Real Estate Market Report for Silverdale WA - March 2009

Here is the real estate market report for NWMLS Area 147 - Silverdale WA - as of March 23, 2009.

Current Active Listings: 93

Sold in Past 6 months: 62

Average Sales Price: $ 266,640

Average List Price: $ 278,414

Ratio of LP vs. SP: 96%

Days on Market: 107

Pending this week: 8

The recent economic downturn has had its affect on local retail business. Two Big Box stores - Linens & Things and Circuit City have recently closed their doors. But at the same time, Lowe's has opened a new location directly behind Costco, and Kitsap Credit Union is building a new branch at the corner of Myhre & Ridgetop.

The following information is from the official website of the Central Kitsap School District

The Silverdale and Greater Kitsap area offers a wide variety of activities and opportunities for individuals and families seeking a great place to live, work, or raise a family.

Local highlights making Central Kitsap a highly sought after location in which to live include:

• The most affordable housing in the greater Puget Sound area.
• Kitsap-Mall--the largest shopping center on the Kitsap and Olympic Peninsulas.
• Easy access to Seattle for additional plays, concerts, cultural events, or shopping.
• Easy access to a multitude of recreational opportunities including hiking, skiing, boating, camping, biking, kayaking--almost any sport or activity an individual may wish to pursue.
• One of the most scenic areas in the Pacific Northwest to live--nestled between the Cascade and Olympic Mountains.

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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.