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Replies (5)
- Reba Haas, "reba_haas"
- Contributions:620
Obviously the details can be narrowed down even more as I was just doing a market analysis for someone in the Kirkland area the other day and waterfront isn't doing so well in certain price ranges - specifically noting that in 98034 and 98033 the sales in $850k-$1.5M is down significantly from the high in 2007, not just in prices but in volume of sales.
It's always good to make sure you do a comparison check before submitting offers.
It's always good to make sure you do a comparison check before submitting offers.
- Dunes....
- Contributions:3894
Ya know what hasn't fallen significantly in the last 2 years?????
My hope that you/your family have a "Most Excellent" & Successful New Year...
Thanks for "Representin" yer Industry here at Zillow so well this past year
My hope that you/your family have a "Most Excellent" & Successful New Year...
Thanks for "Representin" yer Industry here at Zillow so well this past year
- Sam DeBord, "SeattleHome.com"
- Contributions:3472
Happy New Year to you, too, Dunes. I'll have to stop by the "Conspiracy Center" soon.
Reba, you're right, there seems to be a gap in the market. Low-priced waterfront is selling, and some very high-end waterfront is selling (much more than in 2009). That middle tier of high-income earners who still need to finance a purchase seem to be holding back.
- Spencer Rascoff, "spencer"
- Contributions:2093
As always, thanks for the info Sam. (And thanks for the xmas card you sent me too!)
- Sam DeBord, "SeattleHome.com"
- Contributions:3472
Happy New Year, Spencer, I hope your family's enjoying the new place (I only had the old address--figured you'd get it).
2010, Year in Review: Seattle Waterfront Homes
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- 4.9/5.0
- (5 reviews)
Contributions:3472The Seattle waterfront real estate market is closing out a fairly strong year, considering the overall malaise of the national real estate market in 2010. Sales were fairly strong overall, with a general rise in sales continuing since 2008.
These are only partial numbers from the MLS, certainly not the entire picture of the waterfront real estate market in Seattle for the year, but a good general measure of the trend.
There were 89 waterfront houses and 74 waterfront condos 2010 sold in Seattle up to this point. The total of 163 homes was a significant increase over the 132 sales in 2009 and 122 sales in 2008. The sales of waterfront houses, a stronger indicator of the waterfront market than condos, went from 56 in 2008 to 84 in 2009 and 89 this year. I'd expect the number to be in the low 90s by the time all of the current pending/closing sales have been recorded.
While prices have fallen significantly in those two years, there are still a healthy number of buyers looking for a waterfront home. Price it correctly, and you can still sell waterfront real estate in Seattle.
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