Bainbridge Island Real Estate Market Update | July 2020

The pace of our Island real estate market continues to be brisk. Lack of inventory build-up remains a problem, as there would typically be twice the number of homes for sale this time of year as there are now. Although the total number of sales is slightly down for the year compared to last, 39% of the new listings in July went under contract.

June ended with 44± homes on the market. At the end of July, there were 46± homes for sale. There were 69 new listings in July, 27 of which went under contract. Additionally, 19 homes already on the market went under contract for a total of 46 (see below). There were 52 sales that closed in July at a median sales price of $1,028,750 with an average market time of 31 days.

Comparatively, for the month of July last year, there were 108± homes for sale, 36 homes that went under contract, and 44 closed sales at a median sales price of $840,500 with an average market time of 31 days.

Through the end of July, there have been 218 closed sales at a median sales price of $966,000. Compared to the same period last year, there were 228 closed sales at a median sales price of $919,500, a decrease in volume of 4% and a 5% increase in the median sales price.

Here are the 46 homes that went under contract in July:

Price Address Contract Date
1 $495,000 12335 Kallgren Road NE 7/27
2 $589,500 7573 NE Emerald Way 7/31
3 $595,000 9570 NE Beachcrest Drive 7/24
4 $649,000 12265 Miller Road NE 7/6
5 $650,000 6894 NE Lot B Koura Road 7/12
6 $675,000 2000 Douglas Drive NE 7/29
7 $710,000 8810 Pitcairn Place NE 7/12
8 $715,000 9500 Bucsit Lane NE 7/13
9 $715,000 763 Fords Court NW 7/28
10 $729,000 8615 Springridge Road NE 7/1
11 $729,000 130 Wallace Way NW 7/23
12 $778,000 6024 Rose Loop NE 7/20
13 $825,000 10756 Sunrise Drive NE 7/14
14 $828,000 9561 NE Mary Sam Lane 7/27
15 $828,000 7206 NE Abies Drive 7/12
16 $830,000 2112 Belfair Avenue NE 7/7 Closed 7/7 @ $830,000
17 $839,000 7301 NE Pearl Court 7/20
18 $849,000 7479 NE Hidden Cove Road 7/17
19 $849,995 8205 Blakely Court West 7/21
20 $865,000 15415 Sunrise Drive NE 7/16
21 $869,718 8332 New Holland Court NE 7/28
22 $869,900 763 Klickitat Place NE 7/23
23 $900,000 6894 NE Koura Road 7/12
24 $998,000 13755 Sunrise Drive NE 7/25
25 $1,000,000 642 Annie Rose Lane NW 7/6 Closed 7/6 @ $1,000,000
26 $1,047,500 9236 Ferncliff Avenue NE 7/23 Closed 7/23 @ $1,047,500
27 $1,085,000 12075 Surnise Drive NE 7/13 Closed 7/13 @$1,085,000
28 $1,089,000 657 Annie Rose Lane NW 7/6
29 $1,124,500 9785 NE Murden Cove Drive 7/27
30 $1,197,000 7393 NE Dolphin Drive 7/23
31 $1,225,000 722 Ferryview Lane NE #7 7/14
32 $1,290,000 1178 Aaron Avenue NE 7/30
33 $1,365,000 8230 Grand Avenue NE 7/21
34 $1,375,000 13501 Manzanita Road NE 7/1 Waterfront
35 $1,385,000 1029 Cherry Avenue 7/31 Closed 7/31 @ $1,385,000
36 $1,395,000 10283 NE Woodhaven Lane 7/10
37 $1,425,000 5784 Rose Loop NE 7/26
38 $1,498,000 15289 Harvey Road NE 7/23 Waterfront; Closed 7/24 @ $1,325,000
39 $1,500,000 4823 NE Dotson Loop 7/13
40 $1,510,000 4427 Blakely Avenue NE 7/21
41 $1,585,000 8633 NE Reserve Way 7/8
42 $1,595,000 12662 Sunrise Drive NE 7/21 Waterfront
43 $1,595,000 6601 NE New Brooklyn Road 7/18
44 $1,598,000 10811 Bill Point View NE 7/28
45 $1,998,000 7700 NE Hidden Cove Road 7/30 Waterfront
46 $2,395,000 7422 Madrona Drive NE 7/11 Waterfront

 

 

Information and statistics derived from Northwest Multiple Listing Service.

Posted on August 15, 2020 at 11:27 pm
Bill Hunt | Category: Real Estate Market Update | Tagged , , , ,

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