Silverdale Real Estate Market October 2009
Homes in Silverdale were selling for a October median price of about $277,250. This median is up 5% percent from a year ago. Silverdale's more stable 3 month moving average median closed sale prince in October of $274,083 was down about 2% from a year ago. Silverdale’s median price fell sooner and has remained fairly stable over the past year. The Kitsap County 3 month moving average median price is down 6% compared to a year ago. The 3 month moving average for Silverdale's number of closed sales was 17% higher than a year ago, compared to a rise in closed sales of 8% for the County as a whole. The number of Silverdale pending sales in October is up 11% from a year ago, but recall this number includes pending short sales that may not close. The number of active listings in Silverdale (81) is 31% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.1 months, lower than the 5.5 months reported last month. Silverdale has been one of the area’s better markets, but there appears to be a large shadow inventory of unsold homes not currently on the market that will deter prices from rising.
| Median Price | 3 mo Ave Price | 3 mo ave Closed Sales | 3 mo ave Pending Sales | Inventory Turnover (months) | |
| Oct 2009 | $277,250 | 274,083 | 14 | 16 | 8.1 |
| Sep 2009 | $275,000 | 306,000 | 20 | 16 | 5.5 |
|
Oct 2008 |
$265,000 | 280,300 | 12 | 16 | 6.8 |
