Home Sales Trends for Hansville, Kingston, and Port Gamble September 2012
The number of homes sold in the combined area of Hansville, Kingston, and Port Gamble was 13 during the month of September. Though this is less than the number of homes sold in August, it is significantly more than in September of last year, demonstrating an annual increasing trend in the number of homes sold.
Decreases in home sales from August to September follows normal seasonal market declines which we are seeing County-wide. The average selling price of homes sold in this area during September was $221,031. The drop in the average selling price from August to September does not have noteworthy significance, as the type of homes Sold in this area is highly variable (ranges from waterfront properties to manufactured homes).
Of the total number of homes sold during the Month of September, 38% were distressed properties (REO’s, Bank Owned Foreclosures, and Short Sales), which is the highest amount of distressed properties sold since this past February. Further, this is a marked increase in distressed property sales from 16% the previous month and 14% from September of last year. It is also nearly double the rate in all of Kitsap Couunty.
Hansville, Kingston, and Port Gamble are great areas that offer a wide variety of properties for any budget or property type. This area offers beautiful views, close proximity to the Edmonds-Kingston ferry, and a wide variety of restaurants and shops.
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By Briana Wilson,
reviewed by Brian Wilson, Broker
19723 10th Ave NE; suite 200
Poulsbo, WA 98370
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