Will 2017 bring price increases? | Just Ask Jan

Dear Jan: Now that we are in a new year, do you see house prices going up again this year? Should we sell now or wait? — DHDW

Dear DHDW: 2016 was a fantastic year in real estate. In Kitsap County, according to the Northwest Multiple Listing Service, home prices increased by 9.3 percent last year. That is fantastic. The greater Seattle area was at a 14 percent increase, so we are not far behind them.

We have a shortage of inventory in the overall market. Trendgraphics shows that there are only 1.3 months of inventory on the market today. (If no new homes come on the market, that is how long it would take to empty the inventory.)

Lennox Scott, the owner of John L. Scott, spoke at our office meeting this week. He keeps tabs on the financial forecast nationally and locally. He said the forecast is for us to have another great year, seeing about a 10 percent increase in prices.

Now, for your other question about selling now or later … That is something only you can answer. If you are buying another home in the area, it too is going up in price. Brainstorm with your local real estate broker; he or she can help you make that decision.

Because I work in Kingston, I am excited about my sellers seeing a healthy increase in price if they sell. Of course, the flip side is that I, along with other taxpayers, will be paying more in property taxes as prices go up. No way around that one! Bottom line: 2017 will be another fantastic year in real estate.

Best wishes with your decision,


— Jan Zufelt is a broker for John L. Scott Real Estate in Kingston. Contact her at janz@johnlscott.com.

More in Life

Vote now in the Kitsap County Pet Photo Contest!

Submit photos through Oct. 18; vote for your favorites Oct. 19-24

Fathoms Royalty Court finding new ways for fun

Queen and her court wave to Bay Street motorists

Take part in Fathoms float, Royalty Court drive-by on Saturday

Celebrate team’s efforts for 2020 with a wave

Kitsap/Bainbridge Island Back-to-School Photo Contest!

Submit photos through Sept. 20; vote for your favorites Sept. 21-27

Black Ring Spirits concocts award-winning local liquors

But as with most small operators, the pandemic has taken a bite from revenues

BENEE, ATLYS: Female musicians breaking through the barriers

BENEE’s bouncy sound from Down Under entices; ATLYS’s debut album is a compelling world journey

South Kitsap Walk to End Alzheimer’s is Aug. 29

Event will be a little different this year

Virus notwithstanding, golfers are heading to the links

South Kitsap golf courses are seeing an outpouring of golfers during warm, sunny days


Local part of Trident protest Peace activists, including Rev. Gilberto Perez of… Continue reading

This I know: Staying active important during virus lockdown

(Noella Rosentrater, a seventh-grader at Woodward Middle School, shares how physical routine… Continue reading

Bainbridge scenery sets the backdrop for short horror film

Island resident Courtney G. Jones’ ‘Wood Witch’ was recently picked up by Amazon Prime Video

Six songs of protest that still resonate today

As the nation grapples with the continual systemic issues of racial injustice… Continue reading