San Juan Island and County Real Estate Market Summary
Merri Ann Simonson shares this market summary with you…
The third quarter results for San Juan Island and San Juan County were consistent with the first quarter results; very robust. Our market continues to outperform all historic landmarks. Per the NWMLS, the dollar volume year-to-date on San Juan Island was $184,762,056 with a total of 254 transactions. This reflects a 32% increase in the dollar volume and a 34% increase in the number of transactions. For San Juan County, the total dollar volume was $421,393,152 with a total of 518 transactions. The County also had an increase which was 43% in dollar volume and 20% in number of transactions.
Despite low inventory levels, our volume is incredible. As of October 4, the total inventory for San Juan Island had 106 listings for all types of properties with 39 of those pending in escrow and another 67 active listings.
For the County, the inventory total was 247 listings with 82 of those pending and 165 active listings. These are historically low, but apparently not low enough to stall the sales and slow down the market.