I do a ton of research daily watching the trends in the Bremerton Real Estate market.  Sometimes it is hard to decided what is good news and what is bad news - and well you know like the saying goes - No news is good news.  Seriously, all of the numbers really only point to one thing.  If you price your home properly for the market it will sell.  I purchased a home in 2006. The property was probably priced below what the market would allow so there were several offers in the first 48 hours it was on the market.  I had lost out on 2 other homes in "bidding" wars.  Yes, even with all of my knowledge, I lost out. Sometimes you just have to know when to stop and luckily I did.  This 3rd home was really the home we wanted and as the saying goes " if it is meant to be it will happen" it did.  I am a true believer in this saying!  Yes, I did have to pay $2500.00 over the asking price but knowing the house was under-priced to begin with I wasn't concerned.  So after the fast pace of 2006 I was really interested to see how 2007 stacked up. 

Days on market didn't climb much.  Percent between list price and sell price was pretty even.  Average list price and Average sales price weren't out of wack. So why were there only 995 homes sold in 2007 vs 1338 sold in 2006? Why were there only 532 homes taken off the market for some reason or another in 2006 compared to the huge amount of 867 in 2007?  Yes, 2007 was a little slower.  I really believe that the market here in Bremerton is on a very positive track.  Prices will be adjusted to match the local wage and economy. Prices sometimes just get out of hand and there needs to be a correction. I think this is one of those times. We are lucky in this area because the correction is just a couple thousand vs several thousand in other market areas.  I have the feeling that you will see a strong and stable market in 2008.

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 Bremerton WA 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.

Jo Soss
Real Estate Sales Professional since 1994
Skyline Properties, Inc.
cell: (360) 990-1433 fax: (206) 350-3128
E-mail: jo614@comcast.net
Web site: PugetSoundRealEstateToday
Visit my Blog: BloggingBremerton

"Statistics not compiled or published by NWMLS."
Equal Opportunity Housing
All information deemed reliable, but not guaranteed