Port Angeles, WA

There is no doubt that the real estate market in the Port Angeles, WA metropolitan statistical area (MSA) has been on a roller coaster ride over the past few years. After reaching record highs in 2006 and 2007, prices came crashing down during the Great Recession of 2008 and 2009. However, since bottoming out in 2010, prices have been steadily rising once again and are now approaching pre-recession levels.

One of the most notable trends in the MSA's housing market is the increasing popularity of "tiny homes." These homes, which are typically less than 400 square feet, have become increasingly popular among young adults and retirees who are looking to downsize or simplify their lives. In addition to being more affordable than traditional homes, tiny homes require less maintenance and can often be built or purchased outright for a fraction of the price.

Another trend that is becoming more prevalent in the MSA's housing market is a move away from single-family detached homes and towards multi-family dwellings such as apartments and townhomes. This is likely due to a combination of factors including high land costs, an aging population that desires low-maintenance living arrangements, and an increased preference for walkable/bikeable neighborhoods.

Whatever the future may hold for the MSA's housing market, one thing is certain: it will continue to be a volatile and ever-changing landscape.