November market report for Bainbridge: More closings, fewer homes in inventory

Bainbridge: Closed Transactions November

Please note: we are comparing closings for November of this year to the same month last year.

The Bainbridge market improved for the third consecutive month. Six percent more homes closed last month.

Transactions closed five days slower.  The average selling price was up 28%.  
Sellers accepted 13% less than they originally asked.

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

There are 194 homes in inventory*, 46 fewer than last month, at all price ranges (the highest listing is $8.8M).  Average listing  price is $965,000, up $19,000 from last month) , with  the median price increasing to $650,000.  

In summary, Bainbridge has fewer homes in inventory with prices higher than last month. It is still a buyer's market, but the trend is moving toward neutral. 

*not counting bank-owned properties

Bainbridge market continues to improve

Closed Transactions Month of October

Please note: we are comparing closings for October of this year to the same month last year.

The Bainbridge market improved for the second consecutive month. 69% more homes closed last month.

Transactions closed five days faster.  The average selling price was up 34%.  
Sellers accepted 15% less than they originally asked.

There are 221 homes in inventory,  13 fewer than last month, at all price ranges (the highest listing is $8.8M).  Average listing  price is $946,000, up again from last month) , with  the median price falling from $670,000 last month to $639,000.  

In summary, Bainbridge has fewer homes in inventory with prices lower than last month. It is still a buyer's market, but the trend is moving toward neutral.

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

Bainbridge market activity up in 3rd quarter

Bainbridge Island Third Quarter Closed Transactions

Activity during the third quarter this year increased 15% over the third quarter of last year.

Transactions closed in about the same time.  The average sale price fell 13%. Sellers accepted nine percent less than they originally asked.

If you'd like the selling details of the home that sold in your neighborhood, just ask.

Bainbridge market report for September

 Closed Transactions Month of September

Please note: we are comparing closings for September of this year to the same month last year.

The Bainbridge market continues to improve. 44% more homes closed last month.

Transactions closed 47 days faster.  The average selling price was down 32%.  
Sellers accepted nine percent less than they originally asked.


There are 235 homes in inventory,  34 fewer than last month, at all price ranges (the highest listing is $8.8M).  Average listing  price is $956,000, up again from last month) , with  the median price rising from $645,000 last month to $670,000.  

In summary, Bainbridge has fewer homes in inventory with prices higher than last month. It is still a buyer's market, but the trend is moving toward neutral.

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

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.

Second quarter activity very slow in Bainbridge

Second Quarter 2011

The second quarter of 2011 showed a marked decline in transactions compared to the second quarter of 2010, but remember that there was increased activity last year due to the tax credit.

Nearly a third fewer transactions. Closings nearly two weeks slower.

The average selling price dropped two percent. Sellers accepted 13% less than they had originally asked.

If you'd like the selling details of the home that closed in your neighborhood, send me an email. I'll be happy to send them to you.

Bainbridge market: June adds homes to inventory

 Closed Transactions Month of June

Please note: we are comparing closings for June of this year to last year.

26% fewer homes closed in June this year.

Transactions took about 10 days longer to close.  The average selling price was down nine percent.  

Sellers accepted 12% less than they originally asked.


There are 249 homes in inventory, 20 more than last month, at all price ranges (the highest listing is $8.8M).  Average listing  price is $949,000, down from last month) , with half the inventory under $679,000.  

Factoring out homes listed at over $1M, the average home in Bainbridge is listed at $541,000, with half the homes under $479,000.  

In summary, Bainbridge has more homes in inventory with prices lower than last month. Still a strong buyer's market.

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

Bainbridge market still slow in May

 Closed Transactions Month of May

Please note: we are comparing closings for May of this year to last year.

32% fewer homes closed in May this year.

Transactions took nearly 4 months longer to close.  The average selling price was 20%  higher.   

Sellers accepted 16% less than they originally asked.


There are 226 homes in inventory at all price ranges (the highest listing is $8.8M).  Average listing  price is $982,166) , with half the inventory under $695,000.  

54 of the homes on the market are priced over $1M. Factoring out those listings results in 157 homes averaging $558,500, with half of these homes under $525,000.

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

Bainbridge housing report for April

 Closed Transactions Month of April

Please note: we are comparing closings during this year's April and last year's April.

28% fewer homes closed in April this year.

Transactions closed nearly a month more slowly.  The average selling price was six percent higher.   

Sellers accepted 16% less than they originally asked.


There are 193 homes in inventory at all price ranges (the highest listing is $4.4M).  Average listing  price is $863,000) , with half the inventory under $645,000. 

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

First quarter activity up in Bainbridge

First Quarter 2011

The first quarter of 2011 saw a healthy increase of 12% compared to the first quarter of 2010.

Transactions closed more quickly (37 days). The average selling price dropped 18%. Sellers accepted 17% less than they had originally asked.

