Michael Morrison The Unique Home Specialist 253.606.5925 Online at: www.MyUniqueHome.com
Annual Lake Report
Featured Properties
7 Country Club
$1,395,000
Rhodesleigh.com
$1,995,000
31CountryClubDrive.com
SOLD
16CountryClub.com
Crosby Estate
SOLD
Lake Steilacoom
SOLD
OnSteilacoom.com
SOLD
Country Club on American Lake
SOLD
$1,175,000
Dear Readers, Welcome to the lake report. Inside you will find hyper-local information on the waterfront real estate market in Lakewood, Washington. Many say you see a person’s true passion come out in the proficiencies that they establish. This is true as I pride myself in being the #1 producing waterfront agent for the area. Case in point, the cover photo is one of my favorites. It was created to showcase the gardens of a Nyanza Road property with Gravelly Lake in the back drop. Whether you are looking to buy or sell in the area, please feel free to call on me and experience the passion difference first hand.
Enjoy,
Michael Morrison Call or Text 253.606.5925 Michael @MyUniqueHome.com
BLVD COOM STEILA
Total All Price Points This is for all three major lakes
SW
18 16 14 12 10 8 6
104TH ST SW
4 2 0
2010
500 and Below
2011
500 to 800k
2012
2013
800-1.0m
2014
1.0m plus
All
This shows the market is shifting. Lower price bands are seeing decreased activity, while the 500-800k price band is seeing an uptick in the middle tier.
W RS
D NS RA TE VE
127TH ST CT SW
DOLLY MADSON ST
128TH ST CT SW
2NC
AMERICAN LAKE PARK
BOAT LAUNCH
FOLS
ON AV
LAKEHOUME RD SW
VETERANS DR SW AMERICAN LAKE GOLF COURSE
129TH ST SW WOODHOLME ST SW
SW
AVENUE D UB O
NNAOMILAWN DR SW
VETERANS DR SW
US
AMERICAN LAKE
H VETERAN AFFAIRS MEDICAL CENTER
W RNE O HO
W NS OL
SILCOX ISLAND
T
LA RT PO
ND
RY DA UN BO
ST H 5T 15 SW
ST
ISIO DIV
N
5
EXIT 120
E AV
5
EXIT 122
5
N THORN SPR UCE ST SW
C R EE K
A RD MO RE
HILL GR OVE L N SW
LA NTC MOU
DEKOVEN DR
72
MOUNT TACOMA DR
MOUNT TACOMA DR
R E SCENT L N
IR
VE S OR A MOT
W
BR IDG EP OR TW AY
GRAVELLY LAKE DRIVE
LN EN
M SO OS SW BL LN
BROOK
LAGOO N LN
N SW
105TH ST SW MILLS DR SW
LAKEWOOD MALL BLVD
WILDAIRE DR SW GLEN ECHO LN SW
E VE
RG
MEADOW DR SW
GR EE LN NGA SW
W
W LAKE STEILA COOM S
TOWER RD S W
RS
OM SW
W RS
CO
ED
TE
EN
ILA STE
RE
FOREST LAKE RD SW
LAKE AVE SW
FE RD AL
LA LN GOO SS N W
KE LA
INTERLAAKEN DR SW
BE AC H
LN
STEILACOOM LAKE
SW
EL NS W
GRE
BR IDG LN
DR
TE EP E
ER L A A INT
KEN L AA
DEKOVEN
ER INT
Market Share
93RD ST SW
K EN
C
D R SW
DR IVE
WAVERLY DR SW
W ES AV
WEST SHORE A VE SW
72N D AVE SW
OM L A KE S T E ILAC O POI N T RD
NIXON AVE SW
HIPKINS RD SW
C
LEXINGON AVE SW
CHAM BE R S
R EE K
BRIDGEPORT WAY W
C
BERS HAM
GR
L LLY AV E
E DRIVE AK
Michael
Competitor 1
Others
Others
Others
Others
Percentage of transactions sides on American, Gravelly and Steilacoom lakes handled by Michael. This shows that Michael has the greatest number of buyers and sellers in the market place ensuring a smooth transaction for you and pool of available properties to pick from and buyers to pull from.
NYANZA R D
SW
GRAVELLY LAKE
DR I
VE
GRAVELLY LAKE
NE L N S W
79TH AVE SW
LAKELAND AVE SW
WA AV LNU E S T 126 ST SW W (LANGLOW)
NORTH ST SW
G R AV E
LLY LAKE DRI V E S
CO
EXIT 123
WOODBROOK D R
RS W BD
CLU DTR Y
UN
S
W
DUBOUS RD SW
SW VETERANS DR
5
EXIT 124
Sales by Lake by Year 12 10 8 6 4 2 0
2010
2011 American
Gravelly
2012
2013
2014
Steilacoom
This shows the breakdown by each lake is proportionately the same with Steilacoom having more activity than the others.
