Market Conditions and Current Syvertsen/Mortell Sales for the Year!

With 19 homes sold last year, Georg and I soared into a very promising 2010 and we are seeing tremendous results for our clients both selling and buying homes!  We have already closed six properties to date.  We represented both the buyers and sellers on three of these properties, and the buyers on the other three.  We currently have another five homes under contract, four of them our listings.  Below are a few of the homes we have sold!

Meadowmeer, Country Club, a Penthouse at Madrone Village and a Pre Foreclosure on Maxwell.

Updates on Current Market Conditions, Bainbridge Island


as of March 26th, 2010

RESIDENTIAL

There are currently 198 residential units on the market up from 154 on January 23rd. 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. We are seeing a slight, seasonal uptick.

SOLD HOMES (Closed Sales):
2010 to date: 45 sold Sold for Same Period 2009: 34 There are 40 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

Closed Sales Since March 26th, 2010
100K to 249K 2
250K to 400K: 5
401K to 500K: 8
501K to 600K: 9
601K to 700K: 4
701K to 800K: 3
801K to 900K: 4
901K to 1 Mil: 0
1.0 to 1.5 Mil: 8
1.5 and Above: 2

CONDOMINIUMS
To Date, we have seen 8 condos close. 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 only 65 condos on the market, which is down from the peak of 114 in 2009.