Bainbridge Island & Poulsbo Real Estate News & Listings Presented By Penny's Team

Here's a prize single-story. A budget-smart special you'll l

Wed, 01 Feb 2012 17:44:56 GMT

Everything new: roof, carpet, kitchen and bathroom floors, doors, molding cabinets, microwave, hot water heater. Not bank owned or short sale. Convenient to bus, Park and Ride - only 3 blocks. Halfway between Kingston and Bainbridge ferries. Extremely convenient to everything.

3739 Old Sawmill Place NW, Bremerton 98312

Sat, 28 Jan 2012 17:43:02 GMT

Spacious home in a private location. Large kitchen with island and eat in space. Upper level master suite includes custom walk-in closet, jetted tub and radiant floor heating in the bathroom. Master also includes private balcony. There is a second bedroom suite on main level. Lots of bonus storage space in the garage and a fully fenced backyard area. No Smoking. No pets. Available Immediately!

Beautiful Port Ludlow Home with view of Golf Course

Sun, 22 Jan 2012 17:45:07 GMT

Nearly new home in private and beautiful Port Ludlow! This spacious home offers the popular main floor master suite, living room, kitchen, den, 2 car garage and so much more with a view of the Golf Course! Bring your clubs!

19780 Brockton Ave NE, Suquamish 98392

Wed, 18 Jan 2012 17:45:48 GMT

Not a short sale nor bank owned, just well priced - below appraisal and assessed value. Being sold to settle estate. Huge shop (about 30x40) - with room for motor home parking; work benches etc. Shop is insulated and heated by electric and wood stove, was used as a wood working shop, loft storage space. Nearly two (1.94) level acres. 16 old growth cedar trees on this property. Convenient location between Bainbridge and Kingston ferries.

13597 Page Rd NW, Silverdale 98383

Thu, 12 Jan 2012 17:45:49 GMT

10+ acre waterfront estate putting you at the pinnacle of privacy with your own private, gated entry, refined and private world. World class luxury is beyond ultra. Unswerving commitment to quality, grand marble entry, soaring 20' ceilings, expansive windows captures world class mountain and marine views, granite counter tops, stone family room fireplace, lavish master suite all a tribute to true stellar quality craftsmanship. Portrait of peace. Boarded by tranquility of the sound & mountains.

26191 Pennsylvania Av Ct NE 102, Kingston 98346

Mon, 09 Jan 2012 17:42:56 GMT

A spacious 1420 sq ft. Open floor plan and lots of natural light. Views of the Sound and Mountains. In-unit utility room for washer/dryer and storage. Outside deck with fenced yard. 2 reserved parking spaces-one in the garage and one in front. Large storage unit included. Enjoy the exercise room & the gracious lobby along with the convenience and security of this one of a kind building. NO Smoking. Pets negotiable.

6602 NE Pear St, Suquamish 98392

Mon, 09 Jan 2012 17:42:56 GMT

Great Rambler in Suquamish-located just off Division Street. Remodeled kitchen with dishwasher and lots of cabinet storage. Woodstove in living area for extra heat. Master bedroom has walk in closet. Fully fenced back yard. Move in ready home! No smoking. Pets Negotiable.

420 NW Paxford Lane, Bremerton 98311

Fri, 06 Jan 2012 17:54:28 GMT

Not a short sale or bank owned, just well priced. Large rambler on level use able lot. Many updates include 30 yr roof, 90% trane gas furnace, new interior and exterior paint, new carpet & vinyl, fireplace with insert in family room. Large living-room with valued ceilings real cedar siding- 1/2 thick. Large master bedroom with double closets. No smoking or animals in this home. Pride of ownership shows here.

17245 S Angeline Ave NE U, Suquamish 98392

Thu, 29 Dec 2011 20:36:26 GMT

$995 per month. $1000 security deposit. No smoking. No pets.

20962 Miller Bay Rd NE, Poulsbo 98370

Thu, 29 Dec 2011 20:36:26 GMT

Private feeling Poulsbo location. Master bedroom suite on the main level. Lots of updates! Kitchen amenities include stainless dishwasher and stove/oven, tile floors, granite countertops and lots of cabinet space. Two car garage with attached carport space. Bonus walk out space on the lower level including a work space. No smoking. No pets. Available January 1st!

Home Prices Expected to Stabilize Across U.S. by Early Next Year, Despite Recent Declines

Wed, 17 Aug 2011 00:00:00 GMT

The double-dip drop in home prices that began last year continued into the first quarter of 2011, with prices falling in 302 out of 384 metro areas tracked by Fiserv Case-Shiller. The decrease, an average of 5.1 percent as compared to the first quarter of last year, was expected, as housing demand settled to a lower level following last summer's expiration of the home buyer tax credit. Price declines in the recent quarter were also driven by a jump in foreclosure sales, which were temporarily stalled by loan processing issues that surfaced at the end of 2010.

