Kitsap Closings: July 1-7

The number of closings does not indicate whether a market favors buyers or sellers. That determination is made by dividing the number of available homes by the number of contracts that have been written. If you’d like specific ratios, just send me an email.

The Silverdale and Poulsbo markets are strong sellers' markets. Kingston is moving toward the seller's advantage but is still fairly neutral. Bainbridge is in a weakening buyers’ market.

8 single family homes

Silverdale 2 homes on market for an average of 2 weeks; average selling price was $269,000, 111% of the average listing price.

Poulsbo 1 home sold in 2.4 months for $249,050—99.3% of the list price.

Kingston 1 home sold in 6 weeks for $583,150—97.7% of the list price.

Bainbridge 4 homes, avg mkt time 9.8 months; avg selling price $800,000--72% of the average original list price.

The same period in 2008 closed 12 homes, 2 condos, and 1 land parcel

Silverdale 5 homes on market for an average of 7.1 months, average sale price 317,280—95.2% of the average original listing price; 1 condo sold in 2 weeks for $227,500, 85.2% of the listing price.

Poulsbo 2 homes; average time on market 6.7 months; average sale $445,000—93% of the average original listing price; 1 lot sold in 2 weeks for $141,000, 98% of the listing price.

Kingston 2 homes, avg mkt time 5 months; average sale $320,500, 71.4% of avg orig list price

Bainbridge 3 homes; average time on market 6.2 months; average sale $688,333--85.3% of the original listing price; 1 condo sold in 2 weeks for $650,000—97.7% of the listing price.

If you're curious about the selling price of the home in your neighborhood, email me for details.