2022 Puget Sound Waterfront Real Estate Report

 
 

North Hood Canal (Seabeck to Port Ludlow)

Average sales price in 2021 = $1,132,233 / Up 23.1%

Understanding the 2022 real estate market requires historical data from 2021 sales. They are the comps upon which 2022 listings are based.

The following is every 2021 real estate listing on Hood Canal's North end - from Seabeck to Port Ludlow with saltwater frontage taken directly from the Northwest Multiple Listing Service (NWMLS). Not include in this list is manufactured homes, condominiums, and land sales – only “single-family homes”. Most listings closed however some were still for sale when the data was taken while others were either withdrawn (With) or expired (Exp) – some perhaps more than once. Those not closed in 2021 were also not included.

Pricing

Understanding the 2022 real estate market requires historical data from 2021 sales. They are the comps upon which 2022 listings are based.

The following is every 2021 real estate listing on East Bremerton with saltwater frontage taken directly from the Northwest Multiple Listing Service (NWMLS). Not include in this list is manufactured homes, condominiums, and land sales – only “single-family homes”. Most listings closed however some were still for sale when the data was taken while others were either withdrawn (With) or expired (Exp) – some perhaps more than once. Those not closed in 2021 were also not included.

Market Activity

The same dots are now marked by the sale price vs. how much time it took to sell. This shows how active this market was in 2021. The “time to sell” is defined from the day it is listed to the day it closes. That includes showings and an average of 45 days of escrow. Some areas close quicker but for example, a home “sold” in June was probably negotiated in April or May. Sellers should be prepared to move quickly.

Buying Pattern

I am often asked, “When is the best time to list my home?” My answer – When people are buying. This is the buying pattern for North Hood Canal, the area from Port Ludlow to Seabeck. Why is it different? Each beach is different depending upon the concentration of full-time residents’ verses vacation property.

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