Kitsap Waterfront Update - February 2011
By Admin
Each month we publish a Waterfront Update Newsletter showing our Kitsap County waterfront listings, giving detailed statistics for the number of waterfront listings, pending sales, and closed sales in various price ranges for each area in Kitsap County for Bremerton, Central Kitsap, Silverdale, Poulsbo, North Kitsap, and Bainbridge Island.
January was the third month in a row we’ve had 11 closed waterfront sales in Kitsap County from Bremerton north including Bainbridge Island. Interest rates rose in January to just over 5% for 30 year fixed rate loans from about 4.75% in December. We don’t see interest rates coming back down any time soon.
January’s waterfront listing inventory starts again this year at almost the same number (150) as the every year since 2008, and is about 2% lower than the December inventory. There were 13 pending sales, compared to 18 in December. Only the most competitively priced homes are selling.
Go to Prowse and Company waterfront web page
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