Waterfront Update

Living in the Pacific Northwest affords us the opportunity to spend time on the beautiful shores of the Puget Sound as well as its neighboring straits, harbors, and lakes. This type of waterfront scenery is so quintessential to the Pacific Northwest and 2016 was an amazing year for residential waterfront property sales; we saw increases in both the averages prices, sales volume, decreases in the average days on market and low inventory across our area. Overall, our region saw 596 waterfront property sales in 2016 with an average sales price of $818,024, or an average of $344.24 per square foot, and an average days on market of 127.

To read the full January 1-June 30, 2016 Waterfront Report, please visit: RSIR Waterfront Report 2016 (January 1-June 30)

The average sales price on Bainbridge Island for a waterfront property has increased from $1,163,244 in 2014 to 1,327,450 in 2016, which is a 14.1% increase.

With waterfront homes existing as one of the most coveted lifestyle properties in our region, these increasing trends of a seller’s market are not shocking. Working with Realogics Sotheby’s International Realty (RSIR) as a broker specializing in waterfront properties, I’m uniquely positioned to provide the expertise and marketing excellence that you and your property deserve in order to attract qualified buyers, both locally and internationally.

If you are considering selling your waterfront property, or purchasing another, make sure and interview more than just one Realtor! There are clear and profound differences and I would love the opportunity to meet you and explain what my firm and I bring to the table. Please contact me here.