Broadly defined from Olympia to the south and the Canadian border to the north so to include the San Juan Islands as well as the approximately 30+ other islands, there were 315 watefront homes sold in the first half of 2022. This was down from the 385 homes that sold in the first six months of 2021. Nevertheless, the number of sales in the first half of each year that went for over $5 million was up slightly in 2022 (8 vs 6). In addition, the most expensive Puget Sound waterfront home sold during those periods was in 2022. In 2022, an Orcas island estate with 5.5 acres sold for $7,995,000.
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During the first half of 2022, 72 Puget Sound waterfront condos sold compared to 82 the year before. In both half years, there 14 waterfront condos that sold for over $1 million. In 2022, it was a Blaine, WA condo that sold for $1.895 million and 2021 it was an Alki (West Seattle) condo that sol for $1.9 million
In general, the most expensive waterfront in Western Washington sells on Lake Washington. More specifically, on the eastside of Lake Washington in area such as Hunts Point, Medina, and Bellevue's Meydenbauer Bay. In the first 6 months of 2022, there were 41 Lake Washington waterfront home sales. Thirteen of the top 15 most expensive luxury homes were on the Eastside. The most expensive was a Bellevue waterfront home on Meydenbauer Bay that sold for $12,125,000. Furthermore, in the first half of 2021, there were 52 waterfront home sales. Of the top 10 highest priced waterfront, 9 were on the Eastside with no Seattle waterfront homes making the list (the 10th was in Lake Forest Park - north of Seattle). The most expensive, was a $32 million home on Hunts Point that was sold by Ewing and Clark's Betsy Q Terry and Jane Powers.
Western Washington Waterfront
There is much more to Western Washington that just Puget Sound and Lake Washington, but the above gives and indication of what has been going on with the waterfront real estate market. To read more about waterfront homes and condos or real out to a local real estate broker who can speak about it in further detail.