Equestrian home prices were up in all counties in the fourth quarter of 2021 but not as much as the gains we’ve seen with more traditional housing stock.


Fourth Quarter Equestrian Home
Market Update

We saw double digit year over year price gains for equestrian properties in King and Thurston counties in the fourth quarter of 2021, but median sale prices in Pierce and Kitsap counties were only up 2% when compared to the fourth quarter of 2020.


With current inventory levels approaching zero, it’s a very favorable market for sellers.  New equestrian 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.


122 equestrian properties were sold in the fourth quarter of 2021 in Pierce, King, Kitsap and Thurston counties – a whopping 45% increase in sales activity compared to the fourth quarter of 2020.  Sales activity was disproportionately brisk in Pierce County.


Horse properties have continued to sell quickly – in 3-6 weeks on average, depending on location.


Current Market Conditions

    • According to Lawrence Yun, chief economist for the National Association of Realtors, the frenzied housing market of 2021 is likely to level out in 2022, due in part to anticipated interest rate hikes by the Federal Reserve.


    • A group of 20 leading economists predicts a relatively modest 5.7% increase in median home prices in 2022, a noticeable change from the double digit increases we’ve seen for the past few years.


    • Real estate investors purchased nearly 20% of all homes sold in 2021, cutting into inventory available for first time home buyers.  If home price appreciation tapers off in 2022 as expected, investor interest will likely taper off as well.  That’s good news for traditional home buyers.


  • Jessica Lautz, VP of behavioral insights and demographics for the National Association of Realtors, reports that many baby boomers are choosing to age in place, holding on to their homes longer and contributing to the ongoing shortage of housing inventory.
Gig Harbor

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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