During the month of August 5 homes that sold in Silverdale, which is about a 50% decline over the last couple of months. These Silverdale homes actually had a transfer of home ownership. Contracts complete and Lender funds available.
Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.
Let’s look at those 5 Silverdale homes -
Average List Price
- $264,280
- $148 per sq ft
Average Sold Price
- $246,900
- $138 per sq ft
The average sq ft of these 5 Silverdale homes was 1787 sq ft. These homes spent an average of 96 days on the market (DOM) The list to sale ratio for these homes was 93.42 percent. What that meas is that buyers offered 93.42 of what the seller requested.
Not a bad time to purchase a home in Silverdale, Washington. Prices are down, interest rates are at an all time low you might want to look at what it means to you.
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis. If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed."
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