Kitsap County Waterfront Value

Waterfront Values:

With regard to waterfront County-wide, we again saw an average sale price decline, but dramatically less so than previously (-2.15% vs 2009 –see attached graph – Kitsap County Waterfront Sales).  This results in waterfront’s overall value decline at almost 35% from its peak in 2008 to now, almost 33.5% of which came in 2009.

There were, at the height of the selling season, over 250 waterfront homes on the market.

On a more positive note, there have been 138 waterfront homes sold this year, with another 10+ under contract.  This exceeds the 99 and 121 sold in the preceding two years, respectively.

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