If you are allergic to data, don’t read this, because it has a lot..:-)
Here’s a snapshot of the past 15 months of real estate activity for the Whidbey Island real estate market from Coupeville to Clinton. It excludes Oak Harbor and Camano Island which are very different markets compared the southern half of Whidbey Island.
The graph below shows the total number of single family homes for sale and sold in the past 15 months. Notice the seasonal nature of [...]
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Attached is the latest Gardner Report covering the third quarter of 2011. According to Matthew’s analysis, the economy continues at a tortoise-like pace with slow, plodding improvements. Compared to the first six months of the year, Island County’s unemployment rate fell to (8.8%) from last quarter, but still a slight increase over this time period last year. In YTD Closed Sales, Island County is down 1% in units. Claiming it is still unfair to look at year-over-year prices due to [...]
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I don’t usually post another blog or document in it’s entirety, but in this case, I thought it was important enough to do so. Many leading economists and regular citizens, me included, believe solving the nation’s housing crisis is the singular most important near term economic issue facing our nation, not withstanding the current focus on the federal deficit. Below is the National Association of Realtors (NAR) position paper on how to stabilize and resolve the housing crisis [...]
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The above chart shows the last 15 months of real estate activity for South and Central Whidbey. See discussion below:
The summer finished with a total of 103 homes being sold in July-Sep 2011 compared to 83 for the same period last year which is an increase of 24% more homes sold. This high sales rate in the summer meant that the overall sales for 2011 YTD is now slightly higher than 2010 with a total YTD homes sold of 225 [...]
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It has been a while since I have had time to analyze the active listing and closed sales real estate data for Whidbey Island, so I thought it would be good to give everyone an update. The data presented below is through the end of September, just as we are headed into what has traditionally been a quiet time for real estate sales. The conversation among realtors is that this year is not typical in any way, [...]
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Mexican Standoff?
Wikipedia describes it as a slang term used for a stalemate or impasse, a confrontation that neither side can win in the foreseeable future. It describes the conflict between buyers and sellers in the real estate market today. There is a huge amount of nostalgia for the boom days of 2004 and 2005 from sellers. They have been racking up the profits in their notebooks that they will make when they sell. They [...]
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