San Juans Real Estate Sales Increase 50% From 2019
By Merri Ann Simonson, Managing Broker, Coldwell Banker San Juan Islands Inc
Holy cow, what a year!
In reviewing the year-end results for 2020, the sales dollar volume for the real estate market in San Juan County per the Northwest Multiple Listing Service was $466,709,745 which reflects a substantial increase in volume of 55% as compared to 2019 when the volume was $299,854,773.
The county closed an average of 55 transactions per month which is a 48% increase over last year.
Total volume on San Juan Island in 2020 was $217,576,869 as compared to $139,593,052 in 2019. The increase 56% in volume with an increase of 53% in transaction number. The average number of transactions per month was 25.
Coldwell Banker San Juan Islands Inc. had an extraordinary increase of 70%.
Once lodging was allowed in April, buyers that lived within driving distance flocked to the islands to purchase a second home or safe haven property. COVID, low-interest rates, and the ability to work from home all fueled the migration.
We had fewer transactions but increases in volume which equates to more high-end sales occurring. The charts below do not include commercial or multifamily closed sales.
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