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Homes and Land in Sunny Sequim, Washington

Homes and Land in Sunny Sequim, Washington

Sequim's No.1 Buyer's Agent Where Knowledge & Experience Count.

(360) 775-5424
Email: ChuckMarunde@gmail.com

iRealty Virtual Brokers, aka Sequim & Port Angeles Real Estate
125 Olympic Ranch Ln, Sequim, WA 98382

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Sequim Real Estate Market Update

by Chuck Marunde / Tuesday, 16 June 2020 / Published in Sequim Home Sales Report, Sequim Market Reports
Sequim Real Estate Market Report

This Sequim real estate market update is brought to you courtesy of Chuck Marunde, J.D., your favorite Sequim Buyer’s Agent. The Sequim real estate market is truly unique. Buyers with experience in other markets often draw conclusions about Sequim listings that have been on the market for a long time, such as there must be something wrong with it, or that it is overpriced. In a market with lots of buying and selling of similar homes and big numbers that can be used to draw statistical conclusions, that can work. But the Sequim real estate market doesn’t lend itself to the same kind of statistical analysis that can be done in most metropolitan areas or even active bedroom communities outside the metros. This is true for several reasons.

First, this is a market dominated by buyers who come from all over the United States, and they are approximately 95% retirees. In 2019 first time home buyers made up as much as 33% of the buyers on a national level, but that’s not true in Sequim and Port Angeles, and it changes the dynamics of our market.

Second, the Sequim market in particular is a small market, meaning there is a very small inventory of homes that are at or near the top of the bell curve of what retirees want. If the market has such a small market, there are few, if any, comps for a particular home, it’s nearly impossible to draw conclusive conclusions about price or days on market.

Third, there is very little turnover in the Sequim area. In other words, when retirees buy a home in Sequim, they don’t sell it in 5 to 7 years like most people around the country. Instead, they stay put for 15 to 20 years. That means the best homes in the best areas are limited if you are looking for a home you can buy.

This is an interesting interactive graph you might enjoy. It does show us sales in Sequim over a period of time, and as you can see sales have increased for years since 2011, but pulled back recently. Covid-19 and the economic recession have certainly had an impact on buyers moving to Sequim. Drag your mouse across the chart to see the interactive numbers. You can see what this data represents at the bottom of the chart where the search parameters are shown: 1.) the Sequim zip code of 98382, 2.) 3 or more bedrooms, 3.) a price of $349,000 or more, 4.) single family home, and 5.) single story. This describes the home at the top of the bell curve for the vast majority of retirees moving to Sequim.

What does the rest of 2020 hold for the Sequim real estate market? That’s a much longer and detailed analysis, and if you’re making plans and trying to decide on the best timing, you’re welcome to call me and discuss it at length on the phone, 360-775-5424.

Possibly Related Posts:

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

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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

Blog Articles by Date

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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