Seattle Floating Homes: At Least FIVE Reasons Why You Should Sell Yours Right Now

Why You Should Sell Your Seattle Floating Home Right Now

seattle houseboats

Pending in Escrow with multiple offers!

When I have conversations with people interested in selling their Seattle homes I always get an interesting array of responses, but in the last week alone three property owners have told me that they want to wait until spring to sell their home.  Most years for us the winter is one of my busier times in Seattle real estate overall and sometimes even more busy on the lake! So the idea that someone would think the spring time could be better and want to wait to list their home doesn’t make sense to me.  My favorite response when talking to a homeowner about selling their home in the so called “off season” is something along the lines of not understanding why it would be smart to sell their home in “the dead of winter”.

Five reasons why you should sell your floating home now if you are thinking about selling in spring:

  1. You know how much your home is worth now. Molly and I have set record after record this year on various docks around Lake Union.  The Seattle Houseboats world is typically a strong market anyway (except ironically slows down in August).  The floating homes sales only slightly slowed down during the last real estate down turn, but there are no guarantees in this real estate game except that it is in fact a cyclical business. There are always ups and downs in the market and you won’t always see a shifting market before it happens. lake union floating homes
  2. There are fewer competing floating homes for sale. Fortunately for you, the holidays and the overshadowing belief that one should wait until spring will keep your competition at bay.  In addition, Molly and I have sold most of the inventory so you really only have a couple floating homes that the buyer pool is looking at. Fewer competing homes on the market means more competing buyers and in this case – serious buyers  – which brings me to #3.
  3. Real Floating home buyers: The ones who are out there on the lake in the freezing cold and “dead of winter” are the ones that are definitely serious.  This is not the warm season of “looky loos” and even the classic “nosy neighbors” tend to not want to venture out into the cold of the Pacific Northwest to check out the digs next door.  This is never more truer than with floating homes.  No one wants to risk their life walking down the slippery dock with the wind whipping up from below.
  4. Statistics from the National Association Of Realtors measured by keyboxes are showing that the number of those serious buyers is high right now.  While this has not historically mattered as much to the typical floating home buyer, interest in our unique properties has increased as people look to us as an alternative housing solution which is ironically more affordable these days.
  5. The political climate is volatile with regards to many facets of life and that affects real estate. Uncertainty can cause the real estate market to slow down and giant looming tax changes could also make buyers reconsider future purchases.  Seattle floating homes tend to be more of an emotional buy than land homes are and emotions usually run high over politics.

Are you interested in learning more about what your Seattle floating home might be worth today?

Molly and I are happy to provide you with a CMA to show you how much your home is worth now.  We can get you pointers on small or large things to do to get your home ready for the market and we can also tell you what it is worth as is.  We can tell you roughly what your buyer pool looks like today as well so that you can decide if you want to go ahead and take the “polar plunge” into selling your Lake Union floating home this winter.  Call/Text us – 206-841-6800 or email seattleafloat@cooperjacobs.com

July 2016 Lake Union Floating Homes Real Estate Market

seattle floating homesSeattle Houseboats:  The Current July 2016 Lake Union Floating Homes Real Estate Market Update

There are just four Seattle floating homes for sale currently – two are Eastlake floating homes (one on the Log Foundation dock and one on Wards Cove) and two of the Portage Bay floating homes including one on the sought after Shelby Dock (THREE recent sales there!) and an end of dock beauty on the Boyer On The Bay dock.  Lots going on in the Seattle Houseboats world for sales pending and closings as a result! Current prices for the available Seattle floating homes start at $675,000 and go to $3,200,000 for the luxury beauty on the state of the art Wards Cove dock.

Seattle Floating Homes Pending in Escrow:  There are three pending Seattle floating homes for sale – all in Eastlake – including our cool Tenas Chuck listing and one we sold on The Lake Union dock (price range of these is $650,000 to $959,000). There is a cutie Portage Bay floating home that is Pending Inspection at a list price of $475,000.

