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Real Estate

WASHINGTON (AP) — Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.

Doing so would mean giving up an irresistible rate in exchange for a new mortgage carrying a rate up to a percentage point higher. Their monthly payments would be larger even for a house of the same price. That’s discouraging some people from selling, thereby limiting the supply of available homes and contributing to slower home sales. read more »

 
Bucklin Court project would be next to Silverdale Beach Hotel

A luxury condo development with a fine-dining restaurant is in the works on a Silverdale waterfront site between Old Mill Park and the Best Western Plus Silverdale Beach Hotel.

Daybreak Development, LLC recently filed plans with Kitsap County for a four-story building with underground parking for condo residents and some commercial tenants. read more »

 

Wes Larson certainly has gone places in his career — make that careers. 

The Bremerton native and UW alum who once worked at the downtown Woolworth’s as a stock boy has lived in Japan, where he taught English and studied karate. (Larson currently teaches a youth karate class at a downtown Bremerton studio.)  read more »

 
Plan to move out of Bremerton campus leaves both communities assessing long-term impacts

Harrison MedicalCenter’s decision to build a new hospital in Silverdale and move out of its flagship campus in Bremerton will have substantial impacts on both communities as Harrison carries out its plan over the next four years. read more »

 

 

By Rachel Anne Seymour, Kitsap Sun

Michael Burns of Bainbridge Island is the businessman buying the former Poulsbo City Hall for $1.2 million.

Poulsbo Mayor Becky Erickson recently signed a sale agreement Wednesday, but the identity of the buyer wasn’t made known until Friday.

Burns is considering building a hotel or apartments with retail space on the ground floor. He has been developing apartments and subdivisions on Bainbridge Island since the early 1990s, said Jim Laughlin, his real estate broker. read more »

 

Real estate brokers report some skittishness among both buyers and sellers, but the latest statistics from Northwest Multiple Listing Service indicate the housing market in its 21-county area in Western Washington is continuing to rebound. Both the number of pending sales and the number of new listings added to inventory during April reached their highest levels in 11 months.

Closed sales of single-family homes and condominiums were slightly below the year-ago volume, while the median sales price rose slightly (up about 1.9 percent).  read more »

 
Environment

Stillwaters Environmental Center in Kingston will begin its Planting a Green Roof project on March 23 at 1 p.m. The center is looking for volunteers to with the planting, especially individuals able to lift and climb.

This is an opportunity to participate in a new way of building while helping the community. For those wanting to watch and learn, time will be spent talking about how the project is being implemented and information will be handed out.

Anyone who would like to get involved, or be an observer, should contact Naomi Maasberg at 360-297-1226 or naomi [at] stillwatersenvironmentalcenter [dot] orgread more »

 
Real Estate And Construction

The Coffee Oasis was set to open its new location on Bay Street in Port Orchard on March 1, after months of efforts by volunteers to renovate the former Bay Street Ale House building. Jesse Westwood, shown at the service counter, will manage the café operation and there will be a separate youth center on the second floor.The Coffee Oasis will serve its namesake beverage brewed from locally roasted beans, and continue serving the needs of street youth, at its new Port Orchard location that opened March 1.

In the days leading up to the “soft opening” of the café at 807 Bay St., volunteers were putting finishing touches on walls, floors and kitchen equipment in the space that used to be Bay Stree Ale House until that business closed in 2011. read more »

 

After a year of waiting, the Gig Harbor Arts Center Alliance expects to receive its official 501(c)3 status from the Internal Revenue Service this spring — and with that, it can start fundraising for a feasibility study. Organizers have been working on the idea of a regional arts center for a couple of years, but need the feasibility study to determine operating costs, revenue potential and economic impact of the proposed campus. The study would also help determine whether the proposed center is the right size and fit for the community.

“There have been a lot of arts centers that closed doors because their model wasn’t set up to accommodate bad economic times,” said alliance president Anne Knapp, a Gig Harbor artist and former president of Peninsula Art League. “We want to make sure the center would be sustainable and more regional (in reach.)” read more »

 
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