Poulsbo, WA

Closed Transactions: Jan 22-31, 2010

This was an interesting week. The number of sales this week matched last year's week, which is surprising. But even more surprising is that the selling time was significantly lower in Silverdale and Poulsbo--these buyers made choices more quickly. Selling prices were significantly higher this year in Silverdale, Poulsbo, and Bainbridge Island. And selling prices were very close to list price in Silverdale, Poulsbo and Kingston, suggesting that sellers are realizing something about the market.

These statistics are for Poulsbo, including the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, and parts north to Sawdust Hill Rd. Other parts of Poulsbo and its suburbs should have similar trends. The December median sales price for Poulsbo was $254,250, down about 13% from a year ago. The more stable three month moving average closed sale price was $282,709, about 5% lower than in December 2008. The Kitsap County 3 month moving average median price is just about the same as it was a year ago. The 3 month moving average number of closed sales in Poulsbo rose 50% from a year ago. The 3 month moving average of closed sales is up 39% Countywide from a year ago. December pending sales were up 50% in Poulsbo. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (98) is 36% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 5.9 months, somewhat worse than the 4.2 months reported last month - but still very good. Poulsbo is probably still a buyers market because of the shadow inventory of homes pulled off the market in the past year without selling, but looks like it has improved recently.

Poulsbo Real Estate - December 2009

More About Poulsbo Real Estate Market

My family celebrated my birthday recently, and so my oldest son, Ben Jacobson, made this fondant cake to commemorate the event. Knowing my love for sushi, he created an assortment of nigri and maki rolls using Swedish Fish, Fruit Roll-ups, Rice Crispies & Marshmallows, and donuts. There's a bowl of sticky rice (Rice Krispies & Marshmallows) and Soy Sauce (Chocolate Syrup), and some Wasabi & Ginger (frosting).

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Rich Jacobson is a licensed real estate professional providing knowledgeable 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, Crabbing in the Hood, Facebook, Twitter, or e-mail: kitsapagent@gmail.com

These statistics are for Poulsbo, including the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, and parts north to Sawdust Hill Rd. Other parts of Poulsbo and its suburbs should have similar trends. The November median sales price for Poulsbo was $291,378, down about 14% from a year ago. The more stable three month moving average closed sale price was $298,293, about 10% lower than in November 2008. The Kitsap County 3 month moving average median price has fallen 4% over the past year. The 3 month moving average number of closed sales in Poulsbo rose 18% from a year ago. The number of closed sales is up 22% Countywide from a year ago. November pending sales were up 11% from a year ago in Poulsbo. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (84) is 45% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 4.2 months, a little worse than the 3.9 months reported last month. Poulsbo's market has been humming along for the past several months, but it is probably still a buyers market because of the shadow inventory of homes pulled off the market in the past year without selling.

More About Poulsbo Real Estate Market

These statistics are for Poulsbo, including the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, and parts north to Sawdust Hill Rd. Other parts of Poulsbo and its suburbs should have similar trends. The October median sales price for Poulsbo was $302,500, down about 8% from a year ago. The more stable three month moving average closed sale price was $298,500, about 8% lower than in October 2008. The Kitsap County 3 month moving average median price has fallen 6% over the past year. The 3 month moving average number of closed sales in Poulsbo rose 5% from a year ago. The number of closed sales is up 8% Countywide from a year ago. October pending sales were up 29% in Poulsbo. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (85) is 41% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 53.9 months, better than the 5.2 months reported last month. Poulsbo's market has been humming along for the past several months, but it is probably still a buyers market because of the shadow inventory of homes pulled off the market in the past year without selling.

More About Poulsbo Real Estate