Sequim home sales and Port Angeles home sales from January 1st through June 23rd (today) of 2009 are shown in this spreadsheet. I’ve weighted the data to more accurately reflect the market by only including homes from $150,000 to $600,000. This range represents something close to 95% of the homes sold.
|Br||# Listed||# Sold||% Sold||Avg List||Avg Sale||Sale/List||DOM|
The columns from left to right represent the number of bedrooms, the total number of listings, the total number of these listings that sold, the average listing price, the average sales price for those that actually did sell, the ratio of the listing price to the selling price, and the days on market for those that actually sold. Those that did not sell are either expired (about a third of all the listings expired without a sale), or their DOM continues to increase (not shown in this spreadsheet).
It’s no surprise that the largest number of homes listed for sale are three bedroom. That is the standard, and even for retirees, having one spare bedroom for company or family and a third room for a study or computer room is popular. Of these three bedroom homes, a third of the homes listed did not sell and the listings expired (not shown in the data here). Of those remaining listings in this category, only a fourth of them sold in this first six months of the year. The average selling price was 95% of the listed price. That means a home listed for $400,000 sold for $380,000.
All of this is worth knowing when it comes time to negotiate the purchase of your own home.
Last Updated on August 2, 2022 by Chuck Marunde