Valerie's Belfair WA Real Estate Blog: January 2010

Hood Canal & Puget Sound Waterfront Homes for Sale~How was the year in review?

2009 was a very tough year all around - the economy overall and the housing market in general, so what went on with Hood Canal & Puget Sound Waterfront Home Sales?  Surprisingly enough there were 23 homes sold along the shores of Hood Canal and Puget Sound in 2009.  I decided to take a look at 2009 and compare it to 2008, 2007 and 2006 to see how much of a difference there was in price, homes sold, and the time on the market. 

Waterfront homes as a general rule, tend to be more for recreational, part-time summer use, but there has been an increase in the number of waterfront homes that are lived in full time along the Shores of Hood Canal and Puget Sound. 

When reviewing Puget Sound Waterfront homes for sale, I am reviewing the statistics for my market area of Puget Sound which consists of Victor, Allyn, and Grapeview -all along the shores of Case Inlet & North Bay.  Shelton is also in my market area but there does tend to be a slight difference in marketing and values so I did not include that area in the statistics but will be reviewing it in another blog.

The statistics I am looking at regarding the homes for sale and sold on the Hood Canal are along theSouth Shore and North Shore of the Hood Canal in my market area which includes the towns of Belfair, Union and Tahuya in  Mason County. 

We carried quite a large inventory of waterfront homes for sale throughout the year of 2009. The end of the year we did see some come off the market which did lighten the inventory some.  We also saw an increase in the showings of waterfront homes for sale  above the $500,000 price range during the month of December and into the new year.  A lot of these buyers are also cash buyers-possibly taking advantage of the great homes for sale with great prices and values as opposed to placing their hard earned dollars elsewhere... 

So here's the wrap up:

2009 there were a total of 23 waterfront homes sold along the Hood Canal & Puget Sound in Mason County.

• (9) were sold along the South Shore of Hood Canal
• (5) were sold along the North Shore of Hood Canal
• (9) were sold along the shores of Puget Sound - North Bay and Case Inlet.
• The average sale price wasas $391,283
• The average market time was 235 days
• The average dollars per square foot was $338.63

2008 there were a total of 23 waterfront homes sold along the Hood Canal & Puget Sound in Mason County.

• (8) were sold along the South Shore of Hood Canal
• (6) were sold along the North Shore of Hood Canal
• (9) were sold along the shores of Puget Sound - North Bay and Case Inlet
• The average sale price was $604,158
• The average market time was 152 days
• The average dollars per square foot was $337.95.

It is interesting to see the difference in the market times and the fact that 2009 the buyers were focused on homes under $500,00 for the most part.  It is also interesting to see that the dollars per square foot for both these years stayed fairly consistent.

2007 there were a total of 27 waterfront homes sold along the Hood Canal & Puget Sound in North Mason County.

• (9) were sold along the South Shore of Hood Canal
• (5) were sold along the North Shore of Hood Canal
• (12) were sold along the shores of Puget Sound - North Bay and case Inlet.
• The average sale price was $584,815 (3 of the homes sold for over a million dollars)
• The average market time for these homes was 119 days
• The average dollars per square foot were $379.49 - roughly a 12% difference from 2008 and 2009.

One more year to take a look at - 2006 - I think it is safe to say that 2007 was the peak of the market but let's see how it compared to 2006.

2006 there were a total of 42 homes sold along the Hood Canal & Puget Sound in North Mason County.

• (12 ) were sold along the South Shore of Hood Canal
• (16) were sold along the North Shore of Hood Canal
• (14) were sold along the Puget Sound - Case Inlet and North Bay
• The average sale price was $$480,970 (the highest sale was one at $1.06 million. 
• The average market time for these homes was 129 days
• The average dollars per square foot was $330.34

Interesting..... the average dollars per square foot was higher in 2007, but there were more Hood Canal and Puget Sound Waterfront  homes sold in 2006.  Good numbers to take a look at.

So in a nutshell would you agree 2007 was the peak of the north Mason County waterfront home sales along the Hood Canal and Case Inlet/North Bay-Puget Sound as far as values go?  Overall the average dollars per square foot has stayed consistent as well as the number of sales for the last few years.  Even in 2008 and 2009 the average dollars per square foot was higher than in 2006. 

Got to say, that it is nice to see that the waterfront homes for sale have pretty much held their value!

I hope this information was helpful. If you would like more detailed information or a market specific report for your waterfront home, I would love to help you out with that.  Drop me a line, give me a call or stop on in!

LakeLand Village~Allyn~The "Now & Then Real Estate Market"

I am always curious about statistics and love to compare things to previous events or years. I thought it would be interesting to take a peak into the past and check out the statistics for homes that sold in the small residential golf course community of LakeLand Village -comparing from 2006 through 2009.

2009 - There were 21 homes sold in LakeLand Village Allyn, WA for the entire year.

• The average sold price was $244,752
• The average dollars per square foot for the LakeLand Village sold homes was $135 per square foot.
• The average days on the market for the sold homes was 182 days. Actually not too bad.

 Buyers were definitely shopping price in 2009 and there were many choices of homes for sale in LakeLand Village throughout the year- inventory reached an all time high of 54 homes for sale. 

2008 - There were 21 homes sold In LakeLand Village~Allyn~WA~ the entire year of 2008. Interesting this number is the same as 2009. Let's see what else stayed the same or changed.

• The average sold price was $306,500 - Now there's a considerable change from 2009!
• The average dollars per square foot for the LakeLand Village homes sold for 2008 was $156 - another big difference
• The average days on the market was 274 days. Interesting that it took longer for the homes to sell in 2008 but their average price and average dollar per square foot seemed to remain fairly strong in comparison to previous years.  

2007 - There were 29 Homes sold in LakeLand Village~Allyn~WA~ the entire year of 2007.

• The average sale price was $335,017
• The average dollars per square foot for the LakeLand Village Homes sold for 2007 was $166- another big difference from 2008 and definitely a huge difference from 2009!
• The average days on the market was 192 days.

Let's take a look back one more year to 2006 for homes that sold in lakeLand Village for the year .

2006 - There were 50 homes sold in LakeLand Village~Allyn~WA for the entire year of 2006. I think it is safe to say this is going to probably show as LakeLand Village's "Peak" market for real estate sales.

• The average sale price was $333,604 - quite an average with 50 homes that sold in comparison to the above 29 and 21.
• The average dollars per ssquare foot for the LakeLand Village Homes Sold for 2006 was $159.77 - slitghtly down but with 50 homes sold- that's a pretty solid number.
• The average days on the market was 153 days. Another difference reflecting LakeLand Villages' "peak" market.