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Windermere Real Estate/West Sound, Inc.
Wayne Paulson | Poulsbo: 360-598-5291 | Port Ludlow: 360-437-9508 | Bainbridge Island: 206-780-1500 | wpaulson@windermere.com

December 17 West Sound Real Estate Graphs

Posted on December 1, 2017

The graphs reached through the link below show the average market time, average list price and average selling price for homes over the past several years for North Kitsap County (NK), Southeast Jefferson County (SEJ) and Bainbridge Island (BI). 

At the time these graphs were created, the average sales price as a percentage of the average list price for active listings in NK remained decreased to 72 percent. This same statistic increased to 75 percent for SEJ and dropped sharply to 70 percent for BI. For just those properties that sold, the average selling price as a percentage of the asking price at the time that property was sold is usually over 95 percent. 

The average home selling prices in NK continued a modest downward adjustment, continued upward in SEJ and began a slight downward adjustment in BI. 

To view the graphs, click on the link below.

http://bigwaterproperties.com/index.cfm?fuseaction=page&page=14270

December 17 West Sound Real Estate Data

Posted on December 1, 2017

The percentages of change can give a good indication of the direction the market is moving, but donít put too much emphasis on the actual numbers and specific percentages of change since most are comparing snapshots in time that will vary week to week.

 


Bainbridge Island

 

19-Nov-17

Change From Same Week One Year Ago

Total Active Listings

54

-25.0%

Average List Price

$1,371

-2.6%

Average Market Days (Sold)

40

17.6%

Average Market Days (Active)

111

-5.9%

Number of Pending New Sales

4

0.0%

Average Sales Price (Closed)

$961

9.3%

 

 

 


North Kitsap

 

19-Nov-17

Change From Same Week One Year Ago

Total Active Listings

105

-31.8%

Average List Price

$570

12.2%

Average Market Days (Sold)

34

-10.5%

Average Market Days (Active)

96

11.6%

Number of Pending New Sales

14

-12.5%

Average Sales Price (Closed)

$408

6.3%

 

 

 



South East Jefferson


             

19-Nov-17


Change From Same Week One Year Ago

Total Active Listings

195

-19.1%

Average List Price

$521

4.0%

Average Market Days (Sold)

57

-26.9%

Average Market Days (Active)

158

22.5%

Number of Pending New Sales

22

83.3%

Average Sales Price (Closed)

$394

3.4%

Cyber Fraud in Real Estate

Posted on November 28, 2017

Earlier this year I attended a class on fraud schemes affecting the real estate industry. It made me and the other attendees realize the need for vigilance is becoming more and more critical. One scenario they presented involves a third party monitoring email streams to get specific data about a real estate transaction. Then at the last minute they send bogus instructions to the home buyer to wire their purchase funds to a different bank account than was originally planned, claiming that the original wiring destination is having a problem. Once the funds are sent to the bogus account, the thieves often have teams of people at cash machines pulling the money out as fast as possible. To guard against this scam, it is important for a participant in a real estate transaction to always confirm any change in funding information with a phone call to the other party. Email isnít sufficient since, if a fraud is under way, the email could be hijacked and the bogus destination confirmed by a fraudster posing as the person you are trying to communicate with.

Smaller scale internet fraud can happen in our day-to-day lives too, and we often feel it is too small to expect law enforcement organizations to follow up. However, one of the speakers at the class was an FBI agent. He introduced us to an FBI web site where one can report cyber crime.  The intent of the site is to gather information about a wide array incidents so that the FBI can identify patterns that may allow them to apprehend suspects or at least put them out of business. The web site lists the type of information they need about the incident for the FBI to be able to act on it. The web site is:

www.IC3.gov

Assessed Value vs Market Value

Posted on November 28, 2017

The current market value of a property and the countyís assessed value of that same property are almost always different. That makes clients commonly ask what the relationship is between the two. Kitsap County has produced a short video which clarifies that relationship in a way that is easy to understand. Click on the link below to view it.

https://vimeo.com/234500474

The Salish Sea

Posted on November 28, 2017

Although we live in the Puget Sound area, many of us donít realize the ecosystem (of which the Puget Sound is only a part) includes what we have long considered individual waterways, some that extend into Canada. In recognition of that fact, the name Salish Sea is now beginning to be used to include all of Puget Sound and as far north as you could go through the Strait of Georgia to the Gulf Islands and Desolation Sound in British Columbia and westward through the Strait of Juan De Fuca.

Local public radio station KNKX, 88.5 FM produced a series about the Salish Sea that included the background of how the name came to be broadly used and the issues facing the ecosystem. The link below takes you to a web site that includes highlights from the series.

http://salishseareturn.org/



Home Price Estimate Comparison

Posted on November 28, 2017

Windermere has added a powerful new feature to their web site. Homeowners can now compare statistically derived price estimates for their homes generated by three different companies, including Zillow, review maps and tables showing market activity around the Puget Sound, and see homes similar to theirs that have sold in their neighborhoods.

Click on the link below to try it out for your property. If you want to know more about what you see there, give me a call. If you click on the link on the page to be connected to an agent, you would end up working with someone else, and we wouldnít want that!

https://www.windermere.com/whatsmyhomeworth

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Forage Fish Spawning Sites - Posted on November 28, 2017
November 17 West Sound Real Estate Graphs - Posted on November 3, 2017
November 17 West Sound Real Estate Data - Posted on November 3, 2017
October 17 West Sound Real Estate Graphs - Posted on September 30, 2017
October 17 West Sound Real Estate Data - Posted on September 30, 2017
September 17 West Sound Real Estate Graphs - Posted on September 9, 2017
September 17 West Sound Real Estate Data - Posted on September 9, 2017
August 17 West Sound Real Estate Data - Posted on September 9, 2017
August 17 West Sound Real Estate Graphs - Posted on September 9, 2017
July 17 West Sound Real Estate Graphs - Posted on July 7, 2017
July 17 West Sound Real Estate Data - Posted on July 7, 2017
June 17 West Sound Real Estate Graphs - Posted on June 2, 2017
June 17 West Sound Real Estate Data - Posted on June 2, 2017
May 17 West Sound Real Estate Graphs - Posted on June 2, 2017
May 17 West Sound Real Estate Data - Posted on June 2, 2017
Q1 2017 Gardner Report - Posted on May 5, 2017
Shoreline Protection Measures - Posted on May 5, 2017
Who Knew? - Posted on May 5, 2017
 
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