Bainbridge Island End of Year 2013 Home Sales & Price Trends

Bainbridge Island Dec 2013 & 18 Mo Prior homes sold data

Bainbridge Island Real Estate Report December 2013

Bainbridge Island Real Estate continues on its upward trend in homes sold from  its seasonal low in October. There were 36 home sales during December 2013. Though this  is a bit lower than the 41 sold during December 2012,  which were extraordinary, it is above the normal seasonal level we would expect and is indicative of a continuing strong sales trend in the coming year.

 

Distressed property sales on Bainbridge Island during December 2013 accounted for 19% of total sales. This is lower than the 22% in  Kitsap County as a whole, but was well above the typical levels we’ve been seeing on Bainbridge.  This increase in distressed property sales likely accounts for the lower average and median selling prices for homes Sold during this period.

On a high note, the average total days a home was on the market before selling was only 79, which is near the low during the previous 4 months.  So, despite an increase in distressed property sales during December,  homes are still selling quite quickly on Bainbridge Island

Here is the December 2013 Real Estate Data for Bainbridge Island:

Avg. Original $ $558,456
Avg. Listing $ $535,319
Avg. Selling $ $518,792
Avg. Median $ $458,778
Avg. $/Sq Ft $229
TTL # Sold 36
CDOM 79
DOM 73
# Distressed 7
% Distressed 19%
SS 5
REO 2

Thank you for visiting our blog. Feel free to contact either Brian or Jana, as we would love to answer any questions or help you with your real estate needs.  We hope you will visit our blog monthly for the most up-to-date information.

Brian Wilson, Broker; mobile: 360-689-2466

-and-

Jana Salmans, Managing Broker; mobile: 360-509-9684

John L. Scott Real Estate
19723 10th Ave NE; Suite 200
Poulsbo, WA 98370

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Data Source: Northwest MLS (NWMLS)
The NWMLS, Brian Wilson or Jana Salmans do not guarantee the accuracy of this data and are not responsible for it’s accuracy. Data from the NWMLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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