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Kitsap Real Estate Market Report - June 2012
Posted on 2012 06 24 by hdnelson
The number of closed sales in Kitsap County in May rose about 38% from April and was about 33% higher than a year ago. Pending sales fell about 2% compared to last month and were about 36% higher than a year ago, a substantial increase. In April, there were 186 closed sales and 399 pending sales. In May there were 256 closed sales and 393 pending sales. 31% of the closed sales were distressed properties (29% last month). 35% of the pending sales were distressed properties (25% last month). Among closed distressed sales, bank owned sales were more than 2 times the number of short sales closed. On the other hand, among pending sales, there were about 63% more short sales than bank owned sales. Shown below is a graph of month-by-month pending sales vs closed sales. Pending sales tend to lead closed sales in direction if not magnitude by about 2 months. Based on past trends, the it looks like the number of closed sales will rise next month. See more at http://tinyurl.com/6mk2w2a
Silverdale Real Estate - June 2012
Posted on 2012 06 24 by hdnelson
Homes in Silverdale were selling for a May median price of about $217,500, 18% lower than a year ago and 2% lower than last month. Silverdale’s more stable 3 month moving average median closed sale price was $231,275, 4% higher than last month and about 18% lower than a year ago. The Kitsap County 3 month moving average median price is up about 1% from a year ago. The 3 month moving average for Silverdale’s number of closed sales is 79% higher than a year ago. The 3 month moving average of closed sales is up 10% Countywide from a year ago. The 3 month moving average of Silverdale pending sales in May was 47% higher than a year ago. The number of active listings in Silverdale (81) is 23% lower than a year ago. See tables and graphs at http://bprowse.com/silverdale_market
Poulsbo Real Estate - June 2012
Posted on 2012 06 24 by hdnelson
These statistics are for Poulsbo, including the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, and parts north to Sawdust Hill Rd. Other parts of Poulsbo and its suburbs should have similar trends. The May median sales price for Poulsbo was $268,000, down about 23% from a year ago and down about 8% from last month. The more stable three month moving average closed sale price was $274,158, about 12% lower than a year ago. The Kitsap County 3 month moving average median price is up about 1% from a year ago. The 3 month moving average number of closed sales in Poulsbo rose 44% from a year ago. The 3 month moving average of closed sales is up 10% Countywide from a year ago. Poulsbo’s 3 month moving average of pending sales was up 61% from a year ago. The Poulsbo listing inventory (107) is 8% lower than a year ago and 12% lower than last month. See tables and graphs at http://bprowse.com/poulsbo_market
North Kitsap Real Estate - June 2012
Posted on 2012 06 24 by hdnelson
Statistics here are for Kingston, the largest of the remaining housing markets in North Kitsap. Activity in Kingston should be representative of the other nearby communities. Kingston homes were selling for a month end median price of about $245,000 at the end of May, 36% lower than a year ago and 34% lower than last month. Month-to-month fluctuations in the low volume Kingston market make these raw numbers difficult to interpret. The more stable 3 month moving average ($300,333) of closed sale price is 9% higher than a year ago. The Kitsap County 3 month moving average median price is up about 1% from a year ago. The 3 month moving average of Kingston closed sales was 85% higher than a year ago, while the number of pending sales was 50% higher than a year ago. The 3 month moving average of closed sales is up 10% Countywide from a year ago. The number of active listings in Kingston (56) is 2% higher than a year ago. See tables and graphs at http://bprowse.com/north_kitsap_market
Bremerton Real Estate - June 2012
Posted on 2012 06 24 by hdnelson
Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $105,000 at the end of May, 29% lower than a year ago and 36% lower than last month. The more stable 3 month moving average median price ($129,333) was about 1% higher than a year ago and 2% higher than last month. This change represents more buyers in the middle and upper price ranges rather than a rise in overall prices. The Kitsap County 3 month moving average median price is up about 1% from a year ago. Bremerton’s 3 month moving average for number of closed sales is 7% lower than a year ago and 6% higher than last month. The 3 month moving average number of Bremerton pending sales is up 13% from last year. The number of Bremerton active listings (129) is 1% higher than a year ago. See tables and graphs at http://bprowse.com/bremerton_market
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