2017 YEAR END REVIEW
Challenged by increasing building and shoreline restrictions, aging housing stock, and an extreme scheduling backlog for quality contractors, waterfront buyers found fewer modern turn-key homes, in ideal settings, to capture their interest. Waterfront that ‘checked all the boxes’ was in high demand—commanding top prices in 2017—while those requiring considerable renovation/rebuild sat stagnant on the market or sold at well below prior market prices. Don’t expect this to turn around until builders and remodelers become more readily available.
Check out the full Waterfront Report for a complete list of waterfront home sales by address and community.
© Copyright 2018, Windermere Real Estate/Mercer Island. Information and statistics derived from Northwest Multiple Listing Service and deemed accurate but not guaranteed.