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There were 5 homes Sold in the combined area of Indianola and Suquamish during the month of April 2013. This is the same number of homes that were sold during the same period one year ago and for the previous 6 months, the number of monthly home sales has been in a very tight range from 4 to 7.
With few sales, it is difficult to extrapolate particularly meaningful results from the data, but for consistency in monthly reporting the median selling price during April was $275,000 and the Average was $295,200. Both of these are lower than during the same period one year ago.
Some great news is that for the first time in over a year, there were zero (0) distressed sales for the month of April! Reviewing the Pending sales, it appears that about 21% of them are distressed which is at the low end of the range for these areas since we’ve been tracking the data.
Looking ahead, there are currently currently 27 pending sales (22 if the Short Sales are removed) so we anticipate a large increase in the number of home sales that will be closed in the next couple of months. It appears however; that a large number of the currently pending sales are in the lower price ranges, so the estimated median selling prices for these pending sales will be in the $200,000 range.
Currently, as of May 17, 2013 there are 35 Active listings (homes for sale) in Indianola and Suquamish with a median asking price of about $325,500 and an average asking price of about $446,000. There are 3 homes for sale in the area with an asking price over $1Million and a couple more that are very close to this level.
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John L. Scott Real Estate
19723 10th Ave NE; Suite 200
Poulsbo, WA 98370