KITSAP COUNTY REAL ESTATE BUBBLE 2004-2013 MARKET TRENDS 10 YEARS
By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
January 22, 2014 by Jo Soss Timing is everything, in the stock market and in real estate. What year you purchased your home will determine if you are one of the lucky ones that can sale today and enjoy the lower prices and lower interest rates or have to stay put for a few more years. Those that purchased prior to 2004 and sold in 2007 hit the Kitsap County Real Estate lottery! Those of us that purchased in 2006 and 2007 are still in a huge puddle from that bubble! Unless you have funds to take to escrow or you are willing to short sale it is probably best to stay put a couple more years. The real estate boom started in 2004 with a huge increase in sales which led to a huge increase in median home sale prices for 2005. The next 3 years sellers would see multiple offers and lower...
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