Real Estate Market Update • January 12, 2021

Bainbridge Island Real Estate Market Update | December 2020

by Bill Hunt

Bainbridge Island December 2020

The housing inventory continues to decline from last month. Although a decrease in volume is expected this time of year, a 60% reduction in inventory is notable. However, 88% of new listings that came on the market in December went under contract and again last month, closed sales were up compared to last year.

November ended with 22± homes on the market. At the end of December, there were only 17± homes for sale. There were 17 new listings in December, 15 of which went under contract. Additionally, 5 homes already on the market went under contract for a total of 20 (see below). There were 30 sales that closed in December at a median sales price of $1,021,250 with an average market time of 40 days.

Comparatively, for the month of December last year, there were 42± homes for sale, 13 homes that went under contract, and 26 closed sales at a median sales price of $807,500 with an average market time of 46 days.

Through the end of December, there have been 475 closed sales at a median sales price of $1,010,000. Compared to the same period last year, there were 391 closed sales at a median sales price of $920,000, an increase in volume of 21.5% and a 9.8% increase in the median sales price.

Here are the 20 homes that went under contract in December:

	Price	Address	Contract Date
1	$699,000	5777 NE Foster Road	12/19
2	$715,000	11741 Olympic Terrace Ave NE	12/1
3	$720,000	4140 Lytle Road NE	12/24
4	$749,000	6336 NE Jordan Drive	12/7
5	$775,000	6202 NE Old Mill Road	12/16
6	$795,000	7781 Hansen Road NE	12/29
7	$795,000	13191 N Madison Avenue NE	12/23	Closed 12/23 @ $795,000
8	$798,000	16191 Agate Pass Road NE	12/12
9	$799,000	828 NE Gilmore Way	12/21	House Sale Contingent
10	$850,000	12530 Manzanita Road NE	12/13	Waterfront
11	$852,600	1628 Devenny Avenue	12/28	Closed 12/28 @ $852,600
12	$900,000	11955 Sunrise Drive NE	12/13
13	$930,000	733 Klickitat Place NE	12/21	Closed 12/21 @ $930,000
14	$1,075,000	6500 NE Hidden Cove Road	12/24
15	$1,095,000	11751 Sunset Avenue NE	12/22	Waterfront
16	$1,100,000	1117 Aaron Avenue NE	12/18
17	$2,135,000	9891 Mandus Olson Road NE	12/14
18	$2,997,000	5943 Rose Loop	12/30	Waterfront; Closed 12/30 @ $2,997,000
19	$6,880,000	10445 Secretariat Lane NE	12/28	Closed 12/28 @ $6,880,000
20	$7,996,000	1792 Beans Bight Road NE	12/6	Waterfront

Information and statistics derived from Northwest Multiple Listing Service.