Kitsap County Real Estate | January Market Watch

During January in Kitsap County there were 490 new listings added to the existing inventory which brought the number of homes, town-homes and condominiums  to 1619.  During this same time 259 homes went to the pending status, which means there was an offer written and accepted with a closing date in the future.  January came to a close with 177 homes sold in Kitsap County.  The average sales price was $274,479 and the median price was listed as $224,000.

The statistics for Bremerton are here –   | Bremerton WA Real Estate | January Homes SOLD 2010

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

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?

Silverdale WA Real Estate | December Homes Sold | Homes Sold in Silverdale WA 2009

During the month of December there were 10 (5 less than November) homes that sold in Silverdale. These Silverdale 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 Silverdale Washington.

Let’s look at those 10 Silverdale homes that sold in December -

Average List Price

• $318,570 [$367,110 November]
• $147 per sq ft

Average Sold Price

• $308,880  [$348,333 in November]
• $143 per sq ft

The average sq ft of these Silverdale homes was 2176 sq ft. These homes spent an average of 135 days on the market (DOM).  A decrease of about 65 days.

The list to sale ratio for these homes was 96.95 percent. What that meas is that buyers offered 96.95% of what the seller requested.

Not a bad time to purchase a home in Silverdale, 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.

Silverdale Real Estate 2009 Market Reports

• Silverdale Real Estate | February Homes SOLD
• Silverdale Real Estate | March Homes SOLD
• Silverdale Real Estate | April Homes SOLD
• Silverdale Real Estate | May Homes SOLD
• Silverdale Real Estate | June Homes SOLD
• Silverdale Real Estate | July Homes SOLD
• Silverdale Real Estate | August Homes SOLD
• Silverdale Real Estate | September Homes SOLD
• Silverdale Real Estate | October Homes SOLD
• Silverdale Real Estate | November Homes SOLD

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

Kitsap County Homes for sale – Inventory down – Buyer’s Market?

The Kitsap County home for sale inventory is down 25.4% from the same time in 2008. That is the largest drop in inventory in the Puget Sound area. So, with inventory down is it still a buyer’s market?

What is a buyer’s market?

A very simple way to explain the definition of a buyer’s market is a simple statement such as, a market which has more sellers than buyers. Low prices result from this excess of supply over demand.

So how does the real estate profession calculate statistics to arrive at the conclusion there is more supply than demand ?

Most real estate professionals define market conditions by using the absorption rate formula. So what is an absorption rate? An absorption rate is the mathematical representation of the relationship between supply and demand.

The total quantity of available homes is divided by total homes sold in the previous month. The results represents the number of months it will take, at that same pace, to sell the entire real estate inventory of a local market area.

Here is last months example:
• Kitsap County has 1982 homes currently on the market. (as of December 31, 2009)
• Last month, 237 homes sold
• 1982 / 237 = 8.36
• So the Kitsap County area has 8.36 months of inventory.

But, remember the answer is only true if the housing market stays the same. The same meaning that there is always 1982 homes on the market and each month 237 of those homes sell. Absorption rates allow us to give some kind of mathematical equation to determine what type of real estate market we are experiencing at any given time.

Remember that real estate is local and that towns, cities, counties and states all have different absorption rates and will have different markets. There are also different markets within a market. You might have a buyer’s market when you look at high end homes and yet a seller’s market when it come to 1st time home buyer properties.

• NORMAL MARKET :: conditions exist when the Absorption Rate is between 5 and 6 months
• SELLER’S MARKET :: conditions exist when the Absorption Rate is lower. (1 – 4 months)
• BUYER’S MARKET :: conditions exist when the Absorption Rate is higher. ( 7 plus months)

Bremerton WA Real Estate | November Homes Sold

During the month of November there were 84 homes that sold in Bremerton. That is 16 more homes sold than in October. Seems odd since the NWMLS has reported such a surge in October Puget Sound wide due to the then planned end date of the first time home buyer tax credit. These Bremerton 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 Bremerton Washington.

Let’s look at those 84 Bremerton homes -

Average List Price

• $215,012 [$203,933 in October]
• $127 [$132 per sq ft in October]

Average Sold Price

• $210,430 [$202,524 in October]
• $125 [$132 per sq ft in October]

The average sq ft of these 84 Bremerton homes was 1732 sq ft. These homes spent an average of 96 days on the market (DOM). Down about 20 days from October

The list to sale ratio for these homes was 97.87 percent. What that meas is that buyers offered 97.87% of what the seller requested.

Not a bad time to purchase a home in Bremerton, 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 hombuyer’s tax credit has been extended to April 30, 2010

• $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?

