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Kitsap County WA Market Conditions for April 2007
Kitsap County WA Market Conditions: April 2007
Real Estate Market Conditions for Kitsap County WA for 04/01/2007
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: 1430  Properties closed in the last 180 days: 1495 Average Sales Price: $300,550 Average List Price: $305,670 Ratio of List Price to Sales Price: 98% Average Days on Market: 84 days Sales Pending this Week: 62 
The "Way We Were"comparative snapshot:
Active Listings:                         2006 - 884;   2007 - 1430Days on Market:                       2006 - 57;     2007 - 84Absorption Rate:                       2006 - 13;     2007 - 23LP/SP Ratio:                            2006 - 99;     2007 - 98%Closed Sales last 6 months:    2006 - 1805;  2007 - 1495Current Market Conditions: As the weather continues to improve, look for increased Buyer activity, especially for waterfront and view properties. Final plans are still under review for the new Olympic View Marina (formerly Seabeck Marina), and work will hopefully commence sometime mid-summer 2007. This should help to encourage continued positive growth and improved property values in the Seabeck area. Meaningful progress is being made in the renovation and resurgence of Downtown Bremerton, especially along the waterfront. As anticipated, the opening of Anthony's Seafood Restaurant has become one of the primary flagships for the longterm ... more

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