Bainbridge Island Real Estate Market Update | May 2020

 

The real estate market continues to show the effects of the economic slowdown due to the Coronavirus, although activity is picking up. And despite both the decline in inventory and number of sales year-to-date compared to this time last year, 61% of the new listings in May went under contract.

April ended with 53± homes on the market. At the end of May, there were 59± homes for sale. There were 31 new listings, 19 of which went under contract. Additionally, 23 homes already on the market went under contract for a total of 42 (see below). There were 27 sales that closed in May at a median sales price of $899,000 with an average market time of 39 days.

Comparatively, for the month of May last year, there were 86± homes for sale, 48 homes that went under contract, and 46 closed sales at a median sales price of $952,500 with an average market time of 21 days.

Through the end of May, there have been 115 closed sales at a median sales price of $915,000. Compared to the same period last year, there were 133 closed sales at a median sales price of $909,000, a decrease in volume of 13.5% and a minor 0.7% increase in the median sales price.

Here are the 42 homes that went under contract in May:

Price Address Contract Date
1 $538,000 12660 Crown Drive NE 5/22
2 $539,000 8608 NE Belle Hill Lane 5/18
3 $559,000 16751 NE Sanwick Place 5/26
4 $565,000 16061 Agatewood Road NE 5/14
5 $598,000 604 Deercliff Road NE 5/25
6 $625,000 12511 Kallgren Road NE 5/2
7 $639,000 9019 Holly Farm Lane NE 5/27
8 $650,000 6894 NE Lot B Koura Road 5/19 House Sale Contingent
9 $659,000 561 Madrona Drive NE 5/6
10 $699,999 14832 Highway 305 NE 5/9
11 $719,000 13922 John Street NE 5/28
12 $725,000 10810 Hart Lane NE 5/19
13 $728,000 5382 Crystal Springs Drive NE 5/5
14 $759,000 7596 NE Meadowmeer Lane 5/1
15 $769,000 11361 Logg Road NE 5/5
16 $799,950 7250 NE Bay Hill Road 5/9
17 $819,000 8998 Fletcher Bay Road NE 5/23
18 $825,000 5249 Rose Avenue NE 5/6
19 $852,000 9808 NE Radio School Road 5/7 Closed 5/7 @ $852,000
20 $888,000 12661 Sunrise Drive NE 5/5 Closed 5/29 @ $918,000
21 $890,000 772 Park Avenue NE 5/20
22 $895,000 7453 Day Road West 5/5
23 $939,000 348 Ashbury Court NW 5/26
24 $1,035,000 9617 Battle Point Drive NE 5/21 Closed 5/21 @ $1,035,000
25 $1,048,000 12136 Kallgren Road NE 5/23
26 $1,099,000 11051 Fairmont Lane NE 5/25
27 $1,100,000 7584 NE Golden Lane 5/21
28 $1,129,500 10674 N Madison Avenue NE 5/9
29 $1,138,000 7850 NE Ledgestone Loop 5/20
30 $1,148,000 8318 NE Sumanee Place 5/6
31 $1,175,000 8421 NE Grizdale Lane 5/17
32 $1,195,000 6444 NE Hidden Cove Road 5/1
33 $1,298,000 7043 Berganio Lane 5/15
34 $1,398,000 16181 Agate Pass Road NE 5/2
35 $1,485,000 4813 NE Dotson Loop 5/7
36 $1,495,000 4480 North Tolo Road NE 5/1
37 $1,500,000 4825 NE Dotson Loop 5/24
38 $1,748,000 6679 Latyson Lane NE 5/22
39 $1,765,000 5012 Crystal Springs Drive NE 5/29
40 $1,798,000 1239 Hawley Way NE 5/30
41 $1,996,000 15733 Point Monroe Drive NE 5/30 Waterfront
42 $2,300,000 15920 Euclid Avenue NE 5/2 Waterfront

 

Information and statistics derived from Northwest Multiple Listing Service.

Posted on June 11, 2020 at 9:19 pm
Bill Hunt | Category: Real Estate Market Update | Tagged , , , ,

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