2007 Sales Down Six Percent

Managing Real Estate Broker with Town & CountryReal Estate WA Lic# 32507

     As of  December 31st, home sales for the Port Angeles market were down fourteen from 2006's figures with 425 transactions closed against the previous year's 439.  Dollar volume was down seven percent with total sales for 2007 at $103,727,802 versus $111,866,666 for last year.

     As the year comes to the end, we have 268 active listings with 26 having come on and 34 having left the market due to listing expiration or withdrawal in December.  Over 50% of the homes available are priced below $300,000. 

    There are 59 homes priced to $199,999 and 43 priced from $200,000 - $249,999.  In the $250,000 - $299,999 segment there are 50 homes available.

     There are 35 properties priced from $300,000 - $349,999 and 26 priced from $350,000 - $399,999.  Moving up to the $400,000 - $499,999 range, there are 23 homes on the market.  The top two segments of $500,000 - $599,999 and $600,000-plus have sixteen listings each.

     In sales this year, as compared to last year, there were 137 homes that sold for under $200,000, versus 151 for 2006.  Homes that sold from $200,000 - $249,999 saw an uptick with 104 selling this year and 95 last.  The next three ranges of $250,000 - $299,999, $300,000 - $349,999 and $350,000 - $399,999 all saw a decrease in sales numbers with 73/84, 39/45 and 24/29 homes sold respectively.

    The last three segments all saw an increase with the largest being fourteen sold versus four in 2006 in the $500,000 - $599,999 block.  Homes sold in the $400,000 - $499,999 range saw an increase  from 21 last year to 23 this year.

     Last year there were ten homes that sold for more than $600,000.  This year there were eleven. In 2007, on average, homes sold for 96.5% of the asking price across the board.    



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