Download - Windermere San Juan Islands Quarterly Report
The Windermere San Juan Islands Report
First Quarter 2011
The Windermere San Juan Islands Report* is an analysis of real estate on the main islands within our market. If you are considering buying or selling property, we feel a thorough understanding of our market conditions is critically important to making informed decisions. Although the statistical information contained in this report is accurate for the type of property identified, we believe it is important to have very specific information in your hands based on your unique interests. Working with one of our agents, on whichever island your interest exists, is paramount to a successful outcome. With today’s remarkable information technology, your agent is able to keep you abreast of market changes literally as they occur. Windermere is the preeminent real estate name in the Pacific Northwest and within the real estate communities on each of our islands. Nobody sells more real estate, or represents more buyers in the Islands than Windermere. *All statistical data contained in this report is believed to be accurate and is taken directly from information available through Northwest Multiple Listing Service, but no warranty can be implied. If you are working with a real estate agent, this report is not intended as a solicitation to purchase or sell real estate.
Number on Market* 1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 164 158 -3.7% 159 -0.6%
San Juan Island 245 199 -18.8% 206 -3.4%
New Listings* 1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 17 19 11.8% 10 90.0%
San Juan Island 24 30 25.0% 13 130.8%
Number Pending* 1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 4 3 -25.0% 4 -25.0%
San Juan Island 6 5 -16.7% 4 25.0%
Number Sold* 1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 4 4 0.0% 5 -20.0%
San Juan Island 6 6 0.0% 4 50.0%
Gross Sales Volume/Homes & Condo*1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 5,523,000$ 5,234,000$ -5.2% 10,066,000$ -48.0%
San Juan Island 7,207,000$ 10,945,000$ 51.9% 8,799,000$ 24.4%
Median Sold Price** 1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 328,000$ 304,000$ -7.3% 519,000$ -41.4%
San Juan Island 379,000$ 445,000$ 17.4% 481,000$ -7.5%
Selling Price vs. Listed Price %* 1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 94% 85% -9.6% 80% 6.2%
San Juan Island 86% 93% 8.1% 88% 5.7%
Selling Price vs. Org. List Price %*1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 83% 76% -8.4% 65% 16.9%
San Juan Island 71% 76% 7.0% 69% 10.1%
* Definitions are on page eight of the report
**Sales prices whether average or median are significantly affected by the small number of sales contributing to the data
© 2011 - Windermere Real Estate/Orcas Island and Windermere Real Estate/San Juan Island
Quarterly Market Statistics Summary Report - Single Family Homes/Condos
Number on Market 1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 152 158 3.9% 165 -4.2%
San Juan Island 145 152 4.8% 164 -7.3%
. .
New Listings 1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 16 9 -43.8% 3 200.0%
San Juan Island 8 11 37.5% 6 83.3%
Number Pending 1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 2 1 -50.0% 2 -50.0%
San Juan Island 1 3 200.0% 1 200.0%
Number Sold 1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 1 1 0.0% 3 -66.7%
San Juan Island 1 1 0.0% 2 -50.0%
Gross Sales Volume/Vacant Land1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 2,690,000$ 859,000$ -68.1% 2,306,000$ -62.7%
San Juan Island 429,000$ 583,000$ 35.9% 1,821,000$ -68.0%
Median Sold Price* 1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 633,000$ 313,000$ -50.6% 201,000$ 55.7%
San Juan Island 190,000$ 146,000$ -23.2% 184,000$ -20.7%
Selling Price vs. Listed Price % 1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 96% 80% -16.7% 86% -7.0%
San Juan Island 86% 91% 5.8% 80% 13.8%
Selling Price vs. Org. List Price % 1st Quarter 2010 1st Quarter 2011 Change/Year 4th Quarter 2010 Change/Quarter
Orcas Island 66% 50% -24.2% 69% -27.5%
San Juan Island 86% 59% -31.4% 65% -9.2%
*Sales prices whether average or median are significantly affected by the small number of sales contributing to the data
© 2011 - Windermere Real Estate/Orcas Island and Windermere Real Estate/San Juan Island
Quarterly Market Statistics Summary Report - Vacant Land
© 2011 - Windermere Real Estate/Orcas Island and Windermere Real Estate/San Juan Island
Homes & Condos
050
100150200250300
Number on Market
Orcas Island
San Juan Island 05
101520253035
New Listings
Orcas Island
San Juan Island
012345678
Number Pending
Orcas Island
San Juan Island012345678
Number Sold
Orcas Island
San Juan Island
$- $2,000,000 $4,000,000 $6,000,000 $8,000,000
$10,000,000 $12,000,000
Gross Sales Volume
Orcas Island
San Juan Island $-
$100,000 $200,000 $300,000 $400,000 $500,000 $600,000
Median Sold Price
Orcas Island
San Juan Island
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Selling vs. Listing Price %
Orcas Island
San Juan Island 0%
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Selling vs. Original List Price %
Orcas Island
San Juan Island
