Looking for hotspots in the Kitsap real estate market

blog.blueskyKitsap’s real estate market remains in something of a holding pattern.

Median prices remain essentially unchanged from 2013. Active listings, pending sales and closed sales were all down slightly in May from a year ago, though sales are still higher overall this year.

“It’s a stable market place, with stable growth,” said Mike Eliason, with the Kitsap County Association of Realtors, adding that Kitsap’s market trends typically trail Seattle’s by a year or two.

In a news release from Northwest Multiple Listing Service announcing the May statistics, Poulsbo broker and NWMLS director Frank Wilson warned against looking at Kitsap numbers in their totality. The full picture is gained only by examining subsections of the market.

“Using a countywide statistic in this market is much like judging a book by its cover – you shouldn’t,” he said. “Each part of Kitsap is its own chapter with a story to tell.”

With that in mind, we’ll take a spin through the Kitsap real estate market and see where there’s movement, and where there’s not:

 

3 thoughts on “Looking for hotspots in the Kitsap real estate market

  1. I’m not sure who coordinated the data for median prices, but to lump Manchester and Retsil together makes absolutely no sense. Retsil is much closer physically to Port Orchard than it is to Manchester, and actually borders the city limits. Manchester is 5 to 7 miles away depending on which route you take to get there. They are miles apart not only in terms of distance, but in the type, size, and age of housing as well. Both should be either be stand alone categories, or Retsil should be combined with Port Orchard and/or Annapolis.

  2. Hi Lary, Manchester and Retsil are paired in the NWMLS data. Not sure what their logic is, but I can ask. Thanks for the input.

  3. The terrible idea that our Community Development Director had to make the biggest slumlord in Manette a key player in zoning changes a few years back, has cost every E BRemerton homeowner. Now take a look at the prices his dumps are selling for in Manette (Scott Ave and Pitt Ave south of 14th/north of 11th). Ms Spencer, by calling this an Urban Growth Center (even though population is still dropping) and not performing any code enforcement on these blocks, has caused our sq foot prices down 35% in one year! Poor decisions by staff with no skin in the game has cost our family at least $100,000.

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