Shalimar Waterfront Homes Market Update – June 2025
Waterfront homes in Shalimar come with prestige, but in this market, price discipline still matters. Homes that sat too long gave up big money — and nothing sold in under 30 days. Here's what the past 12 months revealed:
Market Snapshot
- Total Waterfront Homes Sold: 7
- Currently Active: 7
- Pending Sales: 2
- Average Sold Price: $1,337,142
- Median Sold Price: $1,335,000
- Average Home Size: 3,575 Sq Ft
- Average Price per Sq Ft: $405
- Average Days on Market: 77
Price Trends
- Average Price Adjustment: -$114,809 (-7.52%)
- Sold/List Price Ratio (avg): 90.63%
- Sold/Original List Ratio (avg): 87.29%
Time on Market Breakdown
| Days on Market | % of Sales | SP/LP Ratio | SP/Original List Ratio |
|---|---|---|---|
| 0–30 Days | 22.22% | 82.14% | 82.14% |
| 31–60 Days | 22.22% | 90.45% | 89.28% |
| 61–90 Days | 22.22% | 90.00% | 83.02% |
| 91–120 Days | 22.22% | 96.11% | 89.06% |
| 121+ Days | 11.11% | 95.24% | 95.24% |
Key Insight
None of the waterfront homes in Shalimar sold within the first 30 days without a deep discount. The one that did sell quickly only closed because the seller dropped the price dramatically — over $300,000 off the original list.
This confirms what top-performing sellers already know: even high-end homes must be priced for today's buyers — not last year's comps. In this segment, buyers are informed, and they’re patient.
If you're thinking about listing your waterfront home in Shalimar, and want to sell fast without a massive price cut, we should talk.