contractors: Why homes over $500,000 are almost impossible to sell . . .
- 12/23/08 07:42 AM
Sequim and Port Angeles homes for sale in the upper price ranges, say above $500,000, are almost impossible to sell right now. Why? There are two major reasons. Reason No. 1. In Sequim, and even more so in Port Angeles, the percentage of buyers represented in this price range above $500,000 is only about 2% of all buyers in the current market, depending on what week or month you analyze. Generally, over 80% of homes sold here are in the $200,000 to $300,000 price range. Here are the sales for Sequim and Port Angeles in December, 2008 (as of yesterday 12/22/08): … (6 comments)
Sequim and Port Angeles homes for sale in the upper price ranges, say above $500,000, are almost impossible to sell right now. Why? There are two major reasons.
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