Here is a revealing chart for Single Family Residential Sales in Kitsap County

Note: In the event you got to this article from an older link, here is a link to the newest data for this category of monthly home sales in Kitsap County

This chart shows monthly sales data for all Single Family Residential Sales in Kitsap County during the past 18 months. I created this chart with data from the NWMLS.  The line graph shows total closed sales for each month, while the curved line is a 6th deg. polynomial smoothing the sales trends.  For the current month of March it appears the numbers are improving from the previous month.

The Avg. Original Price is the inital asking price when properties are first put on the maarket. The Avg. List Price, is the price at which an offer was received, and the Avg. Selling Price is just that.  What this clearly shows, is that initial asking prices are still on average, too high requiring price reductions in order to attract offers.  The differential between the last List price where an offer was received and the Final Selling price is a much tighter range, with that differential being on average about 96.3% of the price at which offers were received.

About admin

Presently I'm a full time Real Estate Broker with John L. Scott Real Estate in Poulsbo, WA. In Kitsap County, our team of two earned one of only four "Presidents Elite" awards for Sales in 2010! I received my degee in Electrical Engineering (BSEE) from the University of Washington in 1999 and then worked as a Sr. System Engineer for Cerner Corp. in Kansas City, MO. I worked on IBM/AIX Servers running Oracle Databases, and MS Windows workstations on the client side installing, updating, and educating clients in the Hospital & Healthcare industries. Previous to all this, I co-founded 2 electronics companies which designed and manufactured a variety of electronic products including test equipment for Volve Penta and Volvo Cars of N. America, Marine Sonar equipment and fish finders, and then our own unique non-intrusive unltrasonic tank fluid monitoring system, which found applications in diverse industries including: cosmetics, nuclear, food, chemicals and semi-conductor processing. In these ventures my positions varied from product design, product development management, and marketing. If you haven't see the new Real Estate Site, for my partner Jana Salmans and I, please visit: Thank You for visiting, please come back often. -Brian Wilson (admin)
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