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Poulsbo Real Estate Market - July 2012

By
Real Estate Agent with Prowse and Company

These statistics are for Poulsbo, including the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, and parts north to Sawdust Hill Rd. Other parts of Poulsbo and its suburbs should have similar trends. The July median sales price for Poulsbo was $298,000, down about 4% from a year ago and about the same as last month. The more stable three month moving average closed sale price was $288,167, about 11% lower than a year ago. The Kitsap County 3 month moving average median price is up about 1% from a year ago. The 3 month moving average number of closed sales in Poulsbo rose 34% from a year ago. The 3 month moving average of closed sales is up 27% Countywide from a year ago. Poulsbo's 3 month moving average of pending sales was up 131% from a year ago. The Poulsbo listing inventory (90) is 24% lower than a year ago and the same as last month. The inventory turnover (total homes on the market divided by number sold last month) was a slightly faster 4.5 months from last month's 5.6 month turnover rate and is faster than the 9.9 months reported a year ago. Poulsbo' market appears to be getting some of the effects of the Bainbridge market. It remains to be seen whether these trends will persist.

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Posted by

Brenda Prowse
Broker/Owner - Prowse and Company

Certified Distressed Property Expert (CDPE)