Seattle waterfront homes have long held their value better than other homes, on average. The King County area's most recent statistics are keeping with that trend.
Waterfront home sales in King County for February 2009 held almost the same median price level as February 2008. Median prices went from $451,000 to $446,500, a decrease of about 1% according to the NWMLS. Although the total number of sales was down from 25 homes to 14 homes for the month, sellers stuck to their prices and it looks like it paid off for many of them.
Days on Market actually went down from a median of 91 days to 74 days, which was a surprise in a slower market. There are still buyers in the market for waterfront homes, and they're willing to move when the right home comes on the market.
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