South Sound Waterfront Home Values

 

What is the price per square foot for a Mason County waterfront home right now?

This chart is created for you every month from sales in the MLS.  You can always refer to this chart to see how things are going right now in the southwest Puget Sound.

This chart illustrates what I have said for years – there is no one answer to the value of Mason County waterfront.  Sometimes, it depend upon the time of year.  Sometimes, if a home is sold in February verses July, there can be as much as $70 per foot difference.  That’s a $140,000 difference in the sales price of a 2000 square foot home.

It’s given that every beach is different – some properties have higher banks and colder water temperature. What are the boating options, the views and proximity to services?  To compare South Puget Sound beaches, you should at very least break the numbers up into real estate areas – each area with its own price range.

HISTORIC VALUES – LET’S LOOK AT ANNUAL CHARTS

Are you new to waterfront property?  Some beaches are more expensive than others for a variety of reason.  They are all on the same Puget Sound but historically command their own values.  Every year, I produce these charts to help define where you can find the best bargains.

For each beach, I create four (4) charts from actual sales data taken directly from the MLS.  No homes are exactly alike – one home may have a dock or a granite counter-top but without question, there is a comp here for every home.

Chart #1 – “Scattergram Pricing Chart”

Each dot is an actual sale. The vertical axis is price and the horizontal is its square footage. Given all these points of sale, the blue line is a mathematical average of the “price per square foot” at any given size. This will give you some idea of the cost of an area home by footage.

Chart #2 – “Time to Sell”

This chart is “Days on Market” – the time required to sell a beach house as a function of its price. You can combine the information from this chart with the “Buying Patterns” chart to get an idea when best to list a home.

Chart #3 – “Buying Pattern”

This chart documents “Buying Patterns” from the perspective of price to the date it sold. This is an attempt to determine what time of the year beach homes are sold. Remember, the “date sold” is when a sale closed and recorded, not when the sellers agreed to an offer. Subtract about 40 days to get when the seller agreed to their offer.

Chart #4 – “What are the Odds of Selling Your Home?”

What percentage of homes for sale in a particular area actually sold? For example, on Harron Island, there were seven waterfront homes available for sale in 2015. One sold which means the odds of selling a waterfront home on Harron Island in 2015 was 14%. The blue bars represent what sold, red is those homes that either the listing expired or was cancelled, green is homes still for sale and yellow is sales that are pending.  This chart is not just about demand. It also speaks to supply, what homeowner and buyer expect and suggests how this may affect pricing.

WHAT BEACH INTERESTS YOU –

Posted on February 9, 2016 at 9:47 pm
Mike Mostyn | Category: Homes for sale | Tagged , , , , , , ,

2011 – A record crab harvest

Dungeness crabs – Olympic Peninsula favorite

According to Rich Childers of the Washington Department of Fish and Wildlife, 2011 appears to be a record year for the amount of crabs harvested by recreational crabbers in Puget Sound. An estimated 2.1 million pounds of crabs were taken in the summer season from July 1 to Labor Day, with additional harvest coming during the fall and winter.

Lots of people enjoyed a high rate of catch this year, Childers said. “We are seeing an abundance of crab, phenomenally high in some of the Puget Sound marine areas,” he said. “We’re seeing the same thing with shrimp. Something in the environment is favoring the survival of Dungeness crabs from larvae to adult.”

Crab season will close in all areas on Dec. 31, and anyone with a winter catch record card must report their catch by Feb. 1 — even if no crab were caught.

Read more: http://www.kitsapsun.com/news/2011/dec/28/record-year-likely-for-puget-sound-sport/#ixzz1hwlPWoYx

 

Posted on December 29, 2011 at 6:16 pm
Mike Mostyn | Category: Fishing, Hood Canal, Hoodsport, Olympic Peninsula, Shelton, What To Do | Tagged , , , , ,

New Shelton Golf Course get national award

Shelton’s Salish Cliffs Golf Club

 

Shelton’s brand-new Salish Cliffs Golf Club at Little Creek Casino Resort is the nation’s top course to open in 2011, and No. 8 overall, according to “Golfweek’s Best 2011: Best New Courses” ranking, released today.

Salish Cliffs, a Gene Bates design that opened to the public on Sept. 16, was chosen by Golfweek’s nationwide team of course raters. The elite ranking is reserved for courses that debuted in 2010 or 2011. Not only was Salish Cliffs the top-ranked layout to open this year, but it was just one of two Pacific Northwest courses on the list, along with Old Macdonald in Bandon, Ore., which earned the No. 1 spot.

“We have known all along Salish Cliffs is a special course, one we hope golfers will rate among North America’s finest,” said Head Professional David Kass, PGA. “It’s a great honor that, less than six weeks after opening to the public, we’ve already received national recognition from Golfweek.”

Shelton’s Salish Cliffs has received national acclaim for its stunning beauty and clever design since opening. It has also received praise for its reasonable rates and was included on Forbes.com’s list of the “12 Best Value Courses in the U.S.

The par-72, 7,269-yard championship course provides an intimate setting with 16 of 18 holes encircled by lush forestry. The course is friendly to players of all levels thanks to five sets of tees and offers stunning scenery with 360-degree views of Olympic Peninsula’s Kamilche Valley. The black “tips” received a rating/slope of 75.4/137 from the USGA while the 5,313-yard forward tees come in with a 70.7 rating and 125 slope.

Shelton Golf has Reasonable Rates

Public rates through Oct. 31 are $69 (Monday-Thursday) and $79 (Friday-Sunday) for 18 holes and $40 and $50, respectively, for nine, including green fees and cart (but not applicable tax). MVP Player’s Card Holders will pay $64 (Monday-Thursday) and $74 (Friday-Sunday). Twilight rates, which begin at 3 p.m., are $40 (Monday-Thursday) and $50 (Friday-Sunday).

Tee times can be booked with a major credit card up to 10 days in advance at www.salish-cliffs.com. Advanced tee-time booking up to 60 days in advance is available for those with confirmed Little Creek Casino Resort hotel reservations by calling the golf shop at 360.462.3673.

 

Posted on October 28, 2011 at 5:30 pm
Mike Mostyn | Category: Golf, Olympic Peninsula, Shelton, What To Do | Tagged , , ,