What has been happening with real estate prices in Sequim and Port Angeles recently? During the month of December, 2007, there were 72 price reductions for residential properties.
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These price reductions in December represent homes only, not lots and not multi-family units. The average 12% price reduction of these 72 properties represents a reduction in price from the original listing price (which would be months prior) and the current listed price by the end of December. This is good for buyers, and not so good for sellers. Look at the DOM or Days on Market. The average days these 72 homes were on the market without being sold was 158.
Stay tuned for more on the local real estate market and prices.
Chuck Marunde, J.D.
SequimPortAngeles.com
Last Updated on May 9, 2024 by Chuck Marunde
