Real Estate Market Conditions for Kitsap County WA for 01/02/2007

The following is a quick snapshot 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: 1313 
  • Properties closed in the last 180 days: 1821
  • Average Sales Price: $304,310
  • Average List Price: $309,080
  • Ratio of List Price to Sales Price: 98%
  • Average Days on Market: 67 days
  • Sales Pending this Week: 21

2007 Market Predictions: All indications are that 2007 will be another excellent year for buying and selling real estate here in Kitsap County. The overall economic health and stability of our area continues to provide a buffer from the more significant downward trends being experienced elsewhere in the country. For more helpful information and resources concerning real estate and living in Kitsap County, Washington, access my comprehensive website, www.KitsapLife.com

Rich Jacobson, Your Kitsap County Real Estate Agent

 
This post has been included in Washington Information Kitsap County, WA Information
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
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11 Comments on Kitsap County WA Market Conditions: 2007 Forecast Prediction

Looks like a great market, you have just over 4 months of inventory, we call that a 'seller's market'.

Here in Cape Coral, FL we have well over a year of inventory making this a great 'buyer's market'.

 

01/02/2007 12:30 PM by Cape Coral Real Estate Broker | Susan Milner | Florida-Future-Realty.com (Florida Future Realty, Inc.)

Susan - it always amazes me how different each market is. For us, we have quite a bit more inventory than we usually do at this time of year, so it's more of a balanced market right now. Thanks for your comments!

01/02/2007 12:34 PM by Rich Jacobson ~ ActiveRain Community Builder (ActiveRain Corporation)

Well done Rich! Concise and informative. Keep up the quality posts.

01/02/2007 12:47 PM by Mark Flanders (Olympic Northwest Mortgage)

Hi Rich,  Love the picture makes me want to be on a big boat right now!   Good job with the stats.  Do you mind if I copy your format?

01/02/2007 01:33 PM by Leslie Bloss, Seattle Real Estate Professional (REALTY EXECUTIVES/BRIO )

Leslie - go right ahead! There's nothing proprietary about my report. Pretty plain jane, except for the pictures!

01/02/2007 02:32 PM by Rich Jacobson ~ ActiveRain Community Builder (ActiveRain Corporation)

Rich I am envious of your sellers market, those are some strong figures! And when can we take the boat out :-)

01/02/2007 04:09 PM by Carole Cohen Realtor®, ePRO (Howard Hanna Cleveland City Office)

Carole - it's more of a balanced market for us, not favoring either side at this point. But it IS a rather stable one comparatively. The boat is fueled up and ready to go whenever you are!

01/02/2007 04:47 PM by Rich Jacobson ~ ActiveRain Community Builder (ActiveRain Corporation)

Sounds like you are in a great market.  The prices are a little lower than we are used to in Hawaii, but the properties are still moving.

01/03/2007 12:41 AM by Randy L. Prothero - Hawaii REALTOR® (Century 21 Liberty Homes)

Randy - it IS a great market, compared to many others. Very little seasonality, constant influx with the Navy, beautiful scenery....if we could just stop the rain!

01/03/2007 01:01 AM by Rich Jacobson ~ ActiveRain Community Builder (ActiveRain Corporation)

My agent shows me pages from the mls book (October 06) which show 6 yr highs in inventories..., only 6 offers on nearly 180 properties on Bainbridge Island, and under 100 offers made on nearly 1700 residential properties in Kitsap Co.

What's real?  NO agents that I talk to speak of "balanced" markets any more.

 

01/28/2007 11:37 AM by Bim Prince

Bim, thanks for your comments. There is a significant difference between the Bainbridge market and the rest of Kitsap County. Markets can shift dramtically in a very short period of time. Here on the Kitsap Peninsula, things cooled rather quickly towards the end of summer and on into the Winter months, but have now started to pick up. I would consider our market here to be a "balanced" market. Rates are low, inventory selection is good, Sellers are motivated, lots of Buyers, etc.. Please let me know if you want any additional data.

01/28/2007 01:18 PM by Rich Jacobson ~ ActiveRain Community Builder (ActiveRain Corporation)

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Real Estate Agent: Rich Jacobson ~ ActiveRain Community Builder (ActiveRain Corporation)
Rich Jacobson ~ ActiveRain Community Builder
Silverdale, WA
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