Bidding Wars for Homes?

Bidding wars for homes began in the Bay area in California about two years ago and in the Seattle area about a year ago. Bidding wars hit the Sequim area about six months ago, although with a different flavor than in the metropolitan areas. Bidding Wars Hit Sequim Supply and demand in housing determines prices, and when

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Is the Real Estate Market Bottom Here?

Is the Sequim real estate market now at a bottom?   This is the ultimate question.   Sequim is largely dependent upon markets in California, Arizona, Oregon, and Texas believe it or not.   Are these markets and the national market showing signs of bottoming out? If anyone needs hard evidence that the real estate

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Sequim Real Estate Price Reductions

Sequim and Port Angeles real estate listings have seen some reductions in prices recently.   Realtors love to use euphemisms.   Just as a used car is a “pre-owned car,”   so a price reduction is a “price improvement!” True from the buyer’s perspective, but certainly not from the seller’s perspective. In the last three

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