lsland County WA WCRER Housing Market Data 3rd Quarter 2008

Island County Housing Data

Here is some interesting and helpful housing data:

According to the Washington Center for Real Estate Research 2008 Third Quarter Housing Analysis; Island County home re-sales were down -9.2% from the previous quarter, and down -31.4% from the third quarter in 2007. Statewide home re-sales were down -5.1% from the previous quarter and down -26.0% from the third quarter in 2007. Overall building permits in Island County are down -46.0% from the third quarter of the previous year, in comparison to the -42.5% reduction statewide. The median re-sale home price in Island County is down to $282,500, above the statewide median of $281,500. The 2008 third quarter Housing Affordability Index (HAI) was 87.3 for Island County, lower than the statewide index of 96.9.

See all WA county info: http://www.wcrer.wsu.edu/WSHM/2008Q3/Snapshot_q308.pdf