Michael Morrison The Unique Home Specialist 253.606.5925 Online at: www.MyUniqueHome.com
Annual Harbor Report
A Market Study on Upper End Homes in the Gig Harbor Metro Area
Featured Properties
WolllochetBay.com
GigHarborViewHome.com
SaltwaterEscape.com
$2,250,000
$1,199,000
$2,975,000
Dear Readers, Welcome to the Harbor Report. This report shows the local market statistics for the upper end home bracket of $950,000 and over. Here you will find hyper local information such as waterfront stats, docks and more about the homes in this price range. Many say a person’s true passion comes out in their work. This is true as I have come to market some of the most unique homes of Pierce County. In fact, 2014, I produced the most sales in dollars and volume of any luxury focused real estate broker in the county. This along with our National Level award winning marketing, makes us the ultimate choice when buying or selling in the upper tier. I invite you to share and enjoy this report. For assistance with your unique home, feel free to contact me via phone, text or online.
Enjoy,
Michael Morrison Call or Text 253.606.5925 Michael @MyUniqueHome.com
KITSAP COUNTY
Average # of Days for a Luxury Home to Sell In 2013 In 2014
MASON COUNTY North Bay
126 Days 132 Days
2
302
9
Rocky Bay Vaughn Bay
Henderson
Average Year Built of Luxury Home Sold In 2013 In 2014
1993 1988
Dutcher Cove
Horsehead Bay
Percentage of Luxury Home Waterfront Sales w/ Dock
Van Geldern Cove Mayo Cove Carr Inlet
In 2013 In 2014
27% 58%
CASE INLET
4
MCNEIL ISLA Flucy Bay
Pitt Passage
Balch Pa
Henderson Inlet
Baird Cove
Drayton Passage Amsterdam Carson Bay
East Oro Bay Oro Bay
Dogfish Bight Big Slough
McAllister Creek
THURSTON COUNTY
FORT LEW
Olalla Bay
Colvos Passage
1 - Gig Harbor
8
Burley Lagoon
2013 Sales by Area
2 - Purdy 3 - Rosedale
1
3
10% 8
4 - Key Peninsula South
Bay
GIG HARBOR 7
19%
5 - Fox Island
Gig Harbor
7 - Artondale
29%
8 - Gig Harbor North
6 Wallachet Bay
1
3
7
6 - Gig Harbor South 16
16% 3%
23% 5
6
9 - Key Peninsula North
Hale Passage The Narrows
5
TACOMA
Still Harbor
UNIVERSITY PLACE
AND
2014 Sales by Area
assage
WIS
STEILACOOM Cormorant Passage
1
8
FORT LEWIS
7
DUPONT
23% 23% 6
PIERCE COUNTY
10% 3
17%
2 - Purdy 3 - Rosedale
10%
17%
1 - Gig Harbor
5
4 - Key Peninsula South 5 - Fox Island 6 - Gig Harbor South 7 - Artondale 8 - Gig Harbor North 9 - Key Peninsula North
OVERALL SALES BY YEAR
2014
38
2013
23
2012
20
0
5
10
15
20
2013 Trending Average Sale Price $1,950,000
30
35
40
2014 Trending Average Sale Price
$1,853,333.33
$1,950,000
$1,750,000
$1,827,789.00
$1,750,000
$1,550,000
$1,466,544.68
$1,350,000
$1,550,000 $1,232,500.00
$1,150,000
$1,164,146.50
$1,350,000
$1,236,018.34
$1,150,000 $950,000
$950,000
Q1
Q2
Q3
20
15
15
10
8
3
5 Overall Sales by Quarter 2014
Q1
Q3
Q3
Q4
17 13
10
2 Q2
Q2
$1,290,488.24 $1,125,379.39
# of Sales by Quarter 2014
20 10
Q1
Q4
# of Sales by Quarter 2013
0
25
Q4
5 0
Overall Sales by Quarter 2014
4
4
Q1
Q2
Q3
Q4
2014 Average Days on Market
2013 Average Days on Market 250
200
200
150
150
100
100
50
50
0
0
Q1
Q2
Q3
Luxury Home Breakdown of Waterfront vs Non Waterfront 2013
65% Waterfront
8 15
Waterfront Non WF
Q4
Q1
Q2
Q3
Q4
Luxury Home Breakdown of Waterfront vs Non Waterfront 2014
65% Waterfront
13 25
Waterfront Non WF
Noteworthy from 2013 Record sale of $3.6 million was for a contemporary NON waterfront Rosedale Home built in 2004. The area with the most number of upper tier homes sold was Gig Harbor South, which includes Wollochet Bay.
