King County, Seattle Waterfront Home Sales Up YTD 2011

Published online: Sep 02, 2011 News
Viewed 1339 time(s)

Waterfront home sales in King County continue to outpace the previous year's sales.  Sales in the city of Seattle are up just slightly, with 63 waterfront homes sold as compared to 62 at this point last year.  Considering the difficult market conditions for luxury and upscale properties, a flat market is a positive sign for most waterfront homeowners.

King County waterfront home sales showed a more dramatic increase, with closed transactions rising 10.6%.  324King County waterfront homes have been sold this year, up from 293.  Waterfront real estate continues to show that its inherent value is still drawing buyers into the market despite slow sales overall.

The segment of waterfront homes under $500,000 is many times composed of a large number of houseboats, which affects sales numbers in Seattle more than King County.  Sales of Seattle waterfront homes over $500,000 were actually down slightly for the year, with 46 sales in 2011 and 50 in the previous year.  The increase in houseboat sales is probably influenced by the changes in houseboat financing this year, as we had a window of opportunity for lending on leased-slip houseboats that we haven't seen in quite a while.  That window was just recently closed, but may open again soon when the city cements its new shoreline regulations.

Sam DeBord is a Realtorr and Managing Broker with and Coldwell Banker Danforth. His research and writing focus on Seattle waterfront homes, as well as the Seattle luxury real estate market.

You May Also Be Interested In...

March 30, 2015

The Mini Bike Is Back!

The Downtube Mini Shimano Nexus 8SP Folding Bike has answered the call of demand and is back on the market!
March 25, 2015

Restored To Her Glory

If you’re interested in restoration stories, you don’t want to miss this one—which involves a little history lesson to boot.
March 19, 2015

Why You Should Keep Your Smoke Alarms Up To Date

If you want to hear a good argument for keeping your smoke alarms up to date onboard, check out this man’s story according to Cambridge News.
March 11, 2015

Unmanned Houseboat Drifts 165 Miles

You’ve heard of runaway dogs, but have you ever heard of a runaway houseboat?
March 04, 2015

Lake Norris Update: Twin Cove Marina Is Seeing Great Progress

In an admiral show of resilience and dedication, the heavy winter damage at Twin Cove Marina, Carryville, Tenn., is already being tackled by cleanup crews.
February 24, 2015

Norris Lake Boats Suffer Severe Winter Damage

We have sad news—several boats and docks collapsed under the fury of a winter storm in the Norris Lake, Campbell County, Tenn., area this Saturday.
Follow us on Facebook!   Follow us on Instagram!   Follow us on Pinterest!   Follow us on YouTube!