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Home sales and prices in Kitsap County through October 2011

{Note: In the event you got to this article from an older link, here is a link to the newest data for this category of monthly home sales in Kitsap County}

The following graph shows the monthly total home sales and prices through October 2011 and includes 18 months of data.

Home sales & prices in Kitsap County through October 2011

Home sales & prices in Kitsap County through October 2011

The prices are averages, and include the original asking price, the price at which an offer was received and the actual selling price.

October was a good month for total sales with 50% being closed in the last week of the month.  I guess that’s why it seemed so busy in the last week of the month, it was!  Sales were also significantly higher than the same period a year ago.  Comparing number of homes sold, October 2011 was 50% above the October 2010 levels!  The average selling price, however; declined by 3.7% compared to the same period a year ago.

Total monthly sales were nearly 20% higher for October than the previous month, but the number of distressed properties sold increased toward their higher running average, comprising 34% of total sales.

-Brian Wilson, Broker
John L. Scott Real Estate – Poulsbo

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