Silverdale Real Estate
Homes in Silverdale were selling for a median price of about $330,000 at the end of March, up about 4% from a year ago. However, the YTD median dropped about 15% from its value last month, so the distribution of sales is becoming more like in past years for this market. The March median closed sale of $295,000 was 11% less than a year ago. Kitsap County median prices have fallen 5.3% over the past year. The number of YTD closed sales was down 42% from a year ago, compared to a drop in closed sales of 26% for the County as a whole. The number of pending sales YTD is down 37% from a year ago. The number of active listings in Silverdale (133) is 25% higher than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 14.8 months, a sharp increase from 9.8 months in February.
The Silverdale real estate market is more expensive than Bremerton and somewhat less expensive than Poulsbo. It is more developed than communities to the north, but remains unincorporated. Silverdale has the region's only large shopping mall. Neighborhoods here are mostly established, but in general homes are newer than in Bremerton, having been built in the '80s and '90s as the Bangor Naval Base was expanding. It remains a preferred location for many Navy families coming to the area. Be sure to check our our information about the Central Kitsap School system - the statistics from CK schools are surprisingly good. Trulia.com has a consise statistical summary about Silverdale.
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