Real Estate Information

Homes in Silverdale were selling for a February median price of about $270,000,  6% higher than a year ago and unchanged from last month. Silverdale's more stable 3 month moving average median closed sale price was $256,667, 2 percent lower than last month and 1% higher than a year ago.  The Kitsap County 3 month moving average median price is about 1% higher than it was a year ago. The 3 month moving average for Silverdale's number of closed sales the same as a year ago. The 3 month moving average of closed sales is down 7% Countywide from a year ago. The 3 month moving average of Silverdale pending sales in February was the same as a year ago. The number of active listings in Silverdale (94) is 31% higher than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 18.8  months,  much slower than the 8.4 months reported last month and about the same as the 18 month turnover of a year ago. Silverdale is  a buyer's market.
 

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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 February median sales price for Poulsbo was $274,874, down about 6% from a year ago and down about 16% from last month, when the median spiked to $327,000. The more stable three month moving average closed sale price was $296,791, about 7% higher than a year ago.  The Kitsap County 3 month moving average median price is about 1% higher than it was a year ago. The 3 month moving average number of closed sales in Poulsbo rose 15% from a year ago. The 3 month moving average of closed sales is down 7% Countywide from a year ago.  Poulsbo’s 3 month moving average of pending sales rose 7% from a year ago. The Poulsbo listing inventory (111) is 25% higher than a year ago but down 6% from last month. The inventory turnover (total homes on the market divided by number sold last month) improved somewhat to 10 months compared to the 13.1 months reported last month, and is a little better than the 11.1 months reported a year ago. Poulsbo is a buyer’s market.
  

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Statistics here are for Kingston, the largest of the remaining housing markets in North Kitsap. Activity in Kingston should be representative of the other nearby communities. Kingston homes were selling for a month end median price of about $194,000 at the end of February, 35% lower than a year ago and 15% lower than last month. Because of the relatively lower sales volume in Kingston, a couple high priced sales (or lack thereof) can make a big change in the statistics but may not mean much of change in the market. The more stable 3 month moving average ($215,217) of closed sale price is 27% lower than a year ago.  We have low inventory and few sales. The Kitsap County 3 month moving average median price is about 1% higher than it was a year ago. The 3 month moving average of Kingston closed sales fell 27% from a year ago, while the number of pending sales fell 50% from a year ago. The 3 month moving average of closed sales is down 7% Countywide from a year ago. The number of active listings in Kingston (42) is down 37% from a year ago - very low. The inventory turnover (total homes on the market divided by number sold last month) is 10.5 months, slower than the 6.3 month turnover reported last month but somewhat better than the 11.2 month turnover of a year ago. Kingston is still a buyer's market.
  

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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 $150,000 at the end of February, 11% lower than a year ago and about 15% higher than last month. The more stable 3 month moving average median price ($147,833) was about 2% lower than a year ago and less than 1% lower than last month.  The Kitsap County 3 month moving average median price is about 1% higher than it was a year ago.  Bremerton's 3 month moving average for number of closed sales is 19% lower than a year ago and 20% lower than last month. The 3 month moving average of closed sales is down 7% Countywide from a year ago.  The 3 month moving average number of Bremerton pending sales is down 28% from last year. The number of Bremerton active listings (111) is 29% lower than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 7.4 months, much faster than the 12 month turnover last month and but better than the 9.2 month turnover a year ago. The Bremerton market is a buyer’s market.
  

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Bainbridge Island residential properties were selling for a February median price of $505,625, about 12% higher than in January and 24% lower than a year ago. The more stable three month moving average closed sale price fell less than 1% from last month to $503,375 and is 12% lower than a year ago.  The Kitsap County 3 month moving average median price is about 1% higher than it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is 6% higher than a year ago. The 3 month moving average of closed sales is down 7% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in February was up 4% from a year ago. The number of active listings on Bainbridge (160) fell 2% from January and is about 11% lower than a year ago.  The inventory turnover (total homes on the market divided by number sold last month) is 11.4 months, a little slower than the 10.9 months in January but a little faster than the 13.9 months of a year ago. Bainbridge Island is a buyer’s market.

