Issuu

Nothing Compares

2022

THE MOST COVETED PROPERTY LIFESTYLE

rsirwaterfront.com

Waterfront Report

LIVING LIFE ON THE WATER'S EDGE With generations of experience in waterfront listing and selling, RSIR brokers offer a wealth of insight to sellers and buyers of waterfront homes. Home selling statistics offer clues as to when to list locally, but it's the expert insight of RSIR brokers who have successfully guided clients through this process and can advise each seller when and how to prepare a home for sale.

Our real estate advisors will effectively guide the clients they represent with experience, expertise, an incomparable dedication.

FEATURED LISTING: Madison Park, Seattle | MLS# 1927816 $35,000,000 | ACTIVE

2 | 2022 Waterfront Report

Heed the call of the water today. The beautiful landscapes of the Pacific Northwest aren’t complete without our water views. From in-city waterfronts along our lakes and the majesty of the Puget Sound to island living and vistas along Washington’s scenic port towns, there’s nothing like finding a piece of shoreline to call your own. Realogics Sotheby’s International Realty has observed over two years of waterfront transactions, from January 2020 through March 2022 across Western Washington’s most sought-after destinations. By first looking at transactions by county, we observe the pattern of new listings entering the market and when sales close, seasonally. With this information presented along with insights from the last year and quarter, sellers and buyers can work with their real estate advisor to determine the best time to enter the market. Our real estate market is changing and evolving just like you. Many factors that would have played into a decision to sell or buy a waterfront home only a year ago are much different now. But one thing remains the same, working with a Realogics Sotheby’s International Realty waterfront expert in order to achieve your goals, whether you’re buying or selling a primary residence, second home, or remote getaway, is an absolute necessity.

Looking for your next waterfront home? rsirwaterfront.com | 3

TABLE OF CONTENTS 2

Living Life on the Water's Edge

What's Next

RSIR Advantage

A Steward of the Shoreline

Waterfront Lock-And-Leave Living

Floating Homes

Essential Knots

County Overview

Featured Waterfronts

Seattle | Ballard & Magnolia

Seattle | Northwest Lake Washington

Seattle | Southwest Lake Washington

Seattle | West Seattle

Bainbridge Island

Bellevue

Camano Island

Four Points

Gig Harbor & Fox Island

Kirkland

Kitsap County

Mercer Island

Port Angeles

Redmond

Renton

Sammamish & Issaquah

The San Juan Islands

Sequim

Glossary

4 | 2022 Waterfront Report

What's Ahead While our region sits in the nation's upper left corner and is defined by its rainfall, its true majesty is postured by lakes, saltwater bays, islands, and peninsulas carved out by prehistoric glaciers. Many fortunate residents find harbor along these coveted shorelines. Our real estate advisors take great pride in analyzing this rare opportunity in waterfront living. In this report, you'll explore what the market has looked like over the past two years and observe seasonal trends over the last five years. It gives you the knowledge you need to inform the next steps on your real estate journey, whether you expect to sell a waterfront home or buy one of your own. When you combine this thoroughly researched reporting with the expertise of an RSIR real estate advisor, you have whether the market is destined for fair winds or a squall. Representing all price points and property types from salt water to fresh, with this guide, you are now one step closer to achieving your real estate goals.

Chief Marketing Officer Realogics Sotheby’s International Realty

rsirwaterfront.com | 5

PERFORMANCE

PROVEN RESULTS

$204B EXPOSURE

46M

As a leader in luxury, our 300+ brokers consistently represent the highest average closed sales prices with the greatest productivity per agent for listings and sales when compared to the top 10 largest brands*.

Our extraordinary global sales volume is accomplished across an exclusive network of 1,000 offices in 79 countries with 25,000+ brokers who generated and closed on more than $5.2B in referrals in 2021.

In 2021, sothebysrealty.com averaged 3.8M views per month, the brand enjoyed 47,600 editorial media placements, and our YouTube channel earned more subscribers than any other real estate firm.

*Compared to the top ten largest residential real estate brands per Trendgraphix.

6 | 2022 Waterfront Report

In our evolving economy, you need a brokerage prepared for where the market is moving next and a real estate advisor whose local expertise is matched only by their global reach. That’s how we’ve outperformed our peers for annual growth and why we are trusted with the region’s most distinctive properties. We are measured by the company we keep, the clients we represent, and the results we create, one sale at a time.

Whether your next move is around the corner or around the world, we’re here to help.

Nothing Compares.

rsirwaterfront.com | 7

A Steward of the Shoreline. A WATERFRONT HOMEOWNER.

By Alyssa Morrison Brand Communications Editor

FEATURED LISTING: Eagle Harbor, Bainbridge Island | MLS# 1937286 $3,800,000 | ACTIVE

8 | 2022 Waterfront Report

hether you’re enhancing your waterfront

As a waterfront steward, you can design a natural

property to enjoy your beach or preparing

shoreline that protects your home and echoes the

it to sell, with the luxury of waterfront living also comes

natural environment—native vegetation is exceptional

incredible ecological responsibility. Waterfront living often

in its ability to hold soils together, stabilize slopes, and

means becoming a steward of the shoreline, the tidelands,

absorb rainwater. Good design practices include small-

and your wildlife neighbors. But what does that entail?

scale planting, much of which can likely be done without

EMBRACE THE NATURAL BEAUTY OF THE SHORELINE.

professional guidance. However, if erosion is a concern, a professional is recommended to consult on adding things like drainage to your garden.

Whether a home sits on a Puget Sound beach, a high bank, or even a cliff above it, there are steps to take to make sure you are protecting your home, while also responsibly taking care of the sea and its wildlife just outside your door. Much of that has to do with the relationship between the homeowner and their shoreline.

Preparing to market your waterfront home sale is a unique endeavor—you are not only putting your home on the market but a whole lifestyle. Waterfront living comes with a natural environment that may include wildlife by land, air, and sea, from soaring eagles to deer, otters, and oysters. Natural beaches and shores are appealing to buyers,

Stewardship of a waterfront property goes hand in hand with protecting your home and creating a safe environment for you and the sea to thrive. As a longtime resident, you may notice how your waterfront changes

and, when thoughtfully cared for, are most cost efficient to maintain. Your shoreline is one of the most valuable natural assets when marketing your waterfront home. You are searching for its next steward.

over time. Taking photographs of your shoreline from the same location seasonally, as well as after major storms, will provide you with some additional perspective on how this gradual change is taking shape over time and help you better understand what you need to do to protect your home. Such assessments can be done through these casual observations, however, your real estate advisor can connect you with professionals who understand the goals of maintaining the natural environment and protecting your home, as well as the sea. While bulkheads have been a popular solution to protecting waterfront property along the Sound, many have sought to replace them with elements designed to be more functional and attractive, all while providing more protection for the natural environment. These shoreline techniques can be as effective as bulkheads at protecting property, but they also preserve and/or mimic natural shoreline characteristics. When necessary, hard armoring the shoreline to protect your home should be done as high

FEATURED LISTING: Shaw Island 98286 | MLS# 1935338 $5,750,000 | PENDING

up the beach as possible. rsirwaterfront.com | 9

Waterfront Lock-And-Leave Living LIFE AT THE EDGE OF THE SHORE

By Alyssa Morrison Brand Communications Editor

Top: Exterior at Infinity Shore Club Residences on Alki Beach

infinityshoreclub.com

here is a certain luxury to being able to leave

If you dream of living on the water without the maintenance

worries behind, whether you’re out and about for an

of a waterfront home—or would just prefer to live on the

afternoon at the beach or on your boat, or are traveling to an

water and in the city, there are condo developments that

exotic location for a well-deserved vacation. Worries about

suit every style, match every need, and sit on region’s many

who will tend the yard or garden, where a package gets left on

waterfronts, ready for any buyer to choose from. A condo

delivery, and other mundane, everyday concerns aren’t as big

residence is an easy choice for those looking to smart-size

of a deal when you live in a condominium. This is the reason

their home or those who plan to travel. It’s also a savvy

so many, from retirees to mobile millennials, are drawn to the

choice for investing or building equity, as a waterfront

lock-and-leave lifestyle.

address never goes out of style.

10 | 2022 Waterfront Report

ALKI IS A MIX OF MID-CENTURY BUNGALOWS, MEDIUM-RISE WATERFRONT APARTMENTS AND CONDOMINIUMS, WATERFRONT BUSINESSES, AND A BIKE/FOOT TRAIL TUCKED NEATLY BETWEEN THE NARROW ROAD AND A SLIM BEACH FOR SEVERAL MILES.

