North Kitsap Real Estate Market - August 2010

By
Real Estate Agent with Prowse and Company

Statistics here are for Kingston, the largest housing market in North Kitsap. Activity in Kingston should be representative of the other areas in North Kitsap. Kingston homes were selling for a month end median price of about $310,000 at the end of August, 28% higher than a year ago (after being 54% lower last month - median prices hop around in North Kitsap because of the relatively fewer number of sales. A couple high priced sales (or lack thereof) can skew the market. The more stable 3 month moving average ($252,575) of closed sale prices is down 22% compared to a year ago. The Kitsap County 3 month moving average median price is 4% higher than it was a year ago. The 3 month moving average of Kingston closed sales rose 15% from a year ago, while the number of pending sales is unchanged from a year ago. The 3 month moving average of closed sales is down 15% Countywide from a year ago. The number of active listings in Kingston (63) is down 6% from a year ago and down 14% from last month. The inventory turnover (total homes on the market divided by number sold last month) is 7.9 months (better than the 12.1  month turnover reported last month and the 13.4 month turnover of a year ago). Kingston is still a buyer's market.

Kingston Real Estate - August 2010
Median Price 3 mo Ave Price 3 mo Ave Closed Sales 3 mo Ave Pending Sales Inventory Turnover (months)
August 2010 $310,000 252,575 8 10 7.9
July 2010 $208,725 253,480 8 9 12.1
August 2009 $242,000 323,667 7 10 13.4

More About North Kitsap Real Estate

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Brenda Prowse
Broker/Owner - Prowse and Company

Certified Distressed Property Expert (CDPE)

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