I spent all day yesterday showing clients homes, and we have a list of homes to view today. Three of the homes on our list are sold out from under us. How does that happen in a real estate recession with so many homes on the market? It happens because retirees tend to have very similar interests, and they end up focusing on the same two or three dozen homes
homes, or three dozen homes, and these are the best of the best. These are the homes that are selling.
In addition, clients are telling me that rather than wait two or three years, they have decided to buy now. Why? Because they don’t see prices going up dramatically on their own homes (in California or Colorado, etc.), and they expect interest rates to start rising soon. If prices do go up, selling their own homes and buying a home in Sequim is probably a wash.
I would concur with my clients on their interpretations. I also believe this is a good time
to buy. I don’t see prices going lower in Sequim, and I do see interest rates increasing, but probably more importantly, the best homes are selling and gone forever (or for 10 or 20 years). The inventory in Sequim is small, so there are not that many homes that retirees would consider their ideal home.
The Sequim real estate market is healthy and buyers are making their move this summer.
Homes Shown in Photos Built by Rick Anderson, 360-452-4641