{"id":593,"date":"2012-01-07T16:51:09","date_gmt":"2012-01-07T23:51:09","guid":{"rendered":"https:\/\/mykitsaprealestate.net\/wordpress\/?p=593"},"modified":"2012-02-18T15:48:09","modified_gmt":"2012-02-18T22:48:09","slug":"home-sales-prices-on-bainbridge-island-through-dec-2011-3","status":"publish","type":"post","link":"https:\/\/mykitsaprealestate.net\/wordpress\/2012\/01\/07\/home-sales-prices-on-bainbridge-island-through-dec-2011-3\/","title":{"rendered":"Home Sales & Prices on Bainbridge Island through Dec. 2011"},"content":{"rendered":"
\"Graph<\/a>

Graph Showing 19 months of Home Sales & Prices on Bainbridge Island through Dec 2011<\/p><\/div>\n

(For the most recent data, go here <\/a><\/strong>)<\/em><\/p>\n

Compared to the past several months, home sales on Bainbridge Island during December,\u00a0were at their lowest level in several months in\u00a0terms of\u00a0the number of homes sold.\u00a0 \u00a0There was also a jump\u00a0in\u00a0the percentage of sales\u00a0that were\u00a0“distressed properties” which includes Short Sales and REO’s (bank owned foreclosures),\u00a0 to about 37% of the total sales.\u00a0<\/p>\n

One month of data doesn’t make a trend and the real estate market on Bainbridge Island has been relatively stronger than all of the other areas in Kitsap for some time, and has typically had a lower percentage of “distressed sales”.\u00a0 It is also important to recognize that the Real Estate market on Bainbridge Island has a significant seasonality, with total monthly sales declining in the Winter and picking up again in the Spring.<\/p>\n

There are a couple of\u00a0bright sides to the data:\u00a0<\/p>\n

One is that the\u00a0average home prices remained near their highs for the past 7 months, and were only exceeded during the previous Spring market.\u00a0<\/p>\n

It is also interesting to note that while high-end luxury home sales on Bainbridge Island, identified as those exceeding a price of\u00a0$1 Million were at their lowest level in more than\u00a07 years, the rate of sales for these homes increased into the end of the year.\u00a0 There was an equal number Sold in the last quarter, compared with the number Sold in the previous 6 months, so it appears the high-end luxury home market is strengthening.<\/p>\n

Here is a graph by year, from 2002 – 2011 showing\u00a0the number of high-end luxury homes Sold on Bainbridge Island exceeding a Sales price of $1,000,000:<\/p>\n

\"10<\/a>

10 Years of Luxury Home Sales Data on Bainbridge Island (> $1,000,000)<\/p><\/div>\n

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Thank You for visiting our blog, and as always, in the comment section below, please let us know your thoughts, comments, ideas or suggestions for ways we can improve or information you’d like to see.\u00a0\u00a0If you find our information valuable or interesting, we’d appreciate you for sharing it with your sphere.\u00a0<\/p>\n

-Brian Wilson, Broker
\nJohn L. Scott Real Estate – Poulsbo<\/p>\n","protected":false},"excerpt":{"rendered":"

(For the most recent data, go here ) Compared to the past several months, home sales on Bainbridge Island during December,\u00a0were at their lowest level in several months in\u00a0terms of\u00a0the number of homes sold.\u00a0 \u00a0There was also a jump\u00a0in\u00a0the percentage … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/593"}],"collection":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/comments?post=593"}],"version-history":[{"count":4,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/593\/revisions"}],"predecessor-version":[{"id":945,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/593\/revisions\/945"}],"wp:attachment":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/media?parent=593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/categories?post=593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/tags?post=593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}