Tuesday, August 16, 2022
Chuck Marunde, J.D., Broker/Owner 360-775-5424


iRealty Virtual Brokers


Broker/Consultant

Washington State

SUBSCRIBE
  • Home
  • Search MLS
    • Sequim MLS
    • Sequim MLS Map Search
    • Port Angeles MLS
    • Port Townsend MLS
    • San Juan Islands MLS
    • All Islands MLS
    • How to Search the Sequim MLS
  • Videos
    • Sequim Videos Q&A
    • Buyer Videos Part 1
    • Buyer Videos Part 2
    • Buyer Videos Part 3
    • Buyer Videos Part 4
    • Living in Sequim Video Channel
  • Books
    The Coming Real Estate Crash

    The Coming Real Estate Crash

    The Sequim Real Estate Trilogy

    The Sequim Real Estate Trilogy

    Sequim Real Estate Videos for Buyers: The Ultimate Video Guide for Sequim Washington

    Sequim Real Estate Videos for Buyers: The Ultimate Video Guide for Sequim Washington

    Escaping California to the San Juan Islands

    Escaping California to the San Juan Islands

    Get Healthy

    Get Healthy: Increase Natural Immunities, Cellular Energy, Deep Sleep & Decrease Blood Pressure

    Manage Your Energy

    Manage Your Energy Not Your Time

    Real Estate Brokerage From Bricks and Mortar to High Tech Virtuality

    Real Estate Brokerage From Bricks and Mortar to High Tech Virtuality

    7 Myths of Selling Your Home

    7 Myths of Selling Your Home

    Buying Your Retirement Home

    Buying Your Retirement Home

    The New World of Marketing for Real Estate Agents

    The New World of Marketing for Real Estate Agents

    Sequim Real Estate For Buyers: Free eBook Updates Forever

    Sequim Real Estate For Buyers: Free eBook Updates Forever

    24 Secrets of Buying a Country Home

    24 Secrets of Buying a Country Home

    Sequim Real Estate: A Buyer’s Guide

    Sequim Real Estate: A Buyer’s Guide

    Living Off The Grid iin Alaska

    Living Off The Grid in Alaska

    Buying and Selling Real Estate

    Buying and Selling Real Estate

    Trending Tags

      • Sequim Real Estate for Buyers (Free eBook Updates Forever)
      • Sequim Real Estate: A Buyer’s Guide (Paperback)
      • Escaping California to The San Juan Islands
      • Buying & Selling Real Estate in The Rain Shadow
      • Real Estate From Bricks & Mortar to High Tech Virtuality
      • The Seven Myths of Selling Your Home
      • Buying Your Retirement Home
      • The New World of Marketing for Real Estate Agents
    • Agents
      • Professional Buyer’s Agent
      • Flat Fee Listing Broker
    Tetralogy
    No Result
    View All Result
    • Login
    • Register
    • Home
    • Search MLS
      • Sequim MLS
      • Sequim MLS Map Search
      • Port Angeles MLS
      • Port Townsend MLS
      • San Juan Islands MLS
      • All Islands MLS
      • How to Search the Sequim MLS
    • Videos
      • Sequim Videos Q&A
      • Buyer Videos Part 1
      • Buyer Videos Part 2
      • Buyer Videos Part 3
      • Buyer Videos Part 4
      • Living in Sequim Video Channel
    • Books
      The Coming Real Estate Crash

      The Coming Real Estate Crash

      The Sequim Real Estate Trilogy

      The Sequim Real Estate Trilogy

      Sequim Real Estate Videos for Buyers: The Ultimate Video Guide for Sequim Washington

      Sequim Real Estate Videos for Buyers: The Ultimate Video Guide for Sequim Washington

      Escaping California to the San Juan Islands

      Escaping California to the San Juan Islands

      Get Healthy

      Get Healthy: Increase Natural Immunities, Cellular Energy, Deep Sleep & Decrease Blood Pressure

      Manage Your Energy

      Manage Your Energy Not Your Time

      Real Estate Brokerage From Bricks and Mortar to High Tech Virtuality

      Real Estate Brokerage From Bricks and Mortar to High Tech Virtuality

      7 Myths of Selling Your Home

      7 Myths of Selling Your Home

      Buying Your Retirement Home

      Buying Your Retirement Home

      The New World of Marketing for Real Estate Agents

      The New World of Marketing for Real Estate Agents

      Sequim Real Estate For Buyers: Free eBook Updates Forever

      Sequim Real Estate For Buyers: Free eBook Updates Forever

      24 Secrets of Buying a Country Home

      24 Secrets of Buying a Country Home

      Sequim Real Estate: A Buyer’s Guide

      Sequim Real Estate: A Buyer’s Guide

      Living Off The Grid iin Alaska

      Living Off The Grid in Alaska

      Buying and Selling Real Estate

      Buying and Selling Real Estate

      Trending Tags

        • Sequim Real Estate for Buyers (Free eBook Updates Forever)
        • Sequim Real Estate: A Buyer’s Guide (Paperback)
        • Escaping California to The San Juan Islands
        • Buying & Selling Real Estate in The Rain Shadow
        • Real Estate From Bricks & Mortar to High Tech Virtuality
        • The Seven Myths of Selling Your Home
        • Buying Your Retirement Home
        • The New World of Marketing for Real Estate Agents
      • Agents
        • Professional Buyer’s Agent
        • Flat Fee Listing Broker
      No Result
      View All Result
      iRealty Virtual Brokers
      No Result
      View All Result
      Home Sequim Real Estate Market

