North Kitsap Real Estate Market Trends

 

Statistics here are for Kingston, the largest of the remaining housing markets in North Kitsap. Activity in Kingston should be representative of the other nearby communities. Kingston homes were selling for a month end median price of about $199,500 at the end of April, 8% lower than a year ago and 20% lower than last month. Because of the relatively lower sales volume in Kingston, a couple high priced sales (or lack thereof) can make a big change in the statistics but may not mean much of change in the market. The more stable 3 month moving average ($213,667) of closed sale price is 20% lower than a year ago.  We have low inventory and few sales. The Kitsap County 3 month moving average median price is about 5% lower than it was a year ago. The 3 month moving average of Kingston closed sales was 43% lower than a year ago, while the number of pending sales fell 67% from a year ago. The 3 month moving average of closed sales is down 13% Countywide from a year ago. The number of active listings in Kingston (58) is down 17% from a year ago - very low. The inventory turnover (total homes on the market divided by number sold last month) is 14.5 months, slower than the 12.2 month turnover reported last month and quite a bit slower than the 6.4 month turnover of a year ago. Kingston is still a buyer's market.

  

Kingston Real Estate - April 2011
Median Price 3 mo Ave Price 3 mo Ave Closed Sales 3 mo Ave Pending Sales Inventory Turnover (months)
April 2011 $199,500 213,667 4 5 14.5
March 2011 $247,000 233,333 5 5 12.2
April 2010 $217,330 267,693 7 15 6.4

 

More about North Kitsap Real Estate

Brenda Prowse
Broker/Owner - Prowse and Company

Certified Distressed Property Expert (CDPE)

 

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Brenda Prowse

Poulsbo, WA

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Prowse and Company

Address: 18887 State Hwy 305, Ste 600, Poulsbo, WA, 98370

Office Phone: (360) 779-2888

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