“Loving Island Life” Bainbridge Island Real Estate Market Watch

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.

Average price per square foot for Bainbridge Island WA was $208, an increase of 6.1% compared to the same period last year. The median sales price for homes in Bainbridge Island WA for Feb 13 to Apr 13 was $380,000 based on 19 home sales. Compared to the same period one year ago, the median home sales price decreased 21.3%, or $103,006, and the number of home sales increased 46.2%. There are currently 181 resale and new homes in Bainbridge Island on Trulia, including 18 open houses, as well as 47 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Bainbridge Island WA was $833,356 for the week ending May 08, which represents a decrease of 3.4%, or $28,894, compared to the prior week.

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!