Sequim appreciation rates and housing market information

Sequim housing market information

With 4,323 people, 2,426 houses or apartments, and a median cost of homes of $228,671, Sequim real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Sequim, accounting for 45.84% of the city's housing units. Other types of housing that are prevalent in Sequim include large apartment complexes or high rise apartments (22.22%), mobile homes or trailers (15.66%), duplexes, homes converted to apartments, or other small apartment buildings (9.15%), and a few row houses and other attached homes (6.14%).

People in Sequim primarily live in small (one, two, or no bedroom) single-family detached homes. Sequim has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Sequim built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sequim built from 1940-1969 (18.80%). A lesser amount of the housing stock also hails from 1995 and later (14.14%), and some were built from 1939 and earlier (14.14%).

Vacant housing appears to be an issue in Sequim. Fully 11.38% of the housing stock is classified as vacant. Left unchecked, vacant Sequim homes and apartments can be a drag on the real estate market, holding Sequim real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Sequim home appreciation rates

In the last 10 years, Sequim has experienced some of the highest home appreciation rates of any community in the nation. Sequim real estate appreciated 114.09% over the last ten years, which is an average annual home appreciation rate of 11.40%, putting Sequim in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sequim definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Sequim home appreciation rates, at 0.07%, have been at or slightly above the national average. In the latest quarter, Sequim's appreciation rate has been -0.76%, which annualizes to a rate of -3.04%.

Notably, Sequim's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Washington, our data show that Sequim's latest annual appreciation rate is higher than 55% of the other cities and towns in Washington.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sequim differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sequim - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Sequim real estate investment or home purchase decisions.