Sales Sales SalesSeattle Floating hOmes Realtors

SIX Seattle floating homes have closed in escrow in the last couple of months!

1213 E Shelby St #7 1 bedroom 1 bath built in 1997 was listed for $725,000 , dropped their price to $695,000 and then had a final sales price of $675,000 (97.12% of list price).  It closed 7/6/2016.

1213 E Shelby St #12 1 bedroom 1 bath 840 square feet built in 1995 sold on 6/30/2016 after 37 days on the market.  It was listed for $798,000 and sold for $725,000 (90.85% of list).

2019 Fairview Ave E #N 2 bedroom 1 bath built in 1976 and affectionately known as the Hobbit house sold on 6/20/16 for $770,000 which was 98.09% of it’s $785,000 list price after 68 days on the market.

2219 Fairview Ave E #2 2 bedroom 1.5 bath built in 1974 listed for $950,000 and sold for full asking price after 80 days on the market.

2339 Fairview Ave E #N This was an amazing sale. 1 bedroom 1 bath 1367 square feet was listed for $1,795,000 and sold after 6 days on the market for $2,000,000 (111.42% of list price!!!).  That is $1,463.06/ sq ft and it isn’t an end of dock home!

1213 E Shelby St #6 – We sold it! Listed for $700,000 and closed this last Friday for full price.  1 bedroom 1 bath 777 square feet with beautiful scenic views. This historic 1930 home is about to get a beautiful makeover and we are thrilled.

Seattle Floating Homes Tour 2016

Gearing UP – Molly and I are gearing up for the biannual Seattle Floating homes Tour.  We volunteer our time and money to this incredible community cause.  We live and work here and this is extremely important to us! Tickets go on sale soon! Please let us know if you are interested in:

  • Learning more about this iconic Seattle waterfront lifestyle
  • Need to learn how to buy or sell your Seattle floating home
  • Are interested in getting a price range for your home
  • Want to see all Seattle floating homes listings

We look forward to hearing from you! Molly: 206-841-6800/Courtney Cooper 206-850-8841  houseboats@cooperjacobs.com

Seattle Floating Homes Market Update

Seattle Floating Homes On Lake Union Wards Cove Rooftop

A lot can change in a week.  One moved through the Ballard Locks into its new permanent home, One back to Active status in the MLS, one went pending in the MLS and a BIG one just hit the market!

Let’s start with Seattle Houseboats for sale

These homes range in price from $750,000 to $3,295,000 for an ultra luxury floating home at Wards Cove. (Remember also that these are the Seattle houseboats that are in the Seattle floating homes category only and do not include other Seattle floating on-water residences.)

Pending Seattle Floating Homes:

These include houseboats that are pending in the MLS under Pending, Pending Inspection, and Pending Seattle floating homes for saleFeasibility. There are FOUR Seattle floating homes that are currently marked as pending and waiting to close in escrow. These include homes on the Mallard Cove dock, Log Foundation, and The Lake Union and range in price from $499,500 for the pending feasibility listing to $1,395,000 for the beauty at Mallard Cove.

Seattle Floating Homes that have sold in the last 60 days through the MLS –

There have been three Seattle houseboats in this category which have closed in escrow in the last sixty days.

  • 2420 Westlake Ave N #7 Molly and I listed this one – pretty great place in Westlake.
  • 2017 Fairview Ave E #K  This is on the Log Foundation Dock
  • 2821 Fairview Ave E #9  The first public resale of the famed Wards Cove at 2821 Fairview Ave E.

Houseboat through the locksYou can see full details of these floating homes on the listing sheets here: Seattle houseboats sold 10022015  If you are interested in looking at the various dollar per square foot and market time, then here is an overall market sheet to look at the differences in these numbers: Seattle Floating Homes Market 10022015 Please let us know if you are interested in learning more about Seattle floating homes.  We are Seattle houseboats Realtors and love what we do!

