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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
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December 10 West Sound Market Graphs
Posted on January 7, 2011
The graphs reached through the link below show the average market time, average list price and average sales 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 was 76 percent of the average list price for all listings in NK and SEJ, and 64 percent for BI. These figures are down from historic levels. For just those properties that sold, the selling price was between 94 and 97 percent of the asking price at the time it was sold.
The graphs show that since early 2009, average selling prices have been hovering at levels last seen in 2005, with some relatively sharp swings around those levels. The article above "What Can We Expect in 2011?" gives more details regarding recent selling price trends and likely future trends. As is typical for this time of year, the average market time is beginning to rise, and the inventory level is going down in all three areas.
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