Did US News & World Report get it right? Bremerton/Silverdale area predicted number one (1) on the Top 10 Housing Markets in the next 10 years. The news article was released in June of 2009 and KCPQ reported it locally in September of 2009. I was browsing some old articles I had written and came across this one. I thought, so what has happened? Is the Bremerton/Silverdale area on the rebound? In 2009 the median home sold price was $212,500. The US News article projected a 5.22% increase in home prices over the next 10 years. That 5.22% increase is even a little depressing from what the area was use to during the “bubble years”. So I pulled some data together, below are the median home sold prices for the years 2010, 2011, 2012 and 2013 year to date.
2010 – – – $214,000
2011 – – – $198,000
2012 – – – $190,000
2013 – – – $200,000 (year to date)
So far in the 3.5 years since the prediction the area is at a 5.882 % decrease. There are still about 6 years left of the prediction- will be fun to watch as we plug along. So far its anyone’s guess.