Bainbridge Island Real Estate Market Update | August 2020

Bainbridge Island August 2020

 

The Bainbridge Island real estate market continues to move at a rapid pace as 69% of the new listings in August went under contract. Lack of inventory continues to be problematic as there would typically be more than twice the number of homes for sale this time of year as there are now. Despite the effects of the economic slowdown due to the COVID-19 pandemic, the total number of sales is slightly up for this year compared to last.

July ended with 46± homes on the market. At the end of August, there were only 32± homes for sale. There were 51 new listings in August, 35 of which went under contract. Additionally, 19 homes already on the market went under contract for a total of 54 (see below). There were 60 sales that closed in August at a median sales price of $867,500 with an average market time of 25 days.

Comparatively, for the month of August last year, there were 78± homes for sale, 45 homes that went under contract, and 38 closed sales at a median sales price of $1,034,500 with an average market time of 38 days.

Through the end of August, there have been 278 closed sales at a median sales price of $931,000. Compared to the same period last year, there were 266 closed sales at a median sales price of $920,000, an increase in volume of 4.5% and a slight 1.2% increase in the median sales price.

Here are the 54 homes that went under contract in August: 

Price Address Contract Date
1 $559,000 12980 Roe Road NE 8/30
2 $559,000 12049 N Madison Avenue NE 8/7
3 $565,000 8437 Katy Lane NE 8/27
4 $599,000 1339 Stonecress Lane NE 8/4
5 $627,000 16224 Reitan Road NE 8/1 House Sale Contingent
6 $638,000 8034 Ferncliff Avenue NE 8/4
7 $649,000 12060 Pleasant Place NE 8/21
8 $689,000 6901 NE West Port Madison Road 8/29
9 $689,000 674 Moji Lane NW 8/22
10 $690,000 5345 Rose Avenue NE 7/30
11 $699,000 11193 Blue Pond Place NE 8/24
12 $699,900 9700 NE Kitsap Street 8/17
13 $718,000 13948 Sunrise Drive NE 8/19 House Sale Contingent
14 $729,000 720 Fords Court NW 8/15
15 $739,000 776 Fords Court NW 8/25 House Sale Contingent
16 $739,000 747 Fords Court NW 8/20
17 $749,000 739 Fords Court NW 8/12
18 $750,000 13066 Phelps Road NE 8/9
19 $750,000 7581 NE Meadowmeer Lane 8/7 Closed 8/28 @ $740,000
20 $775,000 7575 Madrona Drive NE 8/6
21 $785,000 2363 Roberston Avenue NE 8/14
22 $789,000 6695 NE Bayview Boulevard 8/31
23 $793,500 860 Cherry Avenue NE 8/20
24 $798,000 7931 NE Walden Lane 8/26
25 $799,000 2385 Roberston Avenue NE 8/19
26 $799,000 14419 N Madison Avenue NE 8/10
27 $895,000 8975 Ferncliff Avenue NE 8/20
28 $998,000 4652 Island Avenue NE 8/31
29 $999,995 11008 NE Mountain View Road 8/25
30 $1,068,000 12082 Sunrise Drive NE 8/2 Waterfront
31 $1,095,000 5774 Wimsey Lane NE 8/14
32 $1,135,000 7254 NE New Brooklyn Road 8/25 House Sale Contingent
33 $1,159,000 12594 NE Winter View Lane 8/30
34 $1,185,000 6686 NE Bergman Road 8/17
35 $1,198,000 8018 Hansen Road NE 8/21
36 $1,200,000 6564 NE Maple Street 8/15
37 $1,290,000 563 Park Avenue NE 8/26
38 $1,290,000 10245 NE Sunrise Place 8/11
39 $1,295,000 668 Ferryview Lane NE 8/11
40 $1,315,000 5199 New Sweden Avenue NE 8/1
41 $1,350,000 10550 Arrow Point Drive NE 8/25
42 $1,385,000 439 Brien Drive SE 8/25
43 $1,398,000 350 Morrill Place NE 8/24
44 $1,399,950 7330 NE Dolphin Drive 8/6
45 $1,600,000 8641 NE Reserve Way 8/13
46 $1,625,000 4849 NE Dotson Loop 8/14
47 $1,650,000 4835 NE Dotson Loop 8/19
48 $1,699,000 10425 Falk Road NE 8/22 Waterfront
49 $1,725,000 8617 NE Reserve Way 8/3 House Sale Contingent
50 $2,298,000 6475 Crystal Springs Drive NE 8/12 Waterfront
51 $3,875,000 9255 NE Fort Street 8/12
52 $4,425,000 3864 Point White Drive NE 8/1 WFT; Closed 8/18 @ $4,300,000
53 $5,180,000 6789 NE Bergman Road 8/27 WFT; Closed 8/27 @ $5,180,000
54 $6,388,000 8802 & 8804 Spargur Loop Road NE 8/24 Waterfront

  

Information and statistics derived from Northwest Multiple Listing Service.

Posted on September 8, 2020 at 8:23 pm
Bill Hunt | Category: Real Estate Market Update | Tagged , , , ,

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