Bainbridge Island Real Estate Statistics as of April 23, 2014

Bainbridge Island is still seeing very low residential and condominium inventory.  As of today, we have only 89 homes and 30 condos on the market.

Year-To-Date, 92 homes have sold compared to 103 for the same period last year.

New to the Market Craftsman on the Water $2,950,000

The 9% decrease in sales can be attributed to a lack of inventory of homes priced under $600,000.  There is no lack of qualified, ready-to-purchase buyers!
Our condo inventory is also minimal, driving prices up as we see high demand and very low inventory.  As of today, we have seen 25 condo sales year-to-date; only 2 more than last year at this time.

Georg and I just sold a Harbor Sq Penthouse, representing the buyer. The condo was on the market last year but the listing had expired and the condo was not on the market. We contacted the listing brokers, wrote an offer and came to terms with a sale at $880,000.

We just listed the home one floor below it; a beautiful 2 bedroom view condo and found ourselves with a contingent sale in a very short time.

Harbor Sq View Condo Priced at $548,600

~ This home is under contract with a “home sale contingency”. The home is still available to prospective buyers writing a “non-contingent” offer ~
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Sales YTD       Priced at
  • 14          $000,000-250,000
  • 45         $251,000-500,000
  • 31          $501,000-750,000
  • 10          $751,000-1,000,000
  • 07          $1,001,000-1,250,000
  • 05          $1,251,000-1,500,000
  • 02          $1,501,000-2,000,000
  • 03          $2,000,000+
Residential Sales: 2005 – 2013
Year       Number of Sales      Median Price        Average Days on Market
2013               414                            $525,000                                      75
2012               386                           $524,650                                       100
2011                257                           $493,000                                       155
2010               255                           $540,000                                       132
2009              212                            $546,000                                       198
2008               186                           $589,000                                       161
2007                331                           $680,000                                       98
2006                350                          $673,750                                         98
2005                397                           $650,000                                        91
Number of Bainbridge Island home sales compared to
current listings & homes under contract:
Single Family Homes
Curnt vs. Prev Month: For Sale -2.8% | Sold -8% | Pended 3.3%
Curnt vs. Same Month 1 Yr Ago: For Sale -34.3% | Sold -32.4% | Pended -34%
Single Family Homes
Curnt vs. Prev Month: Avg. Sq. Ft. Price 25.7%
Curnt vs. Same Month 1 Yr Ago: Avg. Sq. Ft. Price 27.3%
Single Family Homes

Curnt vs. Prev Month: For Sale -2.8% | Sold -8% | Pended 3.3%
Curnt vs. Same Month 1 Yr Ago: For Sale -34.3% | Sold -32.4% | Pended -34%