Local real estate trends

The chart above provides a graphic of the absorption rate based on closed sales overall for Kitsap County. I mention overall because there are at least 11 unique markets within Kitsap County (location, view, waterfront, size etc.) so you’ll need to refine these stats based upon your specific focus (which can be done). This chart […]

Kitsap County cumulative days on market vs. original list to sale price   These statistics are collected by the Northwest Multiple Listing Service (NWMLS).  And you’ll notice the days on market time and list price vs. sale price percentages for the two charts are different.  In our markets over the past several years, some properties were […]

  Over the past fifteen months the absorption rate for closed sales in Silverdale has decreased from 14.8 months to 5.3 months of inventory on-hand for sale.  This is important because it means leverage for negotiating favorable terms on a purchase and sale agreement is beginning to shift from the buyer to the seller.

  Information I’ve been reading over the past week suggests there may be an increase of foreclosed properties that will be listed in late Spring or early Summer this year.  The easy answer is banks holding the mortgages have been cleared of the signing fiasco so these houses can be brought to market. What’s important […]