Wednesday, August 18, 2010

Strong Seattle Waterfront Real Estate Sales Continue In July

 
Waterfront real estate sales in Seattle maintained an even keel in July, as the general real estate market continued to push along through a slow economy. July waterfront home sales in Seattle matched the eight homes sold in June, with two sales being high-end floating homes and the remainder of the sales being traditional single family homes. These numbers are a large increase over the same period last year.
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The least expensive waterfront home sales in July were at the extreme ends of Seattle, with a Bryn Mawr home on the South end of the city selling for $650k, and a Cedar Park home on the North end that sold for $700k. Our Lake Union floating home sales closed at $740k in Westlake, and $1.242 million in Eastlake.
At the top end of the waterfront real estate sales were a home in Denny Blaine that sold for $2.15 million, and a waterfront estate in Leschi that closed at $2.625 million.
Overall, the waterfront real estate market continues to outpace 2009's sales numbers by leaps and bounds. July of 2009 had just two waterfront home sales, part of a dismal year of waterfront and luxury home purchases. While sales of these homes are often at discounted prices, the total number of sales month after month continue to strengthen the base of the luxury market and increase confidence for buyers.
June 2010 Seattle Waterfront Home Sales
Address City Sold Price Beds Baths Sq Ft
2401 N Northlake Wy #9-E Seattle $249,138 1 1.5 620
2915 Harris Place S Seattle $400,000 3 2.5 1,910
3415 Sound View Dr W Seattle $575,000 4 3 2,800
9645 50th Ave SW Seattle $1,100,000 3 1.5 2,490
3736 W Commodore Way Seattle $1,350,000 5 2.75 3,930
2481 Perkins Lane W Seattle $1,600,000 2 1.75 2,520
11045 Arroyo Beach Place SW Seattle $2,200,000 3 3.5 3,050
4408 55th Ave NE Seattle $2,500,000 6 3.75 5,450
July 2010 Seattle Waterfront Home Sales
Address City Sold Price Beds Baths Sq Ft
11016 Rainier Ave S Seattle $650,000 2 1.75 1,600
12322 Riviera Place NE Seattle $700,000 4 1.5 1,970
2770 Westlake Ave N #6 Seattle $740,000 2 1.75 1,151
8452 Island Dr S Seattle $810,000 3 2.5 2,390
2600 Fairview Ave E #8 Seattle $1,242,500 3 2.25 2,000
2444 NW Blue Ridge Dr Seattle $1,335,000 4 2.25 3,800
1616 Lake Washington Blvd. Seattle $2,150,000 2 2.5 2,730
1108 Lakeside Ave S Seattle $2,625,000 4 3.25 3,680
Sam DeBord is a Realtor and Managing Real Estate Broker with SeattleHome.com, a division of Washington State Realty, LLC. He is a member of the Seattle-King County Association of Realtors and a Green-Certified Pro. The NWMLS did not compile or publish this information.
Have a question about a waterfront home, or Seattle real estate in general?
Sam can be contacted at (206) 658-3225 or Sam(at)SeattleHome.com.  
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