BREMERTON WA REAL ESTATE – HOMES SOLD JUNE 2013 MARKET REPORT
Below are some market statistics for the Bremerton area for the month of June 2013. These homes all have Bremerton listed as their city in their physical address. Currently as of July 24th there are 511 homes available for sale in the Bremerton area of Kitsap County. During the month of June 140 new listings became active in the NWMLS data base, which is a 8% increase from last year and a 15% decrease from May. There were 112 homes that received offers and the seller and buyer came to terms and those homes are now pending inspection pending back up, pending short sale or PENDING and headed to closing. The pending transactions rose 51% over June of 2012 and was a 14%decrease over last month. During June 108 homes that had been listed as pending closed and the change of ownership was recorded at the Kitsap County Courthouse. This is a 42% increase over June of 2012 and a 12 % increase over last month.
Let’s look at those 108 Bremerton homes
Bremerton WA Real Estate - Homes Sold June 2013
| Total number of Homes Sold | 108 |
| Median Original List Price | $199,250 |
| Median List Price | $199,500 |
| Median Selling Price | $199,500 |
| CDOM=Cumulative Days on Market. | 52 |
| DOM=Days on Market: | 48 |
How many months of inventory is this? If you take the total number of active listings and divide by the number of homes pending as an average over the past month there would be 4 months for the Bremerton area. This is the calculation process used by the NWMLS when they release data to the public. This number of 4 months would indicate a seller’s market. Bremerton’s active inventory has increased over last months where there was only 3 months of inventroy! Compared to June of 2012 the active inventory is done about 38%. Inventory is LOW in Bremerton. Median sold prices have only improved by 8% over last year. The theory of supply and demand has not helped the median sold price in the Bremerton area. This increase is huge compared to last months. Lots of foreclosures still plaque the Bremerton real estate market.
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.
If you would like to purchase a home in the Bremerton area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed.”
Comments(0)