Bainbridge Island Home Sales – 18 Months – Through June 30 2011

Bainbridge Island Home Sales Data Through June 2011

Bainbridge Island Home Sales and Prices Chart

(If you want the most recent data, go here )

The chart above shows 18 Months running of Home Sales and Prices on Bainbridge Island, through June 30, 2011.  For each month, for all of the Sold Homes, you can see the Average initial asking price, the Average listing price at which an offer was received, and then the Average “Sold” price.
The Bainbridge Island Market continues to have a slightly lower percentage of “distressed” properties on the market compared with the rest of Kitsap County. While the average percentage of Distressed Sales in Kitsap County have been between 33 – 39% of all Sales,  on Bainbridge Island in May, just 6 out of the 27 Sold (22%), were distressed (Bank Owned or Short Sales).  In June 6 out of 33 Sold (18%) were distressed Sales. 
 
As of June 30, there were 43 homes in some sort of “Pending” status so it appears Sales are continuing their seasonal rising trend and appear headed for the largest monthly sales volume we’ve seen on the island since more than two years ago!
 
While increasing numbers of home sales is great, prices on the island remain under pressure as the number of homes on the market are also pushing a two-year high, so supply is still way outpacing demand and Buyers are continuing to be extremely selective.
-Brian Wilson, Broker
John L. Scott – Poulsbo
 

About admin

Presently I'm a full time Real Estate Broker with John L. Scott Real Estate in Poulsbo, WA. In Kitsap County, our team of two earned one of only four "Presidents Elite" awards for Sales in 2010! I received my degee in Electrical Engineering (BSEE) from the University of Washington in 1999 and then worked as a Sr. System Engineer for Cerner Corp. in Kansas City, MO. I worked on IBM/AIX Servers running Oracle Databases, and MS Windows workstations on the client side installing, updating, and educating clients in the Hospital & Healthcare industries. Previous to all this, I co-founded 2 electronics companies which designed and manufactured a variety of electronic products including test equipment for Volve Penta and Volvo Cars of N. America, Marine Sonar equipment and fish finders, and then our own unique non-intrusive unltrasonic tank fluid monitoring system, which found applications in diverse industries including: cosmetics, nuclear, food, chemicals and semi-conductor processing. In these ventures my positions varied from product design, product development management, and marketing. If you haven't see the new Real Estate Site, for my partner Jana Salmans and I, please visit: http://www.JanaAndBrian.com Thank You for visiting, please come back often. -Brian Wilson (admin)
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