Kitsap County WA Market Conditions for April 2007

By
Real Estate Agent with Keller Williams West Sound Realty

 Kitsap County WA Market Conditions: April 2007

Real Estate Market Conditions for Kitsap County WA for 04/01/2007

The following is a quick analysis of the combined single-family home and condo market within Kitsap County, Washington, provided by Rich Jacobson of Windermere Real Estate, in Silverdale, WA.

  • Properties currently active on the market: 1430  
  • Properties closed in the last 180 days: 1495
  • Average Sales Price: $300,550
  • Average List Price: $305,670
  • Ratio of List Price to Sales Price: 98%
  • Average Days on Market: 84 days
  • Sales Pending this Week: 62

 

The "Way We Were"comparative snapshot:

  • Active Listings:                         2006 - 884;   2007 - 1430
  • Days on Market:                       2006 - 57;     2007 - 84
  • Absorption Rate:                       2006 - 13;     2007 - 23
  • LP/SP Ratio:                            2006 - 99;     2007 - 98%
  • Closed Sales last 6 months:    2006 - 1805;  2007 - 1495

Current Market Conditions: As the weather continues to improve, look for increased Buyer activity, especially for waterfront and view properties. Final plans are still under review for the new Olympic View Marina (formerly Seabeck Marina), and work will hopefully commence sometime mid-summer 2007. This should help to encourage continued positive growth and improved property values in the Seabeck area. Meaningful progress is being made in the renovation and resurgence of Downtown Bremerton, especially along the waterfront. As anticipated, the opening of Anthony's Seafood Restaurant has become one of the primary flagships for the longterm success of this project. For more helpful information and resources concerning real estate and living in Kitsap County, Washington, access my comprehensive website, www.KitsapLife.com and my other blogsite, www.SOUNDBITEBLOG.com

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Rainmaker
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Dena Stevens
Century 21 Canon Land & Investment - Canon City, CO
Putting The Real Into Realtor Since 2004
There you go again, talking about food and restaurants will get you many comments!
Mar 31, 2007 08:21 PM #1
Rainmaker
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Kaye Thomas
Real Estate West - Manhattan Beach, CA
e-PRO, Manhattan Beach CA

Rich- Looks as if you are seeing a slower market with more inventory this year.. we are seing the exact opposite.. very low inventory and back to multiple offers..  who knows where this market is headed...

K

Apr 01, 2007 12:42 AM #2
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Wow, your DOM and absorption rates are way up. And you're still singin...
Apr 05, 2007 10:35 AM #3
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Rich Jacobson
Keller Williams West Sound Realty - Poulsbo, WA
Your Kitsap County WA Real Estate Broker

Keith - yeah, they've been climbing. Just makes us a bit more aggressive and creative in our marketing. Helps to set the better agents apart!

Apr 05, 2007 01:03 PM #4
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Rich Jacobson

Your Kitsap County WA Real Estate Broker
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