Bainbridge Island Market Statistics as of January 23, 2010

Updates on Current Market Conditions, Bainbridge Island


as of January 23rd, 2010



RESIDENTIAL

There are currently 154 residential units on the market. 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: 6 sold Sold for Same Period 2009: 7 There are 35 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



There are currently 7 condos pending sale.



Closed Sales Since November 23rd, 2009

250K to 400K: 5

401K to 500K: 1

501K to 600K: 0

601K to 700K: 0

701K to 800K: 1

801K to 1 Mil: 0

1.0 to 1.5 Mil: 1

1.5 and Above: 0

(On average, we are seeing homes close at about 8% less than their last list price. This does not take into account the original list price.)



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 75 condos on the market, which is down from the peak of 114 in 2009.