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 December median sales price for Poulsbo was $254,250, down about 13% from a year ago. The more stable three month moving average closed sale price was $282,709, about 5% lower than in December 2008. The Kitsap County 3 month moving average median price is just about the same as it was a year ago. The 3 month moving average number of closed sales in Poulsbo rose 50% from a year ago. The 3 month moving average of closed sales is up 39% Countywide from a year ago. December pending sales were up 50% in Poulsbo. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (98) is 36% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 5.9 months, somewhat worse than the 4.2 months reported last month - but still very good. Poulsbo is probably still a buyers market because of the shadow inventory of homes pulled off the market in the past year without selling, but looks like it has improved recently.
| |
Median Price |
3 mo Ave Price |
3 mo ave Closed Sales |
3 mo ave Pending Sales |
Inventory Turnover (months) |
| Dec 2009 |
$254,250 |
$282,709 |
18 |
15 |
5.9 |
| Nov 2009 |
$291,378 |
$298,293 |
20 |
20 |
4.2 |
|
Dec 2008
|
$362,000 |
$344,000 |
12 |
10 |
36 |