At the end of each year I send out a letter to all of my clients with a 1 page update on what is happening in Kitsap County. Below is this years letter:
I hope this annual letter and calendar find you and yours doing well. Please note that your calendar starts on December 1st so go ahead and start planning next year today.
Some Stats comparing 2006 to 2004 & 05 for
2004 2005 2006
# of New Listings: 5038 5237 5634
# of transactions: 3823 3871 3406
Avg. Days on Market: 65 58 63
Avg. Sale Price $254,809 $307,235 $336,299 (+9%)
If you were a seller in 2006 you had to be a bit more patient than you’ve had to have been over the past few years. You were not able to choose a list price as aggressive as in the past. Bottom line though is houses are still selling and sellers continue to see appreciation.
If you were a buyer in 2006 you’ve actually had the best of both worlds. Interest rates continue to stay low and you have more houses to choose from. The icing on the cake is that sellers have had to be a little more flexible in their sale price and have been more open to paying some of your closing costs.
I’ve developed two web resources to help you keep up with our market:
Blogsite: http://franklyrealestate.blogspot.com (see what is in store for 2007)
Politics/Taxes – This last election cycle has brought in a new
Around Town –
Please have a wonderful holiday season and a safe, healthy and prosperous new year. Should you know of anyone thinking about buying or selling real estate in 2007 please let me know or if you just want a market update please feel free to call or check out one of my web resources mentioned above.
PS Sorry for the formatting, apparantly Blogger does not like info from MS Word.