© 2011 - Windermere Real Estate/Orcas Island and Windermere Real Estate/San Juan Island
Vacant Land Statiscal Charts
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Number on Market
Orcas Island
San Juan Island
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New Listings
Orcas Island
San Juan Island
-
2
4
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10
Number Pending
Orcas Island
San Juan Island
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Number Sold
Orcas Island
San Juan Island
$- $500,000
$1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000
Gross Sales Volume
Orcas Island
San Juan Island
$- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000
Median Sold Price
Orcas Island
San Juan Island
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Selling vs. Listing Price %
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San Juan Island
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Selling vs. Original List Price %
Orcas Island
San Juan Island
Number on Market 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 164 193 152 159 158
San Juan Island 245 261 260 206 199
New Listings 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 17 18 11 10 19
San Juan Island 24 26 16 13 30
Number Pending 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 4 3 7 4 3
San Juan Island 6 7 5 4 5
Number Sold 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 4 4 4 5 4
San Juan Island 6 5 7 4 6
Gross Sales Volume/Residential 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 5,523,000$ 4,195,000$ 7,572,000$ 10,066,000$ 5,234,000$
San Juan Island 7,207,000$ 6,757,000$ 10,018,000$ 8,799,000$ 10,945,000$
Median Sold Price 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 328,000$ 464,000$ 379,000$ 519,000$ 304,000$
San Juan Island 379,000$ 281,000$ 486,000$ 481,000$ 445,000$
Selling Price vs. Listed Price % 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 94% 91% 92% 80% 85%
San Juan Island 86% 91% 96% 88% 93%
Selling Price vs. Org. List Price %1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 83% 87% 80% 65% 76%
San Juan Island 71% 81% 82% 69% 76%
*Sales prices whether average or median are significantly affected by the small number of sales contributing to the data
© 2011 - Windermere Real Estate/Orcas Island and Windermere Real Estate/San Juan Island
Quarterly Market Statistics Detailed Report - Single Family Homes/Condos
Number on Market 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 152 173 187 165 158
San Juan Island 145 171 192 164 152
New Listings 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 16 12 10 3 9
San Juan Island 8 19 9 6 11
Number Pending 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 2 2 2 2 1
San Juan Island 2 1 4 1 3
Number Sold 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 1 2 3 3 1
San Juan Island 1 2 3 2 1
Gross Sales Volume/Land 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 2,690,000$ 711,000$ 2,602,000.00$ 2,306,000$ 859,000$
San Juan Island 429,000$ 1,805,000$ 1,531,000$ 1,821,000$ 583,000$
Median Sold Price* 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 633,000$ 162,000$ 259,000$ 201,000$ 313,000$
San Juan Island 342,000$ 154,000$ 198,000$ 184,000$ 146,000$
Selling Price vs. Listed Price % 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 96% 96% 83% 86% 80%
San Juan Island 86% 80% 86% 80% 91%
Selling Price vs. Org. List Price % 1st Quarter 2010 2nd Quarter 2010 3rd Quarter 2010 4th Quarter 2010 1st Quarter 2011
Orcas Island 66% 80% 82% 69% 40%
San Juan Island 86% 59% 84% 65% 59%
*Sales prices whether average or median are significantly affected by the small number of sales contributing to the data
© 2011 - Windermere Real Estate/Orcas Island and Windermere Real Estate/San Juan Island
Quarterly Market Statistics Detailed Report - Vacant Land
Definitions Number on market - How many properties within the classifications noted that are currently listed for sale. New Listings - Number of newly listed properties that were added during the respective quarter. Number Pending - Properties put into escrow this quarter following an accepted offer, but prior to completion of such sale. Number Sold - How many properties previously shown as "listed" or "pending" that closed escrow during the quarter. Gross Sales Volume - The total dollars of property which closed escrow during the quarter. Median Sold Price - median is described as the numeric value separating the higher half of a population of numbers, from the lower half. This statistic can be highly influenced by several sales of expensive properties. Selling vs. Listing Price % - Percentage of current listing price that the average sale achieved. Selling vs. Original Listing Price % - Some properties experience multiple listing prices, normally declining over the course of each listing. This percentage represents the sale price compared to the first (original) listing price for the properties sold. Windermere Real Estate/Orcas Island, Inc. Windermere Real Estate/San Juan Island 18 Haven Road, P.O. Box 310 100 First Street, P.O. Box 488 Eastsound, WA 98245 Friday Harbor, WA 98250 360-376-8000 360-378-3600