Anacortes - Bellingham - Camano Island
San Juan Islands - Sequim - Whidbey Island
The North Sound waterfront market, in which we have included Skagit and Whatcom Counties, primarily consists in the islands of this sub-region of western Washington State. These are all exurban markets, with few really large employers, except for the U.S. Navy’s presence on Whidbey Island. Whidbey, Camano, and Fidalgo Islands are each accessible from the I-5 corridor by bridge, although South Whidbey is also connected by ferry to Mukilteo. While there are highly desirable homes with frontage on the inland lakes and rivers from the Cascade Range to the shore, only 114 of the sub-region’s 537 waterfront sales were of those properties. Of the remainder, 345 homes—64 percent of the total—were sold among the North Sound’s many islands. Island County, comprising Whidbey and Camano Islands, has 212 miles of coastline; and San Juan County, comprising the San Juan Archipelago, offers 375 coastline miles, more than any other county in the United States.
From July 2016 through June 2017, the average waterfront price across the North Sound sub-region was $712 thousand. At a CDOM of 159, waterfront homes here sold more slowly than in the more populated counties to the south. The highest-priced sale was closed for $5.6 million on the sunset-rich western coast of San Juan Island.