For the month of April 2012, the number of homes Sold in Indianola and Suquamish were about on par with the historical average for the past 18 months, but prices jumped significantly higher compared to the previous month while Distressed property sales (bank owned foreclosures, REO’s and Short Sales) were down near an 18 month low, and as in other local market areas, we saw a dramatic drop in the number of Short Sales processed and closed.
Currently there are 20 homes that are Pending Sale in Indianola & Suquamish (NWMLS Areas 168 & 167), which will translate into much higher closed sales in the next couple of months, and the market is busy which is consistent with the trend I am seeing in all other local markets.
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–Brian Wilson, Broker
John L. Scott Real Estate
19723 10th Ave NE; suite 200
Poulsbo, WA 98370