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Wurden Team: Poulsbo Real Estate Market Update!
MONTHS SUPPLY OF INVENTORY:
You can easily see the downward trend we have been experiencing throughout Kitsap County since the Recession.
The Poulsbo Real Estate area currently has the lowest Months Supply of Homes for sale when compared to Kitsap county (as a whole) and Bainbridge island separately.
Poulsbo is experiencing 1.9 months of inventory. Which shows an incredibly strong Sellers Market.
NEW LISTINGS:
As we usher in 2017 we start the year were at the low inventory period for new listings 2016.
In December 2016 there were only 26 new listings in Poulsbo 98370! Slightly below Bainbridge at 28.
This means that there are very few competing listings for those active on the market!
Buyers do not have many alternative choices so the negotiation power slides to our Sellers.
MEDIAN SALES PRICE
Overall, the Median Sales price of the Poulsbo area has recovered to pre-recession Bubble prices.
This is the best we have ever seen!
More information here on why the are not experiencing another bubble:
Yes, Home Prices Are Rising. No, a New Housing Bubble is NOT Forming
Warren Buffett: There is No Housing Bubble
SOLD % OF LIST PRICE:
At 100.1% Houses in the Poulsbo Real Estate Market are selling for higher than list price more than in any area of Kitsap or Bainbridge Island separately.
This means there is more demand than supply in the Poulsbo area and multiple offer situations!
THE BOTTOM LINE?
Today is the best Poulsbo Real Estate Market we have seen since the Recession for Listing and Selling your home. Due to the low supply and high demand in your area it is possible that your home may sell for higher than list price.
We strongly recommend exposing your home to the current favorable market forces… Contact us for a Comparative Marketing Analysis to see what your home could sell for today!
