Eye on the N. Kitsap Real Estate Market

(For the most recent distressed property data, go here
for the most recent Kitsap County home sales and selling prices go here)

Currently as of Today, Sept 8, 2011 there are 330 resale properties that are “Sale Pending” (under contract) in North Kitsap¬†County.¬† 106 of the 330 are distressed¬†properties (Bank Owned & Short Sales)¬†which is 32.1% of the total.¬†¬† ¬†66/106 are Bank Owned (REO’s) from foreclosure and 40/106 are Short Sales, which are comprising an increasing percentage of the distressed properties being Sold, as lenders appear to increasingly be favoring Short Sales as opposed to going through the foreclosure process.

This continues the relatively consistent trend during the past nearly 2 years, where distressed property sales have comprised between 30 – 39% of the total Sold properties in all of Kitsap¬†County.¬†¬† Starting about 3 or 4 months¬†ago, we started seeing between 30 – 50% of the “Sold” distressed properties being comprised of Short Sales, where previously Short Sales consistently comprised only about 25% of the total number of distressed properties being Sold County-wide.

-Brian Wilson, Broker
John L. Scott Real Estate – Poulsbo

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: http://www.JanaAndBrian.com Thank You for visiting, please come back often. -Brian Wilson (admin)
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