake Whatcom Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Lake Whatcom Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Lake Whatcom Waterfront Characteristics

Lake Chelan Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Lake Chelan Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Lake Chelan Waterfront Characteristics

Lake Stevens Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Lake Stevens Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Lake Stevens Waterfront Characteristics

American Lake Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

American Lake Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

American Lake Waterfront Characteristics

Lake Steilacoom Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Lake Steilacoom Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Lake Steilacoom Waterfront Characteristics

Mason Lake Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Mason Lake Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Mason Lake Waterfront Characteristics

Gravelly Lake Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Gravelly Lake Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Gravelly Lake Waterfront Characteristics

Islands

Waterfront Real Estate Statistics

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

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Mercer Island Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Mercer Island Waterfront Characteristics

Bainbridge Island Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Bainbridge Island Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Bainbridge Island Waterfront Characteristics

Whidbey Island Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Whidbey Island Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Whidbey Island Waterfront Characteristics

San Juan Island Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

San Juan Island Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

San Juan Island Waterfront Characteristics

Camano Island Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Camano Island Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Camano Island Waterfront Characteristics

Orcas Island Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Orcas Island Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Orcas Island Waterfront Characteristics

Vashon Island Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Vashon Island Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Vashon Island Waterfront Characteristics

Lopez Island Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Lopez Island Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Lopez Island Waterfront Characteristics

Fox Island Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Fox Island Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Fox Island Waterfront Characteristics

Harstine Island Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Harstine Island Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Harstine Island Waterfront Characteristics

Anderson Island Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Anderson Island Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Anderson Island Waterfront Characteristics

Coast

Waterfront Real Estate Statistics

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

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Ocean Shores Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Ocean Shores Waterfront Characteristics

Ocean Park Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Ocean Park Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Ocean Park Waterfront Characteristics

Long Beach Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Long Beach Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Long Beach Waterfront Characteristics

Northwest

Waterfront Real Estate Statistics

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

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Bellingham Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

Bellingham Waterfront Characteristics

Anacortes Market Statistics

waterfront-icon Median Monthly
Inventory
waterfront-icon Annual # of
Properties Sold
waterfront-icon Annual Total
Sales Ratio
waterfront-icon Annual
Median DOM
waterfront-icon SP/LP
Ratio
waterfront-icon 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 Single-Family Waterfront Homes

Anacortes Waterfront Financing, 2016 - 2021

(percentage of single-family home transactions by dollar volume)

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.