Friday, September 2, 2011

Bainbridge market report for August

 Closed Transactions Month of August

Please note: we are comparing closings for August of this year to last year's August.

10% more homes closed in August this year.

Transactions took about 22 days longer to close.  The average selling price was down 26%.  
Sellers accepted seven percent less than they originally asked.


There are 269 homes in inventory,  11 fewer than last month, at all price ranges (the highest listing is $8.8M).  Average listing  price is $924,143, up from last month) , with  the median price dropping from $657,000 last month to $645,000.  
In summary, Bainbridge has fewer homes in inventory with prices higher than last month. It is still a buyer's market.

If you would like details of the home that closed in your neighborhood, call or email me.




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