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Silverdale Real Estate Market - February 2010

By
Real Estate Agent with Prowse and Company

Homes in Silverdale were selling for a February median price of about $255,925. This median is about the same as a year ago. Silverdale's more stable 3 month moving average median closed sale prince in January of $253,308 was down about 3% from a year ago. The Kitsap County 3 month moving average median price is 4% higher than it was a year ago.  The 3 month moving average for Silverdale's number of closed sales was the same as a year ago. The 3 month moving average of closed sales is up 55% Countywide from a year ago.  The number of Silverdale pending sales in February is the same as a year ago, but recall this number includes pending short sales that may not close. The number of active listings in Silverdale (72) is 17% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 18 months, a big slowdown from the 7.2 months last month. Silverdale is still a buyer's market. 

Silverdale Real Estate - February 2010
  Median Price 3 mo Ave Price 3 mo ave Closed Sales 3 mo ave Pending Sales Inventory Turnover (months)
Feb 2010 $255,925 $253,308 8 13 18
Jan 2010 $230,000 $259,667 11 11 7.2
Feb 2009 $256,500 $260,567 8 13 8.7

More About Silverdale Market Trends

Posted by

Brenda Prowse
Broker/Owner - Prowse and Company

Certified Distressed Property Expert (CDPE)