Real Estate Market Report/Conditions for Kitsap County WA for 06/01/2007

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: 1939   
  • Properties closed in the last 180 days: 1501
  • Average Sales Price: $303,188
  • Average List Price: $308,108
  • Ratio of List Price to Sales Price: 98%
  • Average Days on Market: 90 days
  • Sales Pending this Week: 61

The "Way We Were"comparative snapshot:

  • Active Listings:                         2006 - 1159;   2007 - 1939
  • Days on Market:                       2006 - 63;       2007 - 90
  • Absorption Rate:                       2006 - 17;       2007 - 31.7
  • LP/SP Ratio:                             2006 - 99;       2007 - 98%
  • Closed Sales last 6 months:     2006 - 1758;   2007 - 1501

Current Market Conditions: Boy, talk about a really screwy market! Inventory continues to increase, but the pool of prospective Buyers has remained the same. As a result, we've seen a consistent number of price reductions across the board. New construction has slowed considerably. Activity for properties along Hood Canal has heated up, which is typical for this time of the year. Median prices for homes has gone up slightly, but the Listing Price-to-Sales Price ratio has dipped to 98%. Overall, it's still a very good market for both buying and selling here on the Kitsap Peninsula.

One of the best values on the market right now is my listing on Franklin Street in East Bremerton. Give me a call to schedule a private showing @ 360.440.4758

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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6 Comments on Kitsap County WA Real Estate Market Report for June 2007

JUN
06
2007
1,361,695 Points 244 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Rich, it seems from other market condition posts, that there are a few areas experiencing the same thing.

Now for the important stuff, I handle a few of those crabs right about now.  That is gooooooood eating. 
12:29pm • #1
4 Featured Posts Hit Router

Rich,

How dare you start posting pictures of succulent yummy crab already..................... 
12:36pm • #2
520,778 Points 229 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master
Bob - He's calling your name!.....
1:53pm • #3
520,778 Points 229 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master
George - yeah, you and me both! Won't be too long now. Only a few weeks til the pots will drop!
1:54pm • #4
221,087 Points 56 Featured Posts Outside Blog
Your daughter is so cute and brave I may add, holding that big ole' crab.
9:08pm • #5
JUN
20
2007
4 Featured Posts Hit Router

Look at you ratcheting up the blatant flaunting of crab..........I LOVE IT!!!

 
7:18pm • #6


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Rich Jacobson Your Kitsap County WA Real Estate Broker

Poulsbo, WA

More about me…

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

Email Me

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!"

Rich Jacobson
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