OH!  I almost forgot the fun part!  For years Molly and I have been asked about the burned up houseboat in Eastlake and whether or not the owner will sell it.   The answer was always no because we knew they were having their dream floating home built in Canada to replace the burned up one in the exact footprint. It happened this last week! Seattle’s newest floating home was floated right through The Ballard Locks and put in place on one of the more perfect days in Seattle. The Locks posted a picture on Facebook.

 

Molly Cartwright 206-841-6800 
Courtney Cooper 206-850-8841
We can immediately answer your questions or email us at houseboats@CooperJacobs.com

Seattle Floating Homes Market Houseboats Plus A Housebarge

lake union houseboatsSeattle Houseboats Market Update:

In the last sixty days, there have been many significant sale in the Seattle houseboat community.  There have been nine closed sales in the NWMLS for Seattle floating homes and also for Seattle houseboats which are classified as a barge (house barge).

Here are some of the details of the Seattle houseboats which have closed in escrow:

2727 Fairview Ave E #3  This is a grandfathered in Seattle housebarge which was gorgeous. It has 2 bedrooms and was listed on 4/5/2015 for $399,000 and sold for $404,000 after 6 days on the market.  It is located on the Hamlin Pier in Eastlake.  No sales tax on Seattle housebarges for sale if you can find them.

3125 Fairview Ave E #B This 2 bedroom 875 square foot Seattle floating home was listed on 4/30/2015 for $575,000 and sold for full price three days later.  I closed in escrow 5/29/2015.

2727 Fairview Ave E #12  This Seattle floating home is on Hamlin Pier which is a leased dock in Eastlake. It was listed for $695,000 on 3/6/2015  and on the market for 22 days before closing on 4/30/2015 with a final sales price of $675,000.

2031 Fairview Ave E #P  The Lake Union Dock in Seattle’s Eastlake neighborhood.  The next three sold on this dock.  The floating home in slip #P  is 1050 square feet and 2 bedrooms.  It was listed for $725,000 on 4/28/2015 and after 3 days on the market sold for $715,000 and closed on 6/5/2015.  It is the first houseboat on the dock.

2031 Fairview Ave E #B  Another Lake Union Dock gem, Molly and I sold this gorgeous Seattle houseboat to our lucky clients who came out ahead in a fierce multiple offer situation. This two bedroom 1200 square foot floating home was listed on 4/1/2015 for $895,000 and sold after six days on the market and closed in escrow on 5/19/2015 for $900,000.

2031 Fairview Ave E #G Molly and I had the pleasure of listing this one with LeAnne. We listed it on 4/27/2015 for $975,000 and after 5 days on the market it went under contract for full price.  During the inspection, we adjusted the price somewhat for a final sales price of $971,000.  It closed on 6/10/2015. This Seattle floating home is a two bedroom 1184 square foot houseboat in Eastlake. It is second from the end of the dock and offers some pretty great views and nice finish work.

3236 Portage Bay Pl  Moving over to Portage Bay, this two bedroom Seattle floating home was listed on 9/15/2014 for $1,100,000 and after 152 days on the market, it closed in escrow at $1,067,000 on 5/15/2015.  This houseboat offered a unique situation which make it difficult to price – a couple parking spaces and an on land rental income opportunity. People looking for Seattle houseboats for rent would like the land rental and this one also has no HOA so no dues.

10 E Roanoke Reef St #12  Awwe… Roanoke Reef floating homes!  Roanoke Reef is one of the three standards in Seattle luxury floating homes.  This three bedroom floating home is on the back row and offers 1562 square feet of living space to stretch out for your life afloat in Seattle.  It was listed for 4/5/2015 for $1,690,000 and after 276 days on the market sold for cash.  It closed on 5/8/2015 for a final sales price of $1,640,000.

3212 Portage Bay Place #B  Brand new!  Seattle new construction floating homes in Seattle are few and far between.  This one is back over in Portage Bay again and is one of the latest Seattle luxury floating homes to hit the houseboat market.  It was listed for $1,750,000 on 3/28/2015 and after 35 days on the market it sold for full asking price and cash and closed on 5/27/2015.  The square footage  is 1850 square feet of stunning interiors and three bedrooms which is difficult to find outside of Roanoke Reef, Mallard Cove, or Wards Cove.