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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 January median sales price for Poulsbo was $327,000, up about 14% from a year ago and up about 13% from last month. The more stable three month moving average closed sale price was $277,109, about 8% higher than a year ago.  The Kitsap County 3 month moving average median price is about the same as it was a year ago.  The 3 month moving average number of closed sales in Poulsbo fell 20% from a year ago. The 3 month moving average of closed sales is down 18% Countywide from a year ago.  Poulsbo’s 3 month moving average of pending sales rose 23% from a year ago. The Poulsbo listing inventory (118) is 48% higher than a year ago. Unlike most areas - inventory has been building in Poulsbo. The inventory turnover (total homes on the market divided by number sold last month) slowed to 13.1 months compared to the 6.4  months reported last month, and also slower than the 6.2 months reported a year ago. Poulsbo is a buyer’s market.

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Statistics here are for Kingston, the largest of the remaining housing markets in North Kitsap. Activity in Kingston should be representative of the other nearby communities. Kingston homes were selling for a month end median price of about $228,500 at the end of January, 36% lower than a year ago but 3% higher than last month. Because of the relatively lower sales volume in Kingston, a couple high priced sales (or lack thereof) can make a big change in the statistics but may not mean much of change in the market. The more stable 3 month moving average ($222,217) of closed sale price is 35% lower than a year ago.  With very low inventory and few sales, the fall in median price tells more that only low priced homes are selling rather than that prices across the board have fallen that far. The Kitsap County 3 month moving average median price is about the same as it was a year ago. The 3 month moving average of Kingston closed sales fell 30% from a year ago, while the number of pending sales rose 50% from a year ago (from 4 to 6, just to keep in mind the low sales volume in North Kitsap). The 3 month moving average of closed sales is down 18% Countywide from a year ago. The number of active listings in Kingston (38) is down 36% from a year ago - very low. The inventory turnover (total homes on the market divided by number sold last month) is 6.3 months, about the same as the 6.2 month turnover reported last month and much better than the 14.8 month turnover of a year ago (2 more sales but also far fewer listings to sell) . Kingston is still a buyer's market.

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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 $130,000 at the end of January, less than 1% higher than a year ago and about 21% lower than last month. The more stable 3 month moving average median price ($148,650) was less than 1% lower than a year ago and 6% lower than last month.  The Kitsap County 3 month moving average median price is about the same as it was a year ago.   Bremerton's 3 month moving average for number of closed sales is 15% lower than a year ago and 12% lower than last month. The 3 month moving average of closed sales is down 18% Countywide from a year ago.  The 3 month moving average number of Bremerton pending sales is down 24% from last year. The number of Bremerton active listings (108) is 28% lower than a year ago. The inventory turnover (total Bremerton homes on the market divided by number sold last month) is 12 months, only half as fast as the 6 month turnover last month and but better than the 15 month turnover a year ago. The Bremerton market is a buyer’s market.

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Homes in Silverdale were selling for a January median price of about $270,000, a big jump to 41% higher than a year ago. Silverdale's more stable 3 month moving average median closed sale price was $261,667, less than a percent higher than both last month and a year ago.  The Kitsap County 3 month moving average median price is about the same as it was a year ago. The 3 month moving average for Silverdale's number of closed sales was down 15% from a year ago. The 3 month moving average of closed sales is down 18% Countywide from a year ago. The 3 month moving average of Silverdale pending sales in January fell 9% from a year ago. The number of active listings in Silverdale (92) is 42% higher than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.4 months,  faster than the 11.3 months reported last month and slower than the 7.2 month turnover of a year ago. Silverdale is  a buyer's market.

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Bainbridge Island residential properties were selling for a January median price of $450,000, about 19% lower than in December and 19% lower than a year ago. The more stable three month moving average closed sale price fell about 2% from last month to $504,292 and is 2% lower than a year ago.  The Kitsap County 3 month moving average median price is about the same as it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is 10% lower than a year ago. The 3 month moving average of closed sales is down 18% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in January was unchanged from a year ago. The number of active listings on Bainbridge (163) rose 4.5% from December and is about 2% lower than a year ago.  The inventory turnover (total homes on the market divided by number sold last month) is 10.9 months, slower than the 6 months in December and slower than the 10.4 months of a year ago. Bainbridge Island is a buyer’s market.

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