What is the price range of Sequim homes sold (and Port Angeles homes) sold in 2010? This is an important question, because it shows us the probability of homes selling based on price. If you have a home for sale now or one that you want to sell that is in the upper price brackets, you can see how many have sold in this chart and, therefore, the probability that you will sell your home. There is much more to statistical analysis and probabilities, but most homeowners don’t know how many homes have sold in their home’s price range, so this chart will be helpful to gauge the likelihood that you will get your home sold, or perhaps a better way to say that is the “reality check that homes in your price range are not necessarily selling every month” (or this year). Armed with this information, you can put together a plan to market your home and get it sold, considering the realities of this data.
Site built Homes sold are represented in this chart, showing homes sold monthly from January 1 to August 31 in 2010 by price category. Starting with $200,000 to $300,000, this chart shows how many homes have sold in each $100,000 price range. [Click on the chart once and then after a few seconds again to enlarge it.]
Sequim Homes Sold
Sequim Homes by Price
Clearly the most Sequim homes sold are in the price range from $200,000 to $300,000. This has been the biggest market for buyers from out of state who have found an opportunity buying Sequim homes at the lowest interest rates of their lives, and with the price reductions, a large inventory of homes fit in this price bracket.
Sequim Homes by Price Brackets
Sequim homes in the $300,000 to $400,000 price bracket represent some of the best values for buyers in this market. Beautiful custom homes are being sold in this bracket that were as much as $450,000 to $500,000 in 2005.
Above $400,000 it gets interesting. Only 23 homes have sold above $400,000 this entire calendar year in 2010. And only 3 homes have sold above $600,000. Of all the Sequim homes sold, only one has sold above $700,000, and zero Sequim homes have sold above $800,000. This means that less than one-half of one percent of homes sold this year are above $700,000.
For buyers who can afford a home in the upper price brackets ($500,000 plus), there are some extraordinary buys right now in this market. A home in 2005 that might have sold for $900,000 may be listed on the market now for $580,000. While this segment of the market speaks to a very small percentage of buyers right now, it may be the greatest opportunity for buyers who want an extraordinary custom built home at a bargain price.
There are a number of conclusions that one may draw from this data, but one rational conclusion or deduction one can draw from this data is this: Sequim homes in the upper price brackets must be marketed very effectively to connect with the potential buyers who are few and far between.
Last Updated on July 27, 2012 by Chuck Marunde