So the average days on market for these Seattle houseboats for sale is 56 days.  The average dollar per square foot is $751.95 with a range of $657.14 to $1,049.94 for the Seattle floating homes and $404 for the Seattle housebarge Big Brother that closed.  The median sales price for all of these Seattle houseboats is $900,000.

Seattle floating homesOne Final note on The Seattle Houseboats Market:

The sales price to list price ratio is 99.02% making the Seattle floating homes market a healthy opportunity for Seattle buyers who want to be in city but can’t seem to compete in the current market.  In Seattle land homes for certain neighborhoods, homes are selling for $100,000 to $200,000 and more over list in the same price range.  Why not take your buying power and apply it towards Seattle’s most affordable waterfront and closest in city neighborhood? We still have multiple offers in the Seattle floating homes market, but the competition is at a more reasonable pace. I think if more buyers were aware of the attainability of this amazing lifestyle, then more people might jump in and enjoy this unique lifestyle of life afloat in Seattle. seattle houseboats

Please call us if you would like to learn more about living life on Lake Union. Courtney Cooper or Molly Cartwright 206-841-6800  Seattle Houseboats Realtors.  We specialize in Seattle floating homes, Seattle waterfront, Seattle luxury homes, and Seattle neighborhoods. Cooper Jacobs Real Estate, SeattleAfloat.com for Life Afloat In Seattle’s Lake Union Neighborhood.

Seattle Houseboats For Sale & Rent – What’s Been Happening Out There With Us Is Good For YOU

Wow!  After a bit of a lull for Seattle Houseboats, a lot is happening out there on Lake Union!2207 fairview ave e

You may have read recently in Molly’s article about one of the Seattle houseboats for rent.  The interesting thing about that is that I also had that houseboat listed for sale and have had this particular Seattle floating home for sale for a few months now. The very day the seller is about to sign a lease, we got not only one offers, but two – multiple offers after months!  In addition to that, after Molly was able to secure a buyer for the floating home, we received multiple inquiries about it.  It goes back to the thing I have always said about homes that have been on the market and then all of the sudden sell because they get some kind of energy in them and all of the sudden everyone want the house!

So the current status of Seattle floating home for sale on the Flo Villa Dock is now pending inspection.  You can see more details about it here: 2207 Fairview Ave E

seattle floating homes for saleAnother One Goes Pending on Fairview:

You may have read one of our postings about Seattle Houseboats Open Houses. The latest one we did also has sold and is pending in escrow at the moment.  This particular property is toward the end of the dock and quite substantial.  If you are looking at a potential luxury floating home on Lake Union, then this one has all the makings of it in potential.  As is, the houseboat is particularly charming and has one of the largest footprints on the lake.  The upside of this one is what you could do with it if you ever thought about expanding.  One could most likely have a three thousand square foot Seattle floating home with a killer view of Lake Union, the Space needle, and the city skyline. It already has an amazing view as a one level houseboat and a great reinforced new roof and stairs for a rooftop deck. This one is a rarity and it has been a pleasure representing it.

Molly was able to help the buyers get all of their float and interior inspections done and together we have been able to give them professional referrals for everything form insurance providers to mortgage lenders. We have coordinated escrow and made this a carefree transaction for both buyer and seller. It is one of the reasons we work so well together and make a great team!  You can read more about this Seattle houseboat for sale here: 2031 Fairview Ave E

We are so excited to finish the end of the year this way, but don’t want to stop!  There are a lot more buyers out there looking for a Seattle floating home and as a result we want more Seattle houseboats to sell!  You can see all Seattle floating homes for sale and Seattle houseboats for sale on our corporate site. Contact us please if you are interested in buying or selling houseboats. Thank you, Courtney.  courtney@cooperjacobs.com or call or text meat 206.850.8841