Kitsap County WA Market Conditions:Â April 2007
Real Estate Market Conditions for Kitsap County WA for 04/01/2007
The following is a quick analysis of the combined single-family home and condo market within Kitsap County, Washington, provided by Rich Jacobson of Windermere Real Estate, in Silverdale, WA.
- Properties currently active on the market:Â 1430Â
- Properties closed in the last 180 days:Â 1495
- Average Sales Price: $300,550
- Average List Price: $305,670
- Ratio of List Price to Sales Price: 98%
- Average Days on Market:Â 84 days
- Sales Pending this Week: 62
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The ”Way We Were”comparative snapshot:
- Active Listings:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 2006 - 884;Â Â 2007 - 1430
- Days on Market:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 2006 - 57;Â Â Â Â 2007 - 84
- Absorption Rate:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 2006 - 13;Â Â Â Â 2007 - 23
- LP/SP Ratio:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 2006 - 99;Â Â Â Â 2007 - 98%
- Closed Sales last 6 months:Â Â Â 2006 - 1805;Â 2007 - 1495
Current Market Conditions: As the weather continues to improve, look for increased Buyer activity, especially for waterfront and view properties. Final plans are still under review for the new Olympic View Marina (formerly Seabeck Marina), and work will hopefully commence sometime mid-summer 2007. This should help to encourage continued positive growth and improved property values in the Seabeck area. Meaningful progress is being made in the renovation and resurgence of Downtown Bremerton, especially along the waterfront. As anticipated, the opening of Anthony’s Seafood Restaurant has become one of the primary flagships for the longterm success of this project. For more helpful information and resources concerning real estate and living in Kitsap County, Washington, access my comprehensive website, www.KitsapLife.com .
