Windermere Kingston March 3, 2021

New Agent Spotlight: Savannah Moran

With a passion for real estate and the professionalism and positive energy to match, Savannah Moran is the kind of agent many buyers and sellers would love to work with here in North Kitsap. She’s new to our Windermere Kingston office, and we’re excited to feature her. Read on to find out about her interesting background, her professional experiences, and more.

What unique professional skills or experiences do you possess that enhance your abilities as a realtor?

In my previous career, I was a Landscape Architect. This design background really allows me to creatively see the inherent qualities in each property to help my clients see its full potential.

What personality traits do you think are important in this profession?

I think being friendly, kind, and super organized are the most important traits to have in real estate.

What drew you to real estate?

I absolutely LOVE the process of finding the perfect home for my clients! My skills preparing listings are sharp as well. Whether selling or listing, I really enjoy the collaborative process from start to finish.

Which areas do you serve?

I am primarily serving North Kitsap County. It has such incredible raw natural beauty; it makes each day an adventure.

Savannah Moran beach ocean

How long have you lived here?

We’ve only lived in Kingston for one year. My mother lives nearby in Indianola and we’ve absolutely fallen in love with visiting over the past seven years. We had to make the move from Seattle permanently and we are so happy we did last winter, just before COVID-19.

How are you involved in the community?

With COVID-19 taking over all human interactions, my community involvement has been so limited. But I can’t wait until things normalize in the near future. I hope to be involved with PTA and school volunteering as soon as possible.

savannah moran family

What made you decide to work with Windermere?

I have always known Windermere is the best possible agency to work with. When I got the opportunity to work with and be mentored by Catherine Arlen at Windermere Kingston, I did not hesitate to move my license immediately.

We’re so glad Savannah Moran has joined our Windermere community of professionals! If you’d like to connect with her, you can do so through her website and on Facebook.

Kitsap StatisticsWindermere Kingston October 27, 2020

North Kitsap’s Market: Third Quarter Review and Forecast

North Kitsap’s market had a very strong third quarter. We’ve compiled key stats below to provide a comprehensive review of our market, as well as insights and predictions from Windermere Real Estate’s Chief Economist, Matthew Gardner.

Our Strong Seller’s Market

It’s a strong seller’s market here in North Kitsap. Inventory remains low while demand is high. In our third quarter, the median sale price was up 9% year-over-year at $508K. Buyers should be aware that multiple offer situations have become more common in our area. Our Brokers have seen an increase in situations where some buyers are outbid either by price or by an all-cash buyer.

north kitsap market graph q3

north kitsap inventory graph q3

north kitsap market stats q3

Market Predictions

Although mortgage rates remain historically low and demand is high, our Chief Economist, Matthew Gardner, has some concerns about how this may impact real estate down the road. “We may be heading towards a period where we see houses turn over at a far slower pace as we stay in our homes for longer than ever…this could be a problem as it leads to persistently low levels of inventory for sale, which itself could lead to prices continuing to rise at above-average rates and that would further hit affordability.” As for mortgage rates, Gardner does not expect them to rise significantly any time soon. However, he says, “We should all be aware that there could be consequences to very low rates”.

Western Washington Review

Let’s zoom out a bit and look at our area. Below are highlights from The Western Washington Gardner Report provided by Windermere Real Estate’s Chief Economist, Matthew Gardner.

WESTERN WASHINGTON HOME SALES

  • Total Sales: 11.6% increase from Q3/2019, and 45.9% higher than Q2/2020
  • Homes for Sale: 41.7% lower than Q3/2019, but up 1.6% from Q2/2020
  • Pending Sales: up 29% from Q2/2020

WESTERN WASHINGTON HOME PRICES

  • Average: $611,793 (up 17.1% from Q3/2019). Low mortgage rates and limited inventory are clearly pushing prices up.
  • Prices will continue to increase as long as mortgage rates and inventory levels stay low. If this continues to be the case, affordability issues will become more apparent in many markets.

DAYS ON MARKET, WESTERN WASHINGTON

  • Average: 36 days (an average of 4 fewer days than in Q2/2020 and 2 fewer days than in Q3/2019)
  • In Kitsap County, average days on market: 20

Conclusion

In Gardner’s Western Washington Report, he states that, although we have a strong seller’s market that is very buoyant, he’s “starting to see affordability issues increase in many areas—not just in the central Puget Sound region—and this is concerning. Perhaps the winter will act to cool the market, but something is telling me we shouldn’t count on it.”