The following is a brief overview and analysis of the combined single-family home and condo market within Kitsap County, Washington for May 2011, provided by Rich Jacobson of Windermere Real Estate, in Silverdale, WA (this includes data for Bainbridge Island WA.
- Properties currently active on the market: 170
- Properties closed in the last 180 days: 1105
- Average Sales Price: $ 266,852
- Average List Price: $ 278,059
- Ratio of List Price to Sales Price: 96%
- Average Days on Market: 159
- Sales Pending this Week: 71
Hansville WA statistics separately: (Area 161)
- Properties currently Active on the market: 39
- Properties closed in last 180 days: 17
- Average Sales Price: $342,304
- Average List Price: $357,943
- Ratio of List Price to Sales Price: 96%
- Average Days on Market: 285
- Sales Pending this week: 0
For additional area specific market statistics, go to www.KitsapLife.com
WHAT’S HAPPENING NOW?
The Kitsap County “Parade of Affordable Homes” will take place Saturday May 14th from 10 a.m. to 3 p.m. with over 25 homes across Kitsap County WA being offered for sale — all for $200,000 or less.
Presented by the Kitsap Housing Coalition — a nonprofit group of lenders, housing authorities, contractors and other area businesses— the tour is free and self-guided.
Tour-goers will be granted access to a wide variety of homes on Bainbridge Island, Indianola, Poulsbo, Silverdale, East/West Bremerton, and South Kitsap. Most of the homes (8) are in Port Orchard, East Bremerton (5) West Bremerton (4), and Silverdale (4).
During the tour, visitors will also have the opportunity to gain helpful expert advice on how to purchase a home, how to fix credit problems, how to come up with a down payment, how to avoid a foreclosure, etc.
To find additional information about this event, including a map, go to www.kitsaphousingcoalition.org.
According to the Northwest Multiple Listing Service (NWMLS), there are currently 469 homes active on the market for under $200K, so I’m not sure why these particular ones made the cut. Almost all of the homes on tour are existing residential properties. The home on Bowwood is one of the few new construction homes. Some the the tour homes are manufactured homes or townhomes. There are a few short sales and bank -owned properties. A number of them have been on the market for 200 days or more. One home has been marketed by 3 different agents since 2006!
Allow me to add a few viable candidates the the list:
5435 Bunker Street in Tracyton
717 Sylvan Way in East Bremerton
311 NE Pinewood Drive in East Bremerton
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Rich Jacobson is a licensed real estate professional with Windermere Real Estate, 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, SoundBiteBlog, and Crabbing in the Hood, or e-mail: kitsapagent@gmail.com
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