WestSound Live! » 2. Port Orchard

Port Orchard WA Real Estate | June Homes Sold

Jo Soss — Thu, 22 Jul 2010 12:55:53 +0000

During the month of June there were 78 homes that sold in Port Orchard. These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available.

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 78 Port Orchard homes -

Average List Price

$240,390 [May -$246,917 - April -$246,162 -March -$245,815 February -$241,177 January - $245,351]
$127 per sq ft

Average Sold Price

$234,948 [May -$244,070 - April - $243,425 March -$241,747 February -$227,483 January -$239,603]
$124 per sq ft

The average sq ft of these 78 Port Orchard homes was 1893 sq ft. These homes spent an average of 116 days on the market (DOM) The list to sale ratio for these homes was 97.73 percent. What that meas is that buyers offered 97.73 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 you might want to look at what it means to you.

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

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 | May Homes Sold

Jo Soss — Tue, 15 Jun 2010 16:27:06 +0000

During the month of May there were 63 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 63 Port Orchard homes –
Average List Price

$246,917 [April $246,162 -March -$245,815 February -$241,177 January - $245,351]
$136 per sq ft

Average Sold Price

$244,070 [April - $243,425 March -$241,747 February -$227,483 January -$239,603]
$134 per sq ft

The average sq ft of these 63 Port Orchard homes was 1810 sq ft. These homes spent an average of 92 days on the market (DOM) The list to sale ratio for these homes was 98.84 percent. What that meas is that buyers offered 98.84 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 you might want to look at what it means to you.

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 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 | April Homes Sold

Jo Soss — Sun, 23 May 2010 04:25:20 +0000

During the month of April there were 61. [25 less homes sold than in March] 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 61 Port Orchard homes – Average List Price

$246,162 [March -$245,815 February -$241,177 January - $245,351]
$141 per sq ft

Average Sold Price

$243,425 [March -$241,747 February -$227,483 January -$239,603]
$139 per sq ft

The average sq ft of these 61 Port Orchard homes was 1811 sq ft. These homes spent an average of 94 days on the market (DOM) The list to sale ratio for these homes was 98.88 percent. What that meas is that buyers offered 98.88 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 you might want to look at what it means to you.

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

Port Orchard Real Estate | Monday Market Watch 5/17

Jo Soss — Mon, 17 May 2010 13:47:27 +0000

Week five- A weeks worth of market data for the Port Orchard real estate community. Here is the real estate market data between Monday, May 11th through Sunday, May 16th.

Each week I will give an update that will include the previous week, Monday through Sunday. Might be fun. My new IDX site (home search site) went live this last week, so I am able to embed in each post some new data. I thought this week I would put the listings that came on the market in the last 7 days.

Hope you have a great week! If you need any real estate help just let me know – call the office 360-830-6195, or my cell 360-990-1433 or send a text to 360-990-1433 or email me. I would love to help you with your real estate needs.

Port Orchard Real Estate Market
Residential homes on the market – 533 [up 3]
Pending this last week – 15 [same as last week]
Sold/Closed this last week 12 [up 4]

Port Orchard WA Real Estate | March Homes Sold

Jo Soss — Fri, 16 Apr 2010 19:23:08 +0000

During the month of March there were 86. [almost 50 more homes sold than in February!] 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 86 Port Orchard homes – Average List Price

$245,815 [$241,177 February $245,351 January]
$139 per sq ft

Average Sold Price

$241,747 [$227,483 February $239,603 January]
$137 per sq ft

The average sq ft of these 86 Port Orchard homes was 1802 sq ft. These homes spent an average of 125 days on the market (DOM) The list to sale ratio for these homes was 98.43 percent. What that meas is that buyers offered 98.43 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 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 First Time Home Buyer – ONLY 29 DAYs

Jo Soss — Fri, 02 Apr 2010 10:07:27 +0000

You only have 29 days to be in a binding contract with a Port Orchard home seller to qualify for the $8,000 tax credit. Now, remember you can receive this credit now even if you have filed your 2009 income tax return. You just need to file an amended return and “wala” CASH!

Do you know if you are a first time home buyer? Sounds like a stupid question but there are people out there that have owned homes in the past who will now qualify as a first time home buyer.

What is the definition of a first-time home buyer?
The law defines “first-time home buyer” as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests the home-ownership history of both the home buyer and his/her spouse.

I currently have a first time home buyer that fits this definition. They were very excited to learn the news. We are out looking for the home and now know we only have 30 days. I have two other buyers that have written homes this month that qualify as long as we close prior to June 30th. They will – they have loan approval and appraisals are complete just finishing the final touches prior to signing loan documents.

I have another client that is in the counter-offer stage and will know either this evening or tomorrow if the home he chose will be the home he receives the first time home buyer tax credit on or if we need to find another.

I have clients coming from California the week of April 17th but still have some slots available to show home to you. Give me a call as soon as you can so we can start the process.

Port Orchard WA Real Estate | February Homes Sold 2010

Jo Soss — Wed, 03 Mar 2010 03:59:31 +0000

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!

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

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

Jo Soss — Fri, 12 Feb 2010 03:41:31 +0000

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.

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

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

Jo Soss — Mon, 08 Feb 2010 18:18:20 +0000

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!

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.

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

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.

“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

Jo Soss — Tue, 19 Jan 2010 23:44:09 +0000

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!

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

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.

Port Orchard Real Estate 2009 Market Reports

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