Home Buying in Washington>Question Details

Linda, Home Buyer in Victor, IA

I am interested in buying an investment property in Washington.

Asked by Linda, Victor, IA Mon Mar 24, 2008

I am Canadian and just sold an investment property here for a nice profit and Canadian markets are still going straight up.I think the US market is looking more interesting and I'm thinking Port Angeles because it is a quick trip from Victoria where I live.Where has the market come off the most in Washington?Any stats on the web seem old so would appreciate any info on biggest real estate declines .

Help the community by answering this question:

Answers

4
Linda,

Keep in mind that where the market has "come off the most" it is also likely to rise the least. If this is a business venture for profit, you may not want to pick from the first to fall; last to rise group. In the hot market, everything went up. In a normal market that last to rise group may stay flat for much longer than the last to fall group.

Best bet is to find an area that did not fall as much and find a pressured seller like a short sale or bank owned property.
0 votes Thank Flag Link Thu Nov 6, 2008
I know an agent over in Port Angeles that I would be happy to contact for you.
Dan Pittsenbarger
Keller Williams Bellingham
dan@BellinghamHomeTour.com
0 votes Thank Flag Link Wed Nov 5, 2008
Picking a place close to Canada probably isn't gong to get you into a market that's been performing poorly, because other Canadians have had the same thought.

Unfortunately Callalum County is not part of the NWMLS, so I can't give you a report on that. But Whatcom county the median was up about 5k and the mean down about 15k for August over last August.
0 votes Thank Flag Link Mon Sep 22, 2008
What kind of property, specifically, are you looking for?
0 votes Thank Flag Link Mon Sep 22, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer