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Kingston, Hansville and Port Gamble Real Estate Prices, Sales and Trends November 2012

Kingston, Hansville and Port Gamble Real Estate Trends and Prices November 2012

Kingston, Hansville and Port Gamble Real Estate Trends and Prices November 2012

The number of homes Sold in these combined areas for November dropped below the running average for the last 6 months but were in line with seasonal sales expectations.   Prices however; saw huge jumps from October levels for each of the categories tracked: The Average initial asking prices for those that Sold were up over 50%.  The average price at which an offer was accepted and the average actual selling prices were up ~ 47% and 48%  respectively, and the median selling price was up 45%!   So while the number of homes that Sold were down compared with October and compared with the running 6 month average, the prices for those that did Sell were up significantly indicating sales oriented toward the higher end of the market dominated for November.   Further, there was a marked decreased in the number of distressed properties sold.

Here’s the actual data which is also shown on the graph:
The average selling price for November was $414,546, which is $135,241 more than October! Further, the median selling price of $394,750 was up $122,400 from the October median sales price!

Distressed property sales during October only accounted for 1 of the 12 properties sold (8%)! This is a great improvement from the 25% percent for October and November of 2011.

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By Briana Wilson
Reviewed by Brian Wilson, Broker

 

 

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