Real Estate Market Report/Conditions for Kitsap County WA for 07/10/2007

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: 2097  
• Properties closed in the last 180 days: 1562
• Average Sales Price: $305,732
• Average List Price: $310,120
• Ratio of List Price to Sales Price: 99%
• Average Days on Market: 89 days
• Sales Pending this Week: 44

Current Market Conditions: Have you ever seen molasses going uphill on a cold day? Well, that would pretty much describe the real estate market here on the Kitsap Peninsula (okay, it may not actually be THAT slow, but it sures seems like it at times!) Inventory levels continue to increase, though demand has remained constant. The pendulum has not swung over completely to a Buyer’s Market, but it’s definitely past the halfway mark. If you’re a Seller, you better be prepared to pull out all the stops in order to achieve success in selling your home. Here’s a couple of quick tips:

• Conduct a pre-sale home inspection. Anticipate and correct any problem issues ahead of time.
• If you’re on a septic, go ahead and have it pumped and inspected. Place of copy of the receipt and inspection results in the Home Book.
• Depending on the age of your home, offer a Home Warranty Plan to prospective Buyers.
• Consider having your home staged or hire a staging consult to give you some suggestions.
• Price your home agressively.

One of the best values on the market right now is my listing on Franklin Street in East Bremerton. Give me a call to schedule a private showing @ 360.440.4758

For additional information and resources concerning real estate and living in Kitsap County, Washington, access my comprehensive website, www.KitsapLife.com.

another quality consumer article by Sparky

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