Bainbridge Island residential properties were selling for an October median price of $492,000, about 6% lower than in September. The more stable three month moving average of closed sale price fell 8% from last month to $536,333 and is 12% lower than it was a year ago. Sales at the top of the market lagged - there werre only 5 closed sales above $900k in Kitsap County last month. The Kitsap County 3 month moving average median price has fallen 6% over the past year. Note that prices tailed off at the end of last year so we expect this gap to close in the coming months. The 3 month moving average for Bainbridge Island's number of closed sales is 35% higher than a year ago. The 3 month moving average number of pending sales in October rose 57% from a year ago. The 3 month moving average of closed sales is up 8% Countywide from a year ago. The number of active listings on Bainbridge (208) is down 14% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.7 months, an improvement from the 9.3 month turnover rate of last month . Bainbridge Island is a buyers market.
About Brenda Prowse:
Prowse and Company celebrated its 11th anniversary on January 1, 2009, continuing as a significant presence in the Poulsbo and Kitsap Real Estate markets.
For over 30 years Brenda Prowse has been one of Kitsap County's top listing agents. If you are a buyer we have an experienced team of buyer agents who know the county from Port Orchard to Hansville and Bainbridge Island and know the land and multi family market just as well as a the residential market. Unlike most agents, they all have the help they need so that they can devote their entire effort to finding clients the right home.
With Prowse and Company, you receive first class service and great results! Whether you desire waterfront, view property, or even a ranch, Prowse and Company will have that special property listed or our Buyers agents will be able to find it for you.
"Our goal is for you to sell your home for the most profit in the least amount of time and for you to buy your home knowing that you have made the best choice at the right price."
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
