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Kitsap County WA Real Estate Market Report for August 2007

August 1, 2007 at 12:39 pm · Filed under Bainbridge Island Real Estate, Bites of Kitsap, Bremerton WA Real Estate, Buyers, Gig Harbor Real Estate, Port Orchard Real Estate, Poulsbo Real Estate, Real Estate Bites, Sellers, Silverdale WA Real Estate, Sparks from Sparky

Real Estate Market Report/Conditions in Kitsap County WA for 08/02/2007The Rich Report

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 (excludes Bainbridge Island).

  • Properties currently active on the market: 2199 up 4.7%
  • Properties closed in the last 180 days: 1652 up 5.5%
  • Average Sales Price: $309,118 up 1.1%
  • Average List Price: $313,008 up .09 %
  • Ratio of List Price to Sales Price: 99% same
  • Average Days on Market: 85 days down 4.5%
  • Sales Pending this Week: 69 up 36%

Current Market Conditions: Well, as you can see from the monthly stats update, inventory continues to increase. Fortunately, so have home sales. The pendulum has clearly swung over towards the Buyers favor in most areas of Kitsap County WA. Personally, as a professional licensed agent, this is a market dynamic I much more prefer. My Buyer clients have more time to shop and make prudent/wise home purchasing decisions. As a Seller’s agent, it requires greater effort and creative marketing ability to successfully achieve a timely sale. Many newer agents who jumped on the ‘Hot Market’ bandwagon are going back to their former jobs. A slower market definitely separates the career agents from the ‘wannabes.’

Last month, I offered some practical advice to prospective Sellers. Here it is again:

  • 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 aggressively.

profile-pic.jpgOne of the best values on the market right now is my listing on 7236 Hillridge Place. It’s a great newer home (2005) off Bielmeier Road in Port Orchard. The 4BR (3BR septic) 2586 sq.ft. Craftsman-style home is situated on a 1/2 acre lot on a small private cul-de-sac with 5 other custom homes. Call (360) 440-4758 for more details or to arrange a private showing!

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

3 Comments »

  Rachel B wrote @ August 2nd, 2007 at 9:56 am

Your statistics are looking pretty good considering the market. Thanks for sharing the good news, I don’t see that much in Northeast Ohio. I love that you suggest staging to your sellers. Staging a home makes it look its best so that buyers fall in love with it, the result is a faster sale and a higher offer! You make a move to Kitsap County very tempting :)

  richard bolen wrote @ August 5th, 2007 at 10:30 am

Hi Rich,

This one came via the link on Colleen’s AR post. As always we appreciate your information… as all in your real estate market should. It’s great and helpful information all the time.

  beverly williams wrote @ August 5th, 2008 at 2:13 pm

can you mention our LOVELY 2005 (only occupied late 2006 first time owners of home) at 1655 Bayview Dr in Bremerton?? 4bdrm 2.5 bath 2 story 2 fireplaces (fireplace in master),ss appliances, granite counter tops, full lower floor 3/4 inch thick maple floors,3k new shed in backyard,beautiful cyclone fence $259,950 w/BUYER BONUS etc see the rest in remax.com under mary burson

thanks SO much!

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