Alki is a mix of mid-century bungalows, medium-rise

interior common areas and 13,800 square feet of exterior

waterfront apartments and condominiums, waterfront

amenities are accessible to the limited number of future

businesses, and a bike/foot trail tucked neatly between the

residents and their guests. Drama and style define a sense

narrow road and a slim beach for several miles.

of arrival with a striking water feature and an infinity edge

It’s also home to Infinity Shore Club Residences, now available for presale, with completion scheduled for summer 2022. Benefiting from a broad, five-lot perch along the shoreline of Alki Beach’s boardwalk, Infinity Shore Club Residences is a sterling glass, steel, and concrete landmark by Tiscareno Architects, with home designs conceived by Susan Marinello Interiors. Inspired by the natural beauty of the surrounding beach, the six-story community features larger format, one- and two-level condominium estates. Two elevator banks service fewer than 20 homes each,

pool—the project’s namesake, as well as describing the residence’s enduring views. Each home features soaring ceiling heights and walls of glass and Nanawall™ window systems, which fold open to let the sea breeze in and create indoor/outdoor living in all seasons on the generously scaled, covered patios. Its high-quality concrete-and-steel construction rivals premium high-rises, ensuring that this is a home built for this generation and beyond. It’s resortinspired living, whether you plan to make it your full or part-time abode.

while more than 4,250 square feet of thoughtfully curated rsirwaterfront.com | 11

Celebrated for its ability to perfectly toe the line between suburban and urban, Madison Park is ideal for those who love to explore the city and all it has to offer. The Washington Park Arboretum and Botanical Gardens are nearby, and plant-lovers can take a relaxing tour through the Seattle Japanese Garden. Outdoorsy residents can also enjoy the splendor of Lake Washington on a sunny afternoon at Madison Park Beach. Offering a handful of condominium options that display the same uninterrupted views as a floating home (because similarly, though not the same, they were built on a pier) buildings like Lakeshore West and other developments of the same era provide Mid-Century Modern vibes amid Northwest style and Lake Washington views. Washington Park Tower, provides a more timeless look, and with 22 floors, offers in-city luxury adjacent to waterfront exploits. The open floor plans in each of the 57 residences offer floor-to-ceiling windows, flooding homes with light and spectacular water vistas. For those who seek to be at the center of it all, the clear choice may be the hustle and bustle of Seattle’s downtown waterfront. And, there’s never been a better time to lock in a home here. With Seattle’s Waterfront Project at its midway point, an investment in a residence that looks out over the Seattle piers will likely see steady equity gains as the waterfront project is completed in 2025. If a pied-aterre with a side of VRBO is on a buyer’s mind, this visitorcentric location may be just the spot. But as with any investment property that is also a part of an HOA, be sure to read the bylaws carefully, as rental caps or other rules could make renting out your home untenable. Waterfront Landings residents not only live across the street from Elliott Bay, but they also live within minutes of Pike Place Market. Just imagine picking up fresh dinner ingredients from the market on a whim—plus, joining a

Top: Ferris wheel at Pier 57 on Elliott Bay in Seattle

community of residents who embrace all that downtown

Bottom Left: Bellevue Downtown Park

waterfront living has to offer. Of the three condominium

Bottom Right: Exterior at Infinity Shore Club Residences on Alki Beach

buildings with 232 units, a 24/7 concierge isn’t the only 12 | 2022 Waterfront Report

Each home inside Infinity Shore Club Residences features soaring ceiling heights and walls of glass and Nanawall™ window systems, which fold open to let the sea breeze in and create indoor/outdoor living in all seasons on the generously scaled, covered patios. Its high-quality concrete-and-steel construction rivals premium high-rises, ensuring that this is a home built for this generation and beyond. It’s resort-inspired living, whether you plan to make it your full or part-time abode.

familiar face you could get to know. A social committee organizes annual events for residences, including a holiday party and a summer solstice celebration. And of course, these are only a sliver of the residences that offer a lock-and-leave waterfront living option for you to explore. We haven’t even begun to touch on the options in Bellevue, from Sammamish Shores to Lake Bellevue Village and Bayshore East on Meydenbauer Bay. In Seattle, whether you’re looking for a home near Golden Gardens in Ballard at Sunset West, or would prefer the quiet of Bitter Lake, the bustling boat traffic of Portage Bay, or something unexpected in South Seattle, there are options all around. When you’re ready to escape, your worries about who will mow the lawn or take the mail in are unnecessary. Your home is beautiful and convenient.

rsirwaterfront.com | 13

Floating Homes AN EXPLORATION OF THE FLOATING HOME REAL ESTATE MARKET

By Danny Varona & Jay Kipp Realogics Sotheby's International Realty brokers

FEATURED LISTING: Lake Union, Seattle MLS# 1953847 $2,500,000 | ACTIVE

* This analysis is exclusive to Floating Homes and it does not include "House Barges", (that is, Floating on Water Residences (FOWRs), Registered Barges, and Vessels with Dwelling Unites (VDU). 14 | 2022 Waterfront Report

anny Varona, Jay Kipp, and Realogics Sotheby's International Realty proudly present this in depth

exploration of the floating home real estate market. With demand reaching record levels amidst an unprecedented

Floating homes are selling significantly faster every year. In 2021, floating homes sold in just 12 days (median), compared to 24 days in 2020, and 53 days in 2019.

number of sales, this past year has been a busy one. The report follows the trends that are likely to shape the floating home market in 2022. This data, insights, and reflections on recent market trends are a must-read for floating home owners, sellers, and buyers.

OVERVIEW 2021 marked another excellent year for the floating home market in Seattle. A record 39 floating homes sold in 2021, beating the previous year's record of 33 sales, and twice the number of sales when compared to 2019 when only 20 floating homes changed hands*. The unprecedented up-tick in sales activity is in line with "the great reshuffling" nationwide as a direct result of the pandemic. Flexible work-from-home policies, social isolation, and travel restrictions among other factors have made "home" more important than ever and many are on the move to find the right fit. Despite the record number of floating homes offered for sale, inventory levels remained low throughout the year thanks to the most robust buyer demand we have seen in recent history. In fact, competition for floating homes in 2021 was fierce with 34% of floating homes selling over the asking price due to bidding wars. The average price escalation as a result of bidding wars was 16%. This is in stark comparison to 2020 when only 8% of floating homes for sale enjoyed a bidding war, and the average escalated price was just 8%. Moreover, floating homes are selling significantly faster every year. In 2021, floating homes sold in just 12 days, compared to 24 days in 2020, and 53 days in 2019. In other words, every year it takes half the time to sell a floating home compared to the previous year.

rsirwaterfront.com | 15

While many floating homes sold after just a few weeks on the market, some sat on the market between 112 and 184 days or failed to sell despite very favorable market conditions. The most effective way to avoid languishing on the market is to work with a floating home expert who will help you skilfully prepare, strategically price, and aggresively market your home.

2022 OUTLOOK Short of a major change in the trajectory of the pandemic or other unforeseen events, the floating home market is poised for another year of growth in 2022. Early conversations with our prospective buyers and sellers indicate strong demand for floating homes amidst record-low inventory which will likely manifest itself in another year of bidding wars and systemic appreciation. With today's strong buyer demand and limited inventory, floating homes can sell with great success but accurately pricing and properly presenting properties remains key. If you are considering selling your floating home this year, we welcome the opportunity to meet with you and collabratively craft a custom listing plan and marketing package that leverages the power of Sotheby's International Realty – the most trusted and largest luxury real estate firm worldwide.

16 | 2022 Waterfront Report

FEATURED LISTING: Lake Union, Seattle MLS# 1884160 $3,600,000 | SOLD rsirwaterfront.com | 17

Essential Knots Each type of knot used by sailors serves a purpose and knowing how to tie it is crucial knowledge to possess when sailing. Ropes and knots aboard a ship have a unique and ancient history and without them, sailing would never have developed into the pastime we love today. It is useful to remember the words of Clifford W. Ashley when learning the basics of how to tie essential nautical knots: “a knot is never “nearly right”; it is either exactly right or it is hopelessly wrong, one or the other; there is nothing in between. This is not the impossibly high standard of the idealist, it is a mere fact for

FEATURED LISTING:

the realist to face.”

Lake Sammamish, Issaquah MLS# 1933709 $3,200,000 | ACTIVE

FEATURED LISTING: Medina, Issaquah MLS# 1912585 $21,500,000 | ACTIVE

18 | 2022 Waterfront Report

Figure-Eight Knot

Two Half-Hitches

Bowline

Overhand Knot

Double Overhand Knot

Square Knot

Running Knot

Sheet Bend Knot rsirwaterfront.com | 19

County Overview

King County

Snohomish County

Clallam County

Jefferson County

Island County

San Juan County

20 | 2022 Waterfront Report

A 5-YEAR SEASONAL VIEW ON THE LISTING AND SELLING TRENDS ACROSS WASHINGTON New listings and closed sales 2016-2022, data courtesy Trendgraphix.

Pierce County

Kitsap County

Grays Harbor County

Pacific County

Whatcom County

Skagit County rsirwaterfront.com | 21

KING COUNTY In 2021, the number of closed waterfront home sales peaked in June, with July a close second. That’s when the median sold price peaked as well. It was in the seven figures in May, June, August, and September.

FEATURED LISTING: West Lake Sammamish, Bellevue | MLS# 1911306 $6,495,000 | ACTIVE

SNOHOMISH COUNTY With plenty of waterfront opportunities along the Puget Sound, plus serene, beautiful lakeside homes that dot the landscape, 2021 closed sales peaked in July. The median closed sold price, however, peaked in December, following the more general trends across property types as inventory shrank and demand increased in the housing market.

