May 27, 2015, Broadmoor Golf & Country Club, Seattle WA
Panel: Keith Wells (Lake Chelan), Pat O'Day (San Juan Islands), Lisa Hatem (Maui), Chris Wurden (Kitsap Peninsula), Wally Gudgell (Orcas Island), Jay West (Cabo)
More than 100 agents came together on May 27 for the monthly Windermere Premier breakfast to network and learn about the growing vacation/second home market. This month's panel consisted of agents from popular second home markets in Cabo, Lake Chelan, Maui, Orcas Island, Kitsap Peninsula, and San Juan Island.
The overall message was that the second home market is still in recovery mode. Those areas located in the Pacific Northwest say that their proximity to Seattle and its growing economy’s starting to have a positive impact in their markets. For example, the Kitsap Peninsula is seeing an uptick in second home owners wanting a reprieve from the city. The same is true on San Juan Is and where 80% of the homes are vacation properties. San Juan has an abundance or waterfront homes for sale, many of which are well under a million dollars. On Orcas, 60% of their market is priced at $900,000 and above, and prices are expected to see double digit appreciation next year.
Maui is a different story; they actually have a shortage of inventory which is driving up prices. They're seeing a lot of international and cash buyers, even for homes priced in the multi-mil ions. Los Cabos’s still recovering from last year's hurricane which brought the real estate market to a standstill. Thiers a buyer's market and 20% of their inventory is luxury listings priced at $l million and above.
Special thank you to the six agents who took the time to share their insights on the second home market in their local areas.
Bellow are the Featured Properties in Kitsap County at the Event.
Lots of Treasures!
Gardening and Farming Supplies: Sprinklers, Hoses, irrigation T tape, gardening tools, decorative pots, fencing, wheelbarrows, t-posts Old farming hardware, ramps Kids toys, trikes, colorful kids desk, Teaching supplies, office supplies, books, shelving, craft supplies.
Horse tack, saddles, bridles, halters, show clothes, boots and hats, feeding bins, horse blankets, saddle racks.
Halloween stuff galore! Christmas stuff, decorations and trees and lights.
A Berg pedal cart for $520
No earlies! Cash only!
We are looking for volunteers: to help take money, help do some last minute pricing and wrap up peoples goods. Most things have been priced but some last minute reasonable pricing will have to be done. We greatly appreciate any help to run this sale.
Food and drinks will be available for all volunteers!
If you’re interested in giving some time please call Kim at. Thanks!