      The Housing Market is Strong and Weak

      Chuck Marunde by Chuck Marunde
      September 16, 2011
      Reading Time: 3 mins read
      0 0
      1

      The housing market is both strong and weak, and that’s not so much of a play on words as you may think.  The majority of the real estate market is in the tank almost everywhere in the United States.  Vast numbers of homes in this housing market have been in the MLS for a long time, some for two or three years or more.  This is the segment of the housing market that we read about on the front pages and hear about on the T.V. news.  It is full of homes people cannot sell, homes that buyers do not want or cannot finance, and includes foreclosures.  This is the segment that is weak.

      The Las Vegas Housing Market

      Housing Market

      The Housing Market Good or Bad?

      I just spent the weekend in Las Vegas, and my interest in the condition of the housing market prompted me to talk at length with a local Realtor about the housing market.  I spoke with Aubrey Buck, a top producer who will close a dozen transactions this month alone.  Here is what I learned.

      The Las Vegas Housing Market Similar to Sequim

      The Vegas market is surprisingly similar to Sequim, Washington.  Here’s is what I mean.  Both markets have a large percentage of homes that have not been selling within a reasonable period of time.  Both markets have fewer buyers than in years past.  Both markets have seen substantial discounts in the prices of homes.  But here is where the similarity is fascinating:  Both markets have a small segment of the market that is selling quite well and within a reasonable period of time and for good prices.  This is the segment of the market that is strong.

      In this recession, and especially in Las Vegas where the media reminds us constantly that the housing market is in shambles, Aubrey Buck is selling houses as fast as she can, and that means selling three homes every week.  Aubrey is selling the best homes in the best areas for the best prices, and for these homes there are more buyers than she has time for.  Believe it or not, but Aubrey told me that she doesn’t have time to put up signs on her listings, because they get sold within a few days.  That’s not happening in Sequim, but retirees are planning many months in advance before they arrive in Sequim to look at homes.  So even the ideal home in Sequim listed at a great price may be on the market for a few months before prospective buyers get to view it. 

      Who are the buyers for Aubrey’s homes?  They are investors who realize this is the best time to buy in years with prices dragging bottom and with historically low investor interest rates.  They are also first time home buyers, which we don’t have in Sequim, and they are upper income buyers moving to Vegas.

      The Sequim housing market has a similar pattern, and I’ve been writing about this for over a year.  The best homes in the best areas are selling for reasonable prices, while the majority of the housing market in Sequim sits on the market waiting for a buyer who never comes.  The challenge for retirees is that the small number of ideal homes that almost all retirees tend to focus on are selling, and when they are sold, they are off the market forever.  As these better homes are removed from the MLS inventory, that leaves the larger percentage of homes that no one wants.  This is why retirees are making their move this summer in Sequim to buy a home.  They also believe interest rates are going to go up.

      Sequim does not have investors buying homes, certainly not in any significant numbers.  Sequim also does not have a market for first time home buyers.  The Sequim housing market is almost entirely retirees, who are largely looking for similar homes.

      Last Updated on September 16, 2011 by Chuck Marunde

      Tags: Housing Market
      ShareTweet
      Chuck Marunde

      Chuck Marunde

      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. 

      Related Posts

      Sequim Real Estate Market Turns Down
      Sequim Market Reports

      Sequim Real Estate Market Turns Down

      July 13, 2022
      11
      Are Buyers Competing to Bid Prices Up?
      Sequim Real Estate Market

      Are Buyers Competing to Bid Prices Up?

      May 23, 2021
      32
      Sequim Home
      Sequim Real Estate Market

      Are We At The Top Of The Real Estate Market?

      April 14, 2021
      14
      Backup Offer
      Sequim Real Estate Market

      Should I Submit a Backup Offer in this Market?

      November 16, 2020
      4
      Sequim Real Estate Market
      Buyer's Agent

      Sequim Real Estate Market

      August 23, 2020
      4
      Sequim Real Estate Market
      Sequim Market Reports

      A Sequim Real Estate Market Update by Video

      June 17, 2020
      3
      Next Post

      Short Sale, Deed in Lieu, or Foreclosure

      Sequim Homes for Sale

      Comments 1

      1. Larry Jeffryes says:
        11 years ago

        My wife and I fit one Chuck’s descriptions of a retiree demographic looking to move to Sequim. While we have not retired yet and plan to work for a few more years, we are looking a Sequim real estate now. Perhaps we can buy in Sequim now and gradually make the transition from the southwest to the northwest spending more and more time on the Olympic Peninsula.

