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Poulsbo Real Estate Market - March 2009

By
Real Estate Agent with Prowse and Company

Statistics we refer to are for that part of Poulsbo encompassing the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, including parts north to Sawdust Hill Rd. The market for other parts of Poulsbo and its suburbs should have approximately similar trends. Homes in Poulsbo were selling for a three month moving average median sale price of about $279,000 at the end of March, down about 19% from a year ago. Poulsbo's March median sale price was $323,000, about 8% lower than in March 2008. Kitsap County’s 3 month moving average median price has fallen 15% over the past year. The 3 month moving average number of Poulsbo closed sales is down about 45% from a year ago. March pending sales in Poulsbo were up 18%. The number of March closed sales for Kitsap County dropped 21% compared to last year. The Poulsbo listing inventory (141) is 12% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.8 months, improved from 30 months last month.

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Posted by

Brenda Prowse
Broker/Owner - Prowse and Company

Certified Distressed Property Expert (CDPE)

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