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ViewHomes™ of Clark County - Waterfront Market Report

Monday, February 27, 2017

This past winter’s unusually harsh weather makes it hard to keep in mind that Spring will be here soon.  And with Spring, as more people get outside to enjoy the nice weather, buyers start thinking about living on or near water.  Water has a natural, meditative effect on us — the sight and sound of moving water puts us in a relaxed, reflective mode. Waterfront properties have a built-in asset that many buyers want.  Some want easy access to boating and active water sports. Others want a peaceful place for quiet reflection.

The Pacific Northwest has many amazing bodies of water – rivers, bays, lakes and creeks all enhance our connection to nature. But regulations designed to protection our watersheds restrict the development of designated shoreline properties with tight footprints, setbacks, and mitigation requirements. Even creeks are regulated in certain protected watersheds. This can cause frustration for anyone trying to build or expand a house along a natural waterway (previous structures are grandfathered in, but there are still limitations on what you can do to the property.)

Regulation, market demand, and a limited inventory all add up to create a specialized market. Whether you are looking for, or want to sell, waterfront property, you should work with a broker who has experience in this specialized market and knows how to achieve that perfect outcome for you.

Here is a snapshot of the current market for waterfront ViewHomes™ of Clark County:

52 Active from $409,900 to $3,290,000
Average SQFT 3,584
Average $/SQFT $248

19 Pending from $400,000 to $1,095,000
Average SQFT 3,107
Average $/SQFT $173

27 Sold in past 3 months from $400,000 to $2,000,000
Average SQFT 2,802
Average $/SQFT $212

View properties on water tend to move quickly, so now is a great time to buy or sell waterfront property. Give us a call, we specialize in ViewHomes™ of Clark County.