Bainbridge Island Real Estate Market Update | October 2020

Bainbridge Island Real Estate

 

The Bainbridge Island real estate market continues to move at a rapid pace. Although inventory is down 60% compared to this time last year, October sales were up by nearly 39% and a record 70% of new listings that came on the market went under contract.

September ended with 46± homes on the market. At the end of October, that number dropped to 29± homes for sale. There were 54 new listings in October, 38 of which went under contract. Additionally, 19 homes already on the market went under contract for a total of 57 (see below). There were 53 sales that closed in October at a median sales price of $1,175,000 with an average market time of 23 days.

Comparatively, for the month of October last year, there were 74± homes for sale, 30 homes that went under contract, and 38 closed sales at a median sales price of $1,027,000 with an average market time of 52 days.

Through the end of October, there have been 387 closed sales at a median sales price of $1,000,000. Compared to the same period last year, there were 339 closed sales at a median sales price of $920,000, an increase in volume of 14.2% and an 8.7% increase in the median sales price.

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

Price Address Contract Date
1 $399,900 11729 Royal Avenue NE 10/23  
2 $422,500 10780 Falk Road NE 10/22 Closed 10/22 @ $422,500
3 $625,000 487 Cave Avenue NE 10/1  
4 $650,000 1120 Lovell Avenue NE 10/27 Closed 10/27 @ $650,000
5 $675,000 12024 Pleasant Place NE 10/26  
6 $679,000 7096 NE Bay Hill Road 10/28  
7 $699,000 6405 Baker Hill Road NE 10/27  
8 $699,000 10302 NE Beach Crest Drive 10/6  
9 $715,000 10329 NE Sunrose Lane 10/6  
10 $738,000 876 Cherry Avenue NE 10/21  
11 $739,000 760 Fords Court NW 10/16  
12 $739,000 768 Fords Court NW 10/13  
13 $739,000 776 Fords Court NW 10/8  
14 $739,000 744 Fords Court NW 10/6  
15 $783,000 720 Lovell Avenue NW 10/12  
16 $798,000 5191 Taylor Avenue NE 10/15  
17 $825,000 5244 Lynwood Center Road NE 10/21  
18 $828,000 1035 Grow Avenue NW 10/15 Closed 10/30 @ $936,000
19 $839,900 10585 NE Manor Lane 10/3  
20 $859,000 12640 Manzanita Road NE 10/27  
21 $868,000 9310 NE Midship Court 10/13 Closed 10/27 @ $925,000
22 $868,000 5799 Wimsey Lane NE 10/22  
23 $885,000 5479 NE Foster Road 10/27  
24 $913,000 8129 NE Blakely Heights Court 10/27  
25 $924,000 3147 Point White Drive NE 10/25  
26 $929,000 636 Janelle Place NW 10/8  
27 $998,500 9797 NE Murden Cove Drive 10/14  
28 $1,032,274 4656 Tangleberry Lane NE 10/8 Closed 10/8 @ $1,032,274
29 $1,095,000 5395 Taylor Avenue NE 10/16  
30 $1,138,000 9651 Sportsman Club Road NE 10/22  
31 $1,150,000 10220 NE Lafayette Road NE 10/25 Waterfront
32 $1,168,000 8676 Cherry Orchard Lane NE 10/16  
33 $1,198,000 4757 Tangleberry Lane NE 10/18  
34 $1,198,000 9779 NE Charisma Circle 10/21  
35 $1,349,000 9635 NE Raccoon Lane 10/12  
36 $1,379,900 4397 Point White Drive 10/21  
37 $1,386,000 9875 NE Nelson Hill Lane 10/6  
38 $1,400,000 10485 NE Sunrise Bluff 10/9 Closed 10/9 @ $1,400,000
39 $1,425,000 812 Isaac Avenue NE 10/14  
40 $1,449,000 240 Parfitt Way SW 10/25  
41 $1,490,000 7578 NE Bergman Road 10/24  
42 $1,495,000 7416 NE Abies Drive 10/15  
43 $1,498,000 879 Taurnic Place NW 10/25  
44 $1,498,000 3672 Lavender Lane NE 10/19  
45 $1,575,000 8650 NE Reserve Way 10/27  
46 $1,595,000 9638 Green Spot Place NE 10/11 Waterfront
47 $1,597,000 8538 NE Gordon Drive 10/13 Waterfront
48 $1,598,000 16364 Reitan Road NE 10/24 Waterfront
49 $1,798,000 533 Wood Avenue SW 10/27  
50 $1,998,000 3964 Southern Cross 10/6  
51 $2,168,000 10458 Arrow Point Drive NE 10/20 Waterfront
52 $2,300,000 10016 NE Ewing Street 10/21 Waterfront
53 $2,349,000 3394 Point White Drive NE 10/31 Waterfront
54 $2,795,000 6846 Wing Point Road NE 10/2 Waterfront
55 $2,850,000 11610 Wing Point Way NE 10/29 Waterfront
56 $2,990,000 5066 Rockaway Beach Road NE 10/25 Waterfront
57 $6,288,000 12269 Arrow Point Loop NE 10/14 Waterfront; Closed 10/29 @ $6,300,000


Information and statistics derived from Northwest Multiple Listing Service.
 

Posted on November 16, 2020 at 7:38 pm
Bill Hunt | Category: Real Estate Market Update | Tagged , , , ,

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