The following is a brief analysis of the combined single-family home and condo market within Kitsap County, Washington for September 2009, provided by Rich Jacobson of Windermere Real Estate, in Silverdale, WA (this includes data for Bainbridge Island WA)

• Properties currently active on the market:  2056
• Properties closed in the last 180 days:  1414
• Average Sales Price:  $298,850
• Average List Price:  $311,121
• Ratio of List Price to Sales Price: 96%
• Average Days on Market: 96
• Sales Pending this Week: 68

Poulsbo WA statistics separately: (Area 166)

• Properties currently Active on the market:  116
• Properties closed in last 180 days:  112
• Average Sales Price:  $321,722
• Average List Price:  $329,347
• Ratio of List Price to Sales Price: 98%
• Average Days on Market: 89
• Sales Pending this week: 7

WHAT’S HAPPENING NOW?

The Fall season on the Kitsap Peninsula WA is definitely upon us! Temperatures are cooling down, the mornings are darker, and local high school football is in full swing!

In most markets across the country, real estate is seasonal, and typically begins to slow down once school starts back up. But here in Kitsap County WA we still are experiencing a steady flow of activity, especially with Buyers trying to take advantage of the $8000 Federal Tax Credit for 1st Time Home Buyers. In order to qualify for this credit, the purchase contract must be closed no later than December 1st, 2009.

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For more additional information and resources concerning real estate in Kitsap County WA and the Western Puget Sound, access my website, Kitsap Life .

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Rich Jacobson is a licensed real estate professional 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, ActiveRain, and Crabbing in the Hood, or e-mail:  kitsapagent@gmail.com

Here is the real estate market report for NWMLS Area 166 - Poulsbo WA - as of May 5, 2009.

Current Active Listings:     149

Sold in Past 6 months:     56

Average Sales Price:         $343,698

Average List Price:            $357,907

Ratio of LP vs. SP:           96%

Days on Market:              98

Pending this week:           11

The market indicators here in Kitsap County WA seem to be showing a welcomed improvement in overall activity and sales. Part of this can be attributed to normal seasonal changes/dynamics, but there is clearly a notable increase of Buyer activity taking advantage of low rates and home price reductions.

SR 104 - Hood Canal Bridge 2009 Closure

The Hood Canal Bridge is currently closed for six weeks (beginning May 1st) to allow work crews to replace the east half of the bridge and the east/west trusses. For full details, access the WSDOT website.

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Rich Jacobson is a licensed real estate professional providing 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.