Kitsap Real Estate Market Report - November 2011
By Admin
Our November Kitsap real estate market report has been posted. Please check out our new and improved home search site at http://bprowse.com/property_search.
Kitsap County closed sales were up by 21% compared with October 2010 and 6% compared to September 2011. The more stable 3 month moving average number of Kitsap County closed sales is up 17% compared to a year ago. Pending sales fell about 12% compared to last month but were 12% higher than a year ago. In September, there were 199 closed sales and 309 pending sales. In October there were 210 closed sales and 271 pending sales. 35% of the closed sales were distressed properties. 38% of the pending sales were distressed properties. Among closed distressed sales, bank owned sales were about 3 times the number of short sales closed. Pending sales tend to lead closed sales in direction if not magnitude by about 2 months. Based on past trends, the it looks like the number of closed sales will fall next month.
More at http://tinyurl.com/6q4haq7
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