Whidbey Island Real Estate Information

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Whidbey Island Real Estate Market Report

April 18th, 2012 at Wed, 18th, 2012 at 3:37 pm by Rick Schutte

Whidbey Island Beach House for SaleAfter four years of a downward trend in real estate sales on Whidbey Island, the real estate market seems to finally be stabilizing. After reviewing the first quarter statistics for 2012, it is evident that the number of housing sales is  pretty consistent with the sales from the first quarter of 2011, especially on the north end of Whidbey Island. Prices though, are still softening a little, but the lower end priced homes are selling with less amount of days on the market. That is a good sign, meaning that first time buyers are entering the market, which must happen so that move up buyers can then purchase.

As we begin the second quarter of the year, sales pending has increased slightly. Talking with local agents, it seems that consumer confidence is improving and that there are more and more people considering buying instead of renting homes. That is very good news, since the housing industry affects so many people in our communities.

All in all, I am cautiously optimistic about the real estate market for Whidbey Island. I hope that you are also. I really believe the worst is behind us. Wishing you a fantastic future and looking  forward to keeping you informed of our local real estate news here on beautiful Whidbey Island.

 

Rick is the owner/designated broker of Coldwell Banker Koetje Real Estate and Koetje Property Management. He has been involved with the real estate industry on Whidbey Island for over 32 years. He is a past president of the NWMLS as well as a current board member of the North Puget Sound Association of Realtors. He has been designated by the National Association of Realtors as a Certified Real Estate Brokerage Manager as well as a Graduate of the Real Estate Institute. Rick can be reached at 360-675-5811 or cbk@WhidbeyRealEstate.com You can also check out his website at http://www.cbkoetje.com

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