Kitsap Waterfront Update - May 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.
Closed waterfront sales fell 10% in April compared to March and are down 18% from a year ago. The total number of waterfront sales has been fairly level (10 plus or minus 1) for the past 6 months. April’s listing inventory lags last year by 20%. Pending sales rose 57% in April after falling 65% in March, basically keeping up with the pace of closed sales. The inventory turnover rate is about 18 months, up from 15 months in March.
See current Prowse and Company waterfront homes and land listings.
Download the latest copy of the Prowse and Company waterfront newsletter, which includes the latest sales statistics for waterfront communities in Kitsap County.
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By hdnelson
Our March Kitsap real estate market report has been posted. A quick look at the graphs for this month’s market trends shows that home sales are actually climbing, both pending sales and closed sales, that the inventory is turning over more quickly (this is a good thing), that the inventory of listings is lower than at any time since 2007, that the number of closed sales is the 2nd lowest since 2007 (2009 was worse), and that the median closed sales price is nearly $20,000 lower than any other time since 2007. This stark drop in the 3 month moving average of median prices reflects January’s abnormally low median price. Median price actually bounced up nearly 30% in February. See more at http://www.prowserealestate.com/Newsletter
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