As we know that a lot of our Sequim blog readers are interested in moving and living in Sequim and therefore like to hear how the real estate market is doing in summer 2007, we asked Jason Lee from Welcome Home Realty on his current thoughts of the Sequim Real Estate market. Feel free to compare this one with his market analysis in April. Thank you Jason for sharing your realtor knowledge with us!
"Hello again to everyone interested in a Sequim lifestyle.
This is your midsummer update on our real estate market. Despite all the doom and gloom of the national news media the Sequim realty situation is very stable. Homes sales for the general Sequim area are down about 8% from the year before, which isn't too bad considering the nation as a whole. The surprising fact is that the average and median sold price of a stick built home is up approximately $2500 from last year. This tells me that while the number of sales has tapered off slightly, there is still more than enough demand to live here.
What's great about our market is that even with the relatively small slowdown in sales last year and this year our inventory of homes for sale has grown exponentially to where we have about 450 or so to choose from at any given time. This had led to the greatest buyers market we have seen in years.
Because of this and the need for good buyer representation I have decided that what Sequim needs is a Buyer's Agent. Thus a little over a month ago when my last listing sold, I stopped taking them and have gone to only representing buyers. Having a strictly Buyer's Agent is beneficial to people in that there is never a conflict of interest and concerns with the agent trying to push their own listings. Sellers always have an agent and are represented to the fullest, now buyer's have that option also. Enjoy the summer, come to Sequim if you're not getting enough sun."
You may reach Jason Lee, Sequim's Exclusive Buyer's Agent Accredited Buyer's Representative, Direct # 360-460-8161 Welcome Home Realty
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