Here’s a great visual of Sequim real estate prices and Port Angeles real estate prices in the first 11 months of 2006 and 2007. This is very revealing! Click on the graphic below to enlarge it.
Total site-built homes sold in Sequim in the first 11 months of 2006 was 363, and in 2007 it is 318. Total site-built homes sold in Port Angeles in the first 11 months of 2006 was 334, and in 2007 it is 330. So all the negative news in the press does not necessarily apply to Sequim and Port Angeles, does it?
Notice that the average selling price this year in both Sequim and Port Angeles has increased, NOT decreased, and Sequim sales are only down to 318 from 363, while Port Angeles sales are only down to 330 from 334. Obviously, Sequim having been “hot” for a time has seen its sales down in 2007 more than Port Angeles. Overall, this is still a very healthy real estate market.
Note on Source of Data: These statistics come from the most reliable real estate agent database, Paragon, which is the primary source of all agent listings and sales in Sequim and Port Angeles. Some brokers also belong to the Northwest MLS, but since not all brokers belong to the NWMLS, and all brokers do belong to the Paragon MLS, Paragon is the only source of all listings and sales through brokers. There is a small segment of market data that is not included in either the Paragon system or the NWMLS, and that is the for-sale-by-owner listing or sale. Since that is such a small percentage of the market, the Paragon statistics are deemed the most reliable and statistically accurate.
Last Updated on September 20, 2019 by Chuck Marunde