Here is the real estate market report for NWMLS Area 145 - Seabeck WA - as of May 5, 2009.
Current Active Listings: 90
Sold in Past 6 months: 39
Average Sales Price: $ 267,204
Average List Price: $ 287,080
Ratio of LP vs. SP: 93%
Days on Market: 142
Pending this week: 3
The market indicators here in Kitsap County WA seem to be showing a welcomed improvement in overall activity and sales. Part of this can be attributed to normal seasonal changes/dynamics, but there is clearly a notable increase of Buyer activity taking advantage of low rates and home price reductions.
Olympic View Marina projects hits temporary snag
The long anticipated Olympic View Marina project hit yet another temporary setback recently when the proposed lender pulled the plug on their financing. This action, by no means, bears any negative reflection on the viability of the project or the solvency of the LLC partners. Many banks and lending institutions have been suffering from the recent economic downturn and mortgage crisis, and are greatly curtailing or eliminating funding, especially for commercial construction projects.
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Rich Jacobson is a licensed real estate professional providing 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, SOUNDBITEBLOG, and Crabbing in the Hood.