Presenting the Market Report for Quarter 1 of 2024, written by our Designated Managing Broker Jacoba Porter. As we delve into the pulse of the real estate market in San Juan County during the initial quarter of 2024, the figures provide a comprehensive snapshot of the current scenario.
Presenting the 2023 Market Review written by our Designated Managing Broker, Jacoba Porter. Our local and national real estate markets continued their cooling trend in 2023.
Dollar Volume and Transaction Trends on San Juan Island – YTD Q3 2023, San Juan Island experienced a 13% decrease in dollar volume sold compared to the same period in 2022. The dollar volume reached $117,630,750 in 2023, down from $135,602,214 in 2022. Simultaneously, the number of transactions decreased by 9%, dropping from 137 in 2022 to 125 in 2023…
Despite the fluctuations and changes, the San Juan Island and San Juan County real estate markets continue to be sought-after destinations for buyers. The island’s natural beauty, serene surroundings, and vibrant community contribute to the long-term value of real estate properties…
To say that we, both real estate professionals and consumers alike, have been sitting on the edge of our collective seats waiting to see what type of market 2023 would bring would be an understatement…
Looking back at the final numbers for sold dollar volume and number of real estate transactions in San Juan County, it is clear that our market was in a corrective state in the last half of 2022…
The end of the 3rd quarter of 2022 paints us a picture of a market that is continuing to correct on San Juan Island and in San Juan County…
As we wrap up the 2nd quarter of 2022, we reflect on our market and all the changes it has gone through over the past few years; where it is now, and where it is headed…
Its been an interesting 12 months for real estate to say the least- real estate has been on fire! Supply is still very low, demand is still very high. The 2021 real estate market has been an anomaly and is not predicted to continue on this path forever…