Orcas Island Real Estate MarketReal Estate February 1, 2022

Q4 2021 – GARDNER REPORT + ORCAS AND SAN JUAN ISLANDS BREAKOUT

WESTERN WASHINGTON, SAN JUAN COUNTY & ORCAS ISLAND –
A ONCE-IN-A-LIFETIME REAL ESTATE MARKET

2021 saw historical records smashed in the stock market, the economy, and real estate markets across the board, including new homes, existing homes, vacant land, and condominiums. Nationally and in Western Washington, as the stock market rose, the real estate market pushed further into a sellers-market. This push, primarily the result of tightening inventory from the pre-pandemic historic lows we noted in the Fall of 2018 when paired with zealous fervor for homes, resulted in skyrocketing home prices and owner equity gains year-over-year we’ve never seen.

Nowhere was this push felt more than in the San Juan Islands. Since March 2020, we’ve had a long list of well-qualified buyers looking to relocate to the San Juans, up and/or downsize, as well as parlay gained equity into their island dream home. Matthew Gardner’s Q4 2021 Report reveals just how historic the year ended for San Juan County.

“The greatest drop in market time compared to q4 2021 matthew gardner report windermere real estate orcas island realty wally gudgell group san juan islands laura hasselman terri gilleland realtor broker team anchored in excellence client service san juan county
a year ago was in San Juan County. . .”
– Q4 2021 Gardner Report / Matthew Gardner,
Chief Economist Windermere Real Estate

Fast forward to February 2022, and we at the Wally Gudgell Group find our searching-buyers list continuing to grow and home equity gains still on the rise. For more information on this once-in-a-lifetime market, VIEW THE Q4 GARDNER REPORT WITH SAN JUAN COUNTY, ORCAS, OBSTRUCTION & CRANE ISLAND BREAKOUT. And if you’re wondering about his impact on your real estate portfolio, please call or email. We’d love to send your complimentary, no-obligation market analysis and property review. We’re here as your local and knowledgeable real estate advisory team and are committed to you reaching your unique goals in real estate.

 

 

Cheers to the Year of the Tiger and Your Next Real Estate Move,

~ Wally, Laura & Terri / The Gudgell Group
GudgellGroup.com

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