Gig Harbor, Key Peninsula, Kitsap Homes Sold May 2010
The Gig Harbor, Key Peninsula and Kitsap (Port Orchard, Bremerton, Silverdale, Poulsbo, Kingston and Bainbridge Island) Real Estate market for single family homes showed somewhat of a slowdown for May 2010. The figures do not take condominiums or multi-family properties into account, only single family homes. Kitsap County had a total of 234 closed home sales and 203 offer on homes made. Gig Harbor had a total of 44 closed home sales and 63 offers made on homes. The Key Peninsula had 15 closed home sales and 21 offer on homes made. The chart below depicts the breakdown of homes according to price range and area. The numbers in parenthesis are April's numbers. As you can see from the numbers below, the numbers of offers made in the under $300,000 price range droped dramatically across the board (and to a lesser extent the $300-$600K price range) for homes in Gig Harbor, Kitsap and the Key Peninsula. The Kitsap real estate market saw the greatest decrease overall. The only marked increase was for offers on homes in Gig Harbor in the $600-$900k price range. It is too early to tell yet if this is a trend. I think it's a good bet that part of the decrease was a result of the first time homebuyer tax credit ending April 30th. The numbers for June's market activity should shed more light on which way the real estate market for Gig Harbor, Key Peninsula and Kitsap is heading for 2010.
May 2010 Closed Sales Offers Made
Kitsap County
under $300,000 161(182) 131(252)
$300,001-$600,000 59(43) 54(94)
$600,001-$900,000 11(10) 13(19)
$900,001-$1,200,000 0(4) 3(2)
above $1,200,000 3(1) 2(1)
Totals 234(240) 203(368)
Gig Harbor
under $300,000 14(13) 16(29)
$300,001-$600,000 24(23) 32(43)
$600,001-$900,000 5(7) 12(8)
$900,001-$1,200,000 1(3) 1(3)
above $1,200,000 0(0) 2(1)
Totals 44(46) 63(84)
Key Peninsula
under $300,000 12(9) 17(25)
$300,001-$600,000 3(0) 3(2)
$600,001-$900,000 0(0) 1(1)
$900,001-$1,200,000 0(0) 0(0)
above $1,200,000 0(0) 0(0)
Totals 15(9) 21(28)
This post and previous posts regarding the Gig Harbor Real Estate Market & Kitsap Real Estate Market can also be viewed on our website dedicated to healthcare professionals www.healthcarehomebuyer.com and my personal real estate website www.gigharbor-realestate.com.
Comments(0)