WCRER Housing Analysis/ 2009 1st Quarter/ Island County WA

According to the Washington Center for Real Estate Research 2009 First Quarter Housing Analysis; Island County home re-sales were down +4.7% from the previous quarter, and down -28.3% from the first quarter in 2008. Statewide home re-sales were down -8.6% from the previous quarter and down -30.6% from the first quarter in 2008. Overall building permits in Island County are down -61.5% from the first quarter of the previous year, in comparison to the -53.3% reduction statewide. The median re-sale home price in Island County is down to $248,000 (down -14.3% from the first quarter in 2008), below the statewide median of $253,500 (down -13.7% from the first quarter of 2008). The 2009 first quarter Housing Affordability Index (HAI) was 115.6 for Island County, lower than the statewide index of 125.5

WCRER Housing Analysis/ 2008 2nd Quarter/ Island County WA

Island County Housing Market

Here is some interesting Island County WA housing data:

According to the Washington Center for Real Estate Research 2008 Second Quarter Housing Analysis; Island County home re-sales were down - 17.9% from the previous quarter, and down -30.7% from the second quarter in 2007. Statewide home re-sales were down -8.5% from the previous quarter and down -31.7% from the second quarter in 2007. Overall building permits in Island County are down -50% from the second quarter of the previous year, in comparison to the -29.7% reduction statewide. The median re-sale home price in Island County is $284,000, below the statewide average of $291,900. The 2008 second quarter Housing Affordability Index (HAI) was 88.9 for Island County, lower than the statewide index of 95.5.

See all county data: http://www.wcrer.wsu.edu/WSHM/2008Q2/Snapshot_2008Q2.pdf

Press Release: Chantale at Bennett Appraisals Receives FHA Qualification

Chantale Merrick, a Certified Residential Appraiser at Bennett Appraisals has received her FHA appraisal qualification. Appraisers accepting FHA appraisal assignments must be registered under HUD, and comply with HUD guidelines as well as USPAP guidelines.

Use the below link to check if an appraiser is qualified. https://entp.hud.gov/idapp/html/apprlook.cfm


You should always be sure your appraisal service provider is licensed and in good standing. The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) maintains a national database of appraisers and their license/certification status. It is available publicly at this link.


We currently provide FHA appraisal services to the Greater Bellingham area, as well as all of Whatcom, Skagit, Snohomish, and Island Counties. (Including the Point Roberts area via the Canadian Border).


Bennett Appraisals provides FHA residential appraisal services to the following areas: Bellingham, Birch Bay, Blaine, Custer, Ferndale, Fairhaven, Geneva, Silver Beach, Sudden Valley, Sumas, Acme, Anacortes, Alger, Arlington, Bow, Burlington, Cain Lakes, Conway, Concrete, Darrington, Deming, Edison, Emerald Lakes, Edmonds, Everett, Everson, Glacier, Granite Falls, Hamilton, Kendall, Laurence, La Conner, Lake Stevens, Lynden, Lyman, Lynnwood, Maple Falls, Marblemount, Marysville, McMurray, Monroe, Mount Baker, Mount Vernon, Mulkilteo, Rockport, Samish Island, Sedro Woolley, Snohomish, Stanwood,Van Zandt, and all of Whatcom, Skagit and Snohomish Counties. * Time permitted we also serve Point Roberts and certain areas of Island County.