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Bremerton Real Estate - June 2012
Posted on 2012 06 24 by hdnelson
Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $105,000 at the end of May, 29% lower than a year ago and 36% lower than last month. The more stable 3 month moving average median price ($129,333) was about 1% higher than a year ago and 2% higher than last month. This change represents more buyers in the middle and upper price ranges rather than a rise in overall prices. The Kitsap County 3 month moving average median price is up about 1% from a year ago. Bremerton’s 3 month moving average for number of closed sales is 7% lower than a year ago and 6% higher than last month. The 3 month moving average number of Bremerton pending sales is up 13% from last year. The number of Bremerton active listings (129) is 1% higher than a year ago. See tables and graphs at http://bprowse.com/bremerton_market
Kitsap Real Estate Local Markets in May 2012
Posted on 2012 05 18 by hdnelson
Each month we publish a snapshot of several local markets to show variations in our larger Kitsap County real estate market. Kitsap County’s residential inventory in April (1395 listings) rose 7% from March and is about 12% lower than a year ago. The County has a listing inventory turnover rate of about 7.5 months, slower than the 6.3 month turnover rate in March. Only the turnover rate for sales in the $500-600k and above $700k ranges were greater than 10 months, so inventory is moving better across middle price ranges. Inventory turnover is the number of months it would take to sell the current inventory at the current rate of sales. In April, the number of listings rose slightly and the number of sales fell 10% compared to March. Kitsap County’s monthly median closed sale price in April ($242,500) was up 11% compared to March and up 15% compared to a year ago. More on local area variations at http://tinyurl.com/6rdagd9
Kitsap Real Estate Local Markets in April 2012
Posted on 2012 04 21 by hdnelson
Kitsap County’s residential inventory in March (1306 listings) rose less than 1% from February and is about 10% lower than a year ago. The County has a listing inventory turnover rate of about 6.3 months, faster than the 8.1 month turnover rate in February. The turnover rate for all sales under $400k and above $1 million was less than 8 months. All other price ranges had turnover rates of over 10 months. Inventory turnover is the number of months it would take to sell the current inventory at the current rate of sales. In March, the number of listings rose slightly and the number of sales rose 28% compared to February. Kitsap County’s monthly median closed sale price in March ($217,750) was down 4% compared to February and down 4% compared to a year ago. The more stable 3 month moving average (see graph below) of the median closed sale price ($206,717) is 2% lower than last month and about 14% lower than a year ago. More at http://tinyurl.com/7j94sp2