Real Estate Sales Recap January thru September 2013 Port Townsend and Jefferson County, WA
It is easy to see our real estate market has improved greatly this year. If we look back 5 years, 2008 was the best year prior to 2013.
Our market is still a buyer’s market because we still have lots of inventory. Compared to other area of the country for for example closer to home Seattle, they have shifted to a seller’s market all because of the law of supply and demand. Inventory is down in those areas, supply has gone down and prices have gone up. Below please find a brief recap of the Jefferson County/Port Townsend real estate market.
From the chart you can see unit sales have increased in the county (22%), more so in Port Townsend by almost 38%. The real surprise to me is to see the median price increase by 1.5% in Port Townsend and 9.5% in the county. Keep in mind the most expensive homes are in Port Townsend and that is why we see less of an increase. Overall it is exciting to see our real estate market experiencing a nice recovery.
Very excited to provide you with real estate sales in our area through the 3rd quarter of 2013. Our market continues to be stronger.
For more information or to receive this quarterly report by email please contact me.