Tuesday, March 11, 2014

A quick look at Washington pleasure RRE

I have a trio of Washington coastal towns I like to look at once in a while to gauge the state of recreational residential real estate.

These are open searches using the Windermere RE website -- they are the 800lb gorilla of PNW real estate.  I include houses as well as raw land; you see a lot of the latter come out of the woodwork when owners panic and want to dump undeveloped land or lots.  There are multi-million dollar estates in the results as well as $150K ramblers.

First is Birch Bay, to the north, and including a bit of the I-5 corridor leading up to it, with 834 listings.

Birch Bay, WA

Next up, a place I would not mind winding up at the end of the day, Port Townsend and its peninsula, with 316 listings.

Port Townsend, WA

This week's winner is out on the true Pacific coast, Ocean Shores, and the Grays Harbor area, with an incredible 1,205 listings.  There are hundreds of pleasure properties for sale in Ocean Shores proper, along with many others in the wider economically-depressed area.

By the way, Ocean Shores gets wiped clean like a blackboard when the Cascadian subduction zone lets loose with its next guaranteed 9.0+ quake.

Ocean Shores, WA

Keep buying, lemmings, or else get Priced Out Forever.

Here is a close-up shot of Ocean Shores, showing 415 properties for sale in a very small area.  Note that the Windermere site does not render all 415 icons for these properties on the page, but they are out there.

Ocean Shores, WA


sooner said...

How does this compare to the norm?

Christian Gustafson said...

I don't know. This isn't an historical market analysis, it's an "OMG there sure are a lot of houses for sale analysis".

I added another screenshot for you, a close-up on the peninsula that is Ocean Shores.

Christian Gustafson said...


Has Daneric capitulated?

Or is he just taking a breather?

Permabear Doomster said...

The Daneric is perhaps too busy being his alter-ego...aka..the 'Wags'.

Its always surprised me more people haven't considered it possibility.

As for the real estate...

Yes, a big quake/wave will surely wipe the area clean, but that is more likely to be decades..if not centuries away.

It should be nothing for a 'normal' sheep to worry about.

More chance of disappearing in a Malaysian airplane.

Christian Gustafson said...

Looks like Daneric was just offline for a while.