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 74 percent of the average list price for all listings in NK, 71 percent for SEJ and 74 percent for BI. These figures are down from historic levels. For just those properties that sold, the selling price was between 95 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 April NK selling prices made a minor move down, SEJ prices continued a modest downward trend, and BI prices have move up modestly.

The sales rate is down compared to last year at the same time. 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. The tax credit ended April 30 of last year with an accompanying drop in sales for May. The May 2011 year to year sales figures should be more favorable.

Graphs