Three Seattle waterfront homes have sold so far in May, with the home prices being on the lower end of the waterfront market. The homes sold at a wide range of discounts from listing price, and varied from one week on the market to 6 months on the market.
The first home was a 3 bed, 1.75 bath house on Lake Washington's waterfront in Cedar Park (near Lake City in NE Seattle). With a good-sized dock on the lake and ample space, it sold for $765,000, just 4% off the list price of $799k. This was really the low end of market prices on Lake Washington.
Another Cedar Park waterfront home sold for $1.14 million. A large home, at over 3500 sq ft and 4 beds/3 baths, this property had 50 feet of lakefront, parallel docks and two boat lifts. It sold at about 86% of its original list price, in just under 6 months.
The third home sold in May was in NW Seattle in the North Beach Neighborhood. This Puget Sound waterfront home was a 3 bed, 2.75 bath, 1960s era home. It sold at just 7 days on the market - a surprisingly quick sale considering its $1,000,000 selling price at 15% less than the list price. Considering that the Seattle Real Estate market is very slow over $1mm, it seems like a concession that makes sense.
Sam DeBord and Brian WiegandSeattleHome.com (206) 431-5900
Seattle Waterfront Real Estate Brokers - RE/MAX Connected
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