FEATURED LISTING: Lake Kayak, Monroe | MLS# 1863761 $1,125,000 | SOLD

22 | 2022 Waterfront Report

PIERCE COUNTY Inventory of waterfront homes in Pierce County increased in February of 2022, with more than two months available—more than the county had seen during all of 2021. The median sold price ebbed and flowed over the last 15 months, but it peaked in June at over $1 million.

FEATURED LISTING: American Lake, Lakewood | MLS# 1943192 $1,825,000 | ACTIVE

KITSAP COUNTY Bainbridge Island drives the highest waterfront prices in Kitsap County, but coveted residential shorelines are found all over the region. The median sold price peaked in July, but August saw the highest number of sales closings.

FEATURED LISTING: Winslow, Bainbridge Island | MLS# 1946091 $2,090,000 | ACTIVE

rsirwaterfront.com | 23

CLALLAM COUNTY With the majority of its waterfront homes perched along the Salish Sea and the Pacific Ocean, the last 15 months only saw a total of 115 closed home sales across the entire area. Still, closings peaked in July at 16.

JEFFERSON COUNTY

FEATURED LISTING:

With its rare and coveted oceanfront homes, Jefferson County

Agnew, Port Angeles | MLS# 1794302

saw a slim number of closed home sales over the past 15

$1,510,000 | SOLD

months, just 123. While the number of homes closed peaked in the August of 2021, interested buyers sought Jefferson County in the first part of 2022, seeing climbing median sales prices and more activity year over year.

FEATURED LISTING: Port Ludlow | MLS# 1676409 $2,700,000 | SOLD

24 | 2022 Waterfront Report

GRAYS HARBOR COUNTY Home to local vacation destination Ocean Shores, as well as several other sought-after seaside towns, closed sales peaked in October, even though new listings peaked in July. Although, the median sold price stayed relatively flat over the last 15 months.

FEATURED LISTING: Grays Harbor City, Hoquiam | MLS# 1900504 $2,288,000 | SOLD

PACIFIC COUNTY Whether in search of property on Willapa Bay or the Pacific Ocean, inventory saw a sharp increase in July 2021, with new listings up and closed sales down. Closed home sales peaked in August and the median sold price peaked in September, which saw 12 closings compared to the previous month’s 13.

FEATURED LISTING: Long Beach, Ocean Park | MLS# 1911636 $1,195,000 | PENDING

rsirwaterfront.com | 25

ISLAND COUNTY Over the last 15 months, inventory peaked in February of 2021 and became increasingly anemic, with just .4 months of inventory available in the first quarter of 2022. With so little available in early 2022, it's no surprise that it also led to closed median sales prices ticking up to over $1.3 million.

NUMBER OF HOMES

FEATURED LISTING: South Camano, Camano Island | MLS# 1926639

$1,645,000 | ACTIVE 20

MAR 2017

AUG 2017

JAN 2018

JUN 2018

NOV 2018

APR 2019

SEP 2019

FEB 2020

JUL 2020

DEC 2020

MAY 2021

OCT 2021

MAR 2022

WHATCOM COUNTY April and May of 2021 saw a peak in closed home sales, though the median sold price didn’t peak until November when more inventory was available. While new listings peaked in the spring, plenty of activity in the fall and early winter from both sellers and buyers kept the inventory near 1.5 months.

NUMBER OF HOMES

FEATURED LISTING:

VACL, Bellingham | MLS# 941429 0

MAR 2017

AUG 2017

JAN 2018

JUN 2018

NOV 2018

26 | 2022 Waterfront Report

APR 2019

SEP 2019

FEB 2020

JUL 2020

DEC 2020

MAY 2021

OCT 2021

MAR 2022

$2,350,000 | SOLD

SAN JUAN COUNTY The number of homes for sale peaked in August of last year, but the number of closed sales peaked in June—prompting momentum to make moves in San Juan real estate as early in the year as possible. With a variety of price points and property types, the median sales price varied wildly from month to month, as did the months of inventory.

FEATURED LISTING: Deer Harbor, Orcas Island | MLS# 1004812 $10,097,080 | SOLD

SKAGIT COUNTY New listings peaked in July and, unsurprisingly in 2021’s motivated market, closed sales peaked the following month. The highest median sold price over the last 15 months came in October and hitting seven figures, demonstrates the desire for waterfront Skagit property.

FEATURED LISTING: Guemes Island | MLS# 1951956 $4,495,000 | ACTIVE

rsirwaterfront.com | 27

Featured Waterfronts WESTERN WASHINGTON'S MOST COVETED SHORELINES

FEATURED LISTING: Shaw Island | MLS# 1935338 $5,750,000 | PENDING

28 | 2022 Waterfront Report

PUGET SOUND Arguably one of the most photographed waterways in the world, the Puget Sound is an inlet of the Pacific Ocean and is adjoined by multiple channels and straits as part of the Salish Sea. Home to a complex population of marine life due to its fresh and salt waters, the Puget Sound is as beautiful as it is fascinating for residents and visitors to the Pacific Northwest. There are multiple places to explore sea creatures like anemones and starfish, and if you have ever been curious about clam digging, there are several public beaches where you can roll up your sleeves and give it a try. Among the sound’s most well-known, part-time residents are the beloved and awe-inspiring Orca that travel through at different times of the year. View them from the shores of West Seattle and the coasts of the sound’s 35 islands including Vashon, Whidbey, and Bainbridge Islands. The homes that dot the shores of the Puget Sound are as diverse as its waters. The sound extends nearly 100 miles from Deception Pass to Olympia, accompanied by a broad collection of architectural styles, water access, beaches, and banks. You will find idyllic estates on Bainbridge Island, rustic beach cabins in Hood Canal, and historic homes at the entrance of the Puget Sound in Port Townsend. Across the shorelines, there are plenty of options across a variety of price points. Inter-island travel is popular for commuters and weekend adventurers on their way to the Olympic Peninsula by of the Washington State Ferries, which travel regularly from Seattle and make for a great day trip for the views alone. Some of these more remote waterfront homes, however, offer additional commuting options by way of docks befitting yachts or seaplanes. The epitome of privacy may be in one's own private island but, next in luxury is a sail-in, fly-in private entrance. The Puget Sound is a true gem in the Northwest with unlimited possibilities for discovery. You could live a lifetime in the area and still find something new to explore here every day. rsirwaterfront.com | 29

LAKE WASHINGTON Fed by the Sammamish and Cedar Rivers and spanning 34 miles, Lake Washington is the largest lake in King County. A ribbon lake bordering cities on the east and west sides, the lake is known for its stunning mountain and city views and endless opportunities for aquatic recreation. From sailing and rowing to wakeboarding and water skiing, there is a little something for every type of lake enthusiast. Considered some of the state’s most coveted waterfront real estate, Lake

beautiful island community with miles of lakefront parks and homes that seamlessly co-exist in nature. Eastside cities include Bellevue, Kirkland, and Yarrow Point where you can find popular eating and shopping destinations, such as downtown Kirkland and Old Town Bellevue, and well-loved destinations like Meydenbauer Park and Bay. The Landing in Renton is quickly becoming a favorite hot spot for weekend visitors and locals alike.

Washington property is sought after by buyers from around the world.

Popular landmarks on the lake include The ASUW Shell House, the first University of Washington building to be

On the west side of the lake, there are multiple Seattle neighborhoods and parks that access the shoreline. Seward Park and Rainier Beach to the south and to the north, and Madrona, Leschi, and Magnuson Park to name just a few. Venerable craftsman and beach bungalows to NW Moderns and new construction farmhouses can be found up and down the shoreline. Many offer shared and private beach access with docks. Both Lake Forest Park

placed on the National Register of Historic Places and the first UW building to become a Seattle landmark, Washington Park Arboretum, Magnuson Park as well as Boeing, and the Seattle Seahawks training facility. Seafair, an unofficial Seattle holiday, is an annual event where boats come out in droves and spectators line the shores to watch the world’s fastest boats race in the HomeStreet Bank Cup and the U.S. Navy’s Blue Angels Air Show.

and Kenmore meet the most northern point and Renton anchors the south. The Burke Gilman trail follows the lake, serving as a popular path for walkers, runners, skaters, and cyclists year-round. Two floating bridges connect the east and west sides of Lake Washington and Mercer Island, a 30 | 2022 Waterfront Report

Life on the lake is synonymous with Seattle’s beauty, history, leisure, and entertainment.

COASTAL The varied waterways explored in the report are almost all connected to the Pacific Ocean. Whether seeking a destination on the west coast or adventure among the port towns whose storied history welcomed sailors and explorers for a bit of respite, these destinations beckon those who dream of living amongst endless water views, the smell of the salty air, and the sweet ocean breeze. Heading north out of the Puget Sound, one encounters the charming towns of Port Townsend and Port Angeles before cutting towards the Pacific Ocean at the most northern part of the Salish Sea. Much of the Olympic Peninsula is home to the Olympic National Forest, a beautiful and protected area. For those looking to live on the ocean but within an easy drive of the United States’ only temperate rain forest, you’ll need to head south to Pacific Beach, Ocean Shores, and Long Beach, with many waterfront living opportunities in between. Among these three cities, sandy beaches are common, perfect for going barefoot on a sunny summer day. Private access to a piece of the Pacific means living amid breathtaking sunsets and serenity that’s accompanied by the sound of crashing waves.

