Closings Oct 28-Nov 3

Silverdale 4
Kingston 1, 1 lot
Poulsbo 3, 1 condo
Bainbridge 1, 1 condo

Average market time for these particular properties:
homes 96.5 days (including presales)
condos 505 days
land 114 days

This week last year for these particular properties:
Silverdale 7 homes, 1 lot
Kingston 3, 1 condo, 1 lot
Poulsbo 9, 2 condos, 1 lot
Bainbridge 11, 4 condos, 1 lot

If you would like a detailed report of this week's closings, including pictures, addresses, sizes, listing and selling prices, and market time, please email your request and I'll be happy to send it to you.

What's it worth?

The gist of a conversation reported to me by a friend: The reason that Bainbridge condos cost so much is that when they came on the market a lot of Realtors bought them and immediately raised the prices to make a profit. In fact, I know of only five Realtors who bought five new condos as investments. Those whose listing prices are above the market are still making mortgage payments. They simply won't sell if the market isn't there. A condo (or home) is worth what a willing seller will accept from a willing buyer. No owner (Realtor or otherwise) can force buyers to pay more than they want.