During the month of March there were 52 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 52 Port Orchard homes –
Average List Price
- $137 per sq ft
Average Sold Price
- $132 per sq ft
The average sq ft of these 52 Port Orchard homes was 1859 sq ft. These homes spent an average of 140 days on the market (DOM).
The list to sale ratio for these homes was 96.88 percent. What that meas is that buyers offered 96.88% 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
- $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?
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.
Port Orchard Real Estate 2009 Market Reports
“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed