The Poulsbo Real Estate Market held steady from January to February 2013, with only a slight decrease in the number of Homes Sold from 22 to 21, but had nearly the same Median Selling Price of $310,464 and a $14K increase in the Average Selling Price to $292,997.
The previous month had an average selling price of $278,113 and a median selling price of $310,000, so as you can see the Median data is extremely similar.
Distressed properties during February accounted for only 9.5% of Home Sales in Poulsbo. This is a very low percentage and a significantly lower number than in January when distressed sales (Short Sales & Bank Owned REO’s) comprised nearly 28% of the total number of homes sold. It is impressive to see on the graph, that even while the number of homes sold decreased during the normal seasonal slowdown, home prices have remained firm. As we emerge from the Winter slow-down and wake up to Spring, Poulsbo Real Estate is doing well, sales are increasing and prices are strengthening.
Here’s a real-time overview and a sneak peak at the Real Estate activity in Poulsbo for the month of March:
Current Total Active Single Family Residential Homes For Sale: 139
– 16 or approximately 12% are distressed
– The Median asking price is $309,850
– The Average days on market is: 134 (Median DOM: 74)
New Active Listings Month-to-date in March: 45
Pending & Sold Sales Month-to-date in March: 53
Homes For Sale that are New Construction (including pre-sales): 17
In Poulsbo we are currently experiencing a shortage of move-in ready homes available for sale priced below $240,000. When these properties do come onto the market, we see them go under contract very quickly. So if you are a Buyer looking in this range, you would improve your chances of being the successful buyer by letting us know in advance so we can keep a watch on the market for you in real time.
Looking ahead, there is a lot of new construction activity ramping up in Poulsbo from builders; with the majority being planned and built by Quadrant Homes, Highmark Homes, Capstone Homes & Phase II, LLC.
If you are considering a new home purchase, we would be pleased to assist you and work for you as your Buyer Broker guiding and advising you through the home purchase process.
If you have been waiting for the market to improve before listing your home for sale, we think all signs indicate that now is a great time to act and we would love to talk with you and provide you with a current market value (CMA) for your home. We’re friendly, so go ahead and give us a call.
Thank you for visiting our Blog. Let us know if you have any questions or would like additional information.
By Briana Wilson
Reviewed by Brian Wilson, Broker
19723 10th Ave NE; Suite 200
Poulsbo, WA 98370