2020 South Puget Sound Waterfront
Average sales price in 2019 = $1,362,875
UP 19.7% from 2018
This information is taken directly from the Northwest Multiple Listing Service (NWMLS) sales data for 2019 - no editing. To make the charts more accurate for single-family residential homes, manufactured homes, condominiums and land sales are NOT INCLUDED.
How to read the activity chart
Each dot on this chart is an actual 2019 waterfront home sale – placed on the chart by its price verses its square footage. The line on the charts is a mathematical average calculated from these dots to show the average sale price at any given size of home.
REMEMBER - Much more goes into a “price to sell” than the cost per square foot alone. Variables include the amount of beach frontage, tideland rights, the proximity and access to the water, a dock, the home’s condition & lot size. Although similarities of these variables created this group of homes, price per square foot is an appraiser’s approach to comparing area values.
How active was this market?
Each dot is a 2019 sale, marked by the sale price vs. how much time it took to sell. This shows how active this market was in 2019. The “time to sell” is defined from the day it is listed to the day it closes. That includes showings & escrow. A home “sold” in June was probably negotiated in April or May.
When to buy / sell / list?
I’m often asked – "When is the best time to list my home for sale? My answer - 45-60 days before people buy homes in your area. This is a chart of the buying pattern of this beach, each dot marking a 2019 sale price and when it sold. < /P>