The market in 2008 has been slow... really slow, however, prices have remained fairly stable. Based on data from OLS - Olympic Listing Service, the local MLS, so far 2008 YTD closed sales for site built homes (excludes manufactured and condos) with Sequim address, we have the following (OLS Area 300, SB, Sequim address only):
171 sales 2008 YTD (as of 8/18/2008 = approx. 21.5 sales/month avg)
Average sales price: $331,611
Median sales price: $292,250
Average days on market: 132
Contrast this with last year's market:
330 sales for 2007 total (27.5 sales/month avg)
Average sales price: 370,099
Median sales price: $324,000
Average days on market: 127
And now current available market:
338 'active' listings (15.72 months worth of supply vs 2008 YTD sales)
Average list price: $437,451
Median list price: 364,500
Average days on market: 142
So what does this mean?
Sales are off by about 22 - 25% for 2008 YTD vs 2007. Volume down...
Sales prices are off about 10% for 2008 YTD vs 2007. Pricing down...
List price vs sales price YTD is $437, 451 (avg list price) vs $331,611 (avg sales price) = average list price is currently 24% above average sales price!
Does this even make sense? NO!
I'm ripping my hair out. It's insane. It's crazy!!! What's really going on here???
I'll let you know when I figure it out... stay tuned.
Marti
Monday, August 18, 2008
Sunday, August 10, 2008
Joy's in Port Angeles
Looking for a great place for dinner? Try Joy's in Port Angeles, located on Hwy 101, aka Front Street, heading west. It's the bright gold building on the right - you can't miss it.
Unfortunately, Joy's is now only open for dinner, and my last visit was for lunch, so I had to revise my comments above... it's still a great place to eat.
The cuisine is an interesting blend of salads, sandwiches and pastas for lunch. I had the habanero chicken penne with a creamy tomato sauce - very good.
Unfortunately, Joy's is now only open for dinner, and my last visit was for lunch, so I had to revise my comments above... it's still a great place to eat.
The cuisine is an interesting blend of salads, sandwiches and pastas for lunch. I had the habanero chicken penne with a creamy tomato sauce - very good.
And the inside decor is just as intriguing...
Dinner is also great here, and they have beer and wine too, so stop by and give Joy's a try.
Dungeness crab and salmon in Sequim!
The Dungeness crab is delicious, and the salmon's not bad either! Check out Fisherman Fred with his latest catch: crabs from Sequim Bay, and the salmon out of Port Angeles.
All I can say is YUMMY, and bring on the butter, bread and wine!
Next up is Fred kissing his 15 lb salmon - can you say delicious?
Sequim rocks!
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