Home sales in Sequim and Port Angeles from 2000 to 2009 for March, April, and May are shown in this graphic. Of course 2005 was the banner year for sales here, as it was in many parts of the country, and 2009 shows us that only 55 homes sold in this three month period. I’ve weighted the chart for better accuracy by eliminating houses sold outside the bell curve, because the vast majority of homes sold in Sequim and Port Angeles are within the price range of $200,000 to $500,000.
What isn’t showing up in this chart for 2009 is the burst of buyer activity for homes that are currently under contract but not yet sold (closed), which means they won’t show up in the data for another one to three months. There has been a burst of buyer activity here in this three month period. Buyers are motivated by low interest rates as well as bargains in the inventory.
Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and a dozen real estate books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their buyer's agent, and home owners around the State of Washington seek him out because of his new Flat Fee Listing Service.
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Thanks a lot for a great information. I am just still confused since some data shows it is really the bottom now and some says not yet. Personally, I hope that the house price stays low at least 1 year so that I can buy a house! =)