This Sequim Real Estate Market Report reveals a very interesting view of home sales in Clallam County in the fall season. I was motivated to look at these stats, because I learned today about a couple who had their home on the market for a year and didn’t sell it, and they just decided to pull it off the market for the winter months starting in September. I thought about that and asked, “Who is telling these good folks that homes don’t sell in the winter months?” I periodically hear sellers say that homes don’t sell in the winter months. That simply is not true. Homes are selling every week during every winter month. I’ve been very busy showing homes in July, August, and September, more than during the same period in the past several years. Home sales are up substantially from the past two years, and here is the proof. I will demonstrate that with this graph and an explanation. Click on this graphic to enlarge it.
Sequim Real Estate Market Report
Sequim Real Estate Market Report Interpretation
The data shows in this Sequim real estate market report that sales in July of 2012 have increased by a huge 29% over July of last year, and sales in August of 2012 have increased a gigantic 66% over last August. In September of 2011, 11 homes sold, and already through September 21st of 2012 we have 13 homes sold. I’m projecting that another 7 homes will close before the end of September, which will mean almost a 100% increase in sales this September over September of last year. I think it is fair to project November and December will have substantially more sales than the same months last year.
Sequim Real Estate Market Report Implications
The implications of this Sequim real estate market report is twofold. First, buyers will recognize that homes that they may want to buy as their dream retirement home are selling at a much higher pace than in past years. We have a very small inventory of ideal retirement homes, and once sold, they are gone. Retirees seem to drill down to the same two to three dozen homes. At the current sales rate, how long will it take for two dozen ideal homes to be sold? Not long at all, and while new listings will come into the market, they are clearly not replacing all the good homes fast enough. As I have written many times, “The best homes in the best areas listed at the best prices are selling just as though it is a normal real estate market.”
Second, home sellers ought to re-examine their strategy to take their homes off the market during the winter months. The data indicates that one home is being sold every working day of the month and probably will during October, November, and December. Why would a seller remove their home from a market when a home is sold every day of the work week? [The other reason people take their homes off the market is they are tired of having to keep it in perfect showroom condition. Guess what? Buyers don’t care about showroom condition. They are looking at the location, the property, the floor plan, and the kitchen. Buyers never walk away from making an offer if there is dirty laundry or unwashed dishes in the sink. Buyers do not care if the house is spotless. I know because I’ve been asking them for 20 years.]
For an analysis of your home and where it stands in this market, call Chuck Marunde at 360-775-5424. If you would like to know more about this Sequim real estate market report, email or call Chuck.
Last Updated on September 24, 2012 by Chuck Marunde