Poulsbo Real Estate Market November 2009
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 November median sales price for Poulsbo was $291,378, down about 14% from a year ago. The more stable three month moving average closed sale price was $298,293, about 10% lower than in November 2008. The Kitsap County 3 month moving average median price has fallen 4% over the past year. The 3 month moving average number of closed sales in Poulsbo rose 18% from a year ago. The number of closed sales is up 22% Countywide from a year ago. November pending sales were up 11% from a year ago in Poulsbo. Recall this number includes pending short sales and new construction that may not close soon. The Poulsbo listing inventory (84) is 45% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 4.2 months, a little worse than the 3.9 months reported last month. Poulsbo’s market has been humming along for the past several months, but it is probably still a buyers market because of the shadow inventory of homes pulled off the market in the past year without selling.
| Median Price | 3 mo Ave Price | 3 mo ave Closed Sales | 3 mo ave Pending Sales | Inventory Turnover (months) | |
| Nov 2009 | $291,378 | 298,293 | 20 | 20 | 4.2 |
| Oct 2009 | $302,500 | 298,500 | 22 | 26 | 3.9 |
|
Nov 2008 |
$340,000 | 331,967 | 17 | 18 | 11.8 |
