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Bremerton, WA Real Estate News

By Rich Jacobson, Your Kitsap County WA Real Estate Broker
(Fathom Realty West Sound)
Here on the scenic Kitsap County WA peninsula, we are fortunate to have a very large military community comprised of Naval Base Kitsap, including the Puget Sound Naval Shipyard, Bangor Subase, and the Keyport Naval Undersea Warfare Center. As such, many of the active-duty, active reserve, and retired service members buy homes here in Kitsap County WA using VA Home Loan financing. This is a very popular loan product of choice mainly because it doesn't require that the Buyer contribute a down payment. VA Home Loan rates are usually fairly competitive compared with conventional loan rates. The current VA Home Loan rate is hovering around 3.75% to 4% for a 30-year fixed mortgage, and at 3.0 to 3.25% for a 15-year fixed mortgage. The maximum loan limits here in Kitsap County WA are presently...
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By Brenda Prowse
(Prowse and Company)
Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $115,000 at the end of January, 12% lower than a year ago and 17% lower than last month. This large fluctuation in price is most likely an anomaly because of the higher percentage of distressed sales. 57% of closed sales were distressed properties. The more stable 3 month moving average median price ($129,329) was about 13% lower than a year ago and 4% higher than last month. The Kitsap County 3 month moving average median price is about 10% lower than it was a year ago. Bremerton's 3 month moving average for number of closed sales is 4% lower than a year ago and 13% lower than last...
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
Originally Posted at: Homefront Realty Bremerton WA Real Estate | Homes Sold January 2012   During the month of January there were 41 homes that sold in Bremerton. [zip codes: 98310, 98311, 98312, 98314, 98337].  These Bremerton homes actually had a transfer of home ownership. Contracts complete and Lender funds available. The home buyer and seller signed all of their documents and escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name! If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of t...
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
  What:  Annual Daughter Daddy Dance When:  Saturday, February 4th - 7pm till 10pm Where:  Sons of Norway Hall, 1018 18th St, Bremerton Tickets:  $22 per couple and $12 each additional daughter   Dads and daughters of all ages are invited out for a special evening that is sure to become a family tradition. The evening will include DJ music, light refreshments, door prizes, and a wristlet for each daughter. Tickets will be available for purchase at the Sheridan Park Community Center and Silverdale Antiques (9536 Silverdale Way NW, Silverdale.  (360) 692-2462) beginning January 9th.  This event is sold out every year so get your tickets early
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
  I have lived in Bremerton since September of 2006 so it only took me 5 years to figure out that Bremerton has an ice center.  I have never ice skated in my life so I guess I do have that excuse, however my husband loves the ice, he played hockey as a child in Minnesota.  He also spent a 3 years stationed in Alaska so was able to ice skate there.  This past Christmas Holiday he was home on leave and wanted to see some hockey, so we did.  While I was doing some research on hockey in the area the Bremerton Ice Center's web page came up.      We really thought we would be able to go skating, but with only two weeks over the holidays we were only able to check out the facility.  I was really impressed.  I know that when he moves back home next year he will want to get involved with this or...
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By Brenda Prowse
(Prowse and Company)
Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $137,988 at the end of December, 16% lower than a year ago and 2% higher than last month. The more stable 3 month moving average median price ($124,719) was about 21% lower than a year ago and less than 1% lower than last month. The Kitsap County 3 month moving average median price is about 1% lower than it was a year ago. Bremerton's 3 month moving average for number of closed sales is 3% lower than a year ago and 5% higher than last month. The 3 month moving average of closed sales is up 3% Countywide from a year ago. The 3 month moving average number of Bremerton pending sales is...
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
 Bremerton WA Real Estate | Homes Sold December 2011 During the month of December there were 54 homes that sold in Bremerton. [zip codes: 98310, 98311, 98312, 98314, 98337].  These Bremerton homes actually had a transfer of home ownership. Contracts complete and Lender funds available. The home buyer and seller signed all of their documents and escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!   If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Bremerton...
