Kitsap Real Estate Blog

The much beloved Natural Health Food Store has moved to the Westbay Center in downtown Port Orchard. For the past 27 years owner Patricia Anderson has helped thousands of South Kitsap residents with education and products to improve their health through good eating habits. The new store location is 1341 Bay Street, Suite A and [...]

Year to year comparisons of home sales in Kitsap County continue to broadcast bad news. The NWMLS statistics report for October 2008 indicate a significant drop in volume of residential sales from 2,836 units sold (10/2007 YTD) to 2,148 (10/2008 YTD), a 24%+ decline. This is what I call a deep background picture. But how [...]

Kitsap Commercial Industrial Real Estate Announcement First Building In Phase One Development Scheduled For Completion SFI Holdings LLC announces the opening of the first building of phase 1 of their 80 acre Gig Harbor North Airport Industrial Park located adjacent to the Port Orchard Airstrip, a private airfield located at 12300 Sidney Road in Port [...]

I have teamed up with a team of family practice doctors to develop a new complex of five adult family homes on a site two blocks north of the main entrance to Harrison Hospital. We are still in the preliminary planning stages with Miles Yanick, internationally known architect from Poulsbo, WA. The complex will consist [...]

The news about Fannie Mae and Freddie Mac will definitely mean more bad news for home values everywhere, including Kitsap County home values. Fannie and Freddie are the two largest holders of US home mortgages. They are public stock companies chartered by the federal government to provide liquidity for home loans. They purchase home loans [...]

National Prices Still On The Downslide. Have a look at what’s happening in national markets housing markets. Housing Prices Down by 0.6% in April 2008 Tags: housingprices, real estate markets

It’s a buyer’s market for housing, no doubt about it. Cash is king but you need to have the cash in order to sit on the throne…or do you? You have probably heard a lot about the mess in the mortgage markets. By my unofficial count banks, mortgage companies and investment bankers have announced over [...]

Bad real estate news (for owners and sellers) continues to pour in from markets around the country. In San Diego, home builders are auctioning off tracts of new homes at 50% of their retail price. In Detroit auctioneers hold auctions…and nobody shows up! With the implosion of the American automobile industry Michigan is losing population. [...]

You Can Make Money in Real Estate – ABC News The national news continues to be bad for many US housing markets…but not the Seattle area. ABC News and Forbes magazine have identified the greater Seattle area as one of the top ten markets likely to continue to experience hosuing valuation appreciation. Why? According to [...]

Building Owners Call for Swifter Action on Downtown PO Plan – Kitsap Sun (Subscription) It’s getting hotter in the downtown Port Orchard real estate community. A large number of downtown properties have changed hands, raising expectations to a fever pitch. Some of the longer term owners are taking measures to speed up the process. A [...]