
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 79 percent of the average list price for all listings in NK, 72 percent for SEJ and 56 percent for BI. For just those properties that sold in NK, the average selling price was 99 percent of the asking price at the time it was sold. For SEJ it was 96 percent and for BI it was 98 percent. The market time for all homes on the market is climbing for all three markets, typical for this time of year.
The graphs show that NK average selling prices continue to hover at levels last seen in 2005, with some relatively sharp swings around those levels. The NK average selling prices are currently trending downward slightly. In SEJ, the average selling prices had declined to levels last seen in 2004 and have begun to move back up. They are still below early 2005 levels. BI average selling prices continue a downward trend, and are now at levels last seen in 2004.
The sales rate in SEJ was up fairly significantly over the same period last year. For NK it was similar to last year and for BI it was up slightly. Sales in October were up compared to September in SEJ and NK. They were unchanged for BI.