2019 Waterfront Update
Dive into the Latest Market Trends at the Water’s Edge
Realogics Sotheby’s International Realty (RSIR) recently released an updated waterfront report at RSIRWaterfront.com, which takes an in-depth look at sales trends from January 2018 to March 2019 across the shores of 14 counties. The data-driven analysis includes sales activity charts, price trends, and topographic maps of 27 key communities.
For those considering the sale of a waterfront home, the report addresses seasonality, market positioning and other considerations. For those with the dream of owning a waterfront abode, the report sets forth important questions to help narrow selection criteria.
The report further breaks down waterfront activity across five sub-regions: Waterfront Center (the city of Seattle, Eastside King County to Sammamish, and the eastern shore of Bainbridge Island), Waterfront East (King County west of Sammamish, Snohomish County to Lake Stevens, South Whidbey Island, Kingston on the Kitsap Peninsula, and Pierce County east of Lakewood), Waterfront West (Grays Harbor, the South Puget Sound Basin, Hood Canal, Kitsap County west of Kingston and Winslow), Waterfront North (Central and North Whidbey Island, Camano Island Port Townsend, Snohomish County north of Port Gardner, Skagit, Whatcom and San Juan counties), and Mountain Lake and Riverfront (Chelan and Kittitas counties).
There is one common takeaway that threads through each of the sub-regions is that the proportion of transaction volume between waterfront and non-waterfront sales is quite similar. In most of the areas surveyed, the seasonality of waterfront and non-waterfront sales ran parallel, though median sales price differences are of course relevant.