Kitsap Real Estate Blog

The private investors haven’t returned yet. In 2009 and through the present in 2010 the GSEs purchased more than 90% of loans purchased and Moody’s noted since Q307, the Fannie and Freddie reported seven consecutive quarterly losses totaling $86.9Billion and $63.7Billion, respectively. So what, you ask, for Kitsap real estate?

The five properties that we had on the tour were chosen because our poll of area real estate agents had indicated that they were special values based upon their listing price. And guess what? Every one of those properties has gone under contract.

Jim Freeman, associate broker at Coldwell Banker Park Shore announced on February 15, 2010 the listing of the 144 acre Hansville Nursery land for sale. Also known as the Old Homestead Plat the owner, Olympic Property Group LLC, a subsidiary of Pope Resources Group, has operated the land as a Douglas Fir tree nursery for more than 20 years. Recent price and volume declines in the lumber industry forced a decision to shutter the nursery operation in 2009 and put the property on the market.