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.
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.