Sequim Real Estate Market Report 2017

In a most recent report in the Sequim Gazette Managing Broker Doc Reiss came up with some really interesting numbers. Let's just pick up a few relating to our blog post "Sequim House Sales are soaring", which will be helpful for those who have not given up on finding the perfect house to buy in Sequim at the current house sales slowdown this September and October.

In August, 77 home sales were down 30% from the level at the same time in 2016 but up from the number sold in July. The average house purchase price of $357,507 is definitely of interest for potential home buyers which is 20% up from 2016. The lack of inventory has buyers  scrambling to buy the house they want reflecting our market observation expressed in our blog post. Last August the average home that sold was 75 days on the market. This August houses lasted  just 36 days on the market. Looking at the year so far, the average home has gone from 76 days on the market to only 54. Bottom line: Home Buyers be aware. Homes are selling 35% faster than last year.

Our personal opinion is that sales might not slow down over this fall or winter season with climate change and weather reports of devastating hurricanes, century floods and wild fires becoming the regular norm across the United States. The nice, sunny weather all over the Olympic Peninsula this summer
attracts lots of home searchers looking for moderate weather.

Sun over Sequim and dark rain clouds over Seattle in the East and Port Angeles in the West produce the most impressive double rainbow over  Sequim town