FEATURED LISTING: Top Left: Mercer Island | MLS# 1924598 $9,500,000 | ACTIVE Right: Port Angeles | MLS# 1893198 $2,998,000 | ACTIVE

rsirwaterfront.com | 31

‘22

Waterfront Market Report rsirwaterfront.com

SEATTLE

Ballard & Magnolia Sellers were motivated in the area from January 2021-March 2022. Sixteen sales closed, 78% more closed sales than the

MEDIAN SALES PRICE Single-Family Homes ↑(27.64%)

$2.778M

$2.176

20212022

20 20

year before, and the largest number of closings for this area over the past five years. The median sold price of waterfront estates climbed by over 27%. The price per square foot saw similar increases, though at a slower pace, at only 14%. Much

AVERAGE LINEAR WATERFRONT FOOTAGE

has been made about the reasons this corner of the Seattle real estate market may have seen more movement over the last year. We can’t say for sure whether sellers had political

FT.

2022-2021

motivations or that buyers were taking advantage of historically

FT.

2020

107

FT.

2019

low interest rates. But as the market continues to shift and with the history of these luxury waterfront properties sitting on the market more than their inland residential neighbors, having a

AVERAGE DAYS ON MARKET

marketing plan that includes global reach is crucial for any

seller tempted to list their home in the coming months.

2022 - 2021

STATE OF THE MARKET

(Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory)

Single-Family Homes ↑(21.36%)

$920

NEUTRAL

$809

SQ. FT.

2022-2021

R YE BU

3.7

RKET MA ’S

SELLE R’S MA RK ET

2019

AVERAGE PRICE PER SQUARE FOOT

3.7 months of inventory - Neutral Market

NEUTRAL MARKET

SQ. FT.

2020

2018-2022

MONTHS OF SUPPLY

Top Three Waterfront Sales In 2021

1 2 3

2020

BALLARD & MAGNOLIA NEW LISTINGS VS. CLOSED SALES

20 15

4751 W Ruffner Street, Seattle MLS# 1603116 | $6,300,000

3035 W Galer Street, Seattle MLS# 1839079 | $4,500,000

4570 W Cramer Street, Seattle MLS# 1802326 | $3,998,000

10 5

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

Data and stats provided by the Northwest Multiple Listing Service, with the exception of new listings and months of inventory, provided by Trendgraphix. Data indicated as 2021-2022 include January 1, 2021 through March 31, 2022. Area stats provided are for communities Magnolia, Ballard, and North Beach.

‘22

Waterfront Market Report rsirwaterfront.com

SEATTLE

Northwest Lake Washington The average percent paid of the listing price here ticked up between 2020 and 2021 by five points, suggesting bidding wars

MEDIAN SALES PRICE Single-Family Homes ↑(8.67%)

$2.062M

$1.897M

20212022

20 20

for these limited Lake Washington waterfront properties. The number of closed sales was up 120% in that same time frame, implying fierce buyer demand, though days on market averaged 27, January 2021 through March 2022 and inventory averaged

AVERAGE LINEAR WATERFRONT FOOTAGE

2.3 months, which may suggest that the pace was not as hot as it might have been in other markets. For these slices of urban paradise, the average linear footage is less than it might be in

FT.

2022-2021

other communities in Seattle. Over the past three years, the

FT.

2020

FT.

2019

average linear footage has been 60 feet, 69 feet, and 56 feet. Luxury listings certainly rose to the top of the waterfront sales last year, with an undisclosed address selling for just north of $30

AVERAGE DAYS ON MARKET

million. Varied like its waterfronts, a Lake Washington home may

offer moorage, a sandy beach, a modern manse, or something more humble—but the value of these homes continues to rise and have yet to show signs of slowing down with changing

2022 - 2021

2020

2019

market and economic conditions.

STATE OF THE MARKET

AVERAGE PRICE PER SQUARE FOOT

2.1 months of inventory - Seller’s Market (Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory) NEUTRAL

Single-Family Homes ↓(-4.62%)

$1,189

SQ. FT.

R YE BU

2.1

RKET MA ’S

SELLE R’S MA RK ET

2022-2021

MONTHS OF SUPPLY

$1,246

SQ. FT.

2020

2018-2022

NORTHEAST & CENTRAL SEATTLE NEW LISTINGS VS. CLOSED SALES

90 80

SELLER’S MARKET

Top Three Waterfront Sales In 2021

1 2 3

70 60 50 40

10521 RS Undisclosed, Seattle

MLS# 1849421 | $14,850,000

3048 E Laurelhurst Drive NE, Seattle MLS# 1910399 | $8,875,000

3129 W Laurelhurst Drive NE, Seattle MLS# 1840540 | $7,875,000

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

‘22

Waterfront Market Report rsirwaterfront.com

SEATTLE

Southwest Lake Washington The average price per square foot ticked down between 2020 and 2021 by just 2.7%. The median sales price for these

MEDIAN SALES PRICE Single-Family Homes ↑(12.50%)

$2.025M

$1.8M

20212022

20 20

waterfront homes in Seattle rose to 12.5%, a relatively small amount compared to the median sold price gains seen in other communities explored in this report. Still, the average percent of the listing price does indicate that buyers were competing for

AVERAGE LINEAR WATERFRONT FOOTAGE

these waterfront homes, up to 100% from 97% in 2020. The days on market dropped year over year from 118 days in 2020 to just 41. The market was certainly heating up, though the pressure on

FT.

2022-2021

buyers searching for their perfect piece of Lake Washington

FT.

2020

FT.

2019

shoreline was not as intense as those competing in some other residential markets. Few new listings have hit the market here in 2022. For sellers sitting on the fence thinking about selling in this

AVERAGE DAYS ON MARKET

community, now may be a perfect time. Despite a changing

market and economic outlook, being one of the few on the market could certainly have its advantages.

118

2022 - 2021

STATE OF THE MARKET

(Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory)

Single-Family Homes ↓(-2.74%)

$747

NEUTRAL

$768

SQ. FT.

2022-2021

R YE BU

1.8

RKET MA ’S

SELLE R’S MA RK ET

2019

AVERAGE PRICE PER SQUARE FOOT

1.8 months of inventory - Seller’s Market

SELLER’S MARKET

SQ. FT.

2020

2018-2022

MONTHS OF SUPPLY

Top Three Waterfront Sales In 2021

1 2 3

2020

SOUTHEAST SEATTLE NEW LISTINGS VS. CLOSED SALES

20 15

7920 1/2 Seward Park Avenue S, Seattle MLS# 1850255 | $3,960,000

8668 Island Drive S, Seattle MLS# 1777229 | $3,800,000

5357 S Kenyon Street, Seattle MLS# 1827176 | $3,725,000

10 5

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

‘22

Waterfront Market Report rsirwaterfront.com

SEATTLE

West Seattle

MEDIAN SALES PRICE Single-Family Homes ↓(-11.67%)

West Seattle may not be an “island” for much longer, but the median prices of its waterfront may be an indication of the literal

$2.385M

$2.7M

20212022

20 20

barriers to entry in this community. The median sales price fell by 11% to $2.385 million from January 2021 through March 2022, compared to $2.7 million in 2020. Still, the average price per square foot ticked up 5% and the average percent of the asking

AVERAGE LINEAR WATERFRONT FOOTAGE

price implied competition, up to 102% on average over the last year, from 98% in 2020. The amount of inventory also fell. In 2020, there was an average of 4.3 months of inventory available,

FT.

2022-2021

and in the following year and a quarter, the average fell to just 1.8

FT.

2020

FT.

2019

months. Currently, there are three months of inventory available, but with hope on the rise for all West Seattle residents as the bridge that connects their prized community is now slated to

AVERAGE DAYS ON MARKET

open in September of 2022 and a shifting economic outlook, it

wouldn’t be surprising to see median sold prices and the average price per square foot tick up.

2022 - 2021

STATE OF THE MARKET

2019

AVERAGE PRICE PER SQUARE FOOT

3.0 months of inventory - Seller’s Market (Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory)

Single-Family Homes ↑(105.04%)

$842

NEUTRAL

$802

SQ. FT.

2022-2021

R YE BU

3.0

RKET MA ’S

SELLE R’S MA RK ET

2020

MONTHS OF SUPPLY

SELLER’S MARKET

SQ. FT.

2020

2018-2022

WEST SEATTLE NEW LISTINGS VS. CLOSED SALES

35 30 25

Top Three Waterfront Sales In 2021

1 2 3

6783 Beach Drive SW, Seattle MLS# 1741671 | $4,200,000

11051 Arroyo Beach Place SW, Seattle MLS# 1738199 | $3,050,000

5049 Beach Drive SW, Seattle MLS# 1788246 | $3,000,000

20 15 10 5

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

‘22 Bainbridge Island When 2021 kicked off with the highest sold price for a Bainbridge Island waterfront property ever, a home with extraordinary

Waterfront Market Report rsirwaterfront.com

MEDIAN SALES PRICE Single-Family Homes ↑(21.29%)

$2.25M

$1.855M

20212022

20 20

gardens on Bean’s Bight Road, represented by Realogics Sotheby’s International Realty real estate advisors, it was an indicator of an interesting start to the year. The last year and a quarter saw 75 new listings, which is not too shabby compared to 2020’s 73 listings, with the number of closed sales down by just 4%. The median sales price of Bainbridge’s waterfront homes and the price per square foot fell in step too—both up by 21% and

AVERAGE LINEAR WATERFRONT FOOTAGE

112

127

FT.

