There were 5 homes sold in Indianola & Suquamish during January 2014. The average and median selling price are the lowest we have seen in this 19 month real estate data. Yet, this area tends to be highly variable in home sales, as there are a large variety of property types & values and January is typically a seasonal low point.
The average selling price for January 2014 was $142,424 with an average median price of $161,520. The last time prices were in this range was in December 2010. While seasonal lows are expected, these declines were beyond expectations, but we believe them to be anomalies and will very likely show a big improvement next month and beyond.
On a good note, the homes sold during this month had a fairly low days on the market (DOM) of 73. The past 6 months we have seen ranges of 31 to 162. Distressed properties, while low at only 2,of the 5 homes sold, still accounted for 40% of homes sold. During the same period a year ago, distressed properties accounted for 71% of sales during January 2013. Thus, despite the low sales numbers, we do see a drastic decline in distressed property sales!
Here are the rest of the stats for this month:
|Average Original $||$167,450|
|Average Listing $||$149,004|
|Average Sale $||$142,424|
|Average Median $||$185,900|
|# Homes Sold||5|
|# Short Sale||1|
Check back on our blog often to get the most up-to-date information on the area!
Brian Wilson, Broker; 360-689-2466
Jana Salmans, Managing Broker; 360-509-9684
John L. Scott Real Estate
19723 10th Ave NE; Suite 200
Poulsbo, WA 98370
Data Source: Northwest MLS (NWMLS)
The NWMLS, Brian Wilson or Jana Salmans do not guarantee the accuracy of this data and are not responsible for it’s accuracy. Data from the NWMLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.