olympic: Pricing Waterfront Property on Hood Canal is Local
- 04/11/18 10:58 AM
I was asked yesterday at #BelfairWindermere, “On Hood Canal, what is the cost per linear foot of waterfront?” This is the old-school way of determining the value of a beachfront property. It worked well for a while when most houses were similar and vacant land when available, but both of those conditions have changed. The number for years was $5000 per foot but for those who still like to know, here is the calculation. On the horizontal section of Hood Canal, that part beyond the Big Bend, we sold 32 homes. Throw out the most expensive and the least expensive, you find … (20 comments)
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