Mer­ri Ann Simon­son checks in again with this mon­th’s mar­ket snap­shot. Here she is with more… This is the Decem­ber Mar­ket Snap­shot as pre­sent­ed by the Simon­son and Zam­brovitz Team. The mar­ket is very sim­i­lar to last year this time as it relates to inven­to­ry and pend­ing transactions.

The San Juan Com­mu­ni­ty Home Trust held its Annu­al Meet­ing recent­ly. The theme of the meet­ing was cel­e­bra­tion — of 20 years of oper­a­tion of the Home Trust, 41 per­ma­nent­ly afford­able homes devel­oped and occu­pied, and anoth­er 8 units com­ing online in 2022. The vision and work of the organization’s founders was rec­og­nized in a con­ver­sa­tion  Con­tin­ue Reading

Mer­ri Ann Simon­son has anoth­er Real Estate News col­umn for you… Real Estate Is Best When Kept Local Using local real estate bro­kers and local real estate relat­ed ser­vice providers is very impor­tant when buy­ing or sell­ing real estate.  Boots on the ground here brings the exper­tise.  Fur­ther, it is sim­i­lar to buy­ing local­ly sourced food and  Con­tin­ue Reading

20 years, 41 homes, 61 low-and mod­­er­ate-income earn­ing fam­i­lies have enjoyed home own­er­ship and liv­ing sta­bil­i­ty on San Juan Island. Incor­po­rat­ed in 2001 as a Com­mu­ni­ty Land Trust Devel­op­ment Cor­po­ra­tion, the San Juan Com­mu­ni­ty Home Trust is cel­e­brat­ing its 20th year of devel­op­ing per­ma­nent­ly afford­able hous­ing on San Juan Island.  The vision of founders Lar­ry  Con­tin­ue Reading

This is the Novem­ber 1st Real Estate Mar­ket Snap Shot for San Juan Island.  The infor­ma­tion was pro­vid­ed by the Simon­son and Zam­brovitz Team that work at Cold­well Banker San Juan Islands.

What’s going on with Vaca­tion Rental Per­mit­ting in San Juan Coun­ty?  Tune in to find out Wednes­day, Octo­ber 27, 2021, when Land Use Con­sul­tant, Francine Shaw, gives us the 411 and answers your ques­tions.  Click the link below to reg­is­ter for the Noon Zoom! https://sanjuanrealestateresources.com/resources/ola/services/vacation-rental-permitting-on-sji

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  Con­tin­ue Reading

Below is our Mar­ket Snap Shot for Octo­ber 2021 com­plet­ed by Mer­ri Ann Simon­son.  This one focus­es on the amount of inven­to­ry.  Even though our inven­to­ry is low, it has yet to impact our clos­ing vol­ume.  Our full quar­ter­ly newslet­ter will be out next week, and it pro­vides full details, vol­ume is huge this year.

It is not uncom­mon for a rental agree­ment to play a role in a real estate trans­ac­tion.   Tim­ing can be every­thing and often the homes on the mar­ket are occu­pied by a ten­ant or sell­ers are unable to time the clos­ing of their cur­rent home and the pur­chase of their next home. In some cas­es,  Con­tin­ue Reading

Tama­ra Weaver, a bro­ker with Win­der­mere Real Estate San Juan Island has opened a new busi­ness, San Juan Real Estate Resources (SJRER), to help peo­ple nav­i­gate the maze of buy­ing or sell­ing real estate on San Juan Island. Here’s what she has to say about it: “I think there are a lot of peo­ple out there  Con­tin­ue Reading

A big THANK YOU to the San Juan Island Com­mu­ni­ty Foun­da­tion for the sup­port they have shown to local non prof­its includ­ing the San Juan Com­mu­ni­ty Home Trust, at the 2021 Coun­ty Fair.  We build San Juan Island’s only per­ma­nent­ly afford­able hous­ing. By offer­ing all local non prof­it orga­ni­za­tions the oppor­tu­ni­ty to par­tic­i­pate in their match­ing  Con­tin­ue Reading

At their Sep­tem­ber 21, 2021 meet­ing the San Juan Coun­ty Coun­cil offi­cial­ly released a Request for Pro­pos­als (RFP) to pur­chase 5 acres of land on Lopez Island for the devel­op­ment of afford­able hous­ing. San Juan Coun­ty seeks an expe­ri­enced devel­op­er to pur­chase the par­cel locat­ed on Fish­er­man Bay Road just out­side of Lopez Vil­lage. The  Con­tin­ue Reading

Below is a Snap Shot of our cur­rent mar­ket cre­at­ed by Mer­ri Ann Simon­son of Cold­well Banker SJI.  This one focus­es on the sales in excess of $1m each.  Zil­low fore­casts that we shall expe­ri­ence an aver­age of 6.6% val­ue increase for all types of sin­gle fam­i­ly homes dur­ing the next 12 months.

Homeowner’s Haz­ard Insur­ance One thing to seri­ous­ly con­sid­er in these times of esca­lat­ing val­ues for our homes on the island is the ade­qua­cy of your home­own­er insur­ance. Our homes have increased in val­ue over the last few years and the cost to replace has increased dra­mat­i­cal­ly, there­fore, your cov­er­age may not be ade­quate.  In the  Con­tin­ue Reading

The San Juan Com­mu­ni­ty Home Trust is pleased to announce the appoint­ment of Aman­da Eichel­berg­er as their new Exec­u­tive Direc­tor, effec­tive August 2, 2021.  Eichel­berg­er joins the Home Trust at a crit­i­cal time as they launch their new devel­op­ment, Hol­li­Walk, sched­uled to break ground in ear­ly 2022.  Grant writ­ing, advo­ca­cy and expe­ri­ence in the Afford­able Hous­ing  Con­tin­ue Reading

By Mer­ri Ann Simon­son, Man­ag­ing Bro­ker, Cold­well Banker San Juan Islands Inc Medi­an and aver­age prices, trans­ac­tion vol­ume and the num­ber of pend­ing sales are up. Inven­to­ry, days on the mar­ket and per­cent­age of nego­ti­a­tions off the list price are down. This is an incred­i­bly strong seller’s mar­ket. The sec­ond-quar­ter results, which com­plete the first half of  Con­tin­ue Reading