How many Sequim homes sold by price range during 2011 (January through September)? So glad you asked. I’ve pulled together the numbers from the Olympic Listing Service, and this chart shows the total number of Sequim homes sold by price range starting from $100,000 and up. It’s no surprise that the majority of homes (including mobile homes) have sold below $200,000, but the primary price range for retirees is the next price range from $200,000 to $300,000. It’s more than just interesting that above $300,000, the sales drop off dramatically.
Sequim Homes Sold by Price
Sequim Homes Sold by Price v. Port Angeles
More homes sold in Port Angeles than Sequim in the lowest price range. In the upper price ranges, almost all the homes purchased were in Sequim. No homes sold in Port Angeles above $600,000. Ten Sequim homes sold above $600,000. Clearly retirees who are buying luxury homes have chosen Sequim rather than Port Angeles in 2011. This is very significant.
The average price of homes sold in Port Angeles is $197,689, and the average days on market (DOM) is 104 days. The average price of homes sold in Sequim is $256,829, and the average DOM is 144 days. Sequim homes sold are an average of almost $60,000 more than Port Angeles homes sold.
Sequim Homes Sold by Price Implications
When you look at Sequim homes sold by price, and you examine this chart, it becomes apparent that there are a very small number of buyers for homes priced above $500,000. Port Angeles is not even in the game. Not only does this tell homeowners with luxury homes that there are very few buyers for their homes, but it also tells me that to market and connect with qualified buyers of luxury homes, there must be a marketing system in place that will reach those select buyers. Homeowners cannot rely on the MLS, the newspapers, listing agents, or luck. They will need much more to successfully reach qualified buyers and close a sale. Buyers of luxury homes are few and far between.
Last Updated on October 26, 2011 by Chuck Marunde