Real-Estate-Market

The Sequim Real Estate Market for 2019

What will the Sequim real estate market bring us in 2019? I’m sure most real estate agents are afraid to touch that lightening rod for fear of being proven wrong, but I think my clients and prospective clients would like to know what 24 years in the Sequim real estate market is suggesting to me

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Real Estate Market Report June 2015

The Sequim real estate market report for June of 2015 confirms the trend of an improving market, but alone this report doesn’t tell us anything startling. Probably the most interesting data is the increase in the number of homes sold in June. Real Estate Market Report It’s been a very interesting real estate market this

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Sequim Real Estate Market Report May 2015

The Sequim real estate market has been doing much better this year, and as you may know from reading some of our earlier articles, some buyers are having a challenge finding their ideal home in the small Sequim inventory of homes in the MLS. ? Sequim Real Estate Market Active listings are down 21% in

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Home Sales Report

Sequim Real Estate Market Report December 2014

The Sequim real estate market for December 2014 is interesting. Most Decembers tend to slow down, because closings in December are from sales in October and November, and those months slow down. But the last two weeks of December got very busy at th end of 2014, but those closings will show up in the

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Sequim Real Estate Market Report September 2014

This real estate market report covers September of 2014 and compares listings, volume, and prices to the prior month and prior year. We continue to see the small Sequim real estate market get stronger, albeit slowly and steadily. The inventory continues to shrink for the ideal retirement home, prices are creeping upward, and homes from

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What’s Going on With The Real Estate Market?

Is the real estate market overvalued right now? According to the Chief Economist for Trulia, Jed Kolko, the real estate market is overvalued in some markets around the country. There are markets where housing prices are overvalued by as much as 10% in some markets, but he compared that to 2006 when housing was overvalued

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The Bifurcated Real Estate Market

Sequim is in a bifurcated real estate market, and we are seeing a similar pattern in other parts of the country, including California. In March I wrote an article about the bifurcated real estate market and the effect for buyers, “The effect this is having for retirees moving to Sequim is two fold.  First, some

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Sequim Real Estate Market Video for August 2014

The Sequim real estate market has not done anything unusual during August, and you’ll see in this video that we don’t have any significant market trends one way or the other. And maybe that is good news. What I watch for are trends that indicate an upward or downward trend. We all want to see

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Homes for Sale

Sequim Real Estate Market Report May 2014

The Sequim Real Estate Market Report for May of 2014 shows a continuing trend of increasing sales and prices. Homes are on the market for a shorter period of time measured by Days on Market (DOM), and prices are creeping upward slowly from month to month, and May is more proof. Sequim Real Estate Market Showing

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What’s New in the Sequim Real Estate Market?

The Sequim real estate market is hot, and here’s why. Homes in many hot spots around the country, including California, Texas, Florida, Colorado, Nevada, and Arizona are selling within days after they are put on the market, and many are selling for full price (all cash) and others are selling at above the listed price

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What is the Demand for Homes?

The demand for homes in Sequim and Port Angeles has been increasing, and this chart tells the story from the first quarter of 2005 through the first quarter of 2014. (Sequim is blue and P.A. is green.) Demand for Homes Increasing In 2005, which was really the peak year for real estate here (prices didn’t

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Real Estate Market Responds to Obamacare

The real estate market has been very active throughout 2013, at least up to October. Suddenly in October and so far in November buying activity has slowed down. Home showings have dramatically slowed. Buyers seem to have taken a reprieve from their visits to Sequim and to look at homes. This doesn’t mean buyers are

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Sequim Real Estate Market Status

This is a very unusual real estate market, and it is not like any market or cycle I’ve seen in 37 years in real estate.  The market today is like a three dimensional market compared to past years in which the market was more like a two dimensional model.  As a result, this is a

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The Real Estate Market and Economy Prediction 2012

What is the real estate market and the U.S. economy going to do in 2012?  Here is my read on the real estate market and the the economy for 2012.  In terms of credibility in writing an article on the economics of both the real estate market and the U.S. Economy, just for your information,

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The Real Estate Market Now – Rare Opportunities

This real estate market has two dramatically different outcomes for people today.  The two outcomes depend on which group you’re in.  The first group includes homeowners who are getting hurt in this real estate market.  The second group consists of homeowners and buyers who have a rare opportunity. Real Estate Market – The Hurting The

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Real Estate Market Report

Here is a real estate market report from the Northwest MLS.  December’s volume of pending sales around Western Washington nearly matched the total for the same month a year ago, which was the best December since 2006.  Sellers accepted offers from 4,359 buyers last month, only 40 fewer than a year ago when members of

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The Real Estate Market: Are Homes Selling in Sequim and Port Angeles?

What is the real estate market doing?  Are homes selling in Sequim and Port Angeles?  Yes, but it is a slow market.  Buyers are discerning and cautious, and only homes that are reasonably priced are selling in this market. The Real Estate Market There are homes where sellers (or their agents in whom sellers place

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The Market is up, no down, wait it’s . . .

The real estate market is up, no it’s down, wait . . . well, it depends on what day you read the news and which news you’re reading.  Two days ago I wrote this in an article: The Wall Street Journal reported that, “California’s inventory of unsold, previously owned homes shrank to a five-year low

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Realtor Upside Down on Market Prediction – Embarassing

I’ve heard the argument from a few people out there in the Internet world that they don’t trust Realtors, because Realtors ALWAYS say it’s time to buy.   First, that isn’t true.   I’m honest about how I preceive the market, and while I don’t have a crystal ball, I do have a degree in

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What the Market Crash Taught Me About Real Estate

The real estate market has taken a serious beating these past months, and the U.S. economy appears to be chaotic at best. I’ve been watching real estate cycles for 30 years, and I’ve learned four important lessons in this market. Lesson Number 1. The national real estate market has very little to do with a

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