Updates on Current Market Conditions, Bainbridge Island
as of March 7th, 2010
RESIDENTIAL
There are currently 181 residential units on the market up from 154 on January 23rd. There were 215 on November 19th and 232 on October 14th. As of August 9th, 2009, there were 264 residential units on the market. This is the optimal time to sell your home given the lack of substantial inventory to compete with.
SOLD HOMES (Closed Sales):
2010 to date: 31 sold Sold for Same Period 2009: 26 There are 41 pending home sales
2009 212 sold giving us an 8.7% increase in residenital sales over 2008.
2008: 186 sold
2007: 331 sold
2006: 350 sold
2005: 442 sold
2004: 467 sold
2003: 453 sold
Closed Sales Since January 7th, 2009
100K to 249K 2
250K to 400K: 2
401K to 500K: 4
501K to 600K: 6
601K to 700K: 2
701K to 800K: 2
801K to 900K: 4
901K to 1 Mil: 0
1.0 to 1.5 Mil: 6
1.5 and Above: 2
CONDOMINIUMS
55 sold in 2009; an extremely difficult year, with 44 sold for the same period in 2008: 133 sales in 2007 and 155 sales in 2006. We have 69 condos on the market (with 7 sales to date this year), which is down from the peak of 114 in 2009.