Whidbey Island Real Estate Market Update 2012
Whidbey Island Beach House For Sale
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.
Owning a Home on Whidbey Island is More Than a Financial Investment
| Owning a home on Whidbey Island is more than a financial investment. Owning a home is a place for making memories, a place to invite friends, a place that you can call your own. Raising a family in your own home creates so many fantastic memories and experiences. Playing ball in the front yard. Having friends over for a bar-b-que and just relaxing and laughing after a day of mowing the lawns or working in the garden. Taking time after work to sit on the front porch and visit with your spouse and children. What great memories can be made living in your own Whidbey Island home or where ever you may live. Home ownership is still the part of the Great American Dream.
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Whidbey Island Real Estate Website Demonstation
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Coldwell Banker Koetje Real Estate, Whidbey Island real estate professionals, is pleased to share a demonstration of their website. This website is designed to make your search for Whidbey Island homes for sale easy and accessible. It will help to answer any of your real estate questions about our local area and will help to direct you to links that will answer any other questions about our beautiful Whidbey Island and surrounding areas. Please feel free to contact us at 360-675-5915 or cbk@WhidbeyRealEstate.com with any questions or comments or visit our website at www.WhidbeyRealEstate.com
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North Whidbey Island Home Sales Update
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January 2012 is over and we are headed into an exciting new year of opportunity. In researching the statistics for North Whidbey Island home sales for January, we have found that the market seems to be starting a rebound. The number of active listings (homes for sale) is decreasing and the number of pending sales is increasing which is a very good indicator for a stabilizing market. Also the number of days that homes are on the market for sale is decreasing. Another great statistic is our sales prices. After a number of years of decline, we seem to be bouncing along the bottom. Prices have stabilized with a little increase in some markets. New construction and condominiums are still at a slow pace but there is light at the end of the tunnel. For purchasers this is still a good time to be considering buying a home. With the interest rates at an all time low and the market still soft, now seems to be the best time to be a buyer. As we approach the summer selling season, I believe that with the decreased amount of homes for sale, the prices will start to inch up. Hopefully interest rates will stay down for some time. For more information on the Whidbey Island Real Estate Market or Whidbey Island Homes for Sale, please feel free to contact us at 360-675-5915 or click on the link below. |
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Go Green – Five Ways to Reduce Your Heating Bill
Like you, we are always trying to discover ways to save money. This interview with Rick Bunzel of Pacific Crest Inspections gives us five great tips on ways to reduce our heating bills.
- Lower your hot water heater to 120 degrees
- Use a programmable thermostat to drop night time temps to 55 degrees
- Change your furnace filter regularly and make sure the furnace is tuned.
- Have your duct work checked and vents balanced
- Add insulation to the attic
By following these tips and watching your energy consumption, you should be able to save some money and help the planet. We hope that you have enjoyed these energy saving tips. Please feel free to contact Rick Bunzel at Pacific Crest Inspections, 1-866-618-7764, or contact any of us at Coldwell Banker Koetje Real Estate in beautiful Oak Harbor, Wa. for any other real estate related questions or comments. We are here to serve you.
Whidbey Island HUD Homes For Sale
If you are looking for a Whidbey Island home to buy for yourself and/or your family, or you are an investor looking to buy Whidbey Island real estate at the best prices, HUD Homes can provide you just what you are looking for, at an often times unbeatable price. Here are a few important tips about buying a HUD Home.
1. How do I purchase a HUD Home? All HUD homes available for sale are listed for sale on the HUD website www.homestore.com All bids for HUD homes must be placed by a licensed, HUD registered real estate agent. An agent experienced in HUD home sales will be your best asset in locating and successfully negotiating your HUD home. 2. How can I obtain financing for HUD home purchases? A local mortgage broker or lender can help you finance a HUD home purchase, same as a normal home purchase. You can use FHA, VA or conventional financing to purchase a HUD home. 3. Are there special programs for teachers, police officers, fire fighters and EMS personnel to purchase HUD properties? YES! The Good Neighbor Next Door (GNND) program allows people in these professions to purchase qualifying HUD homes at a 50% discount with certain occupancy requirements. Verify Qualifications for this Program or get mor information. For More Information on Whidbey Island HUD homes for sale please see the link below. We would be happy to answer your questions. |
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Whidbey Island Real Estate Update
As we approach the end of 2011, we wanted to give you a Whidbey Island Real Estate update. Since we are still in December, the final results won’t be available to be posted for a few weeks, but I thought I would give you a taste of the real estate market here on beautiful Whidbey Island. I will show you a snapshot of total sales and median prices for the three areas of Whidbey Island; North, Middle, and South. In my next post I will include graphs and explanations for the total 2011 sales.
- North Whidbey Island, which includes every sale north of Libbey Rd, was down both in total transactions and median sales price. Sales were down approximately 6% from 2010 and the median sales prices was down approximately 5%.
- Central Whidbey Island saw a year where the sales increased approximately 6% but the median sales price remained about the same as 2010.
- South Whidbey Island experienced an increase in sales of approximately 1.5% but declined in median sales price of close to 13%.
As we have always been told, real estate is very local. These few statistics only give a snapshot of the overall market in these areas. Individual homes and locations can vary by quite a large differential. Your Coldwell Banker Koetje Real Estate professional can help you with your particular property’s value and ability to be sold. I will be posting a much more in-depth Whidbey Island Real Estate market report in a few weeks.
Christmas Season Wishes
Holiday Season and all through the house, the kids are coming and bringing their spouse. Where will we put them, where will they sleep? That is the question, I ponder and weep.
I have a solution, let’s call our agent. They will know what to do, their wisdom is contagious. So what do they say, let us watch the video and imagine. A new house that will fit everyone, Our very own new mansion. Merry Christmas to All and to All a good night. May 2012 be the best year of your life!
Whidbey Island Naval Air Station Gets Good News
This is really exciting news for Oak Harbor, Whidbey Island and all surrounding areas. We appreciate our military and we rejoice that it looks like NAS Whidbey Island is secure for a long time and that the new P-8 Poseidons will be stationed here. This is also great news for the local economy and for the Oak Harbor and Whidbey Island real estate market.
About
At Coldwell Banker Koetje Real Estate we are committed to offering quality customer service for Whidbey Island Real Estate. Please Contact Us with any questions. You can reach us at 360-675-5915 or cbk@WhidbeyRealEstate.com You can also view videos of Whidbey Island real estate and Oak Harbor homes for sale.
Quality Service is our hallmark!
Welcome to Whidbey Island and Coldwell Banker Koetje Real Estate. As the preeminent real estate brokerage in the Oak Harbor and Whidbey Island area, we are dedicated to providing our clients with the finest customer service available. Our top-notch team of brokers and agents has the expertise you can rely on to make your home buying and/or selling experience one you’ll remember . . . for all the right reasons! We are Whidbey Island’s oldest and most experienced real estate company. Specializing in VA & military relocation.
Experience is our edge!
At Coldwell Banker Koetje Real Estate, we pride ourselves on being experts in bringing home buyers and home sellers together throughout Whidbey Island. And, with a seasoned staff of brokers and agents, no one knows our area better!
Like the Coldwell Banker Koetje Real Estate team itself, our Web site has been designed to provide you with the information you need to make the right real estate decisions. So check out our site, and then give us a call. At Coldwell Banker Koetje Real Estate, we’re here for you and to help with your Whidbey Island real estate needs. Connect with us on Google+ at +Rick Schutte
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