Sequim, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sequim, WA Real Estate Data


Sequim Housing Market Information

With a population of 6,826, 3,166 total housing units (homes and apartments), and a median house value of $236,212, 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 48.21% of the city's housing units. Other types of housing that are prevalent in Sequim include large apartment complexes or high rise apartments ( 27.76%), mobile homes or trailers ( 10.73%), and a few row houses and other attached homes ( 9.26%).

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 to 1999 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 between 2000 and later ( 35.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.29%). There's also some housing in Sequim built before 1939 ( 4.60%).

Vacant housing appears to be an issue in Sequim. Fully 10.59% 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

Sequim's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sequim during the period has been just -1.97%, which is lower than 80% of US communities.

Appreciation rates are so strong in Sequim that despite a nationwide downturn in the housing market, Sequim real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sequim appreciation rates continue to be some of the highest in America, at 7.49%, which is higher than appreciation rates in 88.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sequim. Sequim appreciation rates in the latest quarter were at 1.84%, which equates to an annual appreciation rate of 7.57%.

Relative to Washington, our data show that Sequim's latest annual appreciation rate is lower than 50% 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 2000, to assist you in making the best Sequim real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$236,212

Sequim, WA HOME PRICES

Value Range
> $1,159,000 0.6
$869,001 - $1,159,000 0.4
$579,001 - $869,000 3.7
$463,001 - $579,000 2.6
$348,001 - $463,000 11.2
$232,001 - $348,000 35.4
$115,001 - $232,000 30.3
$58,001 - $115,000 7.0
$0 - $58,000 8.8

Average for WA
High for Nation

Value Relative to Nation Value Relative to State
25.3264624934122 57.8014184397163

Number Of Homes And Apartments:
3,166

Rent & Ownership

 

Average Market Rent:
$1,279 / per month

Homeownership Rate

Homeownership
Owners 51.27
Renters 48.73
Vacant 10.59

Housing Market Details

 

Age of Homes

AGE OF Sequim HOMES
2000 or Newer 35.2
1970 - 1999 45.9
1940 - 1969 14.3
1939 or Older 4.6

Types of Homes

TYPE OF Sequim HOMES
Single-Family 48.2
Townhomes 9.3
Small Apt. Buildings 4.0
Apt. Complexes 27.8
Mobile Homes 10.7
Other 0.0

Home Size

SIZE OF Sequim HOMES
No Bedroom 4.41
1 Bedroom 15.31
2 Bedrooms 38.60
3 Bedrooms 36.40
4 Bedrooms 4.26
5 or more bedrooms 1.02

Sequim Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
54.89% 2.61% 3 7
* 10 is highest

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Zip Codes in Sequim, WA