Seattle Waterfront Home Sales Increase, Median Prices Up

Sales of waterfront homes in Seattle and King County are still on the increase.  Year-to-date, we've seen 152 waterfront homes sold in King County in 2011, up from 146 waterfront sales during the same period last year.  The moderate increase this year is welcome news for the luxury real estate market, as well a major boost over previous years.  In 2009, only 75 waterfront homes had sold at this point in the year.

Median prices were also up, with the median waterfront home sold in King County on the NWMLS at $690,000 in 2010, increasing to $750,000 in 2011.  Median prices are a tricky metric in the waterfront market, considering the shifting market segments of houseboats, floating homes, river homes, lakefront homes, Puget Sound waterfront, etc.  There's certainly a need for restraint reporting this statistic as evidence that waterfront values are increasing significantly, but any upward momentum in the market is always a good sign.  The more of the buying market that shifts its attention to higher-priced homes, the more these luxury and waterfront homes will stabilize in their values.

  • May 23 2011 - Alki
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