This recent report from Puget Sound Business Journal's Jeanne Lang Jones speaks to the whiplash effect that rising residential prices has on lot demand. In King & Pierce County national developers have entered the scene in the past 3 years and purchased many of the "developed" lots but few new lot developments are underway and the the supply is a ticking clock. Prices for bare land have ratcheted up accordingly.
At the beach there is a strong supply of attractive lots and the prices make them even more so. Following the I-5 trend… now would be a great time to invest in a piece of property on the coast. Review the story here CLICK