Port Orchard WA Real Estate | February Homes Sold 2010

During the month of February there were 32. [10 homes less than January and a decline from December too.] homes that sold in Port Orchard.   These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.

Let’s look at those 32 Port Orchard homes -

Average List Price

• $ $241,177 [$245,351 January]
• $126 per sq ft

Average Sold Price

• $227,483 [$239,603 January]
• $119 per sq ft

The average sq ft of these 32 Port Orchard homes was 1907 sq ft. These homes spent an average of 102 days on the market (DOM) [50 less than January - price is the key].

The list to sale ratio for these homes was 94.32  percent. What that meas is that buyers offered 94.32 of what the seller requested.

Not a bad time to purchase a home in Port Orchard, Washington. Prices are down, interest rates are at an all time low and with the incentives from the government you might want to look at what it means to you.  In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT!  NOT loan! Read the information I have written about the program here

It is finally official. The hombuyer’s tax credit has been extended to April 30, 2010

So what can $6,500 really do? Incentive for “step-up” buyers

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.

So what is the absorption rate at this point in time?  Check here for the definition of absorption rates – Absorption Rates

Using the formula and only including active and contingent homes on the market the absorption rate for January would be 12.78  months, up from 8.9 in January.  There are 410 homes currently on the market – ouch!  We had been down to 6 months in the last quarter of 2009.  Of course remember we are looking at a trend, so as we go through 2010 we will get a better picture.  Spring is almost here and the tax credit is going to expire in April – I hope this spurs the market!

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.

“Statistics not compiled or published by NWMLS.”  Equal Opportunity Housing All information deemed reliable, but not guaranteed.”

Port Orchard Homes For Sale – Bank Owned Foreclosure

Port Orchard Homes For Sale – Bank Owned Foreclosure

If you have followed the local housing market you know that there have been several homes in our area of Port Orchard that are either listed for sale as a short-sale* or a foreclosure home now owned by the bank.

Currently there are 24 homes in the Port Orchard area that are bank owned.  They list from $114,000 to $790,000.  Several of these homes are listed lower than the Kitsap County assessment.

If you are looking for a deal on a Port Orchard home you might just want to see these homes.  Just email me and I will send you the list with any strings attached.  Take a look at the list and decide if you want to go further.

Remember the first-time home-buyer tax credit expires April 30, 2010 with closing no later than June 30, 2010, so time is running out.

Not a bad time to purchase a home in Port Orchard, Washington. Prices are down, interest rates are at an all time low and with the incentives from the government you might want to look at what it means to you.  In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT!  NOT loan! Read the information I have written about the program here

It is finally official. The hombuyer’s tax credit has been extended to April 30, 2010

So what can $6,500 really do? Incentive for “step-up” buyers

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.

So what is the absorption rate at this point in time?  Check here for the definition of absorption rates – Absorption Rates

Using the formula and only including active and contingent homes on the market the absorption rate for January would be 8.9 months  which means it is still a BUYER’S MARKET in Port Orchard!

Port Orchard WA Real Estate | January Homes Sold 2010

During the month of January there were 42. [only 7 homes less than December] homes that sold in Port Orchard.   These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.

Let’s look at those 42 Port Orchard homes -

Average List Price

• $245,351 [$275,956 December]
• $126 per sq ft

Average Sold Price

• $239,603 [$270,345 December]
• $123 per sq ft

The average sq ft of these 42 Port Orchard homes was 1991 sq ft. These homes spent an average of 152 days on the market (DOM).

The list to sale ratio for these homes was 97.65  percent. What that meas is that buyers offered 97.65% of what the seller requested.

Not a bad time to purchase a home in Port Orchard, Washington. Prices are down, interest rates are at an all time low and with the incentives from the government you might want to look at what it means to you.  In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT!  NOT loan! Read the information I have written about the program here

It is finally official. The hombuyer’s tax credit has been extended to April 30, 2010

So what can $6,500 really do? Incentive for “step-up” buyers

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.

So what is the absorption rate at this point in time?  Check here for the definition of absorption rates – Absorption Rates

Using the formula and only including active and contingent homes on the market the absorption rate for January would be 8.9 months – ouch! We had been down to 6 months in the last quarter of 2009.  Of course remember we are looking at a trend, so as we go through 2010 we will get a better picture.  Hopefully, low number of closings in January is not a trend.

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.

“Statistics not compiled or published by NWMLS.”  Equal Opportunity Housing All information deemed reliable, but not guaranteed.”

Port Orchard WA Real Estate | December Homes Sold | Homes Sold in Port Orchard WA 2009

During the month of December there were 49. [21 homes less than November] homes that sold in Port Orchard.   These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.

Let’s look at those 49 Port Orchard homes -

Average List Price

• $275,956 [$234,494 November]
• $143 per sq ft

Average Sold Price

• $270,345 [$230,928 November]
• $140per sq ft

The average sq ft of these 49 Port Orchard homes was 2052 sq ft. These homes spent an average of 155 days on the market (DOM).

