{"id":778,"date":"2012-03-03T16:45:52","date_gmt":"2012-03-03T23:45:52","guid":{"rendered":"https:\/\/mykitsaprealestate.net\/wordpress\/?p=778"},"modified":"2012-03-03T16:45:52","modified_gmt":"2012-03-03T23:45:52","slug":"bainbridge-island-real-estate-sales-and-prices-for-february-2012-and-including-18-months-of-historical-data","status":"publish","type":"post","link":"https:\/\/mykitsaprealestate.net\/wordpress\/2012\/03\/03\/bainbridge-island-real-estate-sales-and-prices-for-february-2012-and-including-18-months-of-historical-data\/","title":{"rendered":"Bainbridge Island Real Estate Sales and Prices for February 2012 and including 18 months of historical data"},"content":{"rendered":"
\"Bainbridge<\/a>

Bainbridge Island Home Sales and Prices Aug 2010 through February 2012<\/p><\/div>\n

The number of homes sold on Bainbridge Island for February 2012 was up 86% from the previous month and up 75% from the same period one year earlier, however; the average selling price is a different story.\u00a0 For February 2012, 25% of the homes Sold on the island were distressed and since there were zero (0) Short Sales, all of the distressed sales were bank owned foreclosures.\u00a0\u00a0<\/p>\n

Unlike nearly every other month since tracking the data, the Real Estate market on Bainbridge Island for February 2012 is a tale of two markets<\/em>.\u00a0 On one hand\u00a0we see that over 85% of the foreclosed properties sold on the island\u00a0were Sold at a price below $400,000.\u00a0 Since this category comprises nearly 25% of the total sales, it had a significant negative impact on the average home sale price for the month.<\/p>\n

On the other hand, there were 4 sales in excess of\u00a0$1 Million Dollars, (more than we’ve seen for quite some time) but these only accounted for 14% of the homes sold so they were not enough to offset the negative impact of all the low priced foreclosures sold during the month.<\/p>\n

The number of sales in the upper mid range ($600K –\u00a0$900K) only accounted for about 11% of the market,\u00a0much lower than “normal” in the last couple of years.<\/p>\n

I believe this is an anomaly because I have never seen such skewed data since methodically tracking it on the Island\u00a0for the past couple of years.\u00a0 Stay tuned next month, I’m betting the average sale price will jump back closer to the trending line for the previous 6 months.\u00a0<\/p>\n

It is very positive and a vote of confidence<\/em> for the real estate market on the island, and the economy,\u00a0to see an increasing number of sales in excess of $1 Million Dollars.<\/p>\n

If you’d like to see the February 2012 Real Estate sales data for all of Kitsap County go here<\/a><\/p>\n

If you’d like to see a comparison of distressed home sales with total home sales in Kitsap County for Fenruary 2012 go here<\/a><\/p>\n

Thank You for visiting our blog, we hope it has been helpful or at least interesting to you.\u00a0 If you would like to see different data or information or if you have any comments, please let us know.<\/p>\n

–Brian Wilson, Broker
\n<\/a>John L. Scott Real Estate\u00a0
\n\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The number of homes sold on Bainbridge Island for February 2012 was up 86% from the previous month and up 75% from the same period one year earlier, however; the average selling price is a different story.\u00a0 For February 2012, … 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":[282,280,281,283,284,285],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/778"}],"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=778"}],"version-history":[{"count":2,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/778\/revisions"}],"predecessor-version":[{"id":780,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/778\/revisions\/780"}],"wp:attachment":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/media?parent=778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/categories?post=778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/tags?post=778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}