Home prices drop on Whidbey Island 

The door is opening to more homebuyers in Island County.
The Northwest Multiple Listing Service states Island and Ferry counties are the only ones in the state to see their home prices drop between July of 2021 and this July.
One home in Oak Harbor is a prime example. The fully remodeled house with a water view originally listed for $785,000. The sellers dropped the price 20% to $650,000 after an unheard of 80 days on the market.
"I'm absolutely surprised this one is still on the market," said Realtor Jim Woessner.
He believes a combination of rising interest rates and a flood of houses on the market are driving the drop.
He calls it "the shift."
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