Prowse and Company's July Waterfront Update has been posted. See the graphs and download the latest newsletter and stats.

More about North Kitsap Real Estate:http://bprowse.com/north_kitsap_market

Statistics here are for Kingston, the largest housing market in North Kitsap. Activity in Kingston should be representative of the other areas in North Kitsap. Kingston homes were selling for a month end median price of about $239,000 at the end of June, 14% lower than a year ago. The more stable 3 month moving average ($256,348) of closed sale prices is down 33% compared to a year ago. The Kitsap County 3 month moving average median price is 2% lower than it was a year ago. The 3 month moving average number of Kingston closed sales rose 250% from a year ago, while the number of pending sales is up 33% from a year ago. Recall again that our current pending sales include pending short sales that may not close. The 3 month moving average of closed sales is up 17% Countywide from a year ago. The number of active listings in Kingston (87) is up 24% from a year ago and up 13% from last month. The inventory turnover (total homes on the market divided by number sold last month) is 9.7 months (worse than the 7.7  month turnover reported last month, but a bit better than a year ago). Kingston is still a buyer's market. 

More about Poulsbo Real Estate:http://bprowse.com/poulsbo_market

These statistics are for Poulsbo, including the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, and parts north to Sawdust Hill Rd. Other parts of Poulsbo and its suburbs should have similar trends. The June median sales price for Poulsbo was $359,500, up about 24% from a year ago. This rise in price reflects a change in the distribution of sales rather than an increase in all market closed sale prices. With expiration of the homebuyer tax credit, fewer first time buyers are in the market, while the low interest rates are still attracting move up and downsizing buyers who want to move in the summer. The more stable three month moving average closed sale price was $320,529, about 1% higher than a year ago.The Kitsap County 3 month moving average median price is 2% lower than it was a year ago.  The 3 month moving average number of closed sales in Poulsbo fell 6% from a year ago. The 3 month moving average of closed sales is up 17% Countywide from a year ago.  Poulsbo’s 3 month moving average of pending sales fell 35% from a year ago. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (96) is 14% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 6.4 months, worse than the 5.7 months reported last month. Poulsbo is still a buyer’s market.

More about Silverdale Real Estate:http://bprowse.com/silverdale_market

Homes in Silverdale were selling for a June median price of about $274,950, 19% lower than a year ago. Silverdale's more stable 3 month moving average median closed sale price was $256,317, about 13% lower than a year ago. The Kitsap County 3 month moving average median price is 2% lower than it was a year ago.   The 3 month moving average for Silverdale's number of closed sales was up 8% from a year ago. The 3 month moving average of closed sales is up 17% Countywide from a year ago.  The 3 month moving average of Silverdale pending sales in June fell 33% from a year ago. The number of active listings in Silverdale (111) is up 13% from last month and 52% higher than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.5 months,  worse than the 7 month turnover reported last month. Silverdale is still a buyer's market. 

More about Bremerton Real Estate:http://bprowse.com/bremerton_market

Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $169,500 at the end of June, about 12% less than a year ago and about the same as last month. The more stable 3 month moving average median price ($169,766) was about the same as a year ago. The Kitsap County 3 month moving average median price is 2% lower than it was a year ago.  Bremerton's 3 month moving average for number of closed sales is 33% higher than a year ago. The 3 month moving average of closed sales is up 17% Countywide from a year ago.  The 3 month moving average number of Bremerton pending sales is down 37% from last year. With expiration of the homebuyer tax credit, pending sales in Bremerton have fallen sharply. The number of Bremerton active listings (181) is 15% higher than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 6.5 months (worse than the 5.6 month turnover last month and 5.4 month turnover a year ago). The Bremerton market seems to be slowing down and is probably still a buyer’s market.

Reposted from  http://bprowse.com/bainbridge_island_market

Bainbridge Island residential properties were selling for a June median price of $655,000, about 43% higher than in May. This is a misleading statistic that means that the distribution of sales included more higher priced homes (homes that have probably been reduced in price to try to attract a buyer). It may be that the low interest rates are resulting in more mid price range sales even though 1st time buyer activity has fallen off. The more stable three month moving average of closed sale price rose about 9% from last month to $555,833 and is 14% lower than it was a year ago. The Kitsap County 3 month moving average median price is 2% lower than it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is 81% higher than a year ago. The 3 month moving average of closed sales is up 17% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in June rose 54% from a year ago. The number of active listings on Bainbridge (260) surged upward from May by 17% is up 2% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.1 months, worse then 6.9 months in May but much better than a year ago. Bainbridge Island is a buyer’s market.

Prowse and Company's June Waterfront Update - see the graphs and download the latest newsletter and stats.

http://bprowse.com/kitsap_waterfront

Reposted from http://bprowse.com/silverdale_market

Homes in Silverdale were selling for a May median price of about $245,000, 12% lower than a year ago. Silverdale's more stable 3 month moving average median closed sale price was $266,333, about 1% lower than a year ago. The Kitsap County 3 month moving average median price is 3% higher than it was a year ago.  The 3 month moving average for Silverdale's number of closed sales was up 17% from a year ago. The 3 month moving average of closed sales is up 25% Countywide from a year ago.  The number of Silverdale pending sales in May is up 5% from a year ago, but recall this number includes pending short sales that may not close. The number of active listings in Silverdale (98) is 14% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 7 months,  worse than the 5.9 month turnover reported last month. Silverdale is still a buyer's market. 

Reposted from http://bprowse.com/poulsbo_market

These statistics are for Poulsbo, including the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, and parts north to Sawdust Hill Rd. Other parts of Poulsbo and its suburbs should have similar trends. The May median sales price for Poulsbo was $290,087, down about 18% from a year ago. The more stable three month moving average closed sale price was $307,362, about 6% lower than a year ago. The Kitsap County 3 month moving average median price is 3% higher than it was a year ago. The 3 month moving average number of closed sales in Poulsbo rose 56% from a year ago. The 3 month moving average of closed sales is up 25% Countywide from a year ago.  Poulsbo’s 3 month moving average of pending sales fell 18% from a year ago. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (103) is 15% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 5.7 months, improved from the 8.2 months reported last month. Poulsbo is still a buyer’s market.

Reposted from http://bprowse.com/north_kitsap_market

Statistics here are for Kingston, the largest housing market in North Kitsap. Activity in Kingston should be representative of the other areas in North Kitsap. Kingston homes were selling for a month end median price of about $312,715 at the end of May, 4% lower than a year ago. The more stable 3 month moving average of closed sale prices is down 32% compared to a year ago - this has been affected by the very low median price of last month.  The Kitsap County 3 month moving average median price is 3% higher than it was a year ago. The 3 month moving average number of Kingston closed sales rose 350% from a year ago, while the number of pending sales is up 75% from a year ago. Recall again that our current pending sales include pending short sales that may not close. The 3 month moving average of closed sales is up 25% Countywide from a year ago. The number of active listings in Kingston (77) is up 24% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 7.7 months (worse than the 6.4  month turnover reported last month, but much better than a year ago). Kingston is still a buyer's market.