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Kitsap County WA Real Estate Market Report for January 2010

January 13th, 2010 by Rich Jacobson

The following is a brief analysis of the combined single-family home and condo market within Kitsap County, Washington for January 2010, 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:  1583
  • Properties closed in the last 180 days:  1514
  • Average Sales Price:  $284,379
  • Average List Price:  $294,758
  • Ratio of List Price to Sales Price: 97%
  • Average Days on Market: 94
  • Sales Pending this Week: 50

Bainbridge Island WA statistics separately: (Area 170)

  • Properties currently Active on the market:  235
  • Properties closed in last 180 days:  153
  • Average Sales Price:  $534,999
  • Average List Price:  $571,505
  • Ratio of List Price to Sales Price: 94%
  • Average Days on Market: 94
  • Sales Pending this week: 3

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

WHAT’S HAPPENING NOW?

According to a recent SmartMoney.com article entitled “5 Markets Expected to Fare Best in 2010” both Seattle WA and Tacoma WA were listed. While the writer forecasts a 2.44% increase for the Tacoma market, she predicts that Seattle will continue to slide by half a percent. But that’s obviously a prettier picture than in many other housing markets across the US.

The numbers here in Kitsap County WA continue to slow and flatten out, which is fairly typical for this time of year. What remains to be seen is if the market will show any signs of rebounding in the Spring.

With the extension of the 1st Time Home Buyer Credit and the new Repeat-Buyer Credit, we should begin to see some improvement and increased activity through March and April.

For more information, go to First-Time Home Buyer Tax Credit – The Full Scoop.

Everyday-CK-blog-on-the-kitsap-sun

‘Everyday CK’ – My New Blog on the Kitsap Sun

Just wanted to mention that I was recently afforded the opportunity of joining the team of bloggers on the Kitsap Sun website.

My blog is entitled ‘Everyday CK’ and is geared towards sharing information and encouraging conversations about the Central Kitsap area.

Please take a moment to hop over and subscribe!   ‘Everyday CK‘

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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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