Updates, news and information about Whidbey Island Real Estate.
Whidbey Island Real Estate Market ReportApril 18th, 2012 at Wed, 18th, 2012 at 3:37 pm by Rick Schutte
After 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.