Kingston, Port Gamble & Hansville reach year high in average selling price.
Wow November!
It appears to have been an outstanding month for Real Estate in the Kingston, Hansville & Port Gamble areas with 18 Homes Sold. This is a decrease from the 28 homes sold in October, but look at the jump in the average selling price! This is a high average selling price for the year at $404,788 and resembles November 2012’s high average selling price. It appears November is a prime month to sell higher priced homes in this area, which means they typically need to be on the market during August & September.
Twenty Eight (28) Homes were Sold in October, which was a 65% increase from September, but the Average asking and Selling prices declined from Sept. to Oct. Though all prices jumped dramatically in November. The average selling price in Nov 2013 was about 2.4% lower than Nov of 2012, while the Median Selling price was about 30% lower during Nov 2013 compared with Nov of the previous year.
Distressed property sales which include bank REO’s and short sale properties have varied widely from month to month, but overall, they still represent over 20% of the market on average.
There were 50% fewer homes Sold in September as compared with the record month we had in August but the number of monthly home sales in this area have been trending upward and each month for the quarter including Sept., Oct., and Nov., all had much higher numbers of home sales than the same months in the previous year by 31%, 40% and 50% respectively!
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| September 2013 | October 2013 | November 2013 | |
| Avg. Original $ | $300,862 | $280,418 | $438,272 |
| Avg. Listing $ | $287,950 | $266,793 | $418,946 |
| Avg. Selling $ | $278,664 | $262,704 | $404,788 |
| Median Selling $ | $255,000 | $218,750 | $275,000 |
| $/sq ft | $179 | $128 | $173 |
| TTL # sold | 17 | 28 | 18 |
| CDOM | 123 | 79 | 149 |
| DOM | 106 | 79 | 113 |
| TTL # Distressed/% | 3/18% | 8 /29% | 5/28% |
| SS | 1 | 2 | 4 |
| REO | 2 | 6 | 1 |
Table 1
Brian Wilson, Broker: mobile: 360-689-2466
-and-
Jana Salmans, Managing Broker; mobile: 360-509-9684
John L. Scott Real Estate
19723 10th Ave NE; Suite 200
Poulsbo, WA 98370
By Briana Wilson, reviewed by Brian Wilson
Data Source: Northwest MLS (NWMLS)
The NWMLS, Brian Wilson or Jana Salmans do not guarantee the accuracy of this data and are not responsible for it’s accuracy. Data from the NWMLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
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