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
  Over the last couple of years not only has the housing market been hit hard in the local area but also retail and fast-food locations have closed.  I hate to see businesses close in the area, it is a sign of something wrong.  First there was the Kentucky Fried Chicken down on Naval.  Then there was the Big Lots over on Sheridan, a pizza shop across the street and a bakery.  Last week the news was released that the Blockbusters in the QFC parking lot will be closing soon too.  Some of these businesses are national chains and some are locally owned.  Just sad.    So when I read that WinCo Foods was coming to Bremeton I thought - woo hoo! A new business!  WinCo Foods is a company that is owned by its employees.  WinCo which stands for which stands for Winning Company will be located in ...
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
Doing some real estate market research today on the Bremerton housing market I ran across an article on MSN Real Estate "5 tips to ensure your home sells in the winter"  In this article there was a Bing search link with the words What's the best month for home sellers? So that is what I did. I did a search to see if I could find some more information.  Of course I did.  Here is a blurb from LendingTree.com "Traditionally, spring is the hottest season for real estate. Sales peak in April and May and stay strong in June and July. It’s a good season for families to move, between school terms and while the weather is warm. People have just received their tax refunds, which they can use to help finance a down payment. And the nice weather and beautiful flowers in spring and early summer make...
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
Maybe it is a townhouse or condo you are interested in.  Maybe you would like to have the security of a controlled complex.  Maybe you would like to have the freedom from yard maintenance.  Maybe a single residence just seems too much.  For what ever reason Bremerton has several different types of town-homes and condominiums on the market.  From new construction to established communities, units with views, units with yards, several styles and sizes and prices to fit almost any buyer's budget.  There are 45 Townhouses or Condos on the market. 
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
Today I received my Housing Trends eNewsletter and found this blurb very interesting.... " Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one.    So off I go to read the CNN Money articlefor details.  As usual it all depends on your market.  With housing prices still on the decline and interest rates so low it is very easy to find a home in the Bremerton area where a mortgage payment could be lower than what you can find for rent in the area.  The question is are you ready to be a home owner?  Home ownership is very different than renting.  There is no manager to call when the dryer goes out o...
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
Jo Soss | Homefront Realty | (360) 990-1433 1013 Naval Ave, Bremerton, WA Charming 2 Bedroom Bungalow in the Heart of Bremerton. Large private yard with alley access and off street parking. 2BR/1BA Single Family House offered at $129,900 Year Built 1926 Sq Footage 1,196 Bedrooms 2 Bathrooms 1 full, 0 partial Floors 2 Parking 3 Uncovered spaces Lot Size 4,356 sqft HOA/Maint $0 per month DESCRIPTION Charming 2 bedroom bungalow in the heart of Bremerton. Kitchen has been totally updated with newer cabinets, counters, sink and all appliances stay. Hardwood floors, energy efficient white vinyl windows, back entrance mud room and welcoming front porch area. Vinyl virtually maintenance free siding and newer roof. Tons of storage in unfinished basement area, use your imagination and finish to ...
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
Originally posted at www.homefrontrealtyonline.com   Bremerton WA Real Estate | Homes Sold November 2011   During the month of November there were 51 homes that sold in Bremerton. [zip codes: 98310, 98311, 98312, 98314, 98337]. That is about 30 homes less than in October. These Bremerton homes actually had a transfer of home ownership. Contracts complete and Lender funds available. The home buyer and seller signed all of their documents and escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name! If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washingto...
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By Brenda Prowse
(Prowse and Company)
Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $135,000 at the end of November, 11% lower than a year ago and 33% higher than last month. The more stable 3 month moving average median price ($125,056) was about 12% lower than a year ago and 1% lower than last month. The Kitsap County 3 month moving average median price is about 2% lower than it was a year ago. Bremerton's 3 month moving average for number of closed sales is 7% higher than a year ago and 15% lower than last month. The 3 month moving average of closed sales is up 8% Countywide from a year ago. The 3 month moving average number of Bremerton pending sales is down 4%...
