Bremerton : During the year of 2008 there were 794 homes sold in Bremerton with an Average Sales Price of $243,507. I would rather use Median and for 2008 the Median Sales Price was $229,950. The Average Market Time was 88 days and the Median Market Time was 63 days.
Homes sold really close to the list price during 2008. Average list to average sale ratio for these 794 homes was 97.77% while the Median list to sale ratio was 99.98%. It seems that we are pricing property correctly. So how is that pricing compared to the year 2007?
Bremerton : During the year of 2007 there were 1003 homes sold in Bremerton with an Average Sales Price of $260,465. The Median Sales Price was $242,950. The Average Market Time was on average 74 days and the Median Market Time was 56 days. Let’s look at the 2007 list to sale ratio. the Average list to average sale ratio for the 1003 homes was 98.95% while the Median list to sale ration was 99.16%.
There were 209 more homes sold in 2007 than in 2008. The Average List Price for 2008 was $14,174 lower than for the year 2007. The Median List Price for 2008 was $15,000 lower than for the year 2007. So what was the actual sale price differences? The Average Sales Price for 2008 was $16,958 lower than for the year 2007. The Median Sales Price for 2008 was $13,000 lower than 2007.
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.
If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
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“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed
