Bike to Port Townsend, WA

27 06 2012

Bicycling Port Townsend

Enjoy the sights!

Port Townsend was named a Silver Bicycle Friendly Community by the League of American Bicyclists. The award was given due to the commitment shown to improving conditions for bicyclists, as well as investment in bicycling promotion, educational programs and pro-bicycling policies. With the price of gas these days why not explore this beautiful town in an earth-friendly way?

There are many resources available including bike rentals, repairs, sales and routes to take.





State of Real Estate 2012

29 02 2012

Image

No better time to buy real estate!

How is real estate doing in Port Townsend and Jefferson County?

We are located on the northwest corner of the Olympic Peninsula in Washington State.

Let us go back to the first hard hit states, Florida, Michigan, Nevada and Arizona. This information comes from the National Realtor Association. I had the opportunity to attend the annual National Realtor Conventions for the past several years. The real estate crisis has proven to be a 4 year cycle across the United States. Way longer than anyone originally thought, including my self. As a matter of fact, those first states (I mention above) have started to recover and even have had slight appreciation in prices during 2011.

Now for the Northwest, Seattle and Bellevue even as close as Kitsap County, have started to see multiple offers again and even some escalation clauses (addendum to beat highest offer). However, we have found our area to be 12-18 months behind King and Pierce Counties.

Jefferson County is about 2 -2 ½ years into the 4 year cycle. It hit us much later than Seattle. At one point I thought it would miss us, it did not.

My predictions for 2012:

  • Will see an increase in short sales and REO listing and sales, (Remax First has closed almost every short sale we have listed)
  • Prices will continue to decrease through 2012
  • Homes sales will increase in both Port Townsend and Jefferson County
  • Land sales will see a slight upturn this year
  • We are seeing lenders more willing to lend money

Overall, we look forward to a positive real estate market in 2012!

For more information or to share your predictions, call or email.

John Eissinger, RE/MAX First, 360-385-6499





Snow is almost gone in Port Townsend

21 01 2012

Greetings on this Saturday morning from Port Townsend, WA. What a difference 24 hours makes with the weather.The weather has warmed up. The snow is almost gone. We did not get much wind and we have power.

All the best to those with trees down and no power….STAY WARM!

Have a great weekend!





2011 Real Estate Sales

19 01 2012

Year End 2011
Real Estate Sales Recap
Port Townsend and Jefferson County, WA.

Port Townsend 2010 2011 Percentage

Residential sales 95 81 -14.7%

Median Price $267,000 $230,000 -13.9%

Days on market 182 183 0.5%

(6.06 months) (6.1 months)

Average sold price $297,667 $249,792 -16.1%
Average list price $321,984 $264,131 -18.0%
Average orginal price $342,640 $289,085 -15.6%

Vacant Land 32 14 -56.3%

Condo 15 5 -66.7%

Commercial 0 4

Business Opportunity 1 1

Total Sales 143 107 -25%

Jefferson County 2010 2011 Percentage

Residential sales 268 287 7.1%

Median Price $265,000 $238,000 -10.2%

Days on market 173 220 27.2%
5.8 months 7.3 months

% of List price 93.72 93.17 -0.6%

Condo 24 15 -37.5%

Vacant Land 85 65 -23.5%

Commercial 2 5 150.0%

Total Sales 384 380 -1.0%

Port Ludlow 2010 2011 Percentage

Home sales 31 36 16.1%

Cape George

Home sales 10 15 50.0%

Kala Point
Home sales 7 12 71.4%

Prepared by John Eissinger – RE/MAX First Inc. Port Townsend, WA. 360-301-2378

These figures are NOT compiled by Northwest Multiple Listing Service

20120121-125351.jpg





2011 Real Estate Sales for Jefferson County and Port Townsend, WA

19 01 2012
Year End  2011  
  Real Estate Sales Recap  
Port Townsend and Jefferson County, WA.  
                 
Port Townsend   2010   2011   Percentage     
                 
Residential sales   95   81   -14.7%    
                 
Median Price   $267,000   $230,000   -13.9%    
                 
Days on market   182   183   0.5%    
                 
    (6.06 months)   (6.1 months)        
                 
Average sold price   $297,667   $249,792   -16.1%    
Average list price   $321,984   $264,131   -18.0%    
Average orginal price   $342,640   $289,085   -15.6%    
                                                                                 
                 
Vacant Land    32   14   -56.3%    
                 
Condo   15   5   -66.7%    
                 
Commercial   0   4        
                 
Business Opportunity   1   1        
                 
Total Sales   143   107   -25%    
                 
Jefferson County   2010   2011   Percentage     
                 
Residential sales   268   287   7.1%    
                 
Median Price   $265,000   $238,000   -10.2%    
                 
Days on market   173   220   27.2%    
    5.8 months   7.3 months        
                 
% of List price   93.72   93.17   -0.6%    
                 
Condo   24   15   -37.5%    
                 
Vacant Land    85   65   -23.5%    
                 
Commercial   2   5   150.0%    
                 
Total Sales   384   380   -1.0%    
                 
                 
                 
Port Ludlow   2010   2011   Percentage     
                 
Home sales   31   36   16.1%    
                 
Cape George                
                 
Home sales   10   15   50.0%    
                 
Kala Point                
Home sales   7   12   71.4%    
                 
Prepared by John Eissinger – RE/MAX First Inc. Port Townsend, WA. 360-301-2378  
                 
                  These figures are NOT compiled by Northwest Multiple Listing Service    
                 
                 




#1 in real estate for 2011 – RE/MAX First

13 01 2012

#1 in real estate for 2011 - RE/MAX First

RE/MAX First – #1 sales volume for 2011 in Jefferson County.

Nobody sells more real estate than RE/MAX!





The newest WA state ferry, Kennewick

7 01 2012

Open House today