2022-2021

22%, respectively. Inventory here was pinched, just as it was

122

FT.

2020

FT.

2019

elsewhere around the region, and the number of days on market was down by nearly 70%. As the market continues to shift, consult your global real estate advisor on how to list and market

AVERAGE DAYS ON MARKET

your piece of Bainbridge Island shoreline. With its short ferry

commute to Seattle, the area continues to be in demand despite escalating interest rates. Portfolio managers generally agree that where one lives, after all, is one of the soundest investments that

2022 - 2021

2020

2019

can be made.

STATE OF THE MARKET

AVERAGE PRICE PER SQUARE FOOT

1.8 months of inventory - Neutral Market (Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory)

Single-Family Homes ↑(22.12%)

$830

NEUTRAL

$680

SQ. FT.

R YE BU

1.8

RKET MA ’S

SELLE R’S MA RK ET

2022-2021

MONTHS OF SUPPLY

NEUTRAL MARKET

Top Three Waterfront Sales In 2021

1 2 3

1792 Beans Bight Road NE, Bainbridge Island*

2018-2022 100 90 80 70 60 50 40 30 20

MLS# 1775658 | $4,320,000

BAINBRIDGE ISLAND NEW LISTINGS VS. CLOSED SALES

110

5905 Rose Loop NE, Bainbridge Island 3822 Point White Drive NE, Bainbridge Island

2020

120

MLS# 1644894 | $7,600,000 MLS# 1687681 | $5,495,000

SQ. FT.

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

Data and stats provided by the Northwest Multiple Listing Service, with the exception of new listings and months of inventory, provided by Trendgraphix. Data indicated as 2021-2022 include January 1, 2021 through March 31, 2022. Area stats provided are Bainbridge Island Area 170. *Represents Realogics Sotheby’s International Realty sales.

‘22 Bellevue

Waterfront Market Report rsirwaterfront.com

MEDIAN SALES PRICE Single-Family Homes ↑(50.00%)

$5.25M

Forty-three residential waterfront homes sold in Bellevue between January 1, 2021 and March 31, 2022—and in 2020, only

$3.5M

20212022

20 20

27 waterfront sales closed. The number of new listings over these two years remained relatively flat, showing the buyer urgency that developed in 2021. In 2019, Bellevue’s waterfront homes were on the market for an average of 96 days, while in 2020 that

AVERAGE LINEAR WATERFRONT FOOTAGE

time on market tightened up to an average of 51 days. By 2021, sellers and buyers alike certainly felt the difference, with the average days on market at 21. And this urgency was experienced

FT.

2022-2021

across all price points. While luxury homes typically sit longer on

FT.

2020

FT.

2019

the market than a median-priced residential home, Bellevue’s highest-price sale closed in 2021 after just eight days on the market. (It was represented by a Realogics Sotheby’s

AVERAGE DAYS ON MARKET

International Realty real estate advisor). Bellevue’s residential

demand has rivaled and exceeded Seattle in recent years and that’s also evidenced in the average percent of the listing price. In 2020, Bellevue homes averaged 100% of the listing price while in

2022 - 2021

2020

2019

2021, the average was 104%.

STATE OF THE MARKET

AVERAGE PRICE PER SQUARE FOOT

1.9 months of inventory - Seller's Market (Based on June 2022 YTDT housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory)

Single-Family Homes ↓(-0.02%)

$983

NEUTRAL

$983

SQ. FT.

R YE BU

1.9

RKET MA ’S

SELLE R’S MA RK ET

2022-2021

MONTHS OF SUPPLY

SQ. FT.

2020

2018-2022

BELLEVUE NEW LISTINGS VS. CLOSED SALES

90 80

SELLER’S MARKET

Top Three Waterfront Sales In 2021

1 2 3

70 60 50 40

2011 100th Avenue SE*

MLS# 1810224 | $22,750,000

9603 Lake Washington Boulevard NE MLS# 1733678 | $11,250,000

15 Crescent Key MLS# 1886523 | $9,000,000

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

Data and stats provided by the Northwest Multiple Listing Service, with the exception of new listings and months of inventory, provided by Trendgraphix. Data indicated as 2021-2022 include January 1, 2021 through March 31, 2022. Area stats provided cover the city of Bellevue. *Represents Realogics Sotheby’s International Realty sales.

‘22 Camano Island

Waterfront Market Report rsirwaterfront.com

MEDIAN SALES PRICE Single-Family Homes ↑(18.88%)

$957K

Buyer demand for waterfront living on Camano Island was up in 2021, but unlike other communities, so was new listings traffic.

$805K

20212022

20 20

New listings were up by 20% year over year, and the number of closed sales went up even more. It was a seller’s market, and waterfront homeowners who listed through March 31, 2022 saw an advantage. The median sales price was up by almost 19% to

AVERAGE LINEAR WATERFRONT FOOTAGE

$957,000. The average price per square foot was up by almost 12%. And most telling, the average percent of the asking price was 106%–up from 99% the year before. Less than a month of

107

FT.

2022-2021

inventory was available from January 1, 2021 through March 31,

FT.

2020

FT.

2019

2022, on average. Escalating interest rates may impact the purchasing power of potential buyers on Camano, with a median sales price that’s less than a million. If you’re seeking a primary or

AVERAGE DAYS ON MARKET

second residence on the waters of Port Susan or Skagit Bay, or

are ready to list, RSIR brokers have proven results with two of the top three sales of the area represented by RSIR global real estate advisors.

2022 - 2021

STATE OF THE MARKET

(Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory)

Single-Family Homes ↑(11.75%)

$504

NEUTRAL

$451

SQ. FT.

R YE BU RKET MA ’S

SELLE R’S MA RK ET

2022-2021

MONTHS OF SUPPLY

SELLER’S MARKET

Top Three Waterfront Sales In 2021

1 2 3

2100 SE Breezy Point Road, Camano Island

110 100 90 80 70 60 50 40 30 20

1191 Orcas Drive, Camano Island*

CAMANO ISLAND NEW LISTINGS VS. CLOSED SALES

120

3454 S Camano Drive, Camano Island* MLS# 1753314 | $2,510,000

SQ. FT.

2020

2018-2022

MLS# 1784928 | $2,630,000

MLS# 1802143 | $2,475,000

2019

AVERAGE PRICE PER SQUARE FOOT

2.9 months of inventory - Seller's Market

2.9

2020

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

Data and stats provided by the Northwest Multiple Listing Service, with the exception of new listings and months of inventory, provided by Trendgraphix. Data indicated as 2021-2022 include January 1, 2021 through March 31, 2022. Area stats provided are Camano Island MLS Area 780. *Represents Realogics Sotheby’s International Realty sales.

‘22 Four Points

Waterfront Market Report rsirwaterfront.com

MEDIAN SALES PRICE Single-Family Homes ↑(1.32%)

$8.6M

The Four Points host some of the most luxurious and desired properties in the state. Year over year, the median sales price only

$8.488M

20212022

20 20

saw a slight increase from $8.488 million to $8.6 million. This market, perhaps more than any other examined by RSIR’s waterfront reporting, exemplifies the differences between Puget Sound real estate market and the Puget Sound luxury real estate

AVERAGE LINEAR WATERFRONT FOOTAGE

market. While many areas have seen an increase in the average percent of asking price, these markets saw a decrease. Between 2020 and 2021 plus the first quarter of 2022, the average price

FT.

2022-2021

per square foot of these homes saw a 19% increase, despite the

115

FT.

2020

FT.

2019

average percent of the asking price falling by three points compared to 2020, at 94%. In 2021, 17 new listings hit the market in these exclusive enclaves, with only 14 sales closing between

AVERAGE DAYS ON MARKET

2021 and March of 2022. Because the pace of real estate sales

125

and the considerations of buyers may be different from other micro-markets, the Four Points may see less upheaval amid our changing economic atmosphere.

2022 - 2021

STATE OF THE MARKET

(Based on 2021-March 2022 housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory) NEUTRAL

Single-Family Homes ↑(19.25%)

$2,255

SQ. FT.

2022-2021

R YE BU RKET MA ’S

SELLE R’S MA RK ET

2019

AVERAGE PRICE PER SQUARE FOOT

7.2 months of inventory - Buyer’s Market

7.2

101

2020

MONTHS OF SUPPLY

$1,891

SQ. FT.

2020

2018-2022

FOUR POINTS NEW LISTINGS VS. CLOSED SALES

45 40

BUYER’S MARKET

Top Three Waterfront Sales In 2021

1 2 3

35 30 25 20

4335 Hunts Point Rd, Hunts Point

MLS# 1795337 | $23,500,000

10262021 RES Undisclosed, Medina MLS# 1681602 | $20,000,000

2247 Evergreen Point Rd, Medina MLS# 1612766 | $18,150,000

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

Data and stats provided by the Northwest Multiple Listing Service, with the exception of new listings and months of inventory, provided by Trendgraphix. Data indicated as 2021-2022 include January 1, 2021 through March 31, 2022. Area stats provided include communities Medina, Hunts Point, Yarrow Point, and Clyde Hill. *Represents Realogics Sotheby’s International Realty sales.

