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Kitsap County WA Real Estate Market Report for April 2010

April 8th, 2010 by Rich Jacobson

Real Estate Market Report for Kitsap County WA 04/08/10

Kitsap County Market Report for April 8, 2010
Id Area Active
Listings		 Mos
of
Inv		 Sold
(6 mo)		 Avg
Sales
Price		 Avg
List
Price		 Sales/
List
Ratio		 Days
on
Market
141 South Kitsap-W of Hwy 16 163 7.64 128 258,655 265,126 97.56 92
142 South Kitsap-E of Hwy 16 148 10.33 86 290,299 298,284 97.32 86
143 Port Orchard 116 6.69 104 196,109 198,927 98.58 81
144 Retsil/Manchester 121 11.17 65 222,285 229,698 96.77 90
145 Seabeck/Holly 77 11.85 39 269,393 278,721 96.65 99
146 Chico 31 8.86 21 320,861 333,793 96.13 119
147 Silverdale 93 9.00 62 303,215 312,490 97.03 94
148 West Bremerton 212 8.37 152 165,991 170,959 97.09 65
149 East Bremerton 114 7.60 90 203,825 208,955 97.54 101
150 East Central Kitsap 145 6.26 139 232,311 234,177 99.20 81
161 Hansville 42 10.96 23 276,830 289,260 95.70 103
162 Kingston 72 8.15 53 313,293 327,593 95.63 101
163 Port Gamble 16 7.38 13 246,369 256,850 95.92 72
164 Lofall 26 6.24 25 300,294 314,386 95.52 57
165 Finn Hill 70 10.00 42 308,430 317,033 97.29 93
166 Poulsbo 102 6.06 101 289,900 296,580 97.75 79
167 Suquamish 41 7.69 32 250,603 260,245 96.30 73
168 Indianola 25 8.82 17 311,206 324,685 95.85 88
170 Bainbridge Island 256 11.05 139 594,297 643,094 92.41 159

I thought I would do something a bit different this month, and show all of the specific MLS zones within our county, rather than just collective county-wide figures.

As you can see, each area is broken down by ‘Active Listings’ (how many homes are currently available for sale), the calculated ‘Months of Inventory’ for each area, how many homes have ‘Sold’ in the past 6 months, the average ‘sales’ price of those homes sold, the average ‘Listing’ price of the homes sold, the ratio % of sales price versus list price, and the average ‘Days On Market.’

Obviously, East Central Kitsap and West Bremerton are still the selling ‘hot spots’ as are Poulsbo, Port Orchard, and South Kitsap West of Hwy 16.

Where the market is heading right now is anybody’s guess. The tax credits courtesy of Uncle Sam for 1st Time Buyers and Repeat Buyers are soon to expire, so there will probably be some spurt of last minute activity for those. The changing season to warmer weather tends to bring out more Buyers and more Sellers as well. Additional short sales and bank-owned properties will continue to have a negative effect on pricing and appraisal valuations.

Whether you’re a Buyer or a Seller, there are opportunities out there. Give me a call and I can help you make better sense of the market, and determine what is your most wise and prudent direction.

~     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, Everyday CK, and Crabbing in the Hood, or e-mail:  kitsapagent@gmail.com

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