SJI Real Estate Market Summary
Posted July 15, 2015 at 5:41 am by Tim Dustrude
Merri Ann Simonson – Contributed photo
Merri Ann Simonson of Coldwell Banker SJI shares this quarter’s news…
The second quarter results which complete the first half of the year for San Juan Island were very similar to 2014 as the real estate dollar volume reflected an increase of only 2% over the same period. The number of transactions was down slightly with a 3% decrease.
Overall, San Juan County’s volume was up 5% with 290 transactions in the first half of 2015, as compared to 269 in 2014 or a 8% increase. Shaw and the outer non-ferry serviced islands dollar volume was actually down 32% but their transaction numbers reflected an increase. The volumes on Orcas and Lopez reflected an increase of 9% and 47% respectively; go Lopez! Transaction numbers were similar to 2014. Volume increases with a decrease in numbers is an indication of higher priced property sales.
It is apparent that our recovery is nice and controlled which is favorable as a steady pace is more sustainable. Click here for the full report. (PDF)
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