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Pre-recession prices return in 2017 home market

Julianne Stanford | Kitsap Sun

Kitsap County was firmly locked in a housing market that favored sellers last year, with fewer available homes on the market at higher median prices that reached above pre-recession levels for the first time, according to annual statistics released by Northwest Multiple Listing Service.

“To put it simply, there were more buyers than sellers,” said John L. Scott broker Sharna McArdle. “That created a very competitive market.”

But at the same time, higher prices and fewer choices didn’t slow down the demand for housing. Last year, the county’s housing market generated almost $2 billion dollars in home sales with more than 5,000 homes sold, up by 7 percent from the 4,760 closed sales at for a total of $1.6 billion in 2016.

Click here to read the whole article with more quotes from John L. Scott broker Sharna McArdle. Sharna is part of a team with her husband, Brian McArdle, and they are based out of the Silverdale office.

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