“Loving Island Life” Bainbridge Island Market Update

Here are the latest market numbers for Bainbridge Island Real Estate. Of particular interest: existing home pending contracts and sales for October were way up, thus far into the fall season. Median prices are way up too. Inventory is down.

More new homes coming on the market, so builders are feeling more optimistic. 

Condo market is picking up.  

Active Listings –

• October Inventory – Existing Homes                      – 34%
• YTD New Listings – Existing Homes                      – 4.8%

• October Inventory – New Homes                            + 40%
• YTD New Listings – New Homes                             + 17%

• October Inventory – Condos                                   –  47%
• YTD New Listings – Condos                                    – 20%

• October Inventory – New Condos                           –  93%
• YTD New Listings – New Condos                            – 76%

Pending

• October Pending – Existing Homes                          + 71%
• YTD Pending – Existing Homes                                 + 63%

• October Pending – New Homes                                  – 0-
• YTD Pending – New Homes                                     + 13%

• October Pending – Condos                                     – 60%
• YTD Pending – Condos                                            + 16%

Closed Sales

• October Closed Sales – Existing Homes               + 45%
• October Median Price – Existing Homes          + 37 %
• YTD Closed Sales – Existing Homes                     + 48%
• YTD Median Price – Existing Homes                     + 10%

• October Closed Sales – New Construction           even
• October Median Price – New Construction          – 44%
• YTD Closed Sales – New Construction                 – 8%
• YTD Median Price – New Construction                 – 10%

• October Closed Sales – Condos                            + 100%
• October Median Price – Condos                       + 50 %
• YTD Closed Sales – Condos                                   + 25%
• YTD Median Price – Condos                                   – 3%

 For more information about Events and things to do on Bainbridge Island, our Real Estate Market , Bainbridge Island Lifestyle, Condominiums, Luxury Waterfront Homes, Equestrian Properties, and Estates and Farms, visit www.homesforsaleonbainbridgeisland.com. Discover what “Loving Island Life” is all about!