Real Estate sales in Port Gamble, Hansville & Kingston followed the Kitsap County trend with large gains in the number of homes sold, the average selling price and the median selling price. During the month of October there were 20 homes sold in this combined area which was the second highest number going back more than 18 months. The average selling price increased from about $221,000 in September to over $279,000 in October; a gain of over 26%!. The median home price also increased significantly from just under $220,000, to over $272,000, a gain of over 23%!
There were the same number of distressed properties sold (5) during October as during September, however; with a higher number of homes being Sold, the percentage of properties that were distressed (REO, bank owned foreclosures and Short Sales) dropped to 25% of the total homes Sold.
It’s terrific to see both the average and median prices gaining significantly & comparably and while following a positive trend in the County as a whole the data shows these communities actually outperformed the County-wide trends.
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