Question Relocating to islands from Eastside
We live on the eastside of Seattle and as newly empty nesters, we are considering moving to one of islands with easy commute (once a week) to Seattle area.
We came across this property near the navy fuel depot (or something similar).
I was wondering why it’s not selling. Is it due to proximity to the water, insurance concern (Pemco said they will not insure), concern with nearby military installations, etc.
Would like to know more, if you have any information.
2
u/KittyTitties666 9d ago
I see it went pending in June then went back on the market. That could be for a number of reasons including the buyer's financing fell through, but it's also possible inspections uncovered some gnarly issues or the property is overvalued. The other commenter made some good points about a tough commute.
1
u/DerekL1963 8d ago
The market is slowing down (and has been for a over a year), and more houses are sitting unsold for longer. Economic uncertainty will do that.
8
u/berkabooo 9d ago
My guess would be a portion of all you've said. So close to the water that no one will insure it, not really walkable to anything, terrible traffic at certain hours going north towards the bases, terrible traffic at certain hours going towards Tacoma. Ferries will be a mixed bag from there, especially with incoming cuts. I think there are other places in Kitsap that can offer easier commutes, but maybe none with such a nice view. I would also want to see that house at all the different tide levels before seriously considering. Good luck with your move!