“Loving Island Life” Market Update
The median sales price for homes in ZIP code 98110 in Bainbridge Island from Mar 12 to May 12 was $500,280 based on 7 sales. Compared to the same period one year ago, the median sales price increased 12.4%, or $55,280, and the number of sales decreased 69.6%. Average price per square foot for homes in 98110 was $187, a decrease of 50% compared to the same period last year. There are currently 233 resale and new homes in ZIP code 98110 on Trulia, including 1 open house, as well as 36 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 98110 was $843,811 for the week ending May 30, which represents an increase of 0.8%, or $6,898, compared to the prior week.
Some interesting MLS stats just released for The Bainbridge Island Real Estate Market:
Resale Residential
- Inventory – DOWN 16% for May12/May11
- Pending Sales – UP 204% for May/May and UP 63.5% YTD/YTD
- Units Sold – UP 219% for May/May and UP 31.5% YTD/YTD
- Median Sales Price – UP 16% for May/May and UP 3.5% YTD/YTD
Not bad stats for this year! Is it possible we may have a sellers market?
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!
