Median home prices are up in King County but up even more in Pierce, Kitsap and Thurston counties, suggesting that close proximity to Seattle may not be as important now as it was prior to the pandemic. With current inventory levels for equestrian property approaching zero, it’s a very favorable market for sellers. More new listings are expected to hit the market as we head into the first few months of the year, but strong buyer demand is likely to absorb that new inventory quickly, continuing to push home prices higher.
84 equestrian properties were sold in the fourth quarter of 2020 in Pierce, King, Kitsap and Thurston counties – a 9% increase in sales activity compared to the fourth quarter of 2020 despite low housing inventory levels.
Because of the unique considerations involved in buying or selling a horse property, relying on a Realtor with real world equestrian experience makes good sense. If you’re thinking about buying or selling a horse property in the Puget Sound area, please give me a call to discuss how I can put my knowledge and experience to work for you.