Kitsap County WA Real Estate Market Report for June 2009

By
Real Estate Agent with Fathom Realty West Sound WA State 52404

Kitsap County WA Real EstateReal Estate Market Report for Kitsap County WA  06/01/2009

The following is a brief analysis of the combined single-family home and condo market within Kitsap County, Washington for June 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:  2014 
  • Properties closed in the last 180 days:  971 
  • Average Sales Price:  $291,864
  • Average List Price:  $305,043
  • Ratio of List Price to Sales Price: 96%
  • Average Days on Market: 104
  • Sales Pending this Week: 97

Bainbridge Island WA statistics separately: (Area 170)

  • Properties currently Active on the market:  350 
  • Properties closed in last 180 days:  98
  • Average Sales Price:  $646,191
  • Average List Price:  $687,266
  • Ratio of List Price to Sales Price: 94%
  • Average Days on Market: 134
  • Sales Pending this week: 7

kitsap-county-wa-real-estateHome prices in Kitsap County WA continued to drop slightly in May, while pending sales showed further improvements.

Lending rates have jumped rather significantly just over the past several weeks (from 4.5% to 5.25%), spurring many potential Buyers to get off the fence and make the home buying leap.

The market continues to offer excellent opportunities for qualified 1st Time Home Buyers with the low rates, the $8000 1st Time Buyers Tax Credit from Uncle Sam, and the large amount of homes available on the market.

If you're a motivated Seller, now may be the time to seriously consider making a meaningful pricing adjustment, so you can move onto the next adventure in life!

Top selling neighborhoods in Kitsap County WA were Area 141 (South Kitsap West of Hwy. 16);  Area 148 (West Bremerton); and Area 150 (East Central Kitsap).

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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Seabeck-WA-Real-Estate

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 and Crabbing in the Hood, or e-mail:  kitsapagent@gmail.com

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Rich Jacobson is a District Director for Fathom Realty and a licensed REALTOR®; an avid Crab Hunter, Clam Digger, and Oyster Shucker, He is the Social Media Evangelist for Life on the Kitsap Peninsula & The Western Puget Sound in scenic WA State.

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june 2009
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Rainmaker
363,301
Susie Blackmon
Ocala, FL
Ocala, Horses, Western Wear, Horse Farms, Marketing

Nice report Rich (I say that humbly!). I have to work hard not to sound negative with my reports, but 'it is what it is.'

Jun 02, 2009 11:10 AM #1
Ambassador
581,257
Rich Jacobson
Fathom Realty West Sound - Poulsbo, WA
Your Kitsap County WA Real Estate Broker

Hiya Susie!...We owe our clients (and prospective clients) the truth, the whole truth, and nothing but the truth. It is what it is. I want to throw up every time I hear someone say "Now is a GREAT time to Buy/Sell!"

Jun 02, 2009 12:39 PM #2
Rainmaker
1,467,941
Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator

Wow, how do people make choices with so few listings to choose from? We have over 11,000 listings in Austin and Dallas has over 45,000!

Jun 02, 2009 12:45 PM #3
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Rich - looks like some shifts are occurring. A nice display of information that is easy to read and understand, and not feel overwhelmed.

Jeff

Jun 02, 2009 04:52 PM #4
Rainer
40,451
Julia Fishel
Coldwell Banker Residential Real Estate - Palm Harbor, FL
ASKjulia. REAL estate. REAL answers.

Rich - Your market report layout is nice, but I really wanted to drop you a quick note to say that your Crabbing in The Hood blog is brilliant AND fun!  Wish I lived there and I'd come join you!  ~ Julia

Jun 02, 2009 10:54 PM #5
Rainmaker
46,093
Sarah Nopp
South Sound, WA

What is the entry level arena doing? I just ran numbers on Thurston County first time buyer range and it explains why my buyers are getting beat out with offers LOL Gotta love the roller coaster.

Jun 05, 2009 06:18 PM #6
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