David Stiff, chief economist at Fiserv, noted that continued economic weakness and uncertainty continue to weigh on markets. "The stabilization of housing markets depends greatly on household confidence in the strength of the economic recovery," he said. "Unfortunately, recent economic news has done little to build confidence. Weak job growth numbers in May and June, political wrangling over the Federal government debt ceiling, and the ongoing debt crisis in Europe have all increased pessimism. Households will not become more optimistic about housing markets until they are convinced that the job market is improving and that politicians will not allow debt problems to become new economic catastrophes."

Even tho the weakness in housing markets remains , Fiserv continues to project that home prices remain on track to stabilize by the end of 2012.

Stiff pointed to several positive trends. "Mortgage delinquency rates have been falling for more than a year. Foreclosure rates have started to decline. The flood of bank-owned sales, which has swamped many markets, will finally begin to recede this year as fewer houses enter the foreclosure pipeline. Meanwhile, housing affordability has nearly returned to pre-bubble levels," said Stiff. "Relative to family income levels, the average U.S. home is now only 5 percent more expensive than it was in 2000."

Other key highlights from the latest Fiserv Case-Shiller Indexes include:

Four metro areas in Washington State ( Tacoma; Kennewick- Pasco- Richland; Spokane; Olympia) are in the 10 markets projected to experience the highest home price increases for the 2011 first quarter to 2012 first quarter period.
Eight of the 10 worst performing markets in the 2011 first quarter had unemployment rates higher than the national average.
Six of the 10 markets that have suffered the greatest price declines from peak to the first quarter of 2011 are in California ( Merced; Modesto; Salinas; Stockton; Vallejo- Fairfield; Bakersfield- Delano).

More information on the Indexes can be found at the Fiserv Case-Shiller website at www.caseshiller.fiserv.com.

This information was based off of an article provided by Kitsap REALTORS

CRITICAL INFORMATION FOR KITSAP COUNTY WATERFRONT HOMEOWNERS

Fri, 27 May 2011 16:35:00 GMT

SHORELINE RESTORATION ALTERNATIVES FOR KITSAP COUNTY SHORELINES

Here are just a few reasons why it's important to you:

1. Under this ordinance, the county will control (for environmental purposes) 200 feet from the high water mark of your property. This means they can control the vegetation on your property, no gardens, no lawns, no ornamentals. They are even proposing annual inspections of your property.

2. You will not be allowed to expand your home or add structures.

3. Your home will be classified as non-conforming which means that you will not be able to get title insurance, which will hamper your ability to sell your property, re-finance as well as affect the value of your property.

To do your own research, go to http://www.kitsapshoreline.org/

There is a link on that page for comments but it is recommended that you send your comments to the county commissioners. It is encouraged that you to write a letter to the county

Click Here to read and print the Alternatives for Kitsap County Shorelines Booklet.

Prices Hit Lowest Level In Nearly Nine Years

Fri, 08 Apr 2011 00:00:00 GMT

This past February the United States saw their lowest drops in home prices in nearly nine years, indicating the housing market is still a long way from recovery. The National Association of Realtors are reporting that sales dropped by 9.6 percent month over month. The actual drop was even greater than the most pessimistic forecasters had predicted. Analysts said that the hazardous winter weather we received in January could be a great contributing factor into why we had such a drastic fall in February sales. The NAR also agree that difficulty obtaining credit and home appraisals that fell short of sale prices weighed on sales.

Economists are hoping that with the labor market improving that the home sales in upcoming months will rise, but ever dropping home prices could throw a wrench in their hopes. The National Association of Realtors said the median home price dropped 5.2 percent in February, making it the lowest since April 2002. They believe this is due to the relentless downward pressure on prices from a market flooded by foreclosures. While sales fell in all parts of the country last month, economists said the pattern was likely to become less uniform in the months ahead, with regions where the labor market is fairly strong showing more life than others.

This information was based off of an article written by Lucia Mutikani of Reuters

http://www.reuters.com/article/2011/03/21/us-usa-economy-housing-idUSTRE72F3XG20110321?feedType=nl&feedName=ustopnewsafternoon

Weekly Market Updates - April 7, 2011

Thu, 07 Apr 2011 13:12:00 GMT

I know we are slightly behind on our posting of our weekly Market Report updates. If you are interested in the Market Reports for the weeks of March 14, 21 & 28 please email carli@pennym.com and she would be glad to email those to you.

Here are your weekly Market updates to help you stay informed on what is going on in your area. Below you will find 6 separate links for the following areas; Bainbridge Island, Bremerton, Kingston, Port Orchard, Poulsbo and Silverdale. Please feel free to download one or all reports.

Market Reports for the week of April 7, 2011

CLICK HERE for Bainbridge Island

Mon, 24 Jan 2011 16:17:00 GMT

Market Reports for the week of January 24, 2011

CLICK HERE for Bainbridge Island

CLICK HERE for Bremerton

CLICK HERE for Kingston

CLICK HERE for Port Orchard

CLICK HERE for Poulsbo

CLICK HERE for Silverdale