The beautiful landscapes of the Pacific Northwest aren’t complete without our water views. From in-city waterfronts along our lakes and the majesty of the Puget Sound, to island living and vistas along Washington’s scenic port towns, there’s nothing like finding a piece of shoreline to call your own.
The RSIR Waterfront Report exhibits 15 months of waterfront sales, from January 2019 through March 2020, in 15 counties of Western Washington. For each month of this period, we chart monthly selling activity, reporting average and median selling prices, and mapping every waterfront sale in 45 topographically focused areas. We begin with five broader subregions among the 15 counties, in which we look at monthly cycles of sales, prices, and cumulative days on market (CDOM) for waterfront properties in comparison with those of non-waterfront homes sold. To this data-centered analysis, we add insightful remarks by our brokers.
For sellers, these remarks address seasonality, market positioning, and other special considerations for waterfront properties. For buyers, they set forth key questions that will narrow the selection criteria. For both, they underscore the value of working with an expert broker. With this report, our aim is to provide guidance to help buyers and sellers to make sense of this diverse and ever-changing real estate market segment.