Noteworthy from 2014 Record sale of $2.96 million was for a remodeled waterfront home in the harbor with a substantial dock. The two areas with the most number of upper tier homes sold were Gig Harbor South and Fox Island. There was also a significant uptick in homes sales in general over the $950,000 price point in 2014, up from 23 to 38 total.
2013 Sales Over $950k Year Built
Selling Date
6089
1994
2/4/2013
25
$995,000
8780
2004
2/14/2013
308
$3,600,000
109
1989
2/15/2013
186
$965,000
148
1999
4/5/2013
175
$1,500,000
2002
5/8/2013
109
$1,143,447
2004
6/4/2013
22
$1,525,000
1960
6/10/2013
12
$1,097,000
2008
6/11/2013
168
$1,180,000
1990
6/14/2013
66
$1,125,000
2007
6/14/2013
111
$960,000
2002
6/14/2013
180
$2,010,000
1998
6/14/2013
215
$3,100,000
1997
6/20/2013
252
$1,025,000
1982
7/17/2013
161
$1,300,000
2007
7/29/2013
47
$1,025,000
70'
2002
8/9/2013
27
$1,385,000
4600
+/- 200'
2005
8/12/2013
51
$1,100,000
91000
4240
140
1994
8/19/2013
75
$1,610,000
7 - Artondale
59372
3570
110
1964
8/30/2013
20
$1,175,000
8606 Goodman Dr NW Gig Harbor, WA 98332
1 - Gig Harbor
19602
2399
70' (+/-)
1930
9/13/2013
75
$1,150,000
10129 Cherry Lane NW Gig Harbor, WA 98332
3 - Rosedale
39500
2938
180'
1969
9/30/2013
144
$1,115,000
332891
13614 Whispering Pines Dr NW Gig Harbor, WA 98332
8 - Gig Harbor North
20014
4971
2013
12/20/2013
427
$995,525
494195
524 24th Ave NW Gig Harbor, WA 98335
6 - Gig Harbor South
30102
4909
2013
12/30/2013
35
$1,332,768
#
MLS #
1
439226
2
314001
3
362498
4
394087
5 6 7
479157
8
424118
9
455581
10
435569
11
415940
12
401472
13
403073
14
425383
15
478460
16
499847
17
Dock
Lot Size
Sq Ft
4707 133rd Street NW Gig Harbor, WA 98332
8 - Gig Harbor North
26343
9304 96th St NW Gig Harbor, WA 98332
3 - Rosedale
1008849
Yes
3512 C St NW Gig Harbor, WA 98335
6 - Gig Harbor South
21250
5912
Yes
3130 East Bay Dr NW Gig Harbor, WA 98335
6 - Gig Harbor South
50530
5315
416892
Yes
7305 Soundview Dr Unit 501 Gig Harbor, WA 98335
1 - Gig Harbor
0
3214
469716
Yes
74 Island Blvd Fox Island, WA 98333
5 - Fox Island
124146
4580
125+/-
Yes
460 6th Ave Fox Island, WA 98333
5 - Fox Island
23749
3606
92
12312 Osprey Dr NW Gig Harbor, WA 98332
8 - Gig Harbor North
16553
5906
10812 82nd Ave NW Gig Harbor, WA 98335
3 - Rosedale
54450
5657
1016 Island Blvd Fox Island, WA 98333
5 - Fox Island
217800
5000
Yes
9206 Kopachuck Dr NW Gig Harbor, WA 98335
7 - Artondale
182400
6405
Yes
3408 115th Ave NW Gig Harbor, WA 98335
7 - Artondale
231739
4869
12416 Tanager Dr NW Gig Harbor, WA 98332
8 - Gig Harbor North
33370
4541
7412 Ford Dr NW Gig Harbor, WA 98335
6 - Gig Harbor South
45650
3849
5123 Baker Wy NW Gig Harbor, WA 98332
8 - Gig Harbor North
26136
6187
Yes
283 Shorewood Ct Fox Island, WA 98333
5 - Fox Island
14000
5116
480209
Yes
3623 11th Ave NW Gig Harbor, WA 98335
6 - Gig Harbor South
15840
18
469674
Yes
3016 115th Ave NW Gig Harbor, WA 98335
7 - Artondale
19
504746
Yes
4214 Horsehead Bay Dr NW Gig Harbor, WA 98335
20
486341
Yes
21
456694
Yes
22 23
Yes
Yes
Yes
Yes
Yes
Address
Watefront Frontage
MLS Area Code
Yes
Waterfront
100
537
105
Days on Market
Notes: Information is gathered from public records, courtesy of the NWMLS, and other sales brokered outside of the MLS system that come to our knowledge for market statistic purposes. All information although deemed reliable, should be verified by the consumer.
