As with Kitsap County as a whole, Real Estate sales and prices had significant increases in Indianola & Suquamish during the month of October as compared to September and in fact as with other North Kitsap communities, the gains were much higher than the County-wide improvement.
The number of homes Sold increased from 4 to 11, with the average selling price jumping from about $328,000 in September, to nearly $374,000 in October; a gain of 14% month over month. The median selling price skyrocketed from $about $281,000 in September to $425,000 in October, an impressive 51% gain!
Very interestingly, the percentage of sold homes in Indianola & Suquamish that were distressed (REO, bank-owned foreclosures or Short Sales) was about 18% (2 homes), which follows about in line with the data for other communities and the County as a whole. So regardless of the area, or sales volume, the distressed sales were reasonably consistent across all areas at near the lows we’ve seen for a very long time.
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