New Listings; 27 Sold for 2010; New Advertising Opportunities with our Team

Happy New Year!  2010 was pretty fantastic with a 20% increase in residential sales ove 2009.  Georg and I had a banner year, breaking our 2009, 19 closed sales with 27 Closed Sales for 2010!  We already have two more under contract and in negotiation for a third, so we are off to a good start for this year. Over the next couple of months we have significant new listings hitting the market, so please keep visiting our website.

We are also running weekly listing ads in the Bainbridge Islander and have taken an entire page in the Homes and Land Magazine to advertise our listings, giving our client's the maximum exposure possible in print and on the internet.

We held a Broker's Open for our new $1,198,500, high end home at 5441 Island Ctr Dr., today with 70 agents viewing this gorgeous property on 2.5 pristine acres.  Check it out at www.cbmckenzie.com/147258

Beautiful, Right.  Go to the link for more picture.

In the meantime, here is a market update for you that can also be seen on http://www.movingtobainbridge.com/.

Updates on Current Market Conditions, Bainbridge Island


as of January 5, 2011

In 2009, the Syvertsen/Mortell Real Estate Team Sold 19 properties.

In 2010, WE SOLD 27 PROPERTIES!

There are currently 161 Homes on the Market, on Bainbridge Island, down from 197 Residential Units on November 7, 2010

RESIDENTIAL
Values have depreciated by approximately 8% to 10% for 2010

SOLD HOMES (Closed Sales):
2011 to date: 2 There are 38 pending home sales
2010 254 sold giving us an 20% increase in sales over 2009

2009 212 sold

2008: 186 sold

2007: 331 sold

2006: 350 sold

2005: 442 sold

2004: 467 sold

2003: 453 sold



Closed Sales For 2011
100K to 249K
250K to 400K: 1
401K to 500K:
501K to 600K:
601K to 700K:
701K to 800K: 1
801K to 900K:
901K to 1 Mil:
1.0 to 1.5 Mil:
1.5 to 2.0 Mil:
2.0 & above:

Closed Sales For 2010
100K to 249K 9
250K to 400K: 43
401K to 500K: 45
501K to 600K: 50
601K to 700K: 29
701K to 800K: 30
801K to 900K: 19
901K to 1 Mil: 3
1.0 to 1.5 Mil: 20
1.5 to 2.0 Mil: 3
2.0 & above: 4



Seven Day Market Watch from the Northwest Multiple Listing Service

New Listing (6)

Back On Market (8)

List Price Reduced (13)

List Price Increased (1)

Contingent (0)

Listing Expired (26)

Listing Pending (8)

Listing Sold (7)

Listing Canceled (1)

CONDOMINIUMS

To Date, we have seen 0 condos close. 53 Sold in 2010 ((5 of which were sold by the Syvertsen/Mortell Partnership): 55 sold in all of 2009; an extremely difficult year, with 44 sold in 2008: 133 sales in 2007 and 155 sales in 2006.

We have only 58 condos on the market today.