Selling Price
2014 Sales Over $950k #
MLS #
Dock
Waterfront
1
453560
2
488 Dungeness Dr Fox Island, WA 98333
5 - Fox Island
217800
5314
2000
1/17/2014
202
$1,600,000
472623
Yes
Yes
7906 Goodman Dr NW Gig Harbor, WA 98332
1 - Gig Harbor
44997
8270
150 +/-
1920
2/12/2014
227
$2,961,156
3
535340
Yes
Yes
460 6th Fi Ave Fox Island, WA 98333
5 - Fox Island
33471
3606
92
1960
2/25/2014
141
$1,175,000
4
576839
Yes
Shared
1509 56th Av Ct NW Gig Harbor, WA 98335
6 - Gig Harbor South
117612
6566
125 ft.
1991
2/25/2014
11
$1,575,000
5
580724
Yes
Yes
1128 Hyak FI Place Fox Island, WA 98333
5 - Fox Island
63840
2188
115
1965
4/21/2014
71
$1,000,000
6
589109
Yes
Yes
241 Raft Island Dr NW Gig Harbor, WA 98335
7 - Artondale
21000
3617
131
1999
4/22/2014
41
$985,000
7
547891
506 24th Ave NW Gig Harbor, WA 98335
6 - Gig Harbor South
19658
4711
2013
6/19/2014
246
$1,959,073
8
629126
Yes
11111 12th Av Ct NW Gig Harbor, WA 98332
8 - Gig Harbor North
45302
5159
82
2005
6/19/2014
43
$1,000,000
9
567097
Yes
975 Gway Dr Fox Island, WA 98333
5 - Fox Island
56737
4163
141
2006
7/1/2014
208
$1,056,000
10
659174
502 24th Ave NW Gig Harbor, WA 98335
6 - Gig Harbor South
21696
3876
2014
7/1/2014
5
$1,343,932
11
588384
1192 Queets Dr Fox Island, WA 98333
5 - Fox Island
34195
4426
2004
7/18/2014
91
$950,000
12
647996
9020 Randall Dr NW Gig Harbor, WA 98332
1 - Gig Harbor
15246
2315
65
1986
7/23/2014
14
$990,000
13
491330
43 Raft Island Dr NW Gig Harbor, WA 98335
7 - Artondale
30597
3118
144+/-
1976
7/24/2014
349
$950,000
14
456390
708 135th St NW Gig Harbor, WA 98332
8 - Gig Harbor North
73219
7200
1992
8/15/2014
448
$1,015,000
15
666251
Yes
2825 Harborview Dr Gig Harbor, WA 98335
1 - Gig Harbor
24000
2364
1964
8/18/2014
20
$1,580,000
16
629481
Yes
7820 Warren Dr NW Gig Harbor, WA 98335
6 - Gig Harbor South
17700
3730
1997
8/25/2014
95
$1,025,000
17
646787
14 35th Av Ct NW Gig Harbor, WA 98335
6 - Gig Harbor South
17269
4692
2005
8/28/2014
59
$1,115,000
18
575388
Yes
Shared
7818 Warren Dr NW Gig Harbor, WA 98335
6 - Gig Harbor South
37885
5135
1968
8/29/2014
197
$1,275,000
19
558555
Yes
Yes
3414 Horsehead Bay Dr NW Gig Harbor, WA 98335
7 - Artondale
88000
3500
1982
9/8/2014
220
$1,130,000
20
656137
494 Dungeness Dr Fox Island, WA 98333
5 - Fox Island
217800
4850
2010
9/12/2014
50
$1,200,000
21
545746
8024 Goodman Dr NW Gig Harbor, WA 98332
1 - Gig Harbor
40942
834
1900
9/29/2014
244
$1,000,000
22
653109
7412 108th St NW Gig Harbor, WA 98332
3 - Rosedale
289238
4474
2007
10/6/2014
85
$968,000
23
660043
Yes
7112 Ford Dr NW Gig Harbor, WA 98335
6 - Gig Harbor South
44431
4656
146
2004
10/8/2014
77
$2,100,000
24
680276
Yes
3918 51st Av Ct NW Gig Harbor, WA 98335
6 - Gig Harbor South
49223
5028
112 Feet
2003
10/15/2014
26
$1,265,000
25
696663
4508 124th St Ct NW Gig Harbor, WA 98332
8 - Gig Harbor North
30659
4265
2001
11/5/2014
8
$1,060,000
26
683024
Yes
7412 Ford Dr NW Gig Harbor, WA 98335
6 - Gig Harbor South
45650
3849
100
1982
11/6/2014
34
$1,396,000
27
674037
Yes
472 6th Fox Island Ave Gig Harbor, WA 98333
5 - Fox Island
20075
3888
100
2003
11/7/2014
47
$1,345,000
28
684120
Yes
9010 Warren Dr NW Gig Harbor, WA 98335
7 - Artondale
43104
4785
140 ft
2014
11/10/2014
45
$1,870,000
29
467666
Yes
9922 36th St NW Gig Harbor, WA 98335
7 - Artondale
131987
4686
125
1991
11/12/2014
511
$1,238,000
30
620699
Yes
3519 Harborview Dr Unit 1 Gig Harbor, WA 98332
1 - Gig Harbor
