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.

Whidbey Island Real Estate and Oak Harbor Homes for Sale

Whidbey Island Real Estate Market Update 12/27/2011

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.

Whidbey Island Real Estate and Oak Harbor Homes For Sale