The Prowse and Company waterfront update for July 2009 contains this graph showing selling price to original list price as a percentage versus days on the market for all 68 Kitsap Waterfront sales this year. It shows the cost in time for homeowners who list for too high a price. It also shows that except for homes priced attractively that sell quickly, very few homes sell for near their original asking price, and the final price gets lower the longer they sit on the market. (Click image below to see larger version.)

 

Ratio of sale price to original list price vs days on market for 2009 Kitsap Waterfront Sales

Find addtional details about affordability and current market trends by reading more of this report.