{"id":1632,"date":"2013-03-24T02:09:38","date_gmt":"2013-03-24T09:09:38","guid":{"rendered":"https:\/\/mykitsaprealestate.net\/wordpress\/?p=1632"},"modified":"2013-04-30T22:40:11","modified_gmt":"2013-05-01T05:40:11","slug":"kingston-port-gamble-hansville-real-estate-trends-home-sales-february-2013","status":"publish","type":"post","link":"https:\/\/mykitsaprealestate.net\/wordpress\/2013\/03\/24\/kingston-port-gamble-hansville-real-estate-trends-home-sales-february-2013\/","title":{"rendered":"Kingston, Port Gamble & Hansville Real Estate Trends & Home Sales February 2013"},"content":{"rendered":"
\"Kingston,<\/a>

Kingston, Port Gamble & Hansville February 2013 & 18 Months Prior<\/p><\/div>\n

The number of Homes Sold<\/strong> in the combined area of Kingston, Port Gamble & Hansville for February 2013 was 11<\/strong>, which is an increase from the 8 Homes sold in January.<\/p>\n

Both the Average and Median Selling prices declined in these areas during February.<\/strong>\u00a0 The average selling price of homes dropped about $20,000 from the January level to $267,518, while t<\/strong>he Median Selling Price for February was $225,000<\/strong>, about $13K less than in January.\u00a0 These declines can likely be attributed to the increase in distressed properties sold during February, <\/strong>which was just over 45% of all homes sold in this area,<\/strong> a 20% increase from January 2013<\/strong> and nearing the high levels since we’ve tracked the data.\u00a0 Most of these distressed properties were Short Sales<\/strong>, where the owner sells the home for less than what they owe the lender.\u00a0 When distressed properties comprise a larger percentage of sales for any given period, we typically see the Average & Median selling prices decline<\/strong> <\/em>during that same period.<\/p>\n

On a good note, an increase from 8 home sales in January to 11 homes sold in February means this area (like virtually all others in Kitsap County) has happily entered the spring real estate market emerging from only a short Winter slowdown.\u00a0 Home owners who are thinking of selling should take advantage of this Spring season, during which the economics are now favoring Sellers.<\/p>\n

All indications point to a very strong Spring Market, with increasing numbers of Buyers and a decreasing number of homes available for sale.\u00a0 This classic Supply\/Demand situation will favor Sellers and if it continues for a few months, we should see some significant home price increases, however; if you need to sell, don’t wait, talk to us about listing your home in time to catch this market upswing.<\/strong><\/em><\/p>\n

Thank You for visiting our Blog. Be sure to subscribe to our RSS feed <\/span><\/a><\/span>to receive the most up-to-date discussions and market information and we invite you to leave us your comments below.<\/p>\n

By Briana Wilson
\nReviewed by Brian Wilson, Broker<\/a><\/p>\n

\"jls_logo_trans_200x60\"<\/a><\/p>\n

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19723 10th Ave NE; Suite 200
\nPoulsbo, WA 98370<\/p>\n","protected":false},"excerpt":{"rendered":"

The number of Homes Sold in the combined area of Kingston, Port Gamble & Hansville for February 2013 was 11, which is an increase from the 8 Homes sold in January. Both the Average and Median Selling prices declined in … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[290],"tags":[297,308,310,309,296,298,251,299,257],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/1632"}],"collection":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/comments?post=1632"}],"version-history":[{"count":3,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/1632\/revisions"}],"predecessor-version":[{"id":1666,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/1632\/revisions\/1666"}],"wp:attachment":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/media?parent=1632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/categories?post=1632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/tags?post=1632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}