Kitsap County WA Market Conditions for April 2007

By
Real Estate Broker 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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Location:
Washington Kitsap County
Groups:
Silverdale WA Real Estate
Bremerton WA Real Estate
Poulsbo WA Real Estate
Port Orchard WA Real Estate
Tags:
market report
kitsap county
silverdale
bremerton
poulsbo
seabeck
port orchard
kingston
hansville
soundbiteblog
kitsaplife

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Rainmaker
335,557
Dena Stevens
Putting The Real Into Realtor Since 2004
Century 21 Canon Land & Investment
There you go again, talking about food and restaurants will get you many comments!
March 31, 2007 08:21 PM
Rainmaker
134,999
Kaye Thomas
e-PRO, Manhattan Beach CA
Real Estate West

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

April 01, 2007 12:42 AM
Anonymous #3
Anonymous
Anonymous
Wow, your DOM and absorption rates are way up. And you're still singin...
April 05, 2007 10:35 AM
Ambassador
527,146
Rich Jacobson
Your Kitsap County WA Real Estate Broker
Keller Williams West Sound Realty

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!

April 05, 2007 01:03 PM
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Providing Knowledgeable Empowerment and Relentless Representation of Real Estate Clients throughtout the Western Puget Sound, including all of Kitsap County WA, and portions of Mason, Pierce, and Jefferson Counties.

"Helping You to Successfully Achieve Your Next Adventure in Life!"

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