Paul Pival

Kitsap Closings: July 15-21

Poulsbo and Silverdale are experiencing a strong sellers' market. Kingston's neutral market is moving toward a sellers' market. Bainbridge Island shows a weakening buyers' market.

This week last year closed 13 homes

The number of closings does not indicate whether a market favors buyers or sellers. That determination is made by dividing the number of available homes by the number of contracts that have been written. If you'd like specific ratios, just send me an email.

The Silverdale and Poulsbo markets are strong sellers' markets. Kingston is moving toward the seller's advantage but is still fairly neutral. Bainbridge is in a weakening buyers' market.

8 single family homes

Silverdale 2 homes on market for an average of 2 weeks; average selling price was $269,000, 111% of the average listing price.

Poulsbo 1 home sold in 2.4 months for $249,050-99.3% of the list price.

Kingston 1 home sold in 6 weeks for $583,150-97.7% of the list price.

Bainbridge 4 homes, avg mkt time 9.8 months; avg selling price $800,000--72% of the average original list price.

The same period in 2008 closed 12 homes, 2 condos, and 1 land parcel

Silverdale 5 homes on market for an average of 7.1 months, average sale price 317,280-95.2% of the average original listing price; 1 condo sold in 2 weeks for $227,500, 85.2% of the listing price.

Poulsbo 2 homes; average time on market 6.7 months; average sale $445,000-93% of the average original listing price; 1 lot sold in 2 weeks for $141,000, 98% of the listing price.

Kingston 2 homes, avg mkt time 5 months; average sale $320,500, 71.4% of avg orig list price

Bainbridge 3 homes; average time on market 6.2 months; average sale $688,333--85.3% of the original listing price; 1 condo sold in 2 weeks for $650,000-97.7% of the listing price.

If you're curious about the selling price of the home in your neighborhood, email me for details.

The Silverdale and Poulsbo markets continue to heat up--both are now strong sellers' markets. Kingston is moving toward the seller's advantage but is still fairly neutral. The surprise this week is Bainbridge Island, for the past year a strong buyers' market and changing very rapidly to a sellers' market.

15 single family homes, 3 condos

Silverdale 5 homes on market for an average of 2.4 months; average selling price was sold for $337,000, 95.5% of the average listing prices.

Poulsbo 9 homes, avg mkt time 2.7 months; average sale $359,000--93.8% of the average original list price; 1 condo sold in 2 years for $230,000, 98% of the listing price.

Kingston 2 homes, avg mkt time 9.3 months; avg sale price $489,000--91% of the avg listing price.

Bainbridge 5 homes, avg mkt time less than 1 month (1 sold in 3 days at list price); avg selling price $858,900--98.5% of the average original list price; 2 condos, avg mkt time 15 months, avg sale price $352,500--98% of avg original list price

Silverdale 11 homes on market for an average of 5 months, average sale price 287,183--94.5% of the average original listing price

Poulsbo 4 homes; average time on market 6.7 months; average sale $388,988--92.6% of the average original listing price; 1 land parcel, 4.8 mo, $310,000, 84.9 % of original listing price.

Kingston 6 homes, avg mkt time 5.9 months; average sale $344,500--94.8% of avg orig list price

Bainbridge 6 homes; average time on market 2.9 months; average sale $610,000--94.3% of the original listing price; 4 condos on market for 94.7 months, sold for $423,000--96.4% of the average original listing price; 1 lot, 3.6 mo, $219,000, 73% of listing price.

Closing activity is increasing, both from last year at this time and from last week. Silverdale and Poulsbo markets continue to favor sellers. Kingston is neutral. Bainbridge Island buyers market is moving toward neutral for homes under $1M.


8 single family homes, 2 condos

Silverdale 1 home on market for 2.6 months sold for $239,750, 1% over the original list price

Poulsbo 3 homes (2 presale); avg mkt time 4.3 months; average sale $290,000--97.6% of the average original list price

Kingston 1 home on market for 2 weeks sold for the full listing price of $212,000

Bainbridge 3 homes, avg mkt time 7.1 months; avg selling price $707,667--80% of the average original list price; 2 condos, avg mkt time 3.6 months, avg sale price $334,000--95.7% of avg original list price

Silverdale 1 condo on market for 6.6 months, sold for $273,000--91% of the original listing price.

Poulsbo 4 homes; average time on market 7.9 months; average sale $299,500--94.5% of the original listing price.

Bainbridge 2 homes; average time on market 1 month; average sale $1,106,250--94.4% of the original listing price; 1 condo on market for 9.6 months, sold for $339,000--89.4% of the original listing price.