I’ve talked with many builders in the area, and they all express the same sentiment. They cannot build a home and sell it for less than $279,000, and with a few upgrades most people want in their homes, that boosts the price of a new home to above $300,000. That’s pretty much rock bottom pricing.
Most new homes, including the price of the land, site preparation, and home construction are $350,000 to $450,000. A significant number of retirees to the area are spending a total of $550,000 to $750,000 on land and construction. Those are not even luxury homes. Luxury homes are much higher.
You can find an older stick built home for less, but you can’t replace it today at that price. Homes that are inhabitable and listed under $225,000 are gone. In a heartbeat.
Here is some real data in the form of listings that you can view in the Sequim market for homes priced under $200,000. In fact, here is a complete list as of this date of all homes listed for sale in Sequim for $200,000 and under. There are only seven, and you can click on this link and view these listings. There maybe one in here that is ideal for you, and if there is, you can email me or call me. I’d be glad to either get you more information or show you this house at your convenience.
These listings are best viewed in Internet Explorer, so if you are using Firefox, click on the link below but then switch to Internet Explorer if all your images are not showing correctly.
Click Here to View Listings
Courtesy Chuck Marunde and Sequim & Port Angeles Real Estate, LLC
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- Sequim Real Estate Market
- When Home Sellers Chase the Price Down
- Sellability and Appreciation
- Sequim Home Prices Compared to Other Areas