Kingston market slips in third quarter

Kingston Transactions Third Quarter 2011

The third quarter of 2011 saw a decrease of 44% compared to the third quarter of 2010.

Transactions took nearly a month longer to close. The average selling price was down 12%. Sellers accepted 12% less than they had originally asked.

If you'd like the selling details of the home that closed in your neighborhood, send me an email. I'll be happy to send them to you.

Kingston market report for September

Kingston: Closed Transactions in September

Please note: we are comparing closings during this year's September and last year.

56% fewer homes closed in September this year.

Transactions closed a month faster.  The average selling price dropped 23% but was much higher than the August average price or $161,133.  Not enough transactions, though, for this to be a significant trend. 

Sellers accepted six percent less than they originally asked.


There are now 64 homes available, down from 81 last month. The lowest listing price is $150,000, the highest still $1.8 million.   The average listing  price is $439,000  with a median of $357,500.

If you would like details of the home that closed in your neighborhood, call or email me.

Kingston market slows in August

Kingston: Closed Transactions in August

Please note: we are comparing closings during this year's August and last year's August. The numbers are so small in this area that they may be misleading, but here are the facts:

67% fewer homes closed in August this year.

Transactions closed a month faster.  The average selling price dropped 53%.   

Sellers accepted 11% less than they originally asked.


There are now 81 homes on the market, an increase of four from last month. The lowest listing price is $125,000, the highest still $1.8 million.   The average listing  price is $441,000  with a median of $403,238.

If you would like details of the home that closed in your neighborhood, call or email me.

Kingston home sales steady in July

Kingston: Closed Transactions in July

Please note: we are comparing closings during this year's July and last year's July.

One more home closed in July this year.

Transactions took about five weeks longer to close.  The average selling price was six percent  lower.   

Sellers accepted 13% less than they originally asked.


There are 77 homes on the market, with the lowest listing price $145,000, the highest at $1.8 million.   The average listing  price is $450,000 , with half the 77 homes under the median price of $403,000.

If you would like details of the home that closed in your neighborhood, call or email me.

Kingston market still slow in April

Kingston: Closed Transactions in April

Please note: we are comparing closings during this year's April and last year's April.

58% fewer homes closed in April this year.

Transactions took about five days longer to close.  The average selling price was seven percent  higher.   

Sellers accepted 13% less than they originally asked.


There are 57 homes on the market, with the highest listing price $1,080,000.  Factoring out the $1+M listing, the highest priced home is $900,000. The lowest is $175,000. The average listing  price is $413,000 , with half the 57 homes under median price of $399,000.

If you would like details of the home that closed in your neighborhood, call or email me.

Kingston activity about average for North Kitsap County

First Quarter 2011

The first quarter of 2011 saw a decrease of 21% compared to the first quarter of 2010.

The average selling price was ten percent lower. Sellers accepted 11% less than they had originally asked.

Traditionally, selling activity increases in the second quarter, and there is no reason not to expect this to happen this year.

If you'd like the selling details of the home that closed in your neighborhood, send me an email. I'll be happy to send them to you.

Kingston market slow in March

Kingston: Closed Transactions in March

Please note: we are comparing closings during this year's March and last year's March.

25% fewer homes closed in March this year.

Transactions closed 13 days longer.  The average selling price dropped eight percent.   

Sellers accepted 19% less than they originally asked.


There are 62 homes on the market, with the highest listing price $1.2M.  Average listing  price is $412,5677) , with half the 62 homes under median price of $382,450.

If you would like details of the home that closed in your neighborhood, call or email me.

Kingston market slows in February

 Kingston Closed Transactions Month of February

Please note: we are comparing closings during this year's February and last year's February.

February this year saw 40% fewer closings in Kingston.

Transactions closed very quickly--in just over a month.  The average selling price was down by 22%.

Sellers accepted 5% less than they originally asked. The low time on market indicates that the 3 homes that sold this quickly were priced for the market.

There are 38 Kingston homes in inventory at all price ranges ($137,700 - $1,200,000).  Average asking price is $442,220, with half of the 38 homes under $435,000.

If you would like details of the home that closed in your neighborhood, call or email me.

Kingston market improved in 2010

Annual Transaction Report for 2010

Here are last year's statistics for Kingston

2010 saw an increase of sixteen percent in closed transactions compared to the previous year. 


The average sale price fell thirteen percent.  Market time decreased by three months.

Kingston is moving towards a seller's market.  As of this date (February 21), there are 39 single family homes in inventory.  Average list price is $429,313, but there are homes in every price bracket. Half the homes on the market are below the median list price of $409,119.

If you'd like the selling details of the home that closed in your neighborhood, just ask.

Kingston Fourth Quarter Report

Fourth Quarter 2010

The fourth quarter of 2010 closed only nearly 40% fewer transactions than in 2009, but the average closing time was less than half as long.

The average sales price decreased by 26%.  On the average, sellers accepted 11% less than their original asking price.

