We track several key indicators to determine the current state of the market and anticipate future trends. If you would like to know what's happening in your neighborhood, give us a call. We've got the data and expertise to help you make an informed decision.
CURRENT PRICE TRENDS: PRICES WILL RISE!
This report is for all of Kitsap County excluding Bainbridge Island as their statistics throw the rest of the county oﬀ. The median price for 2014 is $220,733 down –2% from 2013. Low inventory is still a problem which is keeping upward price pressure on our existing market. Homes that are priced well and in good showing condition seem to be selling well, often receiving multiple oﬀers especially if they are in particularly good locations. Interest rates are holding steady and Windermere continues to be the market leader in the county for 2014 with a 31% market share of the dollar volume. Our Windermere economist predicts prices will continue to rise in 2014 by 1% to 2% and interest rates should continue to be exceptional!
MARKET ACTIVITY: INCREASED!
Inventory took a sharp dip in January but then recovered very nicely by March and stayed very steady until Holiday time in November. We currently have 856 home available as opposed to 1340 homes available at the end of August – a 36% reduction. There were 3217 sales in 2014 vs 2926 in 2013 – a 10% increase in volume of sales. We anticipate seeing another large increase in inventory coming on the market by March so if you are thinking of selling, now is the me while inventory is low. Prices have leveled oﬀ with no signiﬁcant signs of deep reductions as long as sellers price at market value. Absorption of inventory varies between area and price range.
FINANCIAL MARKET TRENDS: GREAT TERMS!
Interest rates fluctuate regularly, particularly in today’s market. A 30 year fixed rate mortgage today will cost approximately 3.75 – 4%. Don’t wait for better terms!
Remember, every 1% increase in interest rates reduces your purchasing power by approximately 10%. Don’t miss this extraordinary opportunity to purchase a home near the bottom of the market, with fantastic interest rates!
– Irene & Chris Wurden
The Kitsap Peninsula is one of the most underrated areas in the United States for High quality Luxury Homes. Below we have featured 11790 Anderson Landing NW, Silverdale Washington 98383 located a beautiful 1 hour ferry ride and twenty minutes drive from downtown Seattle. Here at The Wurden Team we are proud of the amazing Lifestyle offered here in the Kitsap Peninsula. Just take a look for yourself!
$2,495,000 | MLS#611128 | 5.56ac | 5962sf | 3br | 2.5bth | 300ft no-bank Beach Front
JUST A 1 HOUR FERRY RIDE & 20 MINUTE DRIVE FROM DOWNTOWN SEATTLE
One of Western Washington and the Olympic Peninsula’s finest properties that truly “has it all”. With Western exposure & ~300 feet of sandy beach waterfront; experience breathtaking views of the Olympic Mountain Range framed by romantic sunsets and plentiful blue waters of the Hood Canal. Escape to the peacefulness of this seaside estate tucked away in a quiet & private neighborhood known as Anderson Landing.
The Ultimate architectural design for the Northwest lifestyle. This outstanding modern home offers 5962 square feet, 3 bedrooms & 2.5 baths on one level with a bonus room above. This one of a kind custom built Estate is beautifully situated in spacious surroundings on 5.46 acres of land. A definite must see for the most particular clients requiring serenity & privacy.
Abundant space for entertaining, spectacular entry, & gallery are fabulously lit. Master suite on main floor with luxurious master bath – marble throughout and glass shower. Gourmet kitchen complete with butler’s pantry, commercial grade appliances & marble counter-tops. Private gated entry, drive-through 4 car garage, & automated boat house with rails. Enjoy commanding unobstructed vistas of Puget Sound’s Hood Canal & Olympic Mountain Range.
A rare gem, this property embodies the Northwest Lifestyle. Partake in the water’s plentiful salmon, crab, oysters, shrimp and clams on your private no-bank beach & tidelands that extend out 1,127ft. Located just minutes from the new Olympic View Marina in Seabeck and just a short ways away from multiple World Class Golf Courses.
Come make this home your own and enjoy life at the OCEAN’S RIDGE.
– Irene & Chris Wurden
We are so proud to be a part of this amazing Community! Together with the generosity of donors like you we have helped raise over $1.1 million for the Windermere Foundation. All of these proceeds go directly to social service organizations that helped hundreds of families meet their basic needs.
DONATIONS & GRANTS Update through 2014 Quarter #3
At the Wurden Team we are proud to donate to the Windermere Foundation every time we bring a sale to a close. If you've bought or sold a home with us, then you are a part of the Windermere Foundation, and you have made a positive difference in the lives of your neighbors in need! This Year together we have made 28 direct donations to the Foundation! We cannot express enough how privilidged we are to work with all of you!
More information on specific programs can be found here. As well as the opportunity to donate to this important cause.
Have a fantastic day,
Irene & Chris Wurden