Lummi Island, WA Foreclosures
How much do homes sell for in Lummi Island, WA?
The average home price is currently $726,834.
What’s the average rental cost in Lummi Island, WA?
The average rental price in Lummi Island is $1,679.
What is the most expensive home in Lummi Island?
The most expensive home sold in Lummi Island had a price of $4,149,068.
What is currently the cheapest priced home in Lummi Island, WA?
The cheapest home for sale in Lummi Island is priced at $10,318.
Living in Lummi Island, WA
Lummi Island, WA, is a charming and peaceful island community located in the Puget Sound. Known for its stunning natural beauty and tight-knit atmosphere, it offers a variety of outdoor activities and local charm. Residents enjoy a tranquil lifestyle, with access to ferry services connecting to nearby cities for additional amenities and resources.
Current Market Conditions in Lummi Island, WA
Lummi Island's real estate market is currently characterized by stable property values, with a slight increase in demand for waterfront homes. Properties here are seen as desirable, particularly for those looking for vacation or second homes, as well as individuals seeking a permanent residence in a serene environment.
The market has seen an increase in competition among buyers, resulting in quicker sales and occasional bidding wars for prime properties. As more people look for getaway spots or retreats, interest in Lummi Island has grown, leading to a consistent appreciation in home prices.
Home Value Estimator For Lummi Island, WA
There are currently 869 real estate properties
in Lummi Island, WA,
with a median automated valuation model (AVM) price
of $649,357.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lummi Island, WA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lummi Island, WA,
is $726,834.00, with the most expensive house
in Lummi Island, WA, topping out
at $4,149,068.00 and the cheapest home
in Lummi Island, WA,
clocking in at $10,318.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lummi Island, WA!
Rent Prices
In Lummi Island, WA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lummi Island, WA, is on
a rollercoaster ride. The
average rent price in Lummi Island, WA,
is $1,679.00. Indeed, when looking to rent in
Lummi Island, WA, you can expect to pay as little
as $690.00 or as much
as $3,040.00,
with the average rent median estimated to
be $1,700.00. The good news is that finding
an affordable and desirable property to rent in Lummi Island, WA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
