About Seabeck's Lone Rock

Here is the real estate market report for NWMLS Area 145 - Seabeck WA - as of May 5, 2009.

Current Active Listings: 90

Sold in Past 6 months: 39

Average Sales Price: $ 267,204

Average List Price: $ 287,080

Ratio of LP vs. SP: 93%

Days on Market: 142

Pending this week: 3

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.

Olympic View Marina projects hits temporary snag

The long anticipated Olympic View Marina project hit yet another temporary setback recently when the proposed lender pulled the plug on their financing. This action, by no means, bears any negative reflection on the viability of the project or the solvency of the LLC partners. Many banks and lending institutions have been suffering from the recent economic downturn and mortgage crisis, and are greatly curtailing or eliminating funding, especially for commercial construction projects.

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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.

Here is the real estate market report for NWMLS Area 145 - Seabeck WA - as of March 23, 2009.

Current Active Listings: 92

Sold in Past 6 months: 38

Average Sales Price: $ 259,126

Average List Price: $ 274,922

Ratio of LP vs. SP: 96%

Days on Market: 109

Pending this week: 3

After what has seemed like an eternity of waiting, the proposed Olympic View Marina project is finally moving forward. County Commissioners approved an amendment to the shoreline master plan, changing the existing zoning anomaly from conservancy to rural, allowing the the construction of the new marina to commence. The developers hope to begin the dismantling of the existing marina soon. Completion of the new marina will no doubt have a huge positive impact on the local economy and further improve property valuations in the immediate area.

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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.