2016 Kitsap County and Bainbridge Island Market Recap

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A notable difference in Kitsap County is that it finally shifted to a sellers’ market with an average monthly supply changing from 2.7 in 2015 to 1.9 in 2016; and in December the median price for new construction topped out at $329,000. For a portion of the year 2016 the median days on the market for Bainbridge Island properties dipped below 10, which is astounding! Ending the year, however, the residential and condominium averages rounded up to just under 30 days. Possibly due to two top ranked public high schools by U.S. News, the population of Bainbridge is estimated to have increased 3.5% since 2010; however, our population density has stayed relatively low and is 39% less dense than Anacortes. This may be due to the fact that four-fifths of Bainbridge Island housing stock remains single-family. (Though the Grow Community may change that for next year’s report.)

In Poulsbo, the population growth from 2010 to 2015 was much greater, at 9.1%; and monthly supply of homes for sale dipped to 1.7 in 2016 (down from 2.3 in 2015 and 40% tighter than 2014’s duration of 4.5 months). Poulsbo prices were more volatile than the greater Kitsap County majority with a modest $2,000 year-over-year decline in median sale price. However, the city is gaining population with homebuyers as it offers greater affordability, especially along its waterfront.

Have more questions about the area or want a printed copy of the report? Please contact me.

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