Sunday, May 25, 2008

Kitsap Closings: May 11-24

The market is slow but steady. It is still a buyer's market. One well-priced home in Bainbridge brought a full-price offer in 12 days, while another owner had to wait 589 days: selling price was 13% less than the original listing price. There's a lesson here.

25 closings for single family homes, 2 condos

Silverdale 4 homes, average market time 140 days; 1 condo, market time 61 days
Poulsbo 10 homes (6 presale), average market time 84 days
Kingston 5 homes, average market time 127 days
Bainbridge 6 homes, average market time 289 days; 1 condo, market time 260 days

The same period last year closed 49 homes, 11 condos and 6 land parcels. Bainbridge Island and Poulsbo were the hot spots.

Silverdale 11 homes, 1 parcel
Poulsbo 13 homes, 1 condo, 1 parcel
Kingston 5 homes, 1 condo, 2 parcels
Bainbridge 20 homes, 9 condos, 2 parcels

Curious about the selling price of the home or condo that closed in your neighborhood? Ask your real estate professional for a detailed report including photos, time on market, listing price and selling price.


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