Kitsap County

Slow Summer Days | Millenials May Drive the Market

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Forbes has 6 expert predictions for the second half of 2019:

·         Millennials will drive the market
·         Inventory will improve but not by much
·         Home prices are headed up
·         Mortgage rates will stay low
·         Buyers can take their time in this market
·         Some markets will provide better home buying opportunities than others 

37%

Of All Homebuyers Last Year Were Millennials

This is a prime home buying season for millennials. According to National Association of Realtors (NAR), 37% of all home buyers last year were made up of millennials. The slow down of the housing market has given millennials the opportunity to afford home ownership. According to Forbes’ predictions, housing prices are still expected to rise, but the current low mortgage rates have helped improve the affordability for home buyers. The housing market has become less competitive, and bidding wars have decreased drastically compared to the last several years. Now, buyers don’t feel rushed to close on a deal. Housing conditions continue to vary by market.  Depending on what kind of house you’re looking for and the location, some cities might offer home buyers more affordable bargains due to the change in the regional housing markets. 


Been Thinking of a Summertime Move?

If you’ve been considering buying a home, now’s the time to connect with a real estate agent who really gets the local market. Give me a call if you’d like to grab a cup of coffee and chat about your options!”


Happy 4th of July!!

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Have a safe and happy 4th of July!!


Bainbridge Island won’t be offering a fireworks show this year, according to the Bainbridge Review. But Kitsap County is still flush with places to find your sparkly lights; just remember to bring warm clothes, something to sit on, comfy blankets and some of your favorite people!

Cooler Housing Prices in Seattle while Suburbs Turn Up the Heat

Photo courtesy of 18634 NE Vaughn Milton Loop, Poulsbo // MLS #1428159

According to Paul Roberts of the Seattle Times, the Puget Sound housing market continues to splinter into hot and cold sectors — with substantially more heat the farther south you move — but the trend may be moderating as buyers and sellers adjust their expectations. In Kitsap County, the median home price increased 6.9% over the past 12 months, to $385,000, in May — a significant jump from April’s increase of 4.5%.

$385,000

↑ Median Home Price Increased 6.9% for Kitsap County

Kitsap Winter Market Going Strong!

Photo courtesy of 18634 NE Vaughn Milton Loop, Poulsbo // MLS #1428159

Photo courtesy of 18634 NE Vaughn Milton Loop, Poulsbo // MLS #1428159

According to Seattlepi, following a frigid February, March made for an "eventful month for real estate," say brokers cited in the latest Northwest Multiple Listing Service report. Buyers hopped back into the market and kicked off peak real estate season in earnest around Seattle, with more choices and less competition.

But there are some areas that reported strong activity no matter what happened. Kitsap and the South Sound, for instance, reported heavy traffic at open houses and pending sales out-gaining new listings.

How To Downsize Your Home

How To Downsize Your Home

Often times, with retirement comes the need to downsize your home to a more manageable size. If the idea of sorting through all of your positions to downsize your home sounds daunting, Forbes has curated a list to help you accomplish the task of downsizing with relative ease.