2013 Bainbridge Island End of Year Market Wrap-up



Bainbridge Island Real Estate Stats for 2013

Our Market is Back!


Buyers are competing for new inventory – which is nearing record lows – and must have a competitive edge.

Be prepared to Make an Offer!

  1. Get Pre Approved (not “pre qualified”) with a local lender, familiar to the Bainbridge Island Real Estate Brokers (see our “Community Links”)
  2. Sign-up for our “Auto-Search” and be the first to see all new listings on the island, plus Open Houses.
  3. E mail us and ask to be added to our Thursday Brokers Tour e mail list. This way you will have the opportunity to see all new inventory before most of the public does.

STATISTICS:

Inventory:

Residential Units on the Market as of 12/31/2013: 73


Condos on the Market as of 12/31/2013: 18


Vacant Land on the Market as of 12/31/2013: 38

SOLD:

Number of Closed Residential Sales 2013: 414 – representing a 9+% increase over 2012

Sales for 2005: 397


Closed Residential Sales for Same Period 2012: 386



Homes Under Contract (Pending Sale) 12/31/2013: 46

Closed Condo Sales 2013: 93
Closed Condo Sales for Same Period 2012: 80

Condos Currently Under Contract (Pending Sale): 6

Sold Vacant Land Year-to-Date: 52

Closed Vacant Land Sales for Same Period 2012 32
Vacant Land Currently Under Contract 9

Sold Vacant Land all of 2005: 69

Residential Sales: 2005 – 2012 – 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…24
251 to 500 Sold.. 167

501 to 750 Sold…126
751-1 Mil Sold…61


1 to 1.5 Mil Sold…28

1.5 to 2 Mil Sold…6






2 Million Plus Sold…2