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North Kitsap Real Estate - June 2012
Posted on 2012 06 24 by hdnelson
Statistics here are for Kingston, the largest of the remaining housing markets in North Kitsap. Activity in Kingston should be representative of the other nearby communities. Kingston homes were selling for a month end median price of about $245,000 at the end of May, 36% lower than a year ago and 34% lower than last month. Month-to-month fluctuations in the low volume Kingston market make these raw numbers difficult to interpret. The more stable 3 month moving average ($300,333) of closed sale price is 9% higher than a year ago. The Kitsap County 3 month moving average median price is up about 1% from a year ago. The 3 month moving average of Kingston closed sales was 85% higher than a year ago, while the number of pending sales was 50% higher than a year ago. The 3 month moving average of closed sales is up 10% Countywide from a year ago. The number of active listings in Kingston (56) is 2% higher than a year ago. See tables and graphs at http://bprowse.com/north_kitsap_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