The number of homes sold in Poulsbo (including Lofall, Vinland, Breidablik, Scandia) was up compared with February data, but the average asking, listing and sold prices were down. I think the data will show significant increases for the month of April as Poulsbo and all of North Kitsap has been experiencing a significantly strengthening market across all price segments in the last month.
There are currently 87 Pending home sales in the Poulsbo area, with 43 having been under contract for more than 30 days. This should translate into near record monthly home sales numbers for the next two months compared with monthly sales for the past two or more years. Watch for the April data from us sometime during the first week of May.
As brokers working with a variety of Buyers and Sellers, we are seeing some properties receive multiple offers and even at prices above the asking price. Motivated buyers are even waiving their finance contingency in order to out-compete other offers. As the inventory of available homes has declined, whenever a compelling property is offered for sale at a compelling price we are seeing Buyers act quickly and decisively. This is occurring across the price spectrum, but particularly with waterfront and view properties. There is pent-up demand and as the market continues to improve, increasing numbers of buyers are coming to the decision that now is a great time to buy. Interest rates are still near historic lows and the home price affordability index is at the best levels we’ve seen in years. Opportunity is knocking, if you have been waiting for the right time to buy your dream home or property, now is one of the best times we’ve seen in years for you to make your move.
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–Brian Wilson, Broker
John L. Scott Real Estate
19723 10th Ave NE; Suite 200
Poulsbo, WA 98370