There were 17 homes sold during April in the combined areas of Hansville, Kingston and Port Gamble which was only 1 home less than were sold during March. Prices however had a major turn to the upside, with the Median selling price during April jumping from about $216,000 the previous month to $310,000 (+ 44%) . Average selling prices also rose substantially from just over $255,000 the previous month to nearly $317,000 (+24%).
Looking ahead to the data for the month of May, it appears that home sales in these areas are brisk and increasing. In fact the data projects that we will be very close to setting a new high for the number of homes Sold going back more than 18 months. It also appears that the Median selling price will moderate a bit lower and my projection shows it heading toward about $260K for May. The average Selling price appears to be holding firm or perhaps increasing a bit as there are a couple of high priced homes that may close in may which would keep the average selling prices at about the level seen during April.
Stay tuned and come back next month and we’ll have the actual data for May and then we’ll see how close my projections were.
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