Equestrian home values have increased significantly throughout the Puget Sound region this year, due in large part to strong buyer demand, historically low interest rates and unbelievably low inventory levels.


Fourth Quarter Equestrian Home
Market Update

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.

Current Market Conditions

    • According to Freddie Mac, Fannie Mae and the National Association of Realtors, interest rates are likely to remain at or near 3% in 2021, continuing to fuel buyer demand.


    • Zillow predicts at least a 10% increase in home prices in 2021, making it even more challenging for first time homebuyers to enter the market.


    • With the COVID-19 vaccine roll out underway and the end of the pandemic in sight, homeowners are expected to feel more comfortable putting their houses on the market, adding more inventory to meet increased demand.


  • Zillow predicts a 22% increase in home sales activity in 2021, which would be the largest year over year increase since 1983.

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.

Jeff Williams

Jeff Williams has been riding and showing American Quarter Horses since childhood and is a top-producing Realtor with Windermere Chambers Bay, specializing in equestrian property sales in King, Pierce, Kitsap and Thurston counties.

Jeff Williams: (253) 303-1135

Contact Jeff Williams

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