Orcas Island and the San Juan Island Sales History

Here is the latest scoop on sales in the San Juan Islands, which includes Orcas, San Juan Island, Lopez Island and Shaw.  The chart above shows how prices have changed since 2002, peaked in 2007 and fell in 2009. Now at last in Seattle we are seeing the market stabilizing and actually showing small increases. In the past, the Orcas Island Real Estate Market has followed the Seattle Market.

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If you are considering selling property on the San Juan's this chart tells you just how far you need to plan ahead. What it does not say is how much the properties that actually sold had to drop their price.

Innman News - reported the following today:

"SAN FRANCISCO -- The financial crisis is over and the economy is growing at a fast enough clip that the Federal Reserve and other policymakers have already fallen behind the curve in preventing the next asset bubble, economist Ken Rosen said today.
Rosen, the chairman of the University of California, Berkeley's Fisher Center for Real Estate, acknowledged that most economists are still more worried about deflation than inflation."

If you too have been hearing that we have hit the bottom, in fact hit the bottom last summer, and you are thinking of a new lifestyle - check out the San Juan Islands.

To see what is currently available go to: www.orcasdreams.com

Or Email kate@orcasdreams.com

Plan to make your dreams come true!