Queen Anne/Magnolia - Ballard/Greenlake - North Seattle
In the sub-region of Seattle north of downtown, and including North Seattle, Ballard, and Magnolia, there were 8 waterfront single-family home sales from January 2018 through the end of May 2018. The average price among these sales was $2,168,333, at $564.45 per square foot. Sales were closed at an average CDOM of 181 days. Although waterfront property is more plentiful in Seattle than in many other cities, sales are irregular due to the infrequency with which these properties change hands. Areas that have seen many sales in recent years may see very few sales for a period thereafter, not due to a lack of demand, but rather to a shortage of supply.
Part of the remarkable disparity in waterfront property values (North Seattle, for example, saw a high selling price of $7.445M and a low of $730,000) is attributable to houseboats, some of which are quite small, yet are included among the records for large single-family homes on oversized lots. However, we have included those in our analysis, as houseboats do offer an authentic marine living experience.