Poulsbo Real Estate June 2010
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.
| Med price | 3mo price | 3 mo. Ave. closed sales | 3 mo. Ave. Pending Sales | Inventory Turnover (months) | |
|---|---|---|---|---|---|
| June 2010 | $359,500 | 320,529 | 15 | 17 | 6.4 |
| May 2010 | $290,087 | 307,362 | 28 | 18 | 5.7 |
| June 2009 | $290,000 | 317,333 | 16 | 26 | 5.3 |
