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Homes and Land in Sunny Sequim, Washington

Homes and Land in Sunny Sequim, Washington

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Email: ChuckMarunde@gmail.com

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125 Olympic Ranch Ln, Sequim, WA 98382

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Sequim Home Sales

by Chuck Marunde / Thursday, 19 September 2019 / Published in Sequim Home Sales Report
Sequim Home Sales

Sequim home sales for 2019, at least for the first 8 months (January through August) have been interesting, if not a bit confusing. So I decided to do an in depth collection of data in all the price ranges and compare the total sales for the past eight years.

There’s a tremendous amount of information in this chart, and I’ll just summarize some highlights. The white numbers at the top of each colored column represent the actual number of Sequim home sales in that price range. You can match up the year of each column with the legend, and the numbers at the bottom represent price ranges, so “1-2” represents $100,000 to $200,000.

Sequim Home Sales

Sequim Home Sales

Here is what becomes obvious from a visual aid like this that isn’t so obvious when just looking at the MLS data. Don’t forget the data is from the first eight months of each year, because right now we just ended August of 2019, and I wanted to compare apples with apples in the prior years.

The largest number of homes are clearly sold in the price range of $200,000 to $300,000 when you combine the years from 2012 through 2019. Second is $300,000 to $400,000. About as many Sequim home sales are made between $100,000 and $200,000 as are in the range of $400,000 to $500,000.

The sales numbers dramatically fall off when you get above $500,000, and especially above $700,000. Here are the stats for all sales from Jan 1, 2012 through Aug 31, 2019, including the average Sequim home sales price.

The average “sold price” during this 8 year period is $336,686, and the median is exactly $300,000. The average days on market are 91 days. Of course, this is a period of time that went down and up and down again, so take these stats with a grain of salt.

There is another very intriguing pattern that becomes clear in this chart. Notice that the sales of homes in the upper price ranges, particularly $300,000 to $400,000, and $400,000 to $500,000, and $500,000 to $600,000, and $600,000 to $700,00 all show substantially increased sales over the years to the present in 2019. I believe there are a couple of reasons for this.

First, the prices have been increasing in Sequim slowly, and to buy that nice home means paying more. Second, the inventory of homes in Sequim has been shrinking as almost everyone knows, and that means if a retired couple wants a nice home, they are unlikely to find it in the mid to lower price ranges any more. This is a much more competitive market for buyers.

Much more could be said about the information that this chart reveals, but I’ll add just one more observation. Sequim home sales in the top price range of $800,000 plus remains a very small percentage of the total sales, and also have continued to be sporadic. There are far fewer buyers in the top price range, and in a small market like Sequim’s, the uber wealthy will move to Sequim if and when they so desire. That doesn’t leave a lot of room for statistical consistency (or forecasting). It does make it harder for sellers in the highest price range, because you cannot know for sure when the right buyer will arrive. It could be in a week, or in a year. The best and most effective thing a listing agent can do to help sellers in this top price range is to do the best job with photos, virtual tours, drone videos, and a large Internet presence.

Buying and selling in a small market like this makes Sequim home sales harder to forecast without consistent data for statistical analysis, but this visual aid is fun and helpful. I hope you’ve found it helpful.

Possibly Related Posts:

  • Sequim Real Estate Market Update
  • Sequim Home Sales in Winter
  • Sequim Homes Sales Report
  • Home Sales Above $500,000 in Sequim
  • Sequim Real Estate Market

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Tagged under: sequim home sales, Sequim homes sales report

About Chuck Marunde

After practicing real estate law for 20 years in Washington, Chuck opened iRealty Virtual Brokers covering the Sequim and the beautiful Olympic Peninsula. Chuck is the author of numerous magazine and Internet articles with a primary focus on real estate. He is also the author of over a dozen books, mostly about Sequim real estate. Chuck is a photographer, videographer, and Registered FAA Drone Pilot. Chuck has combined his love for real estate and technology to create a growing Internet presence in his market, and enjoys building his websites and blogs, including SequimBlog.com and Sequim4Sale.com and LuxuryWaterViewHomes.com. Chuck has degrees in Economics, Law, and Education.

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Chuck E. Marunde, J.D.

Sequim Buyer's Agent
(Atty Ret.)
Founder and Broker of
Sequim & Port Angeles Real Estate dba iRealty Virtual Brokers
125 Olympic Ranch Ln,
Sequim, WA 98382
(360) 775-5424
ChuckMarunde@gmail.com

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From Los Angeles

It's rare, but once in awhile life provides the perfect collaborator for an important endeavor such as buying your new home. For me that person was Chuck Marunde. His two decade background as a Real Estate Attorney, his prolific career as an author of articles and books on Real Estate and his forthright and moral character made choosing Chuck a no-brainer. Chuck is dedicated, thorough, incredible at the negotiating table, knowledgeable about all local laws & regs but, most importantly, Chuck loves what he does. And what he does is find his client the perfect property. Chuck isn't about making the sale, he's about making the sale that is OPTIMUM for his CLIENT and this makes Chuck a rare bird indeed. I love my new home in Sequim and I am indebted to Chuck for making it happen. Kevin E.

From Seattle

I’ve had the pleasure of working with Chuck over the past three years in selling my parent's estate. It was a tough time to sell during the housing recession, but Chuck always kept things on the positive side. With his real estate law background, he offers sound, practical advice. He helps you along with the process using discussions and reason, rather than opinions and speculations. If Chuck doesn’t know the answers, he will get them for you. In several instances, Chuck took the initiative to meet with county officials to get up-to-date facts about zoning and regulations. I was always impressed with his company’s tech savvy communi-cations and internet presence: weekly email updates, blogs, videos, links, Linked-in networking, etc. He is truly pioneering the future of buying & selling real estate. Brian M.

From California

"Andy Romano is a successful motion picture character actor with over 40 years in 'the Biz.' Mr. Romano has a home in beautiful Santa Barbara, California, but he chooses to live most of the time in Sequim, Washington on the Olympic Peninsula in the great Pacific Northwest. Why? In his own words, 'Because it's even more beautiful and surrounded by more beauty in this incredibly peaceful and quiet place. With respect to real estate agents or brokers, well my friend Chuck Marunde, owner of Sequim and Port Angeles Real Estate, is hands down the best there" Andy R.

Intro by Chuck Marunde

From Florida

We do our homework for the task at hand and we look for and expect to enlist partners that do the same. It was our good fortune to select Chuck Marunde of Sequim and Port Angeles Real Estate to represent us as a buyer's broker in our search for a home in the Sequim/Port Angeles area. Chuck's site is all encompassing and super fast compared to many others, he knows the market at every conceivable level and his guidance through the process of selecting and purchasing a home is priceless - above and beyond that of anyone with whom we have ever worked. Add to all this his 20 year background in real estate law and you have discovered a superb asset in the adventure of purchasing a home. Greg and Marilyn

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