Bainbridge Island Real Estate Market Update | December 2019

Bainbridge Island Real Estate Market Update

The housing inventory continues its normal seasonal decrease.  At the end of November, the number of homes for sale was 62+/and today there are 42+/-.  Last year at this time there were 45+/- homes for sale. In the month of December this year there were 13 homes that went under contract (24 in November) and 26 closed sales (26 also in November) that sold at a median sales price of $807,500 and an average market time of 48 days. This compares to December 2018 where there were 17 homes that went under contract and 25 closed sales that sold at a median sales price of $1,195,000 and an average market time of 55 days. Through the end of December, there have been 391 closed sales that sold at a median sales price of $920,000 and an average market time of 44 days. Compared to the same period last year, there were 419 closed sales at a median sales price of $905,000 and an average market time of 40 days…. a 6.7% decrease in volume and a 1.7% increase in the median sales price this year. There were 6 new listings in the month of December, 3 of which are under contract/sold.

Here are the 13 homes that went under contract in December:

Price Address Contract Date
1 $645,000 2510 NE Fort Ward Hill Road 17-Dec House Sale Contingent
2 $699,000 6495 NE Adas Will Lane 19-Dec
3 $739,000 7567 NE Emerald Way 2-Dec
4 $798,000 1527 Arthur Place NW 9-Dec Closed 12/27 @ $800,000
5 $879,000 4652 Island Avenue NE 24-Dec
6 $895,000 11570 Logg Road NE 6-Dec Waterfront
7 $925,000 9279 Sands Avenue NE 25-Dec
8 $1,076,000 10249 Rodal Court NE 13-Dec
9 $1,150,000 3024 Yankee Girl NE 30-Dec
10 $1,275,000 5790 Packard Lane NE 30-Dec
11 $1,298,000 6428 Haley Loop Road NE 18-Dec
12 $1,448,000 15078 Sunrise Drive NE 11-Dec
13 $1,999,998 6801 NE Bergman Road 12-Dec Waterfront

 

“Information and statistics derived from Northwest Multiple Listing Service.”

Posted on January 5, 2020 at 2:53 am
Bill Hunt | Category: Real Estate Market Update | Tagged , , , ,

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