Real Estate Market Report/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: 1695 
  • Properties closed in the last 180 days: 1508
  • Average Sales Price: $300,851
  • Average List Price: $306,878
  • Ratio of List Price to Sales Price: 98%
  • Average Days on Market: 90 days
  • Sales Pending this Week: 73

The "Way We Were"comparative snapshot:

  • Active Listings:                         2006 - 983;   2007 - 1695
  • Days on Market:                       2006 - 61;     2007 - 90
  • Absorption Rate:                      2006 - 17;     2007 - 23
  • LP/SP Ratio:                            2006 - 99;     2007 - 98%
  • Closed Sales last 6 months:    2006 - 1744; 2007 - 1508

Current Market Conditions: It's an interesting market right now. As is typical for this time of year, activity has picked up. Many Sellers are planning their relocations for right after the end of the school year. Depending on the specific area and price range, our market can be both a 'Sellers' and 'Buyers' market. 

 

Quadrant Homes, a popular builder here in the Seattle area since 1969, has two large developments here on the Kitsap Peninsula: Stendahl Ridge in Poulsbo, and The Ridge at McCormick Woods in Port Orchard.  Carsten Rode, Community Sales Manager for The Ridge, and fellow Windermere agent, boasts of over 100 homes currently under contract in their developments, with prices ranging from the mid $250's to the mid $260's.

For more helpful information and resources concerning real estate and living in Kitsap County, Washington, access my comprehensive website, www.KitsapLife.com and my other blogsite, www.SOUNDBITEBLOG.com

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This post has been included in Washington Real Estate News Kitsap County, WA Real Estate News
Post is included in group: Silverdale WA Real Estate
Post is included in group: Bremerton WA Real Estate
Post is included in group: Poulsbo WA Real Estate
Post is included in group: Port Orchard WA Real Estate

5 Comments on Kitsap County WA Market Report/Conditions for May 2007

MAY
16
2007
329,956 Points 12 Featured Posts Outside Blog
You did it again. If you keep putting food into your posts you need a picture with a fork in your hand!
10:03pm • #1
247,865 Points 25 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Your statistics look mighty good, especially if you compare your figures with some of the declining markets around the country.   

Fran
10:39pm • #2
MAY
17
2007
559,078 Points 91 Featured Posts Outside Blog Attended Rain Camp

Rich,

Great top photo...and the crab makes me hungry!
7:39am • #3
696,392 Points 39 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Hey Rich,

Hope you are well and everything is o.k.. Love this post and I think it should be a Feature because it's a beauty alright!  How did you get that top photo to come out longways like that?  It's beautiful and almost makes me wanna get on a plane!
1:18pm • #4
520,778 Points 229 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

The top photo was taken from the upper balcony of one of my listings on Hood Canal. I took eight frames and used a photo stitch program to merge them into a panoramic shot.

The crab pic was taken just prior to eating!  :)
9:54pm • #5


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Rich Jacobson Your Kitsap County WA Real Estate Broker

Poulsbo, WA

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Keller Williams West Sound Realty

Address: 3594 NW Byron Street, Ste. 101B, Silverdale, WA, 98383

Office Phone: (360) 499-6367

Cell Phone: (360) 440-4758

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Providing Knowledgeable Empowerment and Relentless Representation of Real Estate Clients throughtout the Western Puget Sound, including all of Kitsap County WA, and portions of Mason, Pierce, and Jefferson Counties.

"Helping You to Successfully Achieve Your Next Adventure in Life!"

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