Kitsap Real Estate Blog

According to the June, 2010 Kitsap Market Statistical Summary there were 1,297 closed sales of existing homes for the year ending 6/30/2010. In a separate study I discovered that a total of 708 of those closings were classified as bank owned properties or required third party approval (aka short sales). Let’s do the arithmetic. That is 708 divided by 1,297 or 55% of all sales were closed by these highly motivated sellers.

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. [...]

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 [...]

Housing market still shows signs of slowing – TheNewsTribune.com (subscription) Housing market still shows signs of slowing TheNewsTribune.com (subscription),?WA?- May 8, 2007 By contrast, year-over-year prices increased by 8 percent in King County, by 6.6 percent in Thurston County and by 10 percent in Kitsap County. … Is it a buyer’s market or a seller’s [...]

The issue of building heights in downtown Port Orchard is hot…for uphill residents, merchants and the new property owners who have recently purchased big chunks of downtown. The new owners need to work with the city council and the residents to hammer out rules that will allow the needed re-development of the downtown into a [...]

New Homes In Port Orchard – Market Report New homes in Port Orchard are perhaps the most exciting opportunity for first time and move up buyers throughout the entire Puget Sound region. Port Orchard real estate also known as South Kitsap real estate will likely be the focus for a number of major regional and [...]