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

Listing Appraisals in Whatcom, Skagit, Snohomish and Island Counties WA

A listing appraisal supports your asking price

If you’re selling your home, how can you be sure the asking price is accurate? Did you take the advice of a real estate agent, ask around in the neighborhood, or even check the most current tax assessment? While all of these methods can be helpful, the only true way to know is to get a listing appraisal. A listing appraisal from Bennett Appraisals is a full appraisal of your property similar to one a buyer would receive on the purchase of your home, but with a few additional benefits for you:

You’ll have a valuable negotiating tool once you have a potential buyer

You’ll make yourself aware of any problems and eliminate last-minute repair hassles that might delay a closing.

Decrease the chances of unknown problems that cause sales to fall through

You'll have all the current market data with verified status of all the comparable sales so you can differentiate your property from other properties on the market And a listing appraisal from Bennett Appraisals gives you an expert opinion, an opinion that is unbiased, from a certified residential appraisal team like us. Our only job is providing customers with accurate property values. Banks and mortgage companies always use appraisers to value homes before they approve a loan. Why? Because they want to know what it’s worth.

Call us at (360) 746-0224 or visit our website at http://www.bennett4appraisals.com to learn more about our company and to place your order online. We look forward to doing business with you.

To order an appraisal online click here: http://www.bennett4appraisals.com/ClientLogin

Bennett Appraisals

1 Woodrush Ct

Bellingham, WA 98229

360-746-0224

bennettappraisals@comcast.net

http://www.bennett4appraisals.com/