Below are some market statistics for the Bremerton area for the month of January 2013. These homes all have Bremerton listed as their city in their physical address. Currently as of February 8th there are 346 homes available for sale in the Bremerton area of Kitsap County. During the month of January 103 new listings became active in the NWMLS data base. There were 104 homes that received offers and the seller and buyer came to terms and those homes are now pending inspection pending back up, pending short sale or PENDING and headed to closing. During January 52 homes that had been listed as pending closed and the change of ownership was recorded at the Kitsap County Courthouse.
Let’s look at those 52 Bremerton homes
Bremerton WA January Homes Sold 2012
|Total number of Homes Sold||52|
|Median List Price||$174,450|
|Median Selling Price||$173,200|
|DOM=Days on Market Median:||61|
|Average List Price||$180,966|
|Average Selling Price||$176,600|
|DOM=Days on Market Average:||97|
|Homes Sold 2012 – 42||difference of 10 or 23.81% INCREASE in homes sold|
|Median Sold Price 2012 – $142,600||difference of $30,600. or a 21.459 % INCREASE|
How many months of inventory is this? If you take the total number of active listings and divide by the number of homes pending as an average over the past month there would be just under almost just over 3.5 months for the Bremerton area. This is the calculation process used by the NWMLS when they release data to the public. This number of just over 3.5 months would indicate between a seller’s market and a normal market.
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 Bremerton area please give me a call or contact me 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.