September home sales in Indianola and Suquamish followed an expected seasonal market decrease for the number of homes Sold, while average selling prices were slightly above the level from one year ago. Over the previous year we have seen significant monthly variations in the number of homes Sold, the Average & Median Prices in this market area, however; there is a general increasing trend that can be seen over the last year.
The combined area of Indianola and Suquamish includes waterfront, view, and a variety of other properties, explaining the erratic variations in average sale prices from month to month.
Another factor which has a significant impact on prices and varies month-to-month is the percentage of homes Sold that are distressed, which for the Month of September, comprised half of the homes sold. These distressed properties typically sell at a significant discount compared to non-distressed home sales and dramatically skew price data when they comprise such a high percentagee of the sales.
Indianola and Suquamish, are great locations, close to commuter routes, and have a variety of amenties from view, waterfront, homes on large lots, and a full range of price points for any budget and should be considered by home buyers looking for a diverse, interesting, and beautiful area in which to live!
Thank You for visiting our blog.
By Briana Wilson,
reviewed by Brian Wilson, Broker
19723 10th Ave NE; suite 200
Poulsbo, WA 98370