Website Heading 1/12/06
Website Heading 1/12/06
Windermere Real Estate/West Sound, Inc.
Wayne Paulson | Poulsbo: 360-598-5291 | Port Ludlow: 360-437-9508 | Bainbridge Island: 206-780-1500 | wpaulson@windermere.com

March 11 West Sound Market Graphs

Posted on April 1, 2011

The graphs reached through the link below show the average market time, average list price and average sales price for homes over the past several years for North Kitsap County (NK), Southeast Jefferson County (SEJ) and Bainbridge Island (BI). At the time these graphs were created, the average sales price was 80 percent of the average list price for all listings in NK, 79 percent for SEJ and 72 percent for BI. These figures are down from historic levels. For just those properties that sold, the selling price was between 93 and 97 percent of the asking price at the time it was sold.

 

The graphs show that since early 2009, average selling prices have been hovering at levels last seen in 2005, with some relatively sharp swings around those levels. Over the month of March average selling prices made some minor movements, but nothing that indicated a significant new trend. The sales rate is down compared to last year at the same time, though the last week in March for NK happened to be up. The downturn is not as serious as it might seem at first glance. At this time last year a first time home buyer tax credit was in effect, shifting purchases into the early part of that year. There is no such program in effect now, so the volume represents only market forces at work.

Post a Comment on "March 11 West Sound Market Graphs"
Name
Email
Website
Comment
 
Windermere Real Estate/West Sound Inc. | 18570 State Hwy 305, Poulsbo, WA 98370 | Office: 360-779-5205 | Fax: 360-779-9549
©2012 GraphicalData, Inc.   Site Map