Are Buyers Competing to Bid Prices Up?

Are buyers competing to bid prices up above current list prices? The answer is yes, at least for the nice homes that most buyers want. I thought you might find this interactive chart interesting. Drag your mouse across the chart to see the data. It shows the sales prices of homes as a percentage of

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Sequim Home

Are We At The Top Of The Real Estate Market?

Are we at the top of the real estate market right now? Are we in the midst of a real estate bubble that is about to pop? The simple answer is yes. The real estate market in the United States has gone up and up for years after the long recession, but we are now

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Backup Offer

Should I Submit a Backup Offer in this Market?

“Should I submit a backup offer?” is a question I hear in this seller’s market, and it’s a little different answer in the Sequim real estate market than you might get in San Diego or even Seattle. This video below the photo of the contract is part of my series entitled Sequim Real Estate Questions

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Sequim Real Estate Market

The Sequim real estate market has seen it’s toughest year yet with high demand for the best homes in the best areas at a time when the inventory is at historical lows. Here’s what has been happening in the Sequim real estate market with the latest data over the past ten years. This first graph

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Sequim Real Estate Market

A Sequim Real Estate Market Update by Video

I think you’ll enjoy this short video with a Sequim Real Estate market update through the month of May 2020. It’s a very interesting market to say the least, and I have stories I could tell. Just one story here. I scheduled a big beautiful home for a showing for my out of town buyer,

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Real-Estate-Market

The Sequim Real Estate Market for 2019

What will the Sequim real estate market bring us in 2019? I’m sure most real estate agents are afraid to touch that lightening rod for fear of being proven wrong, but I think my clients and prospective clients would like to know what 24 years in the Sequim real estate market is suggesting to me

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Is The Sequim Real Estate Market Turning?

The Sequim real estate market may be turning from a seller’s market to a more balanced market, if not a buyer’s market. Let’s examine what’s happening in the Sequim real estate market now. If you’ve been reading articles on this blog over the past 10 years or even the past 5 years, you would know

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The Reason to Buy a Home Now – Stock Market Collapse

If the stock market collapse is imminent, or at least on the near horizon, now is the time to take money off that table and put it into your retirement home sooner rather than later. Why would I suggest this? I’ll tell you exactly why. Stock Market Collapse v. Real Estate If you listen to

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Sequim Real Estate Market

The Sequim real estate market is unique, and if you’re thinking about buying a home in the Sequim area, it might help to know more about the Sequim real estate market. Sequim has been well known for decades for it’s Blue Hole or “Rain Shadow” as it is sometimes called, and the nearly perfect climate and extraordinary

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What is the Meaning of Days On Market (DOM)?

“Days on market” (or DOM) is a number that tells you how long a home has been listed on the market. The relevance of days on market comes into play when you decide to make an offer on a listing. The general rule is that a large number, like 276 days on market, gives you as

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Sequim Real Estate Market Video Nov 2015

The Sequim real estate market in November is interesting. The number of active listings was down 22% from one year earlier. As I have written in previous articles, the inventory has been slowly shrinking as buyers continue to buy at increasing levels and home builders have not been building enough to replace the inventory. ?

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Sequim Real Estate Market Report August 2015

The Sequim real estate market report for August is especially revealing, because it shows the reality and consistency of the improving trend of our real estate market better than past reports. ? In the month of August, the number of active listings was down 21% from one year earlier. The median listing price for the

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Home Sales Report

Sequim Real Estate Market February 2015

The Sequim real estate market continues its steady growth. During February the number of active listings was up 2% from a year earlier but down 7% from the prior month. The median listing price was just under $300,000. The average days on market on market was up 9% compared to last year at this time.

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Home Sales Report

Sequim Real Estate Market Report December 2014

The Sequim real estate market for December 2014 is interesting. Most Decembers tend to slow down, because closings in December are from sales in October and November, and those months slow down. But the last two weeks of December got very busy at th end of 2014, but those closings will show up in the

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Sequim Real Estate Market Report September 2014

This real estate market report covers September of 2014 and compares listings, volume, and prices to the prior month and prior year. We continue to see the small Sequim real estate market get stronger, albeit slowly and steadily. The inventory continues to shrink for the ideal retirement home, prices are creeping upward, and homes from

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What’s Going on With The Real Estate Market?

Is the real estate market overvalued right now? According to the Chief Economist for Trulia, Jed Kolko, the real estate market is overvalued in some markets around the country. There are markets where housing prices are overvalued by as much as 10% in some markets, but he compared that to 2006 when housing was overvalued

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The Bifurcated Real Estate Market

Sequim is in a bifurcated real estate market, and we are seeing a similar pattern in other parts of the country, including California. In March I wrote an article about the bifurcated real estate market and the effect for buyers, “The effect this is having for retirees moving to Sequim is two fold.  First, some

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Sequim Real Estate Market Video for August 2014

The Sequim real estate market has not done anything unusual during August, and you’ll see in this video that we don’t have any significant market trends one way or the other. And maybe that is good news. What I watch for are trends that indicate an upward or downward trend. We all want to see

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Few First Time Home Buyers in Sequim

There are very few first time home buyers in Sequim. The vast majority of buyers are retirees in their 50’s and 60’s, and they are rarely first time home buyers. This is an interesting demographic reality. Why doesn’t Sequim have a lot of first time home buyers? First Time Home Buyers are Rare The Sequim economy

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What’s New in the Sequim Real Estate Market?

The Sequim real estate market is hot, and here’s why. Homes in many hot spots around the country, including California, Texas, Florida, Colorado, Nevada, and Arizona are selling within days after they are put on the market, and many are selling for full price (all cash) and others are selling at above the listed price

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