Waterfront Home Sales Rise 26% As Closings Gain on New Listings

Real Estate Agent with SeattleHome.com -Coldwell Banker Danforth

Sales of waterfront homes in Seattle have continued to rise this summer, as the constricted number of available homes has finally begun to ease.  While real estate inventory is rising across the waterfront and the entire local market, sales of waterfront homes are increasing at a rate nearly as fast as the pace of new listings.

Record waterfront home sales in Seattle

77 waterfront homes have been sold in King County so far in July.  That number is likely to rise as the last few days of the month's closings are recorded.  This number already represents a 26 percent increase over June, and a stellar statistical month for the Seattle waterfront market.

We have to go back to the summer of 2007 to find this many waterfront homes being sold in one month.  Just before the peak of the Seattle market we saw 70-80 waterfront home sales in May and June, but the market hasn't touched those numbers since.

For all the talk of Seattle's ultra-hot market beginning to slow, the waterfront doesn't seem to be cooperating.  The end of summer will always bring the natural cyclical slowdown but, for now, record sales continue to boost waterfront competition and home prices.  


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© SeattleHome.com: - Sam DeBord, Managing Broker, Realtor

State Director, Washington Association of Realtors
Coldwell Banker Seattle: Coldwell Banker Danforth & Associates
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Source:  NWMLS Stats - The Northwest Multiple Listing Service did not compile or publish this information.

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Comments (1)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Wow that is a great positive report.  I wish you well on the sale of the area.

Jul 31, 2013 12:55 AM