Waterfront home sales in King County and most of the Eastside have been rising steadily for the past couple of years. Kirkland's waterfront real estate sales, in particular, have gotten a big boost.
After 38 Kirkland waterfront homes were sold in 2010, that number jumped to 48 during 2011. The increase of 26% was one of the biggest in the greater Seattle region. Not only did the total number of sales increase, but the highest-end home sales were also up significantly.
Many cities saw a drop in their million-dollar and multi-million-dollar home sales recently due to the lack of luxury home buyers. Kirkland's sales of waterfront homes over $1 million in 2011 almost doubled, from 12 sales to 20 sales. Multi-million dollar waterfront home sales rose from 5 closings in 2010 to 7 in 2011. The market for waterfront homes in the city of Kirkland seems to be heating up even more quickly than the rest of the strengthening luxury real estate market in King County.