Kitsap County WA Real Estate Market Report for August 2007

Real Estate Market Report/Conditions in Kitsap County WA for 08/02/2007

The following is a quick analysis of the combined single-family home and condo market within Kitsap County, Washington, provided by Rich Jacobson of Windermere Real Estate, in Silverdale, WA (excludes Bainbridge Island).

• Properties currently active on the market: 2199 up 4.7%  
• Properties closed in the last 180 days: 1652 up 5.5%
• Average Sales Price: $309,118 up 1.1%
• Average List Price: $313,008 up .09 %
• Ratio of List Price to Sales Price: 99% same
• Average Days on Market: 85 days down 4.5%
• Sales Pending this Week: 69 up 36%

Current Market Conditions: Well, as you can see from the monthly stats update, inventory continues to increase. Fortunately, so have home sales. The pendulum has clearly swung over towards the Buyers favor in most areas of Kitsap County WA. Personally, as a professional licensed agent, this is a market dynamic I much more prefer. My Buyer clients have more time to shop and make prudent/wise home purchasing decisions. As a Seller's agent, it requires greater effort and creative marketing ability to successfully achieve a timely sale. Many newer agents who jumped on the 'Hot Market' bandwagon are going back to their former jobs. A slower market definitely separates the career agents from the 'wannabes.' 

Last month, I offered some practical advice to prospective Sellers. Here it is again:

• Conduct a pre-sale home inspection. Anticipate and correct any problem issues ahead of time.
• If you're on a septic, go ahead and have it pumped and inspected. Place of copy of the receipt and inspection results in the Home Book.
• Depending on the age of your home, offer a Home Warranty Plan to prospective Buyers.
• Consider having your home staged or hire a staging consult to give you some suggestions.
• Price your home aggressively.

One of the best values on the market right now is my listing on Franklin Street in East Bremerton. Give me a call to schedule a private showing @ 360.440.4758. I have another home coming up on the market next week. It's a great newer home (2005) off Bielmeier Road in Port Orchard. The 4BR (3BR septic) 2586 sq.ft. home is situated on a 1/2 acre lot on a small private cul-de-sac with 5 other custom homes. Call for more details!

For additional information and resources concerning real estate and living in Kitsap County, Washington, access my comprehensive website, www.KitsapLife.com, or my local blogsite, www.SoundBiteBlog.com.

another quality consumer article by Sparky