November :: SoundBiteBlog.com 2009

Kitsap County WA Real Estate Market Report – November 2009

November 5th, 2009 by Rich Jacobson

The following is a brief analysis of the combined single-family home and condo market within Kitsap County, Washington for November 2009, provided by Rich Jacobson of Windermere Real Estate, in Silverdale, WA (this includes data for Bainbridge Island WA) kitsap-county-wa-real-estate

Properties currently active on the market: 1793
Properties closed in the last 180 days: 1482
Average Sales Price: $291,137
Average List Price: $302,224
Ratio of List Price to Sales Price: 96%
Average Days on Market: 93
Sales Pending this Week: 69

Port Orchard WA statistics separately: (Area 143)

Properties currently Active on the market: 94
Properties closed in last 180 days: 117
Average Sales Price: $204,241
Average List Price: $207,086
Ratio of List Price to Sales Price: 99%
Average Days on Market: 60
Sales Pending this week: 9

For additional area specific market statistics, go to www.KitsapLife.com

WHAT’S HAPPENING NOW?

1st-TIme-Home-Buyer-Tax-Credit The biggest changes compared to last month were that the number of Active properties (homes currently available for sale) has decreased by about 7.5% or 150 homes, but the sales of pending homes over a 180 day period has increased. Most attribute the continuing positive sales growth to several factors, including lower interest rates, attractive and competitive pricing incentives offered by Sellers/Builders, and the pending expiration of the $8000 Federal Tax Credit for 1st Home Buyers.

Speaking of the $8000 1st-Time Home Buyers Tax Credit, it appears that this program is headed for an extension in the very near future. A measure for the Feds to continue offering the tax credit until April of 2010 has passed through the Senate and should be approved by sometime next week.

For more information, go to First-Time Home Buyer Tax Credit nears Extension.

FINDING YOUR SUSHI ‘FIX’ ON THE KITSAP PENINSULA

Whenever I travel or visit a new area, I’m always scoping out new places to indulge one of my favorite pastimes – eating sushi!

Here on the Kitsap Peninsula WA, there are a number of enjoyable local restaurants where you can feast to your heart’s content. However, there are times when you just want to relax at home, watch the game on TV, and pork out in private. For such occasions, I prefer ‘Sushi Ko‘ at Central Market in Poulsbo. You can choose from a wide assortment of freshly made sushi, or have them custom prepare it while you shop.

For more information, go to Good Sushi Hunting on the Kitsap Peninsula.

~ o ~ o ~ o ~ o ~ o ~

Rich Jacobson is a licensed real estate professional providing knowledgeable empowerment and relentless representation for his clients of residential properties and vacant land throughout all of Kitsap County WA and portions of Pierce, Mason, and Jefferson Counties. You can also find him at KitsapLife.com, ActiveRain, and Crabbing in the Hood, or e-mail: kitsapagent@gmail.com

Share on Facebook

Bookmark this article to:

Posted in Kitsap County WA Market Reports | No Comments »

Tags: $8000 1st time home buyers tax credit, central market, kitsap county WA real estate market report, Port Orchard Real Estate, poulsbo wa, sushi ko

1st-Time Home Buyer Tax Credit nears Extension

November 3rd, 2009 by Rich Jacobson

first-time-home-buyer-tax-credit

According to an article on Forbes.com, the popular $8000 Tax Credit afforded to First Time Home Buyers is very close to being extended through April of 2010.

Here is an excerpt of that article:

“An $8,000 federal tax credit for first-time homebuyers that is set to expire at the end of the month inched another step closer to getting extended until April. The Senate voted 85-2 yesterday to move the bill to a final vote, and senior members of Congress said that they expected the bill to pass next week.”

With everything else that’s been going on in Washington of late, i.e. massive debt to bailout Wall Street, dismal ‘Cash for Clunkers’ program, government take-over of Health Care, indecision on Afghanistan, etc., it’s encouraging to see progress on legislation that is truly effective for a change, and makes a difference for taxpayers and the economy.

This would be great news for many first-time home buyers here in Kitsap County WA and people who have been considering purchasing their 1st home. I have some great folks who have been extremely patient in awaiting word on their short sale contract for a home out in Lakeland Village, outside of Belfair WA. This extension would be wonderful news for them!

For more information on the $8000 Federal Housing Tax Credit for 1st-Time Home Buyers, go HERE!

If you’ve ever wondered what all is involved in buying a home, check out my fun and informative series entitled “Adventures in 1st-Time HomeBuying.”

~ o ~ o ~ o ~ o ~ o ~