Real Estate sales, prices & trends on Bainbridge Island for the month of October were all significantly higher than in September. This is a County-wide trend, but North Kitsap and Bainbridge Island had increases significantly above the County averaged data.
The number of homes Sold jumped from 35 in September to 48 in October which is an increase of over 31% month over month and near monthly highs for over 18 months.
The Average Selling price jumped a whopping 27% from just over $483,000 in September to nearly $615,000 in October! Incredibly, the median price for all homes sold during October also jumped nearly 26%, from $395,500 to $498,250! This increase was nearly the same as the increase for the average selling price. A strong performance indeed!
Distressed property sales (REO & Short Sales) remained at a low of only 15% of the homes Sold which is less than the number of distressed sales in September and lower than the County as a whole.
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