Real Estate News
Posted May 2, 2015 at 5:58 am by Tim Dustrude
Merri Ann Simonsen has the first quarter results for real estate transactions to share with you…
Merri Ann Simonson
The first quarter results for San Juan Island were very exciting, as the real estate dollar volume was up 36% from the same three month period in 2014. The number of transactions was 50 which is down 8%. This decrease in transaction number but increase in volume is a result of 7 transactions that closed in excess of $1,000,000 each during the first quarter on San Juan.
Having recovery in the high-end of our market is a very positive sign. Over time, high-end sales will increase our median home price and hopefully lead to appreciation and more confidence in our recovery.
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