Check out some of Kitsap County Real Estate Market Data here - Kitsap County Real Estate Market Data FYI

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.

Bremerton Real Estate 2009 Market Reports

• Bremerton Real Estate | February Homes SOLD
• Bremerton Real Estate | March Homes SOLD
• Bremerton Real Estate | April Homes SOLD
• Bremerton Real Estate | May Homes SOLD
• Bremerton Real Estate | June Homes SOLD
• Bremerton Real Estate | July Homes SOLD
• Bremerton Real Estate | August Homes SOLD
• Bremerton Real Estate | September Homes SOLD
• Bremerton Real Estate | October Homes SOLD

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

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DISCLOSURE OF MATERIAL CONNECTION: http://cmp.ly/0

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Silverdale WA Real Estate | November Homes Sold | Homes Sold in Silverdale WA 2009

During the month of November there were 15 homes that sold in Silverdale. These Silverdale 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 Silverdale Washington.

Let’s look at those 10 Silverdale homes that sold in November -

Average List Price

• $367,110 [$311,865 in October]
• $153 per sq ft

Average Sold Price

• $348,333 [$307,150 in October]
• $147 per sq ft

The average sq ft of these Silverdale homes was 2307 sq ft. These homes spent an average of 200 days on the market (DOM).  Another increase of about 50 days.

The list to sale ratio for these homes was 94.88 percent. What that meas is that buyers offered 94.88% of what the seller requested.

Not a bad time to purchase a home in Silverdale, 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.

Silverdale Real Estate 2009 Market Reports

• Silverdale Real Estate | February Homes SOLD
• Silverdale Real Estate | March Homes SOLD
• Silverdale Real Estate | April Homes SOLD
• Silverdale Real Estate | May Homes SOLD
• Silverdale Real Estate | June Homes SOLD
• Silverdale Real Estate | July Homes SOLD
• Silverdale Real Estate | August Homes SOLD
• Silverdale Real Estate | September Homes SOLD
• Silverdale Real Estate | October Homes SOLD

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

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?

Bremerton WA Real Estate | October Homes Sold

During the month of October there were 68 homes that sold in Bremerton.   That is 14 homes less than in September.  Seems odd since the NWMLS has reported such a surge in October Puget Sound wide due to the then planned end date of the first time home buyer tax credit.   These Bremerton 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 Bremerton Washington.

Let’s look at those 68 Bremerton homes -

Average List Price

• $203,933
• $132 per sq ft

Average Sold Price

• $202,524
• $132 per sq ft

The average sq ft of these 68 Bremerton homes was 15701 sq ft.  These homes spent an average of 132 days on the market (DOM).

The list to sale ratio for these homes was 99.31 percent.  What that meas is that buyers offered 99.31% of what the seller requested.

Not a bad time to purchase a home in Bremerton, 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 hombuyer’s tax credit has been extended to April 30, 2010

• $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?

Check out some of Kitsap County Real Estate Market Data here - Kitsap County Real Estate Market Data FYI

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.

Bremerton Real Estate 2009 Market Reports

• Bremerton Real Estate | February Homes SOLD
• Bremerton Real Estate | March Homes SOLD
• Bremerton Real Estate | April Homes SOLD
• Bremerton Real Estate | May Homes SOLD
• Bremerton Real Estate | June Homes SOLD
• Bremerton Real Estate | July Homes SOLD
• Bremerton Real Estate | August Homes SOLD
• Bremerton Real Estate | September Homes SOLD

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

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DISCLOSURE OF MATERIAL CONNECTION: http://cmp.ly/0

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Silverdale WA Real Estate | October Homes Sold | Homes Sold in Silverdale WA 2009

During the month of October  there were 10 homes that sold in Silverdale.  These Silverdale  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 Silverdale Washington.

Let’s look at those 10  Silverdale homes that sold in October -

Average List Price

• $311,865
• $147 per sq ft

Average Sold Price

• $307,150
• $148 per sq ft

The average sq ft of these  Silverdale homes was 2173 sq ft.  These homes spent an average of  156 days on the market (DOM).

The list to sale ratio for these homes was 98.49 percent.  What that meas is that buyers offered 98.49% of what the seller requested.

Not a bad time to purchase a home in Silverdale, 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.

Silverdale Real Estate 2009 Market Reports

• Silverdale Real Estate | February Homes SOLD
• Silverdale Real Estate | March Homes SOLD
• Silverdale Real Estate | April Homes SOLD
• Silverdale Real Estate | May Homes SOLD
• Silverdale Real Estate | June Homes SOLD
• Silverdale Real Estate | July Homes SOLD
• Silverdale Real Estate | August Homes SOLD
• Silverdale Real Estate | September Homes SOLD

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

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?

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