Bainbridge Island Real Estate Market - December 2011

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Real Estate Agent with Prowse and Company

Bainbridge Island residential properties were selling for a December median price of $483,000, about 5% lower than in November and less than 13% lower than a year ago. The more stable three month moving average closed sale price rose 5% from last month to $486,000 and is 6% lower than a year ago. The Kitsap County 3 month moving average median price is about 1% lower than it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is about 7% higher than a year ago. The 3 month moving average of closed sales is up 3% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in December was down 13% from a year ago. The number of active listings on Bainbridge (173) is 20% lower than in November and 11% higher than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.7 months, faster (due to falling inventory) than the 11.3 months in November and slower than the 6 months of a year ago. Bainbridge Island is a buyer’s market.

 

Bainbridge Island Real Estate - December 2011
Median Price3 mo Ave Price3 mo Ave Closed Sales3 mo Ave Pending SalesInventory Turnover (months)
December 2011 $483,000 $486,000 20 21 8.7
November 2011 $510,000 $441,667 23 26 11.3
December 2010 $554,500 $515,292 19 24 6.0

More About Bainbridge Island Real Estate

Posted by

Brenda Prowse
Broker/Owner - Prowse and Company

Certified Distressed Property Expert (CDPE)

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Location:
Washington Kitsap County Bainbridge Island
Tags:
bainbridge island waterfront
bainbridge island homes for sale
bainbridge island real estate
bainbridge island market trends

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Rainmaker
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Sharon Lord
Argent Décor - AZ Vacation Home Furnishing Service
Argent Décor

Brenda - I'm always curious to see what the markets are like in different areas.  WOW our $136k avg sales price looks pretty whimpy now!  ;)  Have a great weekend!

January 13, 2012 03:09 PM
Rainer
802,613
Ronald DiLalla
No. Orange Cty Real Estate
Century 21 Discovery DRE 01813824

Hi Brenda, always interested in market reports on other communities.  thanks for sharing.

January 13, 2012 03:26 PM
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Brenda Prowse

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