Monday, October 6, 2008

Kitsap closings: Sept 14-Oct 4

It is still a buyers' market. More homes closed during this period than last. And for the first time in 19 months, pending (waiting for funding to close) sales showed an increase.

33 closings for single family homes
, 4 closings for condos, 3 for land parcels

Silverdale
11 homes on the market for an average of 3.9 months
Poulsbo 7 homes (2 presales), average market time 5.2 months
Kingston 5 homes, average market time 8.3 months; 1 condo in market for 13 months; 2 parcels on market for 8.8 months
Bainbridge 10 homes, average market time 4.75 months; 3 condos closed in 4.5 months; 1 parcel on market for 7.3 months

The same period last year closed 47 homes, 11 condos and 7 land parcels. Bainbridge Island, Poulsbo and Silverdale were the hot spots

Silverdale 14 homes, 2 lots
Poulsbo 9 homes, 2 lots
Kingston 3 homes, 1 condo, 1 lot
Bainbridge 15 homes, 10 condos, 2 lots

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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