Realogics Sotheby's International Realty 2024 Waterfront Report

Posted on: June 28, 2024

Heed the Call of the Water

Imagine waking up each morning to the serene beauty of Washington’s shoreline, where the gentle lapping of waves greets you and panoramic vistas of the Puget Sound or Lake Washington stretch out before you. Owning a waterfront home in Washington offers a unique lifestyle defined by natural beauty, tranquility, and endless recreational possibilities.
 

At Realogics Sotheby’s International Realty, we understand the unparalleled allure of waterfront living. As a dedicated broker in this specialized market, I bring a deep understanding of the unique nuances and complexities involved in waterfront transactions. Whether you’re looking to sell your current waterfront property or find the perfect shoreline retreat, I am equipped with decades of experience, data-backed insights, and an intimate knowledge of the local communities that grace our spectacular shorelines.

Waterfront real estate in Washington is not just about owning a piece of land; it’s about embracing a lifestyle shaped by our region’s stunning waterways. From the bustling marine life of Puget Sound to the serene lakes perfect for kayaking and sailing, each waterfront property offers a gateway to a world of natural wonder and adventure.

Waterfront properties are exceptionally rare, representing only 4% of all single-family homes sold in 2023 in Washington State. These properties command a significant premium, with median sold prices 43% higher than their non-waterfront counterparts. Interestingly, 57% of these waterfront sales were for under $1 million, while 15% exceeded $2 million, highlighting the diverse range of opportunities available in this exclusive market.

Collectively, Realogics Sotheby’s International Realty brokers exceeded the Washington State median sales price for waterfront properties by an impressive 136% in 2023. Additionally, we represented buyers in the highest recorded sales for waterfront properties last year, demonstrating our brokerage’s exceptional value and premium service.

I’m here to guide you through every step, ensuring a seamless and successful transaction that captures the essence of waterfront living. Ready to explore your waterfront dream? Let’s make it a reality.

 



County Overview
In the county overview of the report, charting the total closed sales and new listings month by month gives a clearer picture of when these individual markets pick up. The report's county analysis highlights when sellers and buyers are most active in these waterfront communities and how these trends either stay consistent or change from year to year.
 
Area Reporting
Each of the 16 communities analyzed in the report offers distinct opportunities for waterfront living and demonstrates the versatility of owning a beautiful piece of shoreline in the region. The report covers illuminating year-over-year data points, from median sales price to average price per square foot to average days on market.
 
Waterfront Listings
Explore some of the finest examples of waterfront listings currently on the market with a selection of properties represented by Realogics Sotheby's International Realty advisors. Plus, learn more about the various types of waterfront properties in the region, from unique floating homes to elegant lakefront estates.

 

Work With Denise

My purpose has always been to help others, from being a tennis pro to teaching at Texas A&M to helping people invest in real estate. I have spent 30+ years helping people navigate the world of real estate. My goal is to both help you put together a real estate investment game plan and implement it.

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