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Windermere Real Estate/West Sound, Inc.

Q2 2018 Gardner Report

Posted on August 3, 2018

The Q2 2018 edition of the Gardner Report is available. The link below will take you to a blog post written by Matthew Gardner, Windermereís chief economist. It includes detailed statistics and analysis regarding the Puget Sound real estate market broken down by county. It shows that unit sales volume is down in most Washington counties and prices are up in all of them, reflecting the tight inventory.

 

https://www.windermere.com/blogs/windermere/categories/western-washington-real-estate-market-update/posts/western-washington-real-estate-market-update--15


Census Data

Posted on August 3, 2018

I recently came across a tabulation of census data for Kitsap and Jefferson Counties. I find it interesting to know how our counties compare to the rest of the country in things like income and housing costs.

 

One statistic I find especially interesting is that, while both counties are thought of as rural, as of 2010 Kitsap County had a population density of 635 people per square mile (people/sq. mi.) compared to Jefferson County which had only 16.6 people/sq. mi. Two counties that are usually thought as primarily urban, Snohomish and Pierce counties, had densities of 341 people/sq. mi. and 476 people/sq. mi. respectively.  The national average is 87 people/sq. mi.

 

To learn more fun facts to know, click on the two links below to go to the Census Bureauís web site.
 
Kitsap County:

 

https://www.census.gov/quickfacts/fact/table/kitsapcountywashington,US/PST045217

 

 
Jefferson County: 
 

https://www.census.gov/quickfacts/fact/table/jeffersoncountywashington,US/PST045217


August 2018 West Sound Real Estate Graphs

Posted on August 3, 2018

Graphs

The graphs reached through the link below show the average market time, average list price and average selling price and cumulative days on the market for homes over the past several years for North Kitsap County (NK), East Jefferson County (EJ) and Bainbridge Island (BI). The graphs have a new look and cover a longer time period than the past versions. Iíve also included graphs for waterfront homes only.

The average home selling prices in NK and SEJ are on an upward trend. The average prices have begun a modest downward adjustment in BI.

To view the graphs for all homes, click on the link below.

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

To view the graphs for only waterfront homes, click on the link below.


August 2018 West Sound Real Estate Data

Posted on August 3, 2018

Statistics

The statistics tracked have changed to emphasize variations in market conditions over several time periods, showing the percentage change from the previous quarter, the same quarter one year ago and the same quarter 15 years ago.

 

Bainbridge Island

 

Current vs. Previous Qtr: Average Active Price -4.6% | Average Sold Price -8%

Current vs. Same Qtr 1 Year Ago: Average Active Price +0.6% | Average Sold Price +0.7%

Current vs. Same Qtr 15 Years Ago: Average Active Price +96.6% | Average Sold Price +108.6%

Current vs. Previous Qtr: Average DOM* -58.7% | Sold/Original List Price Difference %+ 4.2%

Current vs. Same Qtr 1 Year Ago: Average DOM* -39.5% | Sold/Original List Price Difference % +2%

Current vs. Same Qtr 15 Years Ago: Average DOM* N/A | Sold/Original List Price Difference % +4.2%

 

 

North Kitsap

 

Current vs. Previous Qtr: Average Active Price +0.8% | Average Sold Price +5%

Current vs. Same Qtr 1 Year Ago: Average Active Price +0.2% | Average Sold Price +8.4%

Current vs. Same Qtr 15 Years Ago: Average Active Price +87.3% | Average Sold Price +88.5%

Current vs. Previous Qtr: Average DOM* -27.9% | Sold/Original List Price Difference % +1%

Current vs. Same Qtr 1 Year Ago: Average DOM* -29.5% | Sold/Original List Price Difference % +2%

Current vs. Same Qtr 15 Years Ago: Average DOM* N/A | Sold/Original List Price Difference % +2%

 

East Jefferson

Current vs. Previous Qtr: Average Active Price +6.7% | Average Sold Price +4.1%

Current vs. Same Qtr 1 Year Ago: Average Active Price +14.1% | Average Sold Price +4.1%

Current vs. Same Qtr 15 Years Ago: Average Active Price +82.2% | Average Sold Price +85.7%

Current vs. Previous Qtr: Average DOM* -35.6% | Sold/Original List Price Difference % 0%

Current vs. Same Qtr 1 Year Ago: Average DOM* -16.5% | Sold/Original List Price Difference % 0%

Current vs. Same Qtr 15 Years Ago: Average DOM* N/A | Sold/Original List Price Difference % +2.1%


*DOM = Days on Market

June 18 West Sound Real Estate Graphs

Posted on June 2, 2018

Graphs

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 increased to 76 percent. This same statistic decreased significantly to a more typical 70 percent for SEJ and increased significantly to 84 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. In our current market, it is becoming more common for the selling price to exceed the asking price. 

The average home selling prices in NK continued upward after a seasonal downward adjustment. The average prices have leveled off in SEJ and continued upward in BI. 

To view the graphs, click on the link below.

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

June 18 West Sound Real Estate Data

Posted on June 2, 2018

Statistics

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

 

20-May-18

Change From Same Week One Year Ago

Total Active Listings

87

-28.1%

Average List Price

$1,287

21.4%

Average Market Days (Sold)

48

-4.0%

Average Market Days (Active)

42

-51.7%

Number of Pending New Sales

2

0.0%

Average Sales Price (Closed)

$1,082

29.3%

 

 

 


North Kitsap

 

20-May-18

Change From Same Week One Year Ago

Total Active Listings

111

-22.4%

Average List Price

$588

-0.8%

Average Market Days (Sold)

44

-8.3%

Average Market Days (Active)

67

0.0%

Number of Pending New Sales

9

-30.8%

Average Sales Price (Closed)

$444

24.0%

 

 

 



South East Jefferson


             

20-May-18


Change From Same Week One Year Ago

Total Active Listings

161

-30.6%

Average List Price

$554

14.9%

Average Market Days (Sold)

86

-1.1%

Average Market Days (Active)

179

20.1%

Number of Pending New Sales

11

10.0%

Average Sales Price (Closed)

$387

4.6%

 

 

 

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December 17 West Sound Real Estate Graphs - Posted on December 1, 2017
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Assessed Value vs Market Value - Posted on November 28, 2017
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