One of the headlines on the front cover of this Open House brochure reads 'Over 100 Open Houses this Saturday and Sunday'! I could not resist and counted all the houses for sale listed in Port Angeles and Sequim with open house dates, hours and realtors: 116 homes + lots all together, 43 of those listings were for Sequim.
This is a great effort by WA and Olympic Peninsula realtors to get the housing market moving again. As in the rest of the nation, not much moved or sold in the past 1 to 1 1/2 years. I myself as a lay person see one reason for the current stagnation in the Sequim real estate market that house prices came down somewhat from the inflated prices yet they are still high (too high), especially, when everybody struggles to make ends meet in these days of economic slowdown.
People who originally wanted to move to Sequim, put their project on hold and rather stay where they live right now. This way saving money on expensive moving costs or house closing costs. Quite a number are not able to sell their homes in CA, AZ or Hawaii because they don't want to take huge losses.
Perusing the 100 homes for sale listings, I noticed that there are not many homes under $200K available for purchase. If so, they are really very old, manufactured homes or really small. First time home buyers might get tempted when viewing those homes, especially with the $8,000 tax credit.
We will have to wait and see whether this biggest Open House Weekend on the Olympic Peninsula will be a stimulus for Sequim home buyers. I hope that Sequim realtors were smart enough to advertise it way ahead on Craigslist or ads in CA and AZ.
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