Real Estate Market Report for Silverdale WA - May 2009

Here is the real estate market report for NWMLS Area 147 - Silverdale WA - as of May 5, 2009.

Current Active Listings: 82

Sold in Past 6 months: 54

Average Sales Price: $ 266,713

Average List Price: $ 277,814

Ratio of LP vs. SP: 96%

Days on Market: 106

Pending this week: 10

The market indicators here in Kitsap County WA seem to be showing a welcomed improvement in overall activity and sales. Part of this can be attributed to normal seasonal changes/dynamics, but there is clearly a notable increase of Buyer activity taking advantage of low rates and home price reductions.

from the Kitsap County WA website:

Anderson Hill Road Widening and Channelization Project
(at the intersection of Apex Road))
Work begins Monday, May 4, and is anticipated to be complete by the end of June 2009.This project consists of widening to accommodate (2) 12-foot lanes, (1) 12-foot left-turn lane, (2) 4-foot paved shoulders and associated drainage improvements on Anderson Hill Road. A contract was awarded to Primo Construction from Sequim, Washington, on April 27, 2009.
Click here for more information

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Rich Jacobson is a licensed real estate professional providing empowerment and relentless representation for his clients of residential properties and vacant land throughout all of Kitsap County WA and portions of Pierce, Mason, and Jefferson Counties. You can also find him at KitsapLife.com, SOUNDBITEBLOG, and Crabbing in the Hood.