South Sound & Hood Canal

Lake Tapps - Bonney Lake - Fox Island - Gig Harbor 
Tacoma - Olympia - Allyn - Belfair - Shelton - Hoodsport
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More waterfront homes are sold on the freshwater and saltwater shorelines of the South Sound and Hood Canal than in any other sub-region of western Washington State: 714 from July 2016 through June 2017. During this period, the average CDOM for waterfront sales in this sub-region was 106, and the average selling price was $541 thousand. However, the highest selling price for a waterfront home was in Gig Harbor, which is a suburban commuting marketing for Tacoma. The top selling prices in Fox Island and Lake Tapps were not far behind, at $2.5 million and $2.25 million, respectively.

Waterfront prices in the South Sound and upper Hood Canal have risen steadily in recent years, and in the first half of 2017 averaged about $100,000 higher than in 2014. Since that year, waterfront prices have risen at compounded annual growth rates of 6.8 percent on Fox Island; 8.1 percent at Lake Tapps; 13.5 percent at Hoodsport; 17.6 percent at Shelton; 18.0 percent at Belfair; and 30.9 percent at Tacoma.