‘22 Gig Harbor & Fox Island

Waterfront Market Report rsirwaterfront.com

MEDIAN SALES PRICE Single-Family Homes ↑(40.91%)

$1.55M

In 2020, the average days on market for a waterfront home in Gig Harbor or on Fox Island was 113—in 2021, that time shrank by

$1.1M

20212022

20 20

more than 75% to just 27 days on market. The number of closed sales stayed relatively flat over the last two years and climbed by over 20% from 2019. In 2020, when the median sales price was $1.1 million, the average percent of the asking price stood at

AVERAGE LINEAR WATERFRONT FOOTAGE

96%. In 2021, the median sales price climbed to $1.55 million and the average percent of the asking price was 103%. While the number of new listings and closings remained similar from year

113

FT.

2022-2021

to year in this area, it’s possible that the anxiety was felt

FT.

2020

FT.

2019

elsewhere in the market, and the sheer volume of competitive buyers entering the market escalated bidding wars. The changing market, including escalating interest rates, has the

AVERAGE DAYS ON MARKET

possibility of slowing down the steady momentum seen in Gig

Harbor and Fox Island real estate. However, as 2022’s economic outlook continues to shift, real estate continues to be estimated as a steady long-term investment.

113

2022 - 2021

STATE OF THE MARKET

(Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory)

Single-Family Homes ↑(32.63%)

$716

NEUTRAL

$477

SQ. FT.

2022-2021

R YE BU RKET MA ’S

SELLE R’S MA RK ET

2019

AVERAGE PRICE PER SQUARE FOOT

2.1 months of inventory - Seller's Market

2.1

139

2020

MONTHS OF SUPPLY

SELLER’S MARKET

SQ. FT.

2020

2018-2022

GIG HARBOR & FOX ISLAND NEW LISTINGS VS. CLOSED SALES

175 150 125

Top Three Waterfront Sales In 2021

1 2 3

3526 115th Avenue NW, Gig Harbor MLS# 1847391 | $4,850,000

2602 64th Street NW, Gig Harbor MLS# 1747090 | $3,450,000

7515 110th Street NW, Gig Harbor MLS# 1671086 | $3,300,000

100 75 50 25

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

Data and stats provided by the Northwest Multiple Listing Service, with the exception of new listings and months of inventory, provided by Trendgraphix. Data indicated as 2021-2022 include January 1, 2021 through March 31, 2022. Area stats provided are MLS Areas 1, 3, 5, 6, 7. *Represents Realogics Sotheby’s International Realty sales.

‘22 Kirkland

Waterfront Market Report rsirwaterfront.com

MEDIAN SALES PRICE Single-Family Homes ↑(21.83%)

$6M

The demand for Kirkland waterfront increased while new listings coming onto the market stayed relatively flat year over year. Finding

waterfront

opportunities

Kirkland

has

$4.925M

20212022

20 20

been

increasingly difficult since 2016 when 45 offerings came to market. In 2017, the number of new listings decreased by 17% to 27, and 2018 saw another significant decrease with only 29 new

AVERAGE LINEAR FOOTAGE (IN FEET)

listings coming to market. By 2021, with only 22 new listings available on the Northwest Multiple Listing Service, it appears that the decline of offerings wasn’t strictly pandemic related.

FT.

2022-2021

Still, between January 2021 and March 2022, 17 residential

FT.

2020

FT.

2019

waterfront sales closed, up from just the 11 that sold in 2020. And while the median sales price jumped significantly over that same period, from $4.925 million to $6 million, the price per square

AVERAGE DAYS ON MARKET

foot only inched up by a couple of percentage points from

$1,537.96 to $1,578.22. So how we do know that buyers are still clamoring for their piece of Kirkland shoreline? In addition to an average asking price of 103% of the list price last year, more new

2022 - 2021

2020

2019

listings closed than the year before.

STATE OF THE MARKET

AVERAGE PRICE PER SQUARE FOOT

3.5 months of inventory - Neutral Market (Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory) NEUTRAL

Single-Family Homes ↑(2.62%)

$1,578

SQ. FT.

R YE BU

3.5

RKET MA ’S

SELLE R’S MA RK ET

2022-2021

MONTHS OF SUPPLY

$1,538

SQ. FT.

2020

2018-2022

KIRKLAND NEW LISTINGS VS. CLOSED SALES

45 40

NEUTRAL MARKET

Top Three Waterfront Sales In 2021

1 2 3

35 30 25 20

9025 NE Juanita Lane, Kirkland

MLS# 1792834 | $7,115,000

303 Lake Avenue W, Kirkland MLS# 1849744 | $7,100,303

8245 NE Juanita Drive, Kirkland MLS# 1818927 | $7,000,000

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

‘22

Waterfront Market Report rsirwaterfront.com

EXCLUDING BAINBRIDGE ISLAND

Kitsap County

MEDIAN SALES PRICE Single-Family Homes ↑(21.95%)

Extraordinary properties await in communities like Indianola, which saw the highest closed sales price for a home ever there in

$900K

$738K

20212022

20 20

a sale represented by a Realogics Sotheby’s International Realty real estate advisor. The median price points remain in the six-figures, compared to Bainbridge Island’s waterfront homes where the median sold price is in the seven-figures and going up. Between 2020 and early 2022, median sales prices increased by over 20%, with the price per square foot going up more than 32%. The number of closed sales is up by 30%, though new listings year over year were down. While inventory remained low

AVERAGE LINEAR WATERFRONT FOOTAGE

115

112

FT.

2022-2021

FT.

2020

FT.

2019

throughout the year, with an average of 1.1 months of inventory in the last year and a quarter, the current inventory is ticking back up to two months, though a seller’s market remains. Whether

AVERAGE DAYS ON MARKET

seeking a primary residence or a local escape, there’s value in

this market that’s yet to be tapped.

2022 - 2021

STATE OF THE MARKET

(Based on 2021-March 2022 housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory)

Single-Family Homes ↑(32.63%)

$464

NEUTRAL

$350

SQ. FT.

R YE BU RKET MA ’S

SELLE R’S MA RK ET

2022-2021

MONTHS OF SUPPLY

SELLER’S MARKET

Top Three Waterfront Sales In 2021

1 2 3

25875 Canyon Road NW, Poulsbo MLS# 1879214 | $3,300,000

7178 NE William Rogers Road, Indianola* MLS# 1740654 | $3,225,000

8575 NE Seaview Avenue, Indianola MLS# 1859426 | $2,900,000

2019

AVERAGE PRICE PER SQUARE FOOT

1.1 months of inventory - Seller's Market

2.0

2020

2018-2022

SQ. FT.

2020

KITSAP COUNTY NEW LISTINGS VS. CLOSED SALES

400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 25

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

Data and stats provided by the Northwest Multiple Listing Service, with the exception of new listings and months of inventory, provided by Trendgraphix. Area stats provided are Kitsap County data includes NWMLS Area Kitsap County (excluding NWMLS Area 170 Bainbridge Island). *Represents Realogics Sotheby’s International Realty sales.

‘22 Mercer Island

Waterfront Market Report rsirwaterfront.com

MEDIAN SALES PRICE Single-Family Homes ↑(39.95%)

Lake Washington waterfront offerings on Mercer Island hit an all-time low with only 33 new listings hitting the market between

$6.368M

$4.55M

20212022

20 20

January 1, 2021, and March 31, 2022. It was the culmination of pent-up buyer demand, a market that encouraged buyers with historically low rates, and the cultural side effects of the pandemic making waterfront lifestyles on Mercer Island even

AVERAGE LINEAR WATERFRONT FOOTAGE

more desirable. Few homes languished on the market, and 30 closed home sales occurred in the last year and a quarter. And while the average percent of the asking price fell just below

FT.

2022-2021

100%, the median sold price was up nearly 40% year over year.

FT.

2020

FT.

2019

Likewise, the price per square foot of these Island retreats was also up even more so here by 68%. With limited inventory, the number of days on market decreased by more than 60%. What

AVERAGE DAYS ON MARKET

the future holds for this coveted market remains unclear. As of

June 1, 2022, just 10 waterfront homes on Mercer Island have been listed on the market. So while the fundamentals of the market may be shifting, the inventory and opportunity for this

2022 - 2021

2020

2019

coveted real estate investment are not.

STATE OF THE MARKET

AVERAGE PRICE PER SQUARE FOOT

1.1 months of inventory - Seller's Market (Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory) NEUTRAL

Single-Family Homes ↑(68.08%)

$1,666

$991

SQ. FT.

R YE BU

1.1

RKET MA ’S

SELLE R’S MA RK ET

2022-2021

MONTHS OF SUPPLY

SELLER’S MARKET

2018-2022

SQ. FT.

