Market Spotlight: Poulsbo

The Poulsbo area on the Kitsap Peninsula comprises the communities of Poulsbo, Lemolo, Lincoln Hill, and Poulsbo Place. Poulsbo is the home of West Sound Academy, one of the SEVP private schools certified to admit foreign students at both the middle and upper school levels.87 The population of Poulsbo—originally a Native American settlement, later a Scandinavian enclave—is estimated to have grown from 9,200 in 2010 to 9,950 in 2015.88 SFRs comprise 67.7 percent of the local housing stock. After dipping briefly into seller’s market territory in mid-2014, the monthly supply tightened three more times, then remained there from June 2015 through the end of the year. The average supply of homes for sale was 2.4 months in 2015, down from 4.0 in 2014 and 5.1 in 2013.

Demonstrating the degree to which prices in this market can shift, Poulsbo’s median sale price more than reversed 2014’s year-over-year decline, returning a 19.5 percent gain in 2015—the secondhighest percentage gain we saw after Belltown/Downtown Seattle. Although slightly more volatile than prices in Kitsap County generally, sale prices and their deviation from list prices trended with others countywide, which have together irregularly risen toward 100 percent over the past two years. 

Karen Keefe

A savvy Realtor who listens to her clients. Creating positive results are the driving forces that underscore Karen's nearly decade of real estate experience. A resident of Bainbridge Island and Kitsap County for 38 years where she raised her 3 children. . So no matter what property type or price point, she has always been dedicated to offering extraordinary service. Karen is a second generation real estate professional and has been a licensed residential broker since 2006 with roots deeply embedded in Bainbridge Island and North Kitsap for over 32 years.

Karen is dedicated to partnering with her clients, listening to their unique needs and assisting them in navigating a dynamic marketplace with the goal of a smooth and successful transaction. Selling a home is more than sticking a sign in the ground and waiting for the phone to ring. Karen brings a team of professionals with a proven track record; from an award-winning marketing team and professional photography to a gardener and home stager. She has the proven history of making sure the job is done right the first time