7804
2278
1990
11/17/2014
171
$975,000
31
589841
Yes
2921 Horsehead Bay Dr NW Gig Harbor, WA 98335
7 - Artondale
27600
4067
1979
11/17/2014
255
$1,200,000
32
664328
Yes
217 Bella Bella Dr Fox Island, WA 98333
5 - Fox Island
20038
5745
100
1997
11/20/2014
98
$1,155,000
33
676507
Yes
4023 Forest Beach Dr NW Gig Harbor, WA 98335
7 - Artondale
25997
3942
100 +/-
1991
12/3/2014
96
$1,060,300
34
676990
Yes
535 7th Ave Fox Island, WA 98333
5 - Fox Island
218671
3462
113
2003
12/9/2014
92
$1,250,000
35
707968
Yes
707 Chinook Dr Fox Island, WA 98333
5 - Fox Island
139394
2056
175/220
1900
12/15/2014
3
36
642174
7305 Soundview Dr #402 Gig Harbor, WA 98335
1 - Gig Harbor
7435
4476
2002
12/15/2014
172
$1,100,000
37
688174
3906 51st Av Ct NW Gig Harbor, WA 98335
6 - Gig Harbor South
72745
8000
1991
12/23/2014
113
$1,550,000
38
726885
719 23rd Ave NW Gig Harbor, WA 98335
6 - Gig Harbor South
57708
3527
2014
12/22/2014
189
$1,431,000
Yes
Yes
Yes
Yes
Shared
Yes
Yes
Address
MLS Area Code
Lot Size
Sq Ft
Waterfront Frontage
94'
100
99 Feet No Bank
79 feet +/-
Year Built
Selling Date
Days on Market
Notes: Information is gathered from public records, courtesy of the NWMLS, and other sales brokered outside of the MLS system that come to our knowledge for market statistic purposes. All information although deemed reliable, should be verified by the consumer.
Selling Price
$975,000
LIVING ACCESS SUPPORT ALLIANCE
Michael Morrison’s Art and Home with Martha Reisdorf to Benefit to LASA The concept of Art and Home to benefit others has been an ongoing passion for Michael Morrison of Morrison House Sotheby’s International Realty. His latest twist is in collaboration with abstract expressionist artist, Martha Reisdorf (www.MartharReisdorf.com) This latest collaboration will directly benefit LASA (Living Access Support Alliance www.LASAWA.org) Michael has brought in works of Reisdorf to be shown at select listings which are currently listed for sale. The homes and the art pieces are available for sale. 100% of the art commissions goes to benefit the LASA organization. LASA is a community-supported agency which works to prevent homelessness and recurrent homelessness. They work to provide housing for over 65 families at any one time and annually provide prevention services to over 250 families in the South Puget Sound Region. For more information on the collaboration or to purchase a home or piece of art, please contact Michael directly at 253.606.5925 or online at www.MyUniqueHome.com
A UNIQUE JOINT EVENT
2nd Thursday, monthly from March to November. 5pm to 8pm 3004 Harborview Drive, Gig Harbor, WA
In collaboration with the Thursday Night Out events by the Historic Waterfront Association, we have partnered with luxury purveyors to create a dynamic opportunity to showcase our lifestyle homes offered for sale. The right exposure makes sense.
Downtown Gig Harbor
SOLD
Each office owned and operated individually. All information published does not constitute a contract, offer or promise, and should be verified from the reader. All information obtained from public sources including public sales records and MLS statistics. This is not a solicitation of currently listed properties with other brokers. Equal Housing Opportunity.
3004 Harborview Dr. Gig Harbor, WA 98335
The Unique Home Specialist 253.606.5925
Michael Morrison
Mail To:
Downtown Gig Harbor
SOLD