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ViewHomes™ of Clark County - Waterfront Market Report

Tuesday, January 31, 2017

One of the rewards of living in the Pacific Northwest is the predominance of amazing bodies of water – rivers, bays, lakes and creeks all enhance our connection to nature. 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.

However, 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:

17 Active from $419,900 to $3,290,000
Average SQFT 3,897
Average $/SQFT $245

18 Pending from $455,000 to $999,500
Average SQFT 3,240
Average $/SQFT $192

34 Sold in past 3 months from $400,000 to $2,000,000
Average SQFT 3,189
Average $/SQFT $211

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.

Filed under: Lifestyle | News | Views | Waterfront