Kitsap County WA Real Estate Market Report for July 2007

Real Estate Market Report/Conditions for Kitsap County WA for 07/10/2007

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.

Properties currently active on the market: 2097
Properties closed in the last 180 days: 1562
Average Sales Price: $305,732
Average List Price: $310,120
Ratio of List Price to Sales Price: 99%
Average Days on Market: 89 days
Sales Pending this Week: 44

Current Market Conditions: Have you ever seen molasses going uphill on a cold day? Well, that would pretty much describe the real estate market here on the Kitsap Peninsula (okay, it may not actually be THAT slow, but it sures seems like it at times!) Inventory levels continue to increase, though demand has remained constant. The pendulum has not swung over completely to a Buyer's Market, but it's definitely past the halfway mark. If you're a Seller, you better be prepared to pull out all the stops in order to achieve success in selling your home. Here's a couple of quick tips:

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 agressively.

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

For more helpful information and resources concerning real estate and living in Kitsap County, Washington, access my comprehensive website, www.KitsapLife.com and my other blogsite, www.SOUNDBITEBLOG.com

another quality consumer article by Sparky aka

Posted Tuesday Jul 10

( 07/10/07 05:12PM ) — Rich Jacobson ~ ActiveRain Community Builder

Hey, what can I say? It's Crabbing Season!

( 07/10/07 05:13PM ) — Lenn Harley

Rich. What a GREAT Market Report.

It's got everything. Love it.

List/Sale 99%. WOW! !

I've been planning to post something about the Chesapeake Bay area and seafood but I don't have a photo of any crabs.

Time for a tour of homes in Anne Arundel County.

( 07/10/07 05:16PM ) — Rich Jacobson ~ ActiveRain Community Builder

Lenn - thank you. That really does mean a lot to me, coming from you!

( 07/10/07 05:25PM ) — George Souto

Rich, leave it up to you to put a different twist to a Market Report..........great job!!!

You had me at "Have you ever seen molasses going uphill on a cold day?" You are one of a kind my friend :)

( 07/10/07 06:30PM ) — Jeff Dowler ~ Carlsbad Real Estate ~ 760-840-1360

Rich - this is rally well done. Good information, interesting to view and read, and useful to buyers and sellers. Love the pics - makes me think of New England.

Jeff

( 07/10/07 06:46PM ) — Rich Jacobson ~ ActiveRain Community Builder

George - thanks, Brother! That's a line that my Step Dad used all the time!

Jeff - I think that making market reports fun and interesting to read makes the numbers not so cold and boring.

( 07/10/07 07:31PM ) — Lola Audu~Real Estate Broker/Owner Grand Rapids, Michigan Real Estate

Rich, what a Creative way to serve up a Marketing Report! I actually enjoyed reading it! Thanks.

( 07/10/07 08:45PM ) — Pasadena CA Real Estate - Irina Netchaev

Hey Rich, what a wonderful market report and great tips. Sellers pay attention!

Please post it in the Market Reports group when you have a chance. :-)

( 07/10/07 09:33PM ) — Rick & Ines - Miami Shores Real Estate

Rich - those market conditions sure look DELICIOUS!

( 07/11/07 12:29AM ) — Rich Jacobson ~ ActiveRain Community Builder

Rick & Ines - yes, you're right. It's a really hard sell right now, or should I say 'hard shell?'

( 07/11/07 12:29AM ) — Rich Jacobson ~ ActiveRain Community Builder

Irina - will do, with pleasure, Ma'am!

( 07/11/07 12:30AM ) — Rich Jacobson ~ ActiveRain Community Builder

Lola - that really should be the goal of a good market report - easy and fun to digest, kinda like crab!

( 07/11/07 12:59AM ) — Rick & Ines - Miami Shores Real Estate

Rich....LOL! you made me snort!

( 07/11/07 01:57AM ) — Brad Andersohn ~ Community Builder

Crab looks great Rich, where's the lemon? Gotta love a market with no lemon in it! LOL! Ok then, where's the wine? or should I say Whine? Guess that depends what city and state you're in right?!? :-O (Big Smile)

( 07/11/07 04:13AM ) — Jason Sardi, Pennsylvania Mortgage Broker

Great marketing report indeed! And damn man, I'm in the mood for seafood:-)

( 07/11/07 09:51PM ) — Carole Cohen Realtor®, ePRO

I don't mean to be off topic Rich, but you know me and food, especially crabs. That little guy at the top...is he really a crab or a cross between the frog and a crab? LOL Back on topic: awesome listing to sales ratio!