2020

MERCER ISLAND NEW LISTINGS VS. CLOSED SALES

70 60 50

Top Three Waterfront Sales In 2021

1 2 3

5045 Forest Avenue SE

40 30

MLS# 1726140 | $13,950,000

8908 N Mercer Way*

MLS# 1867475 | $11,625,000

8039 W Mercer Way* MLS# 1798323 | $10,300,000

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

Data and stats provided by the Northwest Multiple Listing Service, with the exception of new listings and months of inventory, provided by Trendgraphix. Area stats provided are Mercer Island, and Mercer Island Area 510. *Represents Realogics Sotheby’s International Realty sales.

‘22 Port Angeles

Waterfront Market Report rsirwaterfront.com

MEDIAN SALES PRICE Single-Family Homes ↑(47.96%)

$725K

Buyers sought Port Angeles waterfront escapes and median sales prices grew by almost 50% year over year. Between

$490K

20212022

20 20

January 2021 and March 2022, the median sold price reached $725,000 from $490,000, the median sold price of 2020. Two of the top three sales for that area exceeded $1.5 million, including one represented by Realogics Sotheby’s International Realty. This price growth is reflected in the price per square foot, which climbed nearly 33% to $400.42. New listings inventory dropped significantly in 2020 to 39. From 2016 to 2019, the new listings

AVERAGE LINEAR WATERFRONT FOOTAGE

148

318

FT.

2022-2021

per year were 41, 51, 59, and 45. In 2021, new listing inventory

FT.

2020

130

FT.

2019

grew to 48. While 3.5 months of inventory were available in 2020, the following year, plus the first quarter saw only 1.2 months of inventory. That tracks with the average number of days on

AVERAGE DAYS ON MARKET

market—in 2020, the average was 121 days but the following year

saw an average of just 18. Set on the Salish Sea, it’s an ideal spot for your own private shoreline. Over the last three years, the average waterfront sold has exceeded 100 feet per residence,

121

2022 - 2021

2020

2019

with the average linear footage in 2020 reaching 318.

STATE OF THE MARKET

AVERAGE PRICE PER SQUARE FOOT

2.6 months of inventory - Seller’s Market (Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory)

Single-Family Homes ↑(30.53%)

$400

NEUTRAL

$302

SQ. FT.

R YE BU

2.6

RKET MA ’S

SELLE R’S MA RK ET

2022-2021

MONTHS OF SUPPLY

SELLER’S MARKET

Top Three Waterfront Sales In 2021

1 2 3

73 Sea View Road, Port Angeles

55 50 45 40 35 30 25 20 15 10

MLS# 1789897 | $1,297,500

PORT ANGELES NEW LISTINGS VS. CLOSED SALES

127 Maritime Drive, Port Angeles* 253 Seal Rock Road, Port Angeles

2020

2018-2022

MLS# 1773954 | $1,550,000 MLS# 1794302 | $1,510,000

SQ. FT.

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

Data and stats provided by the Northwest Multiple Listing Service, with the exception of new listings and months of inventory, provided by Trendgraphix. Data indicated as 2021-2022 include January 1, 2021 through March 31, 2022. Area stats provided include Port Angeles. *Represents Realogics Sotheby’s International Realty sales.

‘22 Redmond

Waterfront Market Report rsirwaterfront.com

MEDIAN SALES PRICE Single-Family Homes ↑(3.69%)

From January 2021 through March 2022, 28 new listings hit the market in Redmond, and yet only nine sales closed. This trend of

$1.825M

$1.76M

20212022

20 20

significantly more new listings than closed sales has been persistent over the last three years. However, in this area, the average percent of the asking price grew by more than seven points between 2020 and 2021. In 2021 plus the first quarter of

AVERAGE LINEAR WATERFRONT FOOTAGE

2022, the average inventory was .9 months, though the average the year before was 3.4. Listing now may be tricky, as the year-to-date inventory is 4.6 months, a sign of a neutral market.

100

FT.

2022-2021

Of the three most significant sales in Redmond in 2021, the top

FT.

2020

100

FT.

2019

sale was set on Lake Sammamish and sold by a Realogics Sotheby’s International Realty real estate advisor. The local experts who understand the Redmond market will be key as the

AVERAGE DAYS ON MARKET

market fundamentals shift, including rising interest rates and a

less predictable stock market.

2022 - 2021

STATE OF THE MARKET

(Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory)

Single-Family Homes ↓(-1.19%)

$699

NEUTRAL

$707

SQ. FT.

2022-2021

R YE BU RKET MA ’S

SELLE R’S MA RK ET

2019

AVERAGE PRICE PER SQUARE FOOT

4.6 months of inventory - Neutral Market

4.6

2020

MONTHS OF SUPPLY

SQ. FT.

2020

2018-2022

REDMOND NEW LISTINGS VS. CLOSED SALES

45 40

NEUTRAL MARKET

Top Three Waterfront Sales In 2021

1 2 3

35 30 25 20

2424 W Lake Sammamish Parkway, Redmond*

MLS# 1762351 | $5,380,000

2410 W Lake Sammamish Parkway, Redmond MLS# 1799854 | $4,000,000

2208 W Lake Sammamish Parkway, Redmond MLS# 1779861 | $3,600,000

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

Data and stats provided by the Northwest Multiple Listing Service, with the exception of new listings and months of inventory, provided by Trendgraphix. Data indicated as 2021-2022 include January 1, 2021 through March 31, 2022. Area stats provided for the city of Redmond. *Represents Realogics Sotheby’s International Realty sales.

‘22 Renton

Waterfront Market Report rsirwaterfront.com

MEDIAN SALES PRICE Single-Family Homes ↑(48.19%)

$1.39M

To say the waterfront market in Renton got hot in the last year may be an understatement. Of the waterfront markets explored

$938K

20212022

20 20

in the report, Renton could be identified as the market on the rise. In 2020, this bedroom community set on Lake Washington’s southern point offered a median sold price of less than a million. January 2021 through March 2022 saw the median sold price

AVERAGE LINEAR WATERFRONT FOOTAGE

increase to $1.39 million. Over the last year, the big boon has been for those listing their Renton waterfront abodes. Fifty new listings hit the market in 2021, and 41 sales closed in 2021 and the

FT.

2022-2021

first quarter of 2022—19 more closings than the year before.

FT.

2020

FT.

2019

Along with a steadily climbing median sold price, the average price per square foot also ticked up by nearly 19%. And the average number of days on market dropped to 16, down from 83

AVERAGE DAYS ON MARKET

the year before. Despite the economic swings and rising interest

rates, the Renton market still appears to be hot. The year-to-date inventory is 1.1 months, which may encourage trepidatious sellers to ready their homes for the market and savvy buyers to

2022 - 2021

2020

2019

take advantage of this area on the rise.

STATE OF THE MARKET

AVERAGE PRICE PER SQUARE FOOT

Single-Family Homes ↑(18.89%)

$748

NEUTRAL

$629

SQ. FT.

R YE BU

1.1

RKET MA ’S

SELLE R’S MA RK ET

2022-2021

MONTHS OF SUPPLY

SELLER’S MARKET

Top Three Waterfront Sales In 2021

1 2 3

2905 Mountain View Avenue N, Renton

55 50 45 40 35 30 25 20 15 10

MLS# 1739215 | $4,200,000

RENTON NEW LISTINGS VS. CLOSED SALES

6421 Ripley Lane SE, Renton 6433 Ripley Lane SE, Renton

2020

2018-2022

MLS# 1775939 | $4,900,000 MLS# 1787636 | $4,320,000

SQ. FT.

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

‘22 Sammamish & Issaquah With waterfront lifestyles primarily set on the east side of Lake Sammamish, homes here were in demand over the last 15

Waterfront Market Report rsirwaterfront.com

MEDIAN SALES PRICE Single-Family Homes ↑(96.67%)

$2.95M

$1.5M

20212022

20 20

months. The median sales price for these coveted homes nearly doubled between 2020 and 2021, but the price per square foot actually trended down by 17%. The median sold price may be affected by the top sale in the area, an unlisted transaction that

AVERAGE LINEAR WATERFRONT FOOTAGE

111

sold for $8.75 million. The top three sales on the market were in the $6 millions. Still, it’s the relatively flat trend of new listings and closed sales on the market for an average of 16 days between

111

FT.

2022-2021

January 2021 and March 2022, that help demonstrate the buyer

FT.

2020

124

FT.

2019

drive. The average percent of asking price was up six points in 2021 from 99% in 2020. The months of inventory trended down from 2.9 months in 2020 to 1.1 months of inventory in 2021 plus

AVERAGE DAYS ON MARKET

the first quarter of 2022. As the market shifts, however, these

communities are seeing more inventory than buyer demand. The year-to-date inventory is at 5.2 months.

2022 - 2021

STATE OF THE MARKET

2019

AVERAGE PRICE PER SQUARE FOOT

5.2 months of inventory - Buyer’s Market (Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory)

Single-Family Homes ↓(-39.06%)

$565

NEUTRAL

$685

SQ. FT.

2022-2021

R YE BU

5.2

RKET MA ’S

SELLE R’S MA RK ET

2020

MONTHS OF SUPPLY

SQ. FT.

