ViewHomes™ of Clark County: Waterfront Market Report

Saturday, April 8, 2017

With Spring’s arrival, more people are getting outside to enjoy the nice weather. In this environment, buyers start thinking about living on or near water.  Some want easy access to boating and active water sports. Others just want a peaceful place for quiet reflection -water has a natural, meditative effect on us, especially being around moving water. 

The Pacific Northwest has many amazing bodies of water – rivers, bays, lakes and creeks all enhance our connection to nature. But regulations designed to protect our watersheds restrict the development of 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:

57 Active from $409,900 to $2,795,000
Average SQFT 3,632
Average $/SQFT $230

1 Bumpable 4157 SQFT for $659,000 at $159/SQFT

20 Pending from $415,000 to $3,290,000
Average SQFT 3,338
Average $/SQFT $226

24 Sold in past 3 months from $420,000 to $2,500,000
Average SQFT 3,683
Average $/SQFT $195

Median Days on Market – 69

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.