The economy roller-coastered over the past five years, so I thought it might be reassuring to see how South Whidbey real estate performed in that same period. The worst case were home prices of $300,000 or under that fell 12% since 2006 and land prices in the lower (0-$50k) and higher ranges ($200k+) that fell by 16.7% and 18.1% over the same time frame.
| Homes | 2006 Median | 2007 Median | 2008 Median | 2009 Median | 2010 Median | Increase/ Decrease |
| 0- $299k |
$238,500 |
$244,500 |
$237,500 |
$215,000 |
$210,000 |
-12.0% |
| $300- 499k |
$374,250 |
$385,450 |
$367,250 |
$373,644 |
$393,500 |
+5.1% |
| $500- 699k |
$581,000 |
$579,500 |
$570,000 |
$567,000 |
$580,000 |
No signif-icant change |
| $700- 899k |
$775,000 |
$767,500 |
$770,000 |
$795,000 |
$715,000 |
-7.7% |
| $900k+ |
$1,197,500 |
$1,125,000 |
$1,175,000 |
$1,073,600 |
$1,121,000 |
-6.4% |
I’m gratified that these drops compare favorably with 20-50% drops in stock and bond portfolio values during the same period, which tells me that real estate on South Whidbey is a relatively stable investment.
| LAND | 2006 Median | 2007 Median | 2008 Median | 2009 Median | 2010 Median | Increase/ Decrease |
| 0- $49,999 |
$30,000 |
$25,000 |
$25,350 |
$20,750 |
$25,000 |
-16.7% |
| $50K - $99,999 |
$79,500 |
$75,500 |
$75,000 |
$62,500 |
$79,000 |
No signif-icant change |
| $100K- 149,999 |
$125,000 |
$120,000 |
$125,000 |
$127,000 |
$130,000 |
+4.0% |
| $150K- 199,999 |
$165,000 |
$171,000 |
$170,000 |
$164,500 |
$170,000 |
+3.0% |
| $200K+ |
$305,000 |
$359,950 |
$275,000 |
$247,000 |
$249,900 |
-18.1% |
Data derived from the Northwest Multiple Listing Service figures for areas 811 and 812, covering South Whidbey from the Clinton ferry dock to Libby Road north of Coupeville.






