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Home Sequim Real Estate and Port Angeles Real Estate

Washington’s Real Estate Market and Economy

Chuck Marunde by Chuck Marunde
June 17, 2019
Reading Time: 1 min read
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The cooler housing market has sent Washington’s economy, once one of the strongest in the nation, on a road to real estate deflation in the majority of markets, but not all. In western Washington, along the I-5 corridor home prices are deflating. While in a few isolated communities on the east side of the state, markets remain somewhat stable.

With one of the strongest statewide economies in the country, Washington is better off than most. In Seattle, homes coming on the market for sale are adding to an over abundance of inventory. A handful of commercial projects downtown have been put on hold or cancelled, further indicating the area’s growth has slowed from the boom.

City Forecast
Seattle − 5.7%
Bellingham − 6.3%
Tacoma − 6.9%
Spokane 4.4%
Tri-Cities 2.0%
Yakima 4.1%

This chart shows the percentage change this year in real estate prices.   The northern Olympic Peninsula has been one of the strong western markets.   We have increased inventory, and some reduction in average sales price, but still prices have been fairly stable.

Source and full article view:   Housing Predictor

Last Updated on June 17, 2019 by Chuck Marunde

Tags: Clallam CountyOlympic Peninsula
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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 a dozen real estate 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 buyer's agent, and home owners around the State of Washington seek him out because of his new Flat Fee Listing Service. 

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  • Home
  • Search MLS
    • Sequim MLS
    • Sequim MLS Map Search
    • Port Angeles MLS
    • Port Townsend MLS
    • San Juan Islands MLS
    • All Islands MLS
    • How to Search the Sequim MLS
  • Videos
    • Sequim Videos Q&A
    • Buyer Videos Part 1
    • Buyer Videos Part 2
    • Buyer Videos Part 3
    • Buyer Videos Part 4
    • Living in Sequim Video Channel
  • Books
    • Sequim Real Estate for Buyers (Free eBook Updates Forever)
    • Sequim Real Estate: A Buyer’s Guide (Paperback)
    • Escaping California to The San Juan Islands
      • Menu Below
    • Buying & Selling Real Estate in The Rain Shadow
    • Real Estate From Bricks & Mortar to High Tech Virtuality
    • The Seven Myths of Selling Your Home
    • Buying Your Retirement Home
    • The New World of Marketing for Real Estate Agents
  • Agents
    • Professional Buyer’s Agent
    • Flat Fee Listing Broker

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