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
I have attended several Holiday Concerts preformed by military bands over the last few years and can say that the experience always lifts my spirits and allows me to focus on the Holiday Season. If you would like to experience some Holiday Cheer then plan on attending the Holiday Concert this Sunday preformed by the Navy Band Northwest at Bremerton High School. As always admission is FREE   When:  December 11, 2011 - Sunday, 3:00 p.m. Holiday Concert Navy Band Northwest Bremerton High School1500 13th St Bremerton, WA 98312           Photo Credit: 071210-N-9860Y-002 OAK HARBOR, Wash. (Dec. 10, 2007) Navy Band Northwest (NBNW) Big Band, "Cascade," plays "Holly and the Ivy/God Rest Ye Merry Gentlemen‚" at the "Holly, Jolly Holiday‚" concert held in Parker Hall of Oak Harbor High School. T...
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
  I don't know who started the rumor - but the Bremerton Tree Lighting Ceremony and Santa Claus's arrival HAVE NOT been cancelled! Visit Harborside at 5:00pm to watch a performance by the Bremerton High School marching band. Then enjoy the Tree Lighting Ceremony at 5:30pm with Mayor Patty Lent and Santa. Free pictures with Santa to follow! Don't forget all of the other activites!  Concerts, plays, and more! There are many holiday events going on in Bremerton right now. Check out the City's event calendar, or visit the Kitsap Peninsula Visitor & Convention Bureau to see what's going on all around the Kitsap Peninsula. 
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
Friday, December 2! WinterFest celebrations will take place in both downtown Bremerton and Manette. We hope to see you there! For more information, please visit the City's website. CHARLESTON DISTRICT HOLIDAY FESTIVAL Enjoy handmade gifts, art, jewelry, candles, soaps, candy, specialty foods and more at the Historic Charleston District's (Callow Ave) Tin Soldier Lane on Saturday, December 10 from 10am to 6pm. For more information please visit the City's website. SANTA IN THE PARKThe entire family is welcome for a visit with Santa at a City park near you! Free to the public! Bring your camera and take a special photos with Santa in his sleigh.  Monday, December 19 Evergreen Park, 10AM-Noon Manette Park, 1-3PM Tuesday, December 21 Lions Park, 10AM-NoonBremerton Plaza Harborside, 1-3PM For...
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By Brenda Prowse
(Prowse and Company)
Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $101,168 at the end of October, 37% lower than a year ago and 27% lower than last month. The more stable 3 month moving average median price ($126,389) was about 21% lower than a year ago and 6% lower than last month. The Kitsap County 3 month moving average median price is about 7% lower than it was a year ago. Bremerton's 3 month moving average for number of closed sales is 66% higher than a year ago and 6% lower than last month. The 3 month moving average of closed sales is up 17% Countywide from a year ago. The 3 month moving average number of Bremerton pending sales is up 11% f...
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By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
Bremerton WA Real Estate | Homes Sold October 2011 During the month of October there were 88 homes that sold in Bremerton.   [zip codes: 98310, 98311, 98312, 98314, 98337].   These Bremerton homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name! If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Bremerton Was...
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By Brenda Prowse
(Prowse and Company)
Statistics are for the Bremerton downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should be similar. Bremerton homes were selling for a month end median price of $139,000 at the end of September, 21% higher than a year ago and the same as last month. The more stable 3 month moving average median price ($134,417) was about 17% lower than a year ago and 3% lower than last month. The Kitsap County 3 month moving average median price is about 9% lower than it was a year ago. Bremerton's 3 month moving average for number of closed sales is 68% higher than a year ago and 12% lower than last month. The 3 month moving average of closed sales is up 11% Countywide from a year ago. The 3 month moving average number of Bremerton pending sales is up 19% ...
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