The Seattle waterfront real estate market is closing out a fairly strong year, considering the overall malaise of the national real estate market in 2010. Sales were fairly strong overall, with a general rise in sales continuing since 2008.
These are only partial numbers from the MLS, certainly not the entire picture of the waterfront real estate market in Seattle for the year, but a good general measure of the trend.
There were 89 waterfront houses and 74 waterfront condos 2010 sold in Seattle up to this point. The total of 163 homes was a significant increase over the 132 sales in 2009 and 122 sales in 2008. The sales of waterfront houses, a stronger indicator of the waterfront market than condos, went from 56 in 2008 to 84 in 2009 and 89 this year. I'd expect the number to be in the low 90s by the time all of the current pending/closing sales have been recorded.
While prices have fallen significantly in those two years, there are still a healthy number of buyers looking for a waterfront home. Price it correctly, and you can still sell waterfront real estate in Seattle.
Comments(2)