What’s Happening in the Camano Island Housing Market?

Most of our agents know that I consider myself the Queen of Camano Island Market Stats.  One of the downfalls of this self appointed title is that I truly believe everyone enjoys talking about stats, looking at stats and staring at charts and graphs as much as I do.  If you like numbers, read on…

The chart on the right shows the activity in each price range.  As expected the majority of the activity is in the $250,000 and under range, but how refreshing to see small bursts of activity in the 300s and 400s.

Pending sales have been on the rise all year long.  In my opinion, there are two reasons for this:

1.       Sales are taking longer to close for a variety of reasons, stricter lending guidelines, bank involvement in short sales just to name a few.  Some of these 41 pending sales have been waiting to close for several months.

2.       Consumer confidence is slowly returning.  Buyers have been waiting for the right time – interest rates are still low, tax credits are still available, homes are priced right and it is a Buyer’s market. 

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