Ownership in the San Juans remains affordable, for now! This year low interest rates actually make most properties 20% less expensive to buy than two years ago. (Assuming you will have a mortgage covering around 80% of the purchase price.)

Experts would agree, the price of attractive homes and land on San Juan Island will continue to increase until they reach parity with the value of such property in Seattle itself. As such, waterfront properties in particular, will exceed the national trend which finds waterfront and prime view lands, increasing in value at greater than 10% per year. Some publications anticipate annual increases of 20% or greater for prime, recreation/second home waterfront. Being ranked in the top three in the world, certainly seems to include San Juan Island in that 20% bracket.

Building costs on San Juan need be only slightly higher than the mainland and that relates to remodeling as well. Several local lending services are available and they possess that important local knowledge of values aiding in financing of such efforts.

Interest rates remain very low, lowest in 40 years, thus making this the right time to invest in these islands. Prices as well as interest will increase in the years to come and for some, make this dreamy domicile unaffordable. Now is the ideal time to find and acquire your dream property here in Washington's San Juans! Our job here at John L. Scott is to help you accomplish this.