Both nationally and locally home pending sales are on an upward trend. The Pending Homes Sales Index, a forward-looking indicator based on contract signings rose 2 percent to 97 in January from a downwardly revised 95.1 in December and is 8 percent higher than January 2011 when it was 89.8. This data reflects contracts but not closed sales.
Here locally in Kitsap County, pending sales were up 13 percent from last year, meaning that last month had more sales in the making than a year ago. However, home prices continued to drop, down 11 percent from a year ago and close to where the price stood in 2005. The median closing price stood at $225,400 for single-family homes and condominiums combined, according to the Northwest Multiple Listing Service. In 2005, it stood at $233,700. The price went down most steeply for condos.
Inventory has decreased 8 percent in February with 1397 homes for sale. This shrinking inventory makes this more of a seller’s market. When priced correctly, homes are selling quickly and even seeing multiple offers. With spring just around the corner, it is an excellent time to list your home. As always, if I can be of any assistance, please contact me for a Comparative Market Analysis (CMA) to see if this is the right time to list your home!
Known as “Little Norway,” Poulsbo was settled in 1892 by Norwegian loggers, farmers and fishermen who likened the fjord-cut landscape to their homeland.
Stroll down Front Street with its dozens of quaint and colorful shops offering everything from Scandinavian gifts to fine art, fashions, antiques and much more.
If shopping makes you a bit hungry, feast on handmade European chocolates, baked goods, fresh waffle cones, delicious smoked salmon or gourmet coffee in one of Poulsbo’s fine restaurants and cafes.
If the great outdoors is your passion, rent a kayak or electric boat and explore scenic Liberty Bay, take a walking tour of the town, or simply relax along the boardwalk and look for seals, herons and eagles.
Visit this link below for more information about activities in Poulsbo and the surrounding area.
Poulsbo has many shops, restaurants and the best independent bookstore- Liberty Bay Books.Stroll the streets of Poulsbo and enjoy window shopping, coffee, bakery goods, quiet walk on the boardwalk, the possibilities are endless!