August real estate market snap shot

Here is the August 31st Market Snap Shot for San Juan Island from the Simonson & Zambrovitz team at Coldwell Banker SJI. The median home price is down somewhat as compared to the 12-month period prior to August 31, 2024. The median home price calculation is not an appreciation or depreciation calculation but merely an indication of market trends. We are in a buyer’s market at the present time due to the level of inventory.

The market in general for year-to-date 2025 is very similar to the same period in 2024.