Kristine Odle: Market Snapshot

This is my custom spreadsheet of San Juan Island MLS data that I’ve created to keep track of sales by price range. This simple spreadsheet, reflecting the last three years of sales, will give you a good market “snapshot”, and show you how the national real estate downturn has rippled through our market.

The downturn came later for us than much of the nation, so we saw a big drop in volume of sales in 2008; then volume recovered a bit in 2009 due to a dramatic drop in prices. While our numbers are so small it’s often difficult to use the typical statistics to describe our current market, our median price dropped by 20% from 2008 to 2009, and average sale price dropped by 27% during the same time period. Median/Average days on market to achieve a sale was 5/7 months in 2008 compared to 5.5/6.8 in 2009.

As you can imagine, there are some very good buys for all kinds of properties. Please call me at 360-298-2577 with any questions about finding properties that meet your requirements or listing a property you would like to sell.