Home prices drop on Whidbey Island
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- เผยแพร่เมื่อ 18 ก.ย. 2024
- The door is opening to more homebuyers in Island County.
The Northwest Multiple Listing Service states Island and Ferry counties are the only ones in the state to see their home prices drop between July of 2021 and this July.
One home in Oak Harbor is a prime example. The fully remodeled house with a water view originally listed for $785,000. The sellers dropped the price 20% to $650,000 after an unheard of 80 days on the market.
"I'm absolutely surprised this one is still on the market," said Realtor Jim Woessner.
He believes a combination of rising interest rates and a flood of houses on the market are driving the drop.
He calls it "the shift."
READ THE FULL STORY:
www.king5.com/...
Still too expensive to afford
Not for me!
Black rock done buying and ferry trouble getting to the islands.
Fuel Prices. No one wants to live on a remote island with 10 dollar a gallon fuel. {ive seen several stations here in arizona OVER 10 a gallon}
@@DieselRamcharger Do you even live here? Something tells me you don’t. We aren’t remote by any means and we saw nowhere near $10/gallon!
Homes are going to drop a lot more it's coming
You will own nothing.
Only rich people can afford it.....and that is not good.
I thought about buying a home here, but Everyone on every channel on youtube says the homeless problems are horrible and the noise from the jets is deafening.
If they're so lucky why don't you take it.
He doesn't want to take advantage of the sellers.
That house in incredibly over-inflated in price. Even with last year’s prices it is.
@@jcathome Blame the greedy realtors that made prices go up everywhere - a house is just a box.
I hope it keeps going down. We had to move from Tacoma to Texas due to the fact the cost of living is way too high
The average working class family cannot afford to carry a mortgage payment of half a million let alone utilities. lol
Prices are dropping and a lot more homes for sale (obviously) .
It’s great! High home prices only hurt the new buyers. I was able to buy a house 40 years ago and I want younger people to have the same opportunity. The Amazon boom is at first seemingly great but it’s actually not. Slow steady growth is the way a community grows best.
You mean those homes where inflated, come on those people didn’t by there houses at that high of price!
Who would make the trip there down to Seattle?
We lived in Oak Harbor and my dad drove down to Seattle every day for a job over 2 years. It’s completely doable.
You can get to Seattle pretty quick, even without the ferry going around I can do it in a hr and a half even quicker if there’s good traffic or late.
@@knine8154 😂😂😂 People live AND work on the island. Most are for sale because they are military or trying to just take advantage of the market. A correction was overdue and these higher interest rates are driving prices to go down.
Very interesting.
Big L’s to whoever bought high 😂
Only if you sell low.
When they’re $400.000 call me