Home Sales and Prices on Bainbridge Island through October 2011

The following graph shows eighteen months of all home sales on Bainbridge Island through October 2011.  (For the most recent data, go here )

Home sales & prices on Bainbridge Island through October 2011

Home sales & prices on Bainbridge Island through October 2011

The information includes total monthly home sales, and compares the averages of: the original asking price, the price at which an offer was received, and then the actual selling price. 

There was a jump in the percentage of distressed property sales on Bainbridge Island in October, with Short Sales & Bank Owned properties comprising nearly 29% of the total sales, which is close to the levels in the other areas of Kitsap County. ¬† Short Sales were exactly 50% of the distressed properties for the month, with Bank Owned REO’s comprising the other 50%.

50% of the total monthly sales closed during the last 7 days of the month so the total home sales for October ended significantly higher than initially indicated, and have been at a nearly consistent level for the past 3 months.  The graph shows that total home sales also exceeded the seasonal levels from the same period in 2010.

-Brian Wilson, Broker
John L. Scott Real Estate – Poulsbo

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