“Loving Island Life” Bainbridge Island Real Estate Market Update

Here is a quick overview of the Bainbridge Island Real Estate Market.  We are continuing to see a low inventory of homes for sale.  We have also seen a significant increase in sales of the high end luxury market that had previously been stagnant.

The median sales price for homes in Bainbridge Island WA for Jan 13 to Mar 13 was $423,031. This represents an increase of 93.5%, or $204,414, compared to the prior quarter and an increase of 27.5% compared to the prior year. Sales prices have depreciated 30.1% over the last 5 years in Bainbridge Island. The average listing price for Bainbridge Island homes for sale on Trulia was $881,769 for the week ending Apr 03, which represents a decline of 0.1%, or $899, compared to the prior week and a decline of 0.1%, or $978, compared to the week ending Mar 13. Average price per square foot for Bainbridge Island WA was $215, an increase of 2.9% compared to the same period last year.

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!