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Still very much a Buyer's Market here in our little corner of the Pacific Northwest. Residential sales for 2011 were down by just about 2% over 2010, and prices overall declined by about 9%. (Average statewide as well. ) REO properties accounted for about 20% of all residential sales. Most popular price range was $150,000 to $350,000.
Of the 4 major companies in the area, John L Scott Port Townsend was the top selling agent with the highest number of residential sales with about 25% more sales than the closest competitor.

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In February of 2012, a draft supplemental environmental impact statement is due on a massive resort proposed on Hood Canal. The proposed $300 million Pleasant Harbor Marina and Golf Resort in Brinnon has received praise from a North Olympic Peninsula tourism industry leader, who said the economic benefits of the 257-acre resort on Hood Canal would stretch across Clallam and Jefferson counties.
The Hood Canal project has also garnered opposition from The Brinnon Group, who say it is too large for a small, rural community.
The writer of the draft supplemental environmental impact statement — or SEIS — says that The Statesman Group is turning its planned resort, which would be built three miles south of Brinnon on the Black Point peninsula, into an environmentally sound proposal.
“It looks pretty good from an environmental standpoint,” David Wayne Johnson, an associate planner with the Jefferson County Department of Community Development, said last week.
“There has been no SEIS, so all this is pie in the sky,” said Barbara Moore’lewis, who organized The Brinnon Group and has lived in Brinnon since 2003.
DCD last week posted Statesman’s preferred plan and another alternative from the company along with a description of the project at http://tinyurl.com/7yr6x3s.
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17 entries this year, and the krazies are all out in their finest outfits. The prize for this race goes to the most mediocre, and that means coming in 9th this year. The entries have to have at least one wheel, traverse on land, sea and in the mud bogs. There can be a one man entry or a team of up to a dozen people.
Always fun and full of imgaination and crazy antics and fun to experience. This is the perfect place for this event.
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So far, this year is looking a lot like 2010 in our area.
YTD # of sales Ave. DOM Median Price # of REO
2010 210 168 264,000 7
2011 205 150 244,000 9
John L Scott in Port Townsend is still number one in our area for number of sales and listings, but our number of units sold is down by 11% and our dollar volume is down by 3%.
A bit of good news for our area is that Seattle home sales have increased in number of sales, and that activity will trickle over to our area eventually.
Lets hope 2012 will be a bit brighter for all.
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12th Annual! The town is packed and enjoying wonderful summer weather at last. The center of the action is the Rose Theater, our beloved and beautiful 1930's theater. Located on a side street in the historic downtown area, it is a joy to visit anytime, with two small theaters, and the world's best popcorn.
Last night was the free open air showing of 1944's National Velvet, with a very young Elizabeth Taylor. What fun to sit on haybales, under the stars and enjoy a vintage movie. Tonight's free movie will be Back to the Future, and on Sunday evening the free movie will be one of my favorites, Moonstruck starring Cher.
You can buy a pass or individual tickets for around $10.
There will be 6 dozen short, feature and documentary films to choose from, in six different venues. There are many film makers available at screenings for discussion afterward, a free shuttle bus to take you to the theater of your choice, and a wonderful outdoor beergarden with light sandwich and pizza fare. 
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