Is there a home shortage in Sequim? Yes. If you’re buyer shopping for a home in the Sequim area, you know this. Many buyers are looking on the Sequim MLS every day, but the inventory is so low, they can’t find what they want within their budget.
The Home Shortage in Sequim
For example, I’m on hunt for a home for a client, and he and his wife have very specific parameters, but not unusual parameters. They want what so many other retirees want–a 3 bedroom, 2 bath, single level home, a minimum of 1700 square feet, on a somewhat private lot which typically means an acre in Sequim. The vast majority of retirees moving to Sequim are not at all interested living in a subdivision where homes are packed onto postage sized lots where you look out your kitchen window and waive at your neighbor who is also at their kitchen window only 10 feet away. Yes, I know, some retirees are buying those homes, but who are those people and why on earth are they moving to Sequim? LOL. Sorry, but this is called real estate humor. I know, I need to get a life.
Yesterday I searched for homes based on my buyer’s parameters, and within their budget of $400,000 to $450,000, only two homes are currently listed. That’s just nuts. The home shortage is real. One of the homes was so bad I wouldn’t show it to my dog, and the other one is on one of the busiest roads in the country. Far too noisy.
I stretched his price parameters by a little to the upside ($20,000), and we did find two homes to look at, but one of them was just weird. It had an odd floor plan and was very dark inside with very little natural light, and the master bedroom had two walk-in closets with a makeup room in one of them and there was a separate room off the master bedroom which we could not figure out.
Be sure to learn how to search for active only listing that are not pending. You’ll find a series of videos on how to do this on my video sites, which you can access at the top of the Sequim-Homes.com MLS site.
Your Buyer’s Agent in a Home Shortage
If you retain me as your buyer’s agent, I’ll help you through this whole process, and I’ll preview homes for you if you are outside the Sequim area. I’ll help you filter through active listings, and I’ll help you move once the ideal home comes on the market. This is what I do, and I would love to help you navigate this market and the traps for the unway, even in this market with the crazy home shortage.
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- Should I Submit a Backup Offer on a Pending Transaction?
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