If you are a buyer, now is the time. If you are a seller, be patient.

As of this date (February 1), there are 38 single family residences on the market, ranging in list price from $60,000 to $1.2 million. The average list price is $427,462.  If the $1+ million listing is not taken into account (it's clearly an exceptional property), the average list price is $406,500.

If you'd like the selling details of the home that closed in your neighborhood, send me an email. I'll be happy to send them to you.

Kingston December activity behind last December

 Closed Transactions Month of  December

Please note: we are comparing closings during this year's December and last year's December.

There were 42% fewer closings this December compared to December of last year.

Transactions closed much faster.  The average selling price dropped 30%. (Buyers note!)

Sellers accepted 16% less than they originally asked. 

Inventory in Kingston  is still good.  It's still a buyer's market.

If you would like details of the home that closed in your neighborhood, call or email me.

Kingston still a buyer's market--but where are the buyers?

 Kingston Closed Transactions Month of November

Very little action in Kingston last month.  

Transactions closed much faster.  The average selling price was down by only twelve percent, much better than the nation as a whole--but remember all real estate is local.   

Sellers priced their homes much more realistically as evidenced by the fact that they are conceding only seven percent of their original listing prices.

Inventory in Kingston is still good.  It's still a buyer's market.

If you would like details of the home that closed in your neighborhood, call or email me.

Kingston market same as last year during this period

Closed Transactions Sept 8-14

Because the sample is so small, the statistics don't mean anything. What is apparent, though, is that there is not much activity in Kingston. If you are a buyer, jump before other buyers in this market figure it out! The best time to buy in a buyers' market is when all the buyers around you are afraid.

If you would like details of the home that closed in your neighborhood, call or email me. 

Think times are tough? They're not!

Thanks to Steve Cook for sending these photos. If you think times are tough, look at what was happening in our country 70 years ago!

Closed Transactions August 8-14

Bainbridge closed 75% more transactions than last year during this time period.  Silverdale, Poulsbo and Kingston lagged behind.  But in Silverdale, Poulsbo and Bainbridge, transactions closed much quicker. 

The average sale price dropped in all markets (except for Kingston).

If you'd like the selling details of the home that closed in your neighborhood,  just ask.

Passenger ferry slated for Kingston

No kidding this time (pay attention, yo). If this comes through, look for a lot of activity in the Kingston market by this time next year. Easier access from Seattle to Kingston brings more people. People buy houses.

Closed Transactions August 1-7

Bainbridge and Kingston were the only markets making any progress over last year at this time, and that hardly worth noting on Bainbridge. Kingston picked up dramatically.  No closings in Silverdale.  Poulsbo not much better.

If you'd like the selling details of the home that closed in your neighborhood,  just ask.

North Kitsap Market Report July 1-7

Closed Transactions July 1-7

Almost no activity this week, and what little there was much less than that during the same holiday weekend last year.

Except for Kingston, time on market was less in all areas, particularly in Bainbridge Island.  The average selling price in Bainbridge was significantly lower than the median.  We expected activity to drop at the end of the tax credit incentive deadline, but not this much.

If you'd like the selling details of the home that closed in your neighborhood,  just ask.

North Kitsap Market Report June 22-30

Closed Transactions June 22-30

Activity was down compared to last year at this time with the exception of Bainbridge Island, which was up 125%. 

Time on market was less in all areas.  The average selling price was lower in all areas.

Sellers in Bainbridge accepted less than they did last year.

If you'd like the selling details of the home that closed in your neighborhood,  just ask.

North Kitsap Market Report June 15-21

Closed Transactions June 15-21

Closings this week were ahead of last year's at this time.  In all four areas the average selling price was lower, especially in Bainbridge Island. 

The lower prices and the higher percent of selling to list price resulted in a much quicker closing time. Sellers are pricing their homes more appropriately to the market (still a strong buyer's market in all four areas), the the market is clearly responding.

If you'd like the selling details of the home that closed in your neighborhood,  just ask.

North Kitsap Market Report June 8-14

Closed Transactions June 8-14

Once again Bainbridge Island showed an unusually large increase in closed transactions compared to the same period last year.

Except for Kingston, the average selling price in North Kitsap continued to show a decline.
 
If you'd like the selling details of the home that closed in your neighborhood,  just ask.

North Kitsap Market Report May 22-31

Closed Transactions May 22-31

Bainbridge Island showed an unusually large increase in closed transactions compared to the same period last year. Though the average sale price was much lower, the period from list to contract was shorter by nearly 7 months, and buyers came much closer to the listing price as well. 

(Shameless fact: I am proud to report that my personal home was among those closing. Contract signed two days after the keybox was installed with a selling price over my listing price.  I must have done something right.)

Buyers in Silverdale, Poulsbo, and Kingston also found their offers accepted much quicker this year.

If you'd like the selling details of the home that closed in your neighborhood,  just ask.