2013 Lake Activity SALE #
CLOSE DATE
ADDRESS
SALE PRICE
17
1 2 / 3 / 2 0 1 3 9201 Lake Steilacoom Pt
16
SQ FEET
LAKE
$480,000
3007
Steilacoom
1 1 / 2 7 / 2 0 1 3 12921 Avenue Dubois
$1,350,000
6682
15
11/22/2013 1 Country Club
$1,600,000
14
10/18/2013 8919 Lake Steilacoom Pt
13
9 / 3 0 / 2 0 1 3 10040 Dekoven Drive
12
9 / 2 7 / 2 0 1 3 11320 Gravelly Lake Drive
11
FRONTAGE
LOT SIZE - Acre
75.00
0.224
American
240.00
1.750
6989
American
230.00
1.447
$590,000
3160
Steilacoom
75.00
0.327
$530,000
3180
Steilacoom
50.00
0.539
$1,435,000
5500
Steilacoom
145.00
1.400
8 / 3 0 / 2 0 1 3 11708 Madera Drive
$625,000
2496
Gravelly
50.00
0.726
10
7 / 3 1 / 2 0 1 3 11420 Gravelly Lake Drive
$975,000
3200
Steilacoom
45.00
1.125
9
7 / 3 0 / 2 0 1 3 10921 Greendale Dr
$410,000
2274
Steilacoom
101.00
0.410
8
7 / 2 2 / 2 0 1 3 9138 Edgewater Drive
$729,000
3874
Steilacoom
275.00
0.517
7
6 / 2 8 / 2 0 1 3 6928 100th St. SW
$860,000
3413
Steilacoom
65.00
0.241
6
5 / 2 / 2 0 1 3 10815 Evergreen Terrace
$690,000
3200
Steilacoom
80.00
0.551
5
4 / 1 6 / 2 0 1 3 12607 Gravelly Lake Drive
$1,903,000
5767
Gravelly
200.00
1.650
4
4 / 1 0 / 2 0 1 3 12523 Avenue Dubois
$695,000
3188
American
47.00
0.660
3
4 / 1 2 / 2 0 1 3 12901 Avenue Dubois
$730,000
3349
American
65.00
0.480
2
2 / 1 5 / 2 0 1 3 7214 Interlaaken
$695,000
3636
Steilacoom
104.00
0.720
1
1 / 8 / 2 0 1 3 9012 Lake Steilacoom Point
$425,000
3036
Steilacoom
75.00
0.327
Averages
$866,000
3879.5
113.06
0.770
High Sale
$1,600,000
Low Sale
$425,000
Notes: Properties considered are those with direct frontage on Gravelly Lake, American Lake and Lake Steilacoom. Homes with lake access and easements are not included in the above numbers. We do handle lake access properties, however they are not factored into the statistics. 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.
Private Sale
2014 Lake Activity SALE #
CLOSE DATE
ADDRESS
SALE PRICE
SQ FEET
LAKE
FRONTAGE
LOT SIZE - Acre
14
10/31/2014 10603 Lake Steilacoom
$575,000
3049
Steilacoom
90
0.551
13
1 0 / 2 4 / 1 4 9110 128th
$675,000
3216
American
55
0.350
12
0 9 / 2 4 / 1 4 8812 Frances Folsom
$775,950
4115
American
50
0.402
11
0 8 / 2 9 / 1 4 12617 Avenue Dubois
$850,000
2456
American
57
0.488
10
0 8 / 2 0 / 1 4 31 Country Club Dr SW
$750,000
4291
American
65
0.480
9
0 7 / 2 5 / 1 4 10224 Green Lane
$790,000
4752
Steilacoom
175
0.886
8
0 7 / 1 8 / 1 4 13028 Lake City Blvd
$700,000
4975
American
39
0.071
7
0 7 / 0 3 / 1 4 9831 Lake Steilacoom
$675,000
2779
Steilacoom
65
0.478
6
0 6 / 1 3 / 1 4 9018 Dolly Madison
$555,000
1898
American
60
0.820
5
0 6 / 0 3 / 1 4 7227 Interlaaken
$525,000
3154
Steilacoom
85
0.220
4
0 5 / 2 1 / 1 4 10837 Evergreen Terr
$600,000
3301
Steilacoom
58
0.372
3
0 4 / 1 0 / 1 4 10512 Brook Lane
$495,000
2558
Steilacoom
93
0.410
2
0 4 / 1 0 / 1 4 9705 Lake Steilacoom Dr
$665,000
9791
Steilacoom
100
0.680
1
0 2 / 1 1 / 1 4 8863 Gramercy Place
$975,000
4691
Steilacoom
135
0.800
Averages
$686,139
3930
82.46
0.501
High Sale
$975,000
Low Sale
$495,000
Notes: Properties considered are those with direct frontage on Gravelly Lake, American Lake and Lake Steilacoom. Homes with lake access and easements are not included in the above numbers. We do handle lake access properties, however they are not factored into the statistics. 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.
Lake Steilacoom
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. GH, WA 98335
The Unique Home Specialist 253.606.5925
Michael Morrison
Mail To:
American Lake
SOLD