Kitsap’s median home price topped $300k in May

Minding Your Business Tad Sooter , tad.sooter@kitsapsun.com The median home price in Kitsap topped $300,000 in May, as a spurt of new home listings caused pending sales to spike. Houses and condominiums sold for a median of $307,250 last month, up 8 percent from May of 2016, according to Northwest Multiple Listing Service.  Prices typically peak in summer. The county’s median home price did not surpass $300,000 […] Read more »

East Bremerton apartments sell for $16.5M

Minding Your Business Tad Sooter , tad.sooter@kitsapsun.com An affordable apartment complex in East Bremerton sold for $16.5 million in April, according to county records. The 172-unit Cottage Bay Apartment Homes, located across the street from Rolling Hills Golf Course on McWilliams Road, was purchased by a Los Angeles-based investment group.  Read more Read more »

KUOW Region of Boom series features stories on how the new Fast Ferry could impact Bremerton

Bremerton bets on a fast ferry. Will Seattleites? By Carolyn Adolph • Jun 14, 2017 KUOW Photo/Carolyn Adolph Bremerton hopes to be the next bedroom community for Seattle. The mayor is promoting the city, and developers are building places for people to live. From submarines to cyber warfare, Bremerton sticks to the mission and keeps its mouth shut By Joshua McNichols • Jun 14, 2017 […] Read more »

KING 5 story highlights impact of Fast Ferry on Kitsap housing market

Ryan Takeo, KING As Seattle’s hot housing market spills over to Kitsap County, real estate brokers report the upcoming fast foot ferry is an added selling point that’s peaked commuters’s interest. Home prices in Kitsap County have gone up 10.28 percent in the past year, according to the Northwest MLS. Still, the median home price in Kitsap County is $297,700. That’s less than half the […] Read more »

110-lot subdivision approved in West Hills

Tad Sooter , Kitsap Sun BREMERTON — A hearing examiner decision last month paves the way for 110 single-family home sites in the West Hills area of Bremerton. Bremerton Hearing Examiner Theodore Hunter approved a preliminary plat March 7 for the Wright Creek subdivision, owned by Poulsbo-based Olympic Property Group. The 110-lot neighborhood is planned off Third Avenue, southeast of Pendergast Park and west of the Sunn […] Read more »

Kitsap Housing College Market Place & Old Police Station apartments pre-application conference

The City of Poulsbo has scheduled a pre-application conference to discuss the submitted applications for Kitsap Housing College Market Place Track 8 and Vanaheimr Apartments (Old Police Station) Kitsap Housing College Market Place Track 8 The proposed development is a multi-family development in the Olhava Master Plan with a medium-density residential land use for 100 medium-density units on 8 net acres. The proposal will consist […] Read more »

West Bremerton’s median home price soared 30 percent in 2016

Tad Sooter, Minding Your Business Blog, The Kitsap Sun West Bremerton has long been a bastion of affordable housing in Kitsap. The county’s largest city remains its cheapest housing market. But even in Bremerton, costs are shooting up. The median price for homes sold in West Bremerton climbed from $145,000 in 2015 to $190,000 in 2016, according to Northwest Multiple Listing Service statistics. The 30 percent year-over-year […] Read more »

$15M Spyglass Hill Apartments open in Bremerton

Josh Farley , Kitsap Sun BREMERTON — Jireh Soriano wanted to live in the place in Kitsap “where everything’s gonna be.” The Illahee resident would gladly shed his car for a walkable commute. He wants to live near the restaurants where he dines, the stores he shops, the pubs where he meets friends. On Friday, the 33-year-old and his girlfriend, Gem Masikat, signed a lease […] Read more »

Port Orchard apartments sell for $38 million

Minding Your Business, Tad Sooter , tad.sooter@kitsapsun.com A California company has acquired Port Orchard’s Arbor Terrace apartments for $38.15 million, according to Friday news release. Los Angeles real estate company New Standard Equities and an affiliate of Brixton Capital bought the 276-unit Sidney Avenue complex earlier this month. New Standard Equities also owns the former Bremerton Gardens apartments — rebranded as Sea Glass Village — and purchased Village Fair in Central […] Read more »

Kitsap ends year with strong home sales, weak inventory

Tad Sooter, Minding Your Business Blog, Kitsap Peninsula Journal of Business A year ago we wrote about surging home sales, a shortage of listings and steadily rising prices. Twelve months have passed, but the storylines remain largely the same. Kitsap’s real estate market closed 2016 with strong sales, a depleted inventory and a higher median home price, according to numbers released by Northwest Multiple Listing Service. Pending […] Read more »