        We are looking for a new environ as we have lived high and dry along the Rio Grande in NM and Colorado for over 45 years – and my wife for all her life. No plans for LV’s hot desert. I DO NOT DO WELL IN THE HEAT!

        We believe Sequim offers the best of the best: Climate, water, mountains, new experiences, and most of all, the people. That’s what what we want to invest in – and a nice home to enjoy and the right price.

        Reply

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      I agree to the Terms & Conditions and Privacy Policy.

      This site uses Akismet to reduce spam. Learn how your comment data is processed.

      "I wish I read this before selling my
      home. I could have saved $50,000." Andy 

      Search 2,200 Articles by Category

      • Trending
      • Comments
      • Latest
      Buyer and Seller

      What if a Buyer and Seller Talk to Each Other?

      August 5, 2022
      10 Best Places to Retire

      Why is Sequim One Of The 10 Best Places To Retire?

      September 22, 2019
      Terminate a real estate contract

      How to Terminate a Real Estate Contract

      December 31, 2020
      Prorate Propane

      How to Prorate Propane at Closing

      August 15, 2015
      print newspapers

      Print Newspapers Losing Readers to the Internet

      42
      FNMA Killing Transactions by Requiring Private Road Maintenance Agreements

      FNMA Killing Transactions by Requiring Private Road Maintenance Agreements

      31
      Buyer and Seller

      What if a Buyer and Seller Talk to Each Other?

      28

      What Documents Does a Buyer Need to Buy Real Estate?

      24
      Marunde-Books

      Marunde Books: I’m Having Far Too Much Fun Here

      August 15, 2022
      Financing Contingency

      What does “The Financing Contingency Shall Survive the Closing Date” Mean?

      August 12, 2022
      Sequim Real Estate

      Massive Upgrades to Sequim Real Estate Blog

      August 11, 2022
      Subscription to iRealty Virtual Brokers Real Estate Blog

      How Do I Subscribe to This Real Estate Blog?

      August 11, 2022

      Subscribe to Chuck 
      Marunde's Newsletter

      Popular Stories

      • Buyer and Seller

        What if a Buyer and Seller Talk to Each Other?

        0 shares
        Share 0 Tweet 0
      • Why is Sequim One Of The 10 Best Places To Retire?

        0 shares
        Share 0 Tweet 0
      • How to Terminate a Real Estate Contract

        0 shares
        Share 0 Tweet 0
      • How to Prorate Propane at Closing

        0 shares
        Share 0 Tweet 0
      • The Sequim Blue Hole – A Map of Rainfall

        0 shares
        Share 0 Tweet 0

      Leaving Comments   I hope you’ll join our community and leave comments from time to time. Please realize that comments, if approved, will be public, so do not use any personal information you don’t want broadcast to the world, and definitely don’t leave a phone number. Comments are not the place to ask Chuck Marunde for help in finding a home. To do that, call or text Chuck.

      Neither Chuck Marunde nor iRealty Virtual Brokers offers legal advice on this site. Please Read Our Legal Disclaimer

      If you’d like to view how we protect your privacy, see our Privacy Policy.

      iRealty Virtual Brokers

      iRealty Virtual Brokers reaches out to buyers around the United States with thousands of online articles, MLS sites, apps, real estate books, videos, and much more specifically to help buyers find all the answers to their questions. We also now offer a flat fee commission listing service that saves sellers tens of thousands of dollars.

      iRealty Virtual Brokers
      125 Olympic Ranch Ln
      Sequim, Washington 98382
      360-775-5424

      Search the entire NWMLS in Washington State:

      Sequim-Homes.com

      The largest independent real estate blog in the State of Washington with over 2,200 articles totally focused on our client’s best interest, their needs and their curiosity. All free and 100% reliable. I’m here if you need me, 

      © 2006-2022 iRealty Virtual Brokers and Chuck Marunde

      No Result
      View All Result
      • Home
      • Search MLS
        • Sequim MLS
        • Sequim MLS Map Search
        • Port Angeles MLS
        • Port Townsend MLS
        • San Juan Islands MLS
        • All Islands MLS
        • How to Search the Sequim MLS
      • Videos
        • Sequim Videos Q&A
        • Buyer Videos Part 1
        • Buyer Videos Part 2
        • Buyer Videos Part 3
        • Buyer Videos Part 4
        • Living in Sequim Video Channel
      • Books
        • Sequim Real Estate for Buyers (Free eBook Updates Forever)
        • Sequim Real Estate: A Buyer’s Guide (Paperback)
        • Escaping California to The San Juan Islands
        • Buying & Selling Real Estate in The Rain Shadow
        • Real Estate From Bricks & Mortar to High Tech Virtuality
        • The Seven Myths of Selling Your Home
        • Buying Your Retirement Home
        • The New World of Marketing for Real Estate Agents
      • Agents
        • Professional Buyer’s Agent
        • Flat Fee Listing Broker

      © 2006-2022 iRealty Virtual Brokers and Chuck Marunde

      Welcome Back!

      Login to your account below

      Forgotten Password? Sign Up

      Create New Account!

      Fill the forms bellow to register

      *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.