2020

2018-2022

SAMMAMISH & ISSAQUAH NEW LISTINGS VS. CLOSED SALES

90 80

BUYER’S MARKET

Top Three Waterfront Sales In 2021

1 2 3

70 60 50 40

4156 187th Avenue SE, Issaquah

MLS# 1769848 | $6,550,000

1913 E Lake Sammamish Place SE, Sammamish MLS# 1718656 | $6,450,000

4872 194th Ave SE, Issaquah* MLS# 1845552 | $6,040,000

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

Data and stats provided by the Northwest Multiple Listing Service, with the exception of new listings and months of inventory, provided by Trendgraphix. Data indicated as 2021-2022 include January 1, 2021 through March 31, 2022. Area stats provided for the cities of Sammamish and Issaquah. *Represents Realogics Sotheby’s International Realty sales.

‘22 The San Juan Islands High-bank, low-bank, neighborly enclaves, and private islands. The San Juan Islands are one of Washington’s most sought-after

Waterfront Market Report rsirwaterfront.com

MEDIAN SALES PRICE Single-Family Homes ↑(40.66%)

$1.65M

$1.173M

20212022

20 20

destinations. While some here are searching for a primary residence, many are investing in second homes, and there are few better investments than these saltwater shores. In 2021, the highest sold price in the San Juans was an off-market sale of $14 million on Orcas Island, and the following top three sales in the Northwest Multiple Listing Service were in the $7 millions. Still, the median sold price for January 2021 through March 2022 was

AVERAGE LINEAR WATERFRONT FOOTAGE

451

275

FT.

2022-2021

$1.65 million, up from the median sales price of $1.173 million in

FT.

2020

268

FT.

2019

2020. The average price per square foot also went up by 60% between 2020 and 2021. Listing in this market may require patience, however. The average number of days on market over

AVERAGE DAYS ON MARKET

the past three years has been 207 days, 215 days, and 111 days,

111

respectively. The average months of inventory suggest an advantage for buyers, and the average percent of asking price was 96% in 2020 and 98% the following year.

215

2022 - 2021

STATE OF THE MARKET

(Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory)

Single-Family Homes ↑(60.83%)

$991

NEUTRAL

$616

SQ. FT.

R YE BU

4.7

RKET MA ’S

SELLE R’S MA RK ET

2022-2021

MONTHS OF SUPPLY

NEUTRAL MARKET

Top Three Waterfront Sales In 2021 93 Hunziker Rd, Orcas Island MLS# 1824691 | $7,995,000

209 Driftwood Dr. #C, Blakely Island MLS# 1683271 | $7,600,000

302 Linden Tree Lane, Orcas Island MLS# 1821947 | $7,500,000

2019

AVERAGE PRICE PER SQUARE FOOT

4.7 months of inventory - Neutral Market

1 2 3

207

2020

2018-2022

SQ. FT.

2020

THE SAN JUAN ISLANDS NEW LISTINGS VS. CLOSED SALES

150 140 130 120 110 100 90 80 70 60 50 40 30 20 10

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

Data and stats provided by the Northwest Multiple Listing Service, with the exception of new listings and months of inventory, provided by Trendgraphix. Data indicated as 2021-2022 include January 1, 2021 through March 31, 2022. Area stats provided are San Juan County. Outliers and private islands have been removed when calculating the average linear footage (waterfront).

‘22 Sequim

Waterfront Market Report rsirwaterfront.com

MEDIAN SALES PRICE Single-Family Homes ↑(56.25%)

$900K

The median sold price for a waterfront residence in Sequim jumped by 56% between 2020 and 2021 plus the first quarter of

$576K

20212022

20 20

2022. The average percent of asking price stayed flat year over year at 101%, which implies that buyers have been competing for these homes. The average days spent on market doesn’t suggest pressure on buyers like it may have in urban markets. January 2021 through March 2022 saw an average of 1.6 months of inventory available with an average of 47 days on market, and the year before averaged 2.5 months of inventory with an average of

AVERAGE LINEAR WATERFRONT FOOTAGE

162

135

FT.

2022-2021

56 days on market. It’s been a seller’s market, but it may require

FT.

2020

160

FT.

2019

more patience and targeted marketing to find interested local buyers or those seeking out Sequim from a new destination. The trends of a median sold price ticking up fall in step with the

AVERAGE DAYS ON MARKET

average price per square foot, which saw a 45% increase year

over year.

2022 - 2021

STATE OF THE MARKET

(Based on June 2022 YTD housing inventory. Seller’s Market = 0 to 3 months inventory, Neutral Market = 3 to 6 months inventory, Buyer’s Market = 6+ months inventory)

Single-Family Homes ↑(45.18%)

$478

NEUTRAL

$329

SQ. FT.

2022-2021

R YE BU RKET MA ’S

SELLE R’S MA RK ET

2019

AVERAGE PRICE PER SQUARE FOOT

1.6 months of inventory - Seller’s Market

1.6

128

2020

MONTHS OF SUPPLY

SQ. FT.

2020

2018-2022

SEQUIM NEW LISTINGS VS. CLOSED SALES

45 40

SELLER’S MARKET

Top Three Waterfront Sales In 2021

1 2 3

35 30 25 20

293 Three Crabs Road, Sequim

MLS# 1719726 | $2,600,000

187 E Sequim Bay Road, Sequim* MLS# 1734788 | $2,350,000

4065 E Sequim Bay Road #3, Sequim MLS# 1623085 | $1,843,000

2017

2018

2019

New Listings

2020

2021-2022

Closed Sales

Data and stats provided by the Northwest Multiple Listing Service, with the exception of new listings and months of inventory, provided by Trendgraphix. Data indicated as 2021-2022 include January 1, 2021 through March 31, 2022. Area stats provided cover the Sequim area. *Represents Realogics Sotheby’s International Realty sales.

Bay A broad inlet of the sea where the land curves inward.

Boathouse A structure at the edge of the water used to house boats.

Bulkhead A wall that separates a property from the water; in some cases, property owners are responsible for maintaining the bulkheads.

Buoy An anchored float serving as a navigation mark to show reefs or other hazards, or for mooring.

Coastal Of or located near a coast.

Cove A small, sheltered bay.

Deadhead Logs lost from towed rafts or other wood debris which becomes lodged in the seafloor.

Dock A usually wooden pier used as a landing place or moorage for boats.

Floating home A floating residence constructed according to city code and connected to city sewer, water, and electricity; usually located in a co-op-owned or condo slip.

Foreshore

Glossary

The part of a shore between high and low water marks or between the water and cultivated or developed land.

Frontage A strip or extent of land abutting water; the boundary between the water and land fronting on and providing access to a watercourse, bay or lake.

Harbor A place on the coast where vessels may find shelter, especially one protected from rough water by piers, jetties, and other artificial structures.

High bank No access to the water and located on a cliff or steep slope, deep water below with dramatic views.

Houseboat A barge designed and equipped for use as a dwelling.

Jetty A landing stage or small pier at which boats can dock or be moored. 50 | 2022 Waterfront Report

Lakefront

Saltwater

The land along the edge of a lake.

Seawater and things found in saltwater, living in the sea.

Littoral

Shared beach

Zone or nearshore, the part of a sea, lake, or river that is close to the shore, extending from the high water mark, which is rarely inundated, to shoreline areas that are permanently submerged; often refers to the rights and privileges that are incidental to owning property on the shore of sea or a lake.

Shared beach access from multiple properties.

Low bank Easy access by a small flight of stairs or an easy climb, many low banks have pocket beaches with docks.

Medium bank Access to the water with option of watching from above, sometimes access is tide dependent.

Mooring

Shared mooring Shared dock where more than one property can moor their boats.

Shoreline The line alongside a large body of water where it meets the land.

Slip A designated docking boat space that is protected on three sides.

Sound

Any permanent structure to which a vessel may be secured; a place where a boat or ship is moored.

An inlet linked to the ocean by a strait; the Puget Sound is linked to the ocean by the Strait of Juan De Fuca, Seattle is situated on its eastern shore.

No bank

Strait

Smooth transition to the beach and directly into the water; often referred to as beach front.

A narrow passage of water connecting two seas or two other large areas of water.

Non-tidal

Tidal

Not affected by tides.

Relating or affected by tides.

Oceanfront

Tideland

The land that borders the ocean.

Land submerged during high tide.

Pier

Tide flat

A platform supported on pillars or girders leading out from the shore into a body of water, used as a landing stage for boats.

Land above water at a normal low tide.

Piling

An isolated pocket of seawater found where the ocean meets the land and is usually packed with sea life.

Heavy stakes or posts installed to support a structure, often found in waterfront properties.

Upland

Private beach

Waterfront lands located above the high-water mark.

A beach that is owned by a person, a group of people, or a company; the beach is not accessible to the general public.

Private mooring Private dock or slip to moor a boat.

Tide pool

Vista A pleasing view, especially one seen through a long, narrow opening.

Water access

Protected

Accessible from property by small beach or stairs.

Shoreline protection is intended to decrease or eliminate coastal erosion; protection involves the construction of engineered structures or techniques that slow erosion.

Water is viewable from the property.

Riparian Relating or situated on the banks of a river; often refers to rights and privileges that are incidental to the ownership fronting on a body of water.

Water view Wharf A level quayside area to which a ship may be moored to load and unload.

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