Saturday, February 8, 2014
The Importance of "Scoping" The Septic System
If the home you
are purchasing is serviced by a septic system, it is important to
include Form 22S, the Septic Contingency with your offer; requiring the
Seller to provide you with a recent (no more than twelve months old)
inspection report. If the system is a "standard system", it is important
to either ask the Seller to have the system "scoped" or to do it
yourself. Scoping is not covered in the inspection. If there is a break
in the line from the home to the system or the lines in the drainfield
legs, scoping will find it, allowing you to resolve this issue with the
Seller prior to closing.
Bainbridge Island Homes For Sale - Market Update February 10, 2014
Residential and Condo Inventory has reached record lows. Buyers are vying for new inventory.
If You Are Buying a Property on Bainbridge Island:
Get Pre Approved (not pre qualified) with a local lender (see our Community Links)
Sign-up at www.MovingToBainbridge.com for our "Auto-Search" and be the first to see all New Island Listings and Open Houses.
Year-To-Date, Bainbridge Island Statistics:
Residential Units on the Market: 59, down from 73 on 12/31/13
Condos on the Market : 11 down, from 18 on 12/31/2013
Vacant Land on the Market: 42
Sales:
Number of Closed Residential Sales: 26
Number of Closed Residential Sales 2013 Same Period: 27
Homes Currently Under Contract (Pending Sale): 44
Number of Closed Condo Sales: 6
Number of Closed Condo Sales 2013 Same Period: 7
Condos Currently Under Contract (Pending Sale): 15
Sold Vacant Land: 6
Closed Vacant Land Sales for Same Period 2012 3
Vacant Land Currently Under Contract 12
Sold Vacant Land all of 2013: 52
Sold Vacant Land all of 2005: 69
Residential Sales: 2005 - 2013 - Median Price and Average Days on Market
2013....414 $525,000 average days on market 75
2012... 386 $524,650 average days on market 100
2011... 257 $493,000 average days on market 155
2010... 255 $540,000 average days on market 132
2009... 212 $546,000 average days on market 198
2008... 186 $589,000 average days on market 161
2007... 331 $680,000 average days on market 98
2006... 350 $673,750 average days on market 98
2005... 397 $650,000 average days on market 91
Breakdown of Residential and Pending Sales as of December 31, 2013
000 to 250 thousand Sold...0
251 to 500 Sold.. 10
501 to 750 Sold...7
751-1 Mil Sold...5
1 to 1.5 Mil Sold...3
1.5 to 2 Mil Sold...0
2 Million Plus Sold...1
If You Are Buying a Property on Bainbridge Island:
Get Pre Approved (not pre qualified) with a local lender (see our Community Links)
Sign-up at www.MovingToBainbridge.com for our "Auto-Search" and be the first to see all New Island Listings and Open Houses.
Year-To-Date, Bainbridge Island Statistics:
Residential Units on the Market: 59, down from 73 on 12/31/13
Condos on the Market : 11 down, from 18 on 12/31/2013
Vacant Land on the Market: 42
Sales:
Number of Closed Residential Sales: 26
Number of Closed Residential Sales 2013 Same Period: 27
Homes Currently Under Contract (Pending Sale): 44
Number of Closed Condo Sales: 6
Number of Closed Condo Sales 2013 Same Period: 7
Condos Currently Under Contract (Pending Sale): 15
Sold Vacant Land: 6
Closed Vacant Land Sales for Same Period 2012 3
Vacant Land Currently Under Contract 12
Sold Vacant Land all of 2013: 52
Sold Vacant Land all of 2005: 69
Residential Sales: 2005 - 2013 - Median Price and Average Days on Market
2013....414 $525,000 average days on market 75
2012... 386 $524,650 average days on market 100
2011... 257 $493,000 average days on market 155
2010... 255 $540,000 average days on market 132
2009... 212 $546,000 average days on market 198
2008... 186 $589,000 average days on market 161
2007... 331 $680,000 average days on market 98
2006... 350 $673,750 average days on market 98
2005... 397 $650,000 average days on market 91
Breakdown of Residential and Pending Sales as of December 31, 2013
000 to 250 thousand Sold...0
251 to 500 Sold.. 10
501 to 750 Sold...7
751-1 Mil Sold...5
1 to 1.5 Mil Sold...3
1.5 to 2 Mil Sold...0
2 Million Plus Sold...1
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