The list to sale ratio for these homes was 97.96  percent. What that meas is that buyers offered 97.96% of what the seller requested.

Not a bad time to purchase a home in Port Orchard, Washington. The market is still under correction and there are several homes listed under $200,000.  In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

Read the information I have written about the program here

It is finally official. The homebuyers’ tax credit has been extended to April 30, 2010.

So what can $6,500 really do? Incentive for “step-up” buyers will begin on December 1 of this year.

Read the information I have written about the program here

have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Port Orchard WA Real Estate | November Homes Sold | Homes Sold in Port Orchard WA 2009

During the month of November there were 70 homes that sold in Port Orchard. This is 2 more homes sold than in October.  These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.

Let’s look at those 70 Port Orchard homes -

Average List Price

• $234,494
• $136 per sq ft

Average Sold Price

• $230,928
• $134 per sq ft

The average sq ft of these 70 Port Orchard homes was 1717 sq ft. These homes spent an average of 113 days on the market (DOM).

The list to sale ratio for these homes was 98.48 percent. What that meas is that buyers offered 98.48 % of what the seller requested.

Not a bad time to purchase a home in Port Orchard, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan!

Read the information I have written about the program here

It is finally official. The homebuyers’ tax credit has been extended to April 30, 2010.

So what can $6,500 really do? Incentive for “step-up” buyers will begin on December 1 of this year.

Read the information I have written about the program here

have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Port Orchard WA Real Estate | October Homes Sold | Homes Sold in Port Orchard WA 2009

During the month of October there were 68 homes that sold in Port Orchard. This is 8 more homes sold than in September.  These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.

Let’s look at those 68 Port Orchard homes -

Average List Price

• $250,706
• $136 per sq ft

Average Sold Price

• $245,556
• $133 per sq ft

The average sq ft of these 68 Port Orchard homes was 1912 sq ft. These homes spent an average of 138 days on the market (DOM).

The list to sale ratio for these homes was 97.95 percent. What that meas is that buyers offered 97.95 % of what the seller requested.

Not a bad time to purchase a home in Port Orchard, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Port Orchard WA Real Estate | September Homes Sold | Homes Sold in Port Orchard WA 2009

During the month of September there were 60 homes that sold in Port Orchard. These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.

Let’s look at those 60 Port Orchard homes -

Average List Price

• $243,127
• $155 per sq ft

Average Sold Price

• $236,000
• $149 per sq ft

The average sq ft of these 68 Port Orchard homes was 1804 sq ft. These homes spent an average of 97 days on the market (DOM).

The list to sale ratio for these homes was 97.07 percent. What that meas is that buyers offered 97.07 % of what the seller requested.

Not a bad time to purchase a home in Port Orchard, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Port Orchard WA Real Estate | August Homes Sold | Homes Sold in Port Orchard WA 2009

During the month of August there were 77 homes that sold in Port Orchard (up from 68 in July). These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.

Let’s look at those 77 Port Orchard homes -

Average List Price

• $251,824
• $140 per sq ft

Average Sold Price

• $250,568
• $139 per sq ft

The average sq ft of these 68 Port Orchard homes was 1798 sq ft. These homes spent an average of 150 days on the market (DOM).

The list to sale ratio for these homes was 97.32 percent. What that meas is that buyers offered 99.50 % of what the seller requested.

Not a bad time to purchase a home in Port Orchard, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Port Orchard WA Real Estate | July Homes Sold | Homes Sold in Port Orchard WA 2009

During the month of July there were 68 homes that sold in Port Orchard. These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.

Let’s look at those 68  Port Orchard homes -

Average List Price

• $252,099
• $139 per sq ft

Average Sold Price

• $245,344
• $135 per sq ft

The average sq ft of these 68 Port Orchard homes was 1897 sq ft. These homes spent an average of 165 days on the market (DOM).

The list to sale ratio for these homes was 97.32 percent. What that meas is that buyers offered 97.32 % of what the seller requested.

Not a bad time to purchase a home in Port Orchard, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Port Orchard WA Real Estate | June Homes Sold | Homes Sold in Port Orchard WA 2009

During the month of May there were 90  homes that sold in Port Orchard ( 52 more than in May).  These Port Orchard  homes actually had a transfer of home ownership.  Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages.  Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site.  There you can find definitions and explanations of the home buying process for Port Orchard Washington.

Let’s look at those 90  Port Orchard homes -

Average List Price

• $256,817
• $136 per sq ft

Average Sold Price

• $248,693
• $134 per sq ft

The average sq ft of these 90 Port Orchard homes was 1902  sq ft.  These homes spent an average of 168 days on the market (DOM).

The list to sale ratio for these homes was 96.83 percent.  What that meas is that buyers offered 96.83 % of what the seller requested.

Not a bad time to purchase a home in Port Orchard, Washington.  In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

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