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Silverdale Real Estate Market - October 2010

By
Real Estate Agent with Prowse and Company
Homes in Silverdale were selling for a October median price of about $264,000, 5% lower than a year ago. Silverdale's more stable 3 month moving average median closed sale price was $255,633, about 7% lower than a year ago. The Kitsap County 3 month moving average median price is 1% higher than it was a year ago.  The 3 month moving average for Silverdale's number of closed sales was down 40% from a year ago. The 3 month moving average of closed sales is down 24% Countywide from a year ago. The 3 month moving average of Silverdale pending sales in October fell 19% from a year ago. The number of active listings in Silverdale (97) is 20% higher than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 9.7 months,  quicker than the 14.2 month turnover reported last month. Silverdale is  a buyer's market.

Silverdale Real Estate - October 2010
Median Price 3 mo Ave Price 3 mo Ave Closed Sales 3 mo Ave Pending Sales Inventory Turnover (months)
October 2010 $264,000 255,633 9 13 9.7
September 2010 $242,900 300,450 11 11 11.4
October 2009 $277,250 274,083 14 16 8.1

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Posted by

Brenda Prowse
Broker/Owner - Prowse and Company

Certified Distressed Property Expert (CDPE)