Bremerton Real Estate - February 2010
Reposted from 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 $169,000 at the end of February, about 9% lower than a year ago and up 31% from last month. The more stable 3 month moving average was 19% lower than a year ago. The Kitsap County 3 month moving average median price is about 4% higher than it was a year ago. Bremerton's 3 month moving average for number of closed sales is the same as a year ago. The 3 month moving average of closed sales is up 55% Countywide from a year ago. The 3 month moving average number of Bremerton pending sales is up 44% from last year. Recall this number includes pending short sales that may not close. The number of Bremerton active listings (157) is 2% higher than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 9.2 months (an improvement from the 15 month turnover last month and about the same as a year ago). The Bremerton market is probably still a buyers market.
| Median Price | 3 mo Ave Price | 3 mo ave Closed Sales | 3 mo ave Pending Sales | Inventory Turnover (months) | |
| Feb 2010 | $169,000 | $150,483 | 18 | 29 | 9.2 |
| Jan 2010 | $129,300 | $149,142 | 22 | 25 | 15 |
|
Feb 2009 |
$184,800 | $185,767 | 18 | 23 | 9.1 |
