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Chuck Marunde, J.D. Sequim and Port Angeles Real Estate

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Sequim Real Estate News

05-18-08
Chuck Marunde, J.D. Sequim and Port Angeles Real Estate

Sequim real estate news - you've found it! Looking for Sequim market news, legal solutions, interesting issues, photos, articles about local events or recreation, want to ask questions or comment? Here is a vignette of what you will find here:

SequimRealEstateNews.com = your #1 most content-rich news site.

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Are Homes Selling in Sequim?

05-17-08
Chuck Marunde, J.D. Sequim and Port Angeles Real Estate
Are homes selling in Sequim and Port Angeles? In the first four months of this year sales are down. We all know that. I was going to write, "That's not front page news," but it still is. The market has taken a beating around the country, especially because of the mortgage fiasco. When sales slow down in California, Arizona, Texas, and around Seattle, our buyers have to postpone their plans to purchase their retirement homes here. But exactly how much is Sequim and Port Angeles down in home sales? Here I compare the first quarter of each year since 2000.
This chart shows that home sales for Sequim and Port Angeles combined for January through April of 2008 are at pre-2003 levels. But let's face it--the real estate market really took off in 2003 through 2005 with great residual through 2007. The market is down. No doubt. But consider this: in the first four months of this year 166 houses sold in Sequim and Port Angeles. Buyers are still arriving. That is good. Those who are at the retirement point and have planned to move here, are still coming, unless their real estate market is so slow they can't sell their homes. The economy and the real estate market in the U.S. is amazingly resilient. I predict a reasonably good real estate market through the spring and summer in Sequim and Port Angeles. It is an excellent time to buy, and if you're selling, a good home in a good area has not lost value in these past months. The threshold of value remains strong.
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The Olympic National Park

05-17-08
Chuck Marunde, J.D. Sequim and Port Angeles Real Estate
The Olympic National Park is near Port Angeles, and has beautiful hiking trails. This is a photo I took many miles in the mountains. It was serene and a peace of heaven. If you love nature, if you love hiking, if you love the outdoors, you'll love the Olympic National Park. Did you know that the Olympic National Park protects the largest unmanaged herd of Roosevelt elk in the world? Want to see more? Go to Olympic National Park photos and hiking trails.
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Are Homes Selling in Sequim and Port Angeles?

05-09-08
Chuck Marunde, J.D. Sequim and Port Angeles Real Estate
Are homes selling in Sequim and Port Angeles? In the first four months of this year sales are down. We all know that. I was going to write, "That's not front page news," but it still is. The market has taken a beating around the country, especially because of the mortgage fiasco. When sales slow down in California, Arizona, Texas, and around Seattle, our buyers have to postpone their plans to purchase their retirement homes here.

But exactly how much is Sequim and Port Angeles down in home sales? Here I compare the first quarter of each year since 2000.

Sales ChartThis chart shows that home sales for Sequim and Port Angeles combined for January through April of 2008 are at pre-2003 levels. But let's face it--the real estate market really took off in 2003 through 2005 with great residual through 2007.

The market is down. No doubt. But consider this: in the first four months of this year 166 houses sold in Sequim and Port Angeles. Buyers are still arriving. That is good. Those who are at the retirement point and have planned to move here, are still coming, unless their real estate market is so slow they can't sell their homes.

The economy and the real estate market in the U.S. is amazingly resilient. I predict a reasonably good real estate market through the spring and summer in Sequim and Port Angeles. It is an excellent time to buy, and if you're selling, a good home in a good area has not lost value in these past months. The threshold of value remains strong.
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Water View Homes For Sale

04-10-08
Chuck Marunde, J.D. Sequim and Port Angeles Real Estate
Sequim View PropertySequim water view homes for sale and Port Angeles water view homes for sale: we have many for sale. Really that's no surprise, after all we do live on the Northern Olympic Peninsula, and we are surrounded by H2O. It's the mountains and the rolling hills that give our homes the elevation to have such incredible views of the Strait of Juan de Fuca, John Wayne Marina and the Port of Port Angeles.

During calendar year 2007, 926 homes sold in both Sequim and Port Angeles. How many of the homes sold have water views? Seventy homes sold in 2007 in Sequim and Port Angeles with a water view. In other words, 7.5% of homes sold have water views.

How many of the homes sold have mountain views? According to our local MLS, 328 homes sold in 2007 in Sequim and Port Angeles have a mountain view. In other words, 35% of homes sold have mountain views. What can I say? We have a lot of mountains here.

How many of the homes sold have both a water and mountain view? According to our local MLS, 131 homes sold in 2007 in Sequim and Port Angeles have both a water and mountain view. In other words, 14% of homes sold have both a water and mountain view.

Of course, the great variation and quality of these views would effect the value of homes sold, but beauty is in the eye of the beholder. For view properties currently available, search the entire Sequim and Port Angeles MLS of over 1,500 listed properties at SequimPortAngeles.com.
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