Is Another Real Estate Crash Coming?

Is another real estate crash coming? Our last real estate crash happened in 2007, and we had a long recession with a short recovery over the past two years. Now we are seeing signs of a looming market crash. The bond market is precariously hanging by a thread according to bond experts. The stock market

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Real Estate Prices

Real Estate Prices

I received this question about real estate prices today, “Am curious regarding your opinion as to higher priced home sales. It seems to me things are much slower in that market.” And that is correct. Look at this chart showing the distribution of sales based on price so far this calendar year. The data used in

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Fair Market Value Pushed Up by Shrinking Inventory

The fair market value of home prices is determined by supply and demand. That is fundamental economics. But something unique is happening to Sequim and Port Angeles real estate prices that you may want to know. When supply decreases over a period of time and demand remains steady, prices will be pushed up. That’s logical, but there’s another

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Real Estate Prices

Are real estate prices in the Sequim area at or near a bottom, and if so when will real estate prices start to increase? What kind of appreciation can we expect in Sequim? These are questions that buyers have been asking me as they plan to buy their retirement homes in or around Sequim. Most buyers

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Real Estate Prices and Why Sellers Struggle

Real estate prices are working their way back up slowly in many areas of the country, including Sequim and Port Angeles, and more rapidly in other hot markets (like some southern California markets). In areas like Sequim where real estate prices have not leaped upward, sellers are still struggling with listing prices and selling prices.

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Real Estate Prices – What is a Fair Price?

Buyers ask me about real estate prices and the question is, “What is a fair price in this market?”  As I show homes to retirees from outside the Sequim area, the concern they have when they find the ideal home is how much to offer.  They don’t want to pay more than they have to,

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Are Listings Over Priced in Port Angeles and Sequim?

Are homes for sale in Sequim and Port Angeles overpriced? This is a legitimate question. The answer is probably more accurately considered when you look at a particular home. In other words, while many homes are overpriced, many are not. Let me explain. I heard an interesting story this past weekend. A FSBO (for sale

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Real Estate Prices

It’s a buyer’s market.   There are many foreclosures flooding the market, and the inventory of listed homes and FSBO’s has reached record highs all over the country.   So have prices dropped dramatically?   In some areas of the country, the answer is yes, but in other areas, the answer is, “not by much.”

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Port Angeles Real Estate Buyers

Are buyers of homes and land in Port Angeles on hold?   Are they not buying?   What are they going to do in the months ahead?   I will tell you what I am seeing, although I cannot reveal my sources, because of my “patented” and confidential business secrets that I certainly do not

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