If you are a buyer, now is the time. If you are a seller, be patient.

If you'd like the selling details of the home that closed in your neighborhood, send me an email. I'll be happy to send them to you.

Bainbridge sales continue to improve in March

 Closed Transactions Month of March

Please note: we are comparing closings during this year's March and last year's March.

14% more homes closed in March this year.

Transactions closed 35 days faster.  The average selling price dropped 19 percent.   

Sellers accepted 11% less than they originally asked.


There are 167 homes in inventory at all price ranges (the highest listing is $4.1M).  Average listing  price is $831,643) , with half the inventory under $650,000.  These figures include two homes over $1.1M.

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

Bainbridge sales pick up slightly in February

 Closed Transactions Month of February

Please note: we are comparing closings during this year's February and last year's February.

17% more homes closed in February this year.

Transactions closed three months faster.  The average selling price was less by 25 percent.   

Sellers accepted 26% less than they originally asked (the average sale price is skewed because of an unusually high number of $1M+ homes selling in February 2010).

There are plenty of homes in inventory at all price ranges ($170,000 - $4,275,000). Average asking price is $878,838, with half of the 157 homes under $650,000.

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

Correction: More Bainbridge transactions in 2010 than in 2009.

Annual Transaction Report for 2010

Here are last year's statistics for Bainbridge Island. This is a correction to the February 15 post, which contained corrupted data. My apologies.

2010 saw an increase of nineteen percent in closed transactions compared to the previous year. On average, transactions closed a month sooner in 2010 than in 2009.


The average sale price dropped four percent. Sellers accepted thirteen percent less than their original listing price.

Bainbridge Island continues to be a buyers' market. As of February 15, there are 161 single family homes in inventory.  

Average list price is $850,000, but there are homes in every price bracket. Half the homes on the market are below the median list price of $640,000.

If you'd like the selling details of the home that closed in your neighborhood, just ask. 

2010 December sales up from 2009 December sales in Bainbridge

 Closed Transactions Month of  December

Please note: we are comparing closings during this year's December and last year's December.

Closings were up 13% this December compared to December of last year.

Transactions closed much faster.  The average selling price was up by nearly 20 percent.   

Sellers accepted 18% less than they originally asked. 

Inventory on Bainbridge is still good.  It's still a buyer's market.

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

Still a buyer's market in Bainbridge

 Closed Transactions Month of November

Only eleven percent fewer closings last month than there were last year during the same time period.  This is an improvement over October's figures.

Transactions closed much faster.  The average selling price was down by twenty-seven percent.   Sellers are pricing their homes much more realistically.

Inventory on Bainbridge is still good.  It's still a buyer's market.

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

Bainbridge market up 1/3 over the first three quarters!

Through the first three quarters of the year, the Bainbridge housing market appears to be recovering. This is good news for sellers, and still good news for buyers.\

The number of closed transactions increased by nearly one third. The average sales price dropped slightly, but far less than the national average (remember real estate is local).

If you are interested in the details of the home that closed in your neighborhood, just email and they're yours.

Bainbridge market still sluggish

Closed Transactions Sept 8-15

The average sale price is skewed because of another unusually large sale. That sale took nearly two years to close, so average time on market is also skewed.

Overall, the market continues slow and continues to favor buyers.

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

Think times are tough? They're not!

Thanks to Steve Cook for sending these photos. If you think times are tough, look at what was happening in our country 70 years ago!

Closed Transactions August 8-14

Bainbridge closed 75% more transactions than last year during this time period.  Silverdale, Poulsbo and Kingston lagged behind.  But in Silverdale, Poulsbo and Bainbridge, transactions closed much quicker. 

The average sale price dropped in all markets (except for Kingston).

If you'd like the selling details of the home that closed in your neighborhood,  just ask.

Passenger ferry slated for Kingston

No kidding this time (pay attention, yo). If this comes through, look for a lot of activity in the Kingston market by this time next year. Easier access from Seattle to Kingston brings more people. People buy houses.

Closed Transactions August 1-7

Bainbridge and Kingston were the only markets making any progress over last year at this time, and that hardly worth noting on Bainbridge. Kingston picked up dramatically.  No closings in Silverdale.  Poulsbo not much better.

If you'd like the selling details of the home that closed in your neighborhood,  just ask.

North Kitsap Market Report: July 8-14

Closed Transactions July 8-14

Almost no activity again this week, and what little there was much less than that during the period last year.

Except for Silverdale, which saw no activity at all, time on market was less in all areas, particularly in Bainbridge Island.  The sole transaction in Bainbridge Island closed in 6 days--possibly a buyer was waiting for the listing and jumped on it, offering the seller the listing price.

If you'd like the selling details of the home that closed in your neighborhood,  just ask.

Incidentally, Dave and Diana have their Miller Bay Road home on the market--you might want to drive by for a look. Contact me for the address.