During the month of March there were 65 homes that sold in Bremerton. [zip codes: 98310, 98311, 98312, 98314, 98337]. Of these 65 homes 26 were Bank Owned Properties and 4 were Short Sale Properties. Roughly 1/3 of the market is still distressed properties. Until these properties diminish pricing will be effected. These Bremerton homes actually had a transfer of home ownership. Contracts complete and Lender funds available. The home buyer and seller signed all of their documents and escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Bremerton Washington.
Let’s look at those 65 Bremerton homes – Looks like once the homes were at the right price the offers were very close to asking price.
Bremerton March Homes Sold 2012
|Total number of Homes Sold||65|
|Median Original List Price||$199,900|
|Median List Price||$179,000|
|Median Selling Price||$173,500|
|Cumulative days on Market||106|
|Days on Market||72|
Here is a great chart to compare the sold properties by Month over the last year. Gives us a good look at the year that was 2011. The summer selling market did take place along with a couple of months that had usual spikes. I do believe that if you are a seller and would like to sell you must list early in the year to garner the best possible price. Here we go – 3 straight months of home selling increase.
Here you see there is a start to a strong spring market.
Inventory though down is trying to keep up with demand.
Not a bad time to purchase a home in Bremerton, Washington. Prices are down, interest rates are at an all time low you might want to look at what it means to you.
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.
If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me here at Homefront Realty via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
“Statistics not compiled or published by NWMLS.” ”Equal Opportunity Housing All information deemed reliable, but not guaranteed”