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Home Sequim Homes Sold

Sequim Home Sales 2005 to 2015

Chuck Marunde by Chuck Marunde
September 7, 2019
Reading Time: 2 mins read
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Sequim home sales for the first six months of the year from 2005 to 2015 have a very revealing pattern. There’s a cliche that goes like this, “We often come full circle, back to where we started.” In economic theory, such patterns are called cycles. We go from economic expansion to crisis to recession, and eventually back to recovery and expansion. Look at the pattern of Sequim home sales in Sequim and Port Angeles from 2005 to 2015.

Sequim Home Sales

Sequim Home Sales Recovery

In 2005 in Sequim 294 homes sold above the price of $150,000 in the first 6 months of the year. That number dropped for the next four years to only 106 homes sold, started to recover, but then stumbled until 2013 when Sequim home sales increased to prior levels. For the first 6 months of 2015, we are nearly at 2005 levels again with 270 homes sold. What accounts for this improvement?

Sequim Home Sales Explanation

Real estate sales have increased in many key areas of the U.S., and since buyers in the Sequim and Port Angeles market are almost entirely from other states, you can expect Sequim home sales to follow trends in the national market, even if the response is delayed. But there’s another reason Sequim home sales are showing us a pattern of long term recovery. Baby boomers are retiring all over the U.S., and they are doing diligent research about where they want to live the rest of their lives. With droughts becoming a serious lifestyle issue on the west coast, the northwest is becoming very attractive, but that’s not the only reason. Low crime, non-existent traffic jams, pristine natural resources, recreation galore, fresh air, pure water, organic vegetables, and very friendly people are just some of the reasons Sequim has become so popular. In other words, Sequim home sales are recovering in part because retirees from all over the country are choosing the northwest over the west coast or southern states.

Sequim home sales have been stronger in 2015 than they have been in 10 years, going all the way back to the all-time peak of sales in 2005. I don’t know anyone who predicted the recession would last so long, but this chart of Sequim home sales makes a strong argument that the Sequim real estate market is recovering.

Last Updated on September 7, 2019 by Chuck Marunde

Tags: sequim home sales
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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 60 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 Sequim Buyer's Agent. 

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