Bainbridge Island Real Estate Market Update | March 2020

Market Update MAR 2020

Despite this unprecedented time, our local real estate market is growing. The housing inventory is still modest, but on an upward trend. The current stay at home order allows real estate agents to show homes, but with limitations. Next month’s update will reflect the first full month of impact in our area from the Coronavirus.

February ended with 38± homes on the market. At the end of March, there were 55± homes for sale. There were 47 new listings, 17 of which went under contract. Additionally, 7 homes already on the market went under contract for a total of 24 (see below). There were 27 sales that closed in March at a median sales price of $1,100,000 with an average market time of 83 days.

Comparatively, at the end of March last year, there were 44± homes for sale, 40 homes that went under contract, and 13 closed sales at a median sales price of $1,110,000 with an average market time of 65 days.

Year-to-date, there have been 66 closed sales at a median sales price of $942,500. Compared to the same period last year, there were 50 closed sales at a median sales price of $842,500, a 32% increase in volume and 11.87% increase in the median sales price. (Note: the median price is skewed by such a small sample size so early in the year.)

Here are the 24 homes that went under contract in March:

Price Address Contract Date
1 $545,000 9818 NE Day Road E 3/21
2 $593,000 6736 NE Baker Hill Road 3/28
3 $625,000 12511 Kallgren Road NE 3/10
4 $659,000 11220 Parkhill Place NE 3/4
5 $660,000 824 Eagle Cliff Road NE 3/28
6 $665,000 6701 NE Day Road 3/2 Closed 3/2 @ $665,000
7 $668,000 381 Ihland Way NW 3/24
8 $675,000 12445 North Madison Ave NE 3/12
9 $695,000 15747 Point Monroe Drive NE 3/24 Waterfront
10 $718,000 1815 Parkview Drive NE 3/27
11 $729,000 8240 NE Baker Hill Road 3/22
12 $739,000 6405 NE Agate Beach Lane 3/19
13 $759,000 755 Fords Court NW 3/18
14 $809,000 5180 NE Sullivan Road 3/24
15 $810,000 786 Fairview Avenue NE 3/11
16 $880,000 5356 Diamond Place NE 3/22
17 $898,000 7883 Fletcher Bay Road NE 3/11
18 $899,000 1131 Cherry Avenue NE 3/30
19 $1,195,000 12169 Arrow Point Loop NE 3/23 Waterfront
20 $1,195,000 6440 NE Hidden Cove Road 3/6
21 $1,245,000 10144 NE Kitsap Street 3/2
22 $1,300,000 241 Lovell Avenue SW 3/30 Wft; Closed 3/30 @ $1,300,000
23 $1,448,000 6647 NE Baker Hill Road 3/16
24 $2,196,000 15733 Point Monroe Drive NE 3/29 Waterfront

 

Information and statistics derived from Northwest Multiple Listing Service.

 


Posted on April 5, 2020 at 1:15 am
Bill Hunt | Posted in Real Estate Market Update, Uncategorized | Tagged , , , ,

Bainbridge Island Real Estate Market Update | February 2020

Bainbridge Island Real Estate Market Update

The housing inventory is still limited.

January ended with 35± homes on the market. At the end of February, there were 38± homes for sale. There were 31 new listings, 16 of which went under contract. Additionally, 8 homes already on the market went under contract for a total of 24 (see below). There were 19 sales that closed in February at a median sales price of $950,000 with an average market time of 62 days.

(Comparatively, at the end of February last year, there were 51± homes for sale, 12 homes that went under contract, and 18 closed sales at a median sales price of $677,000 with an average market time of 65 days.)

Here are the 24 homes that went under contract in February:

Price Address Contract Date
1 $418,000 5180 NE Eagle Harbor Drive 2/27
2 $525,000 10561 North Madison Avenue NE 2/1
3 $669,000 4643 Blakely Avenue NE 2/26
4 $689,000 1127 Wing Point Way NE 2/27  
5 $690,000 8128 High School Loop NE 2/14  
6 $725,000 10744 Manitou Beach Drive NE 2/17  
7 $799,000 220 Clayton Place NW 2/26  
8 $839,000 8289 New Holland Court NE 2/18  
9 $988,000 13838 La Vigne Court NE 2/22  
10 $1,100,000 10342 Hyla Avenue NE 2/14 House Sale Contingent
11 $1,100,000 10352 Hyla Avenue NE 2/18  
12 $1,100,000 10330 Hyla Avenue NE 2/18  
13 $1,100,000 579 Ericksen Avenue NE 2/24  
14 $1,125,000 10929 Sunrise Drive NE 2/2  
15 $1,175,000 8421 NE Grizdale Lane 2/26  
16 $1,195,000 712 Tiffany Meadows NE 2/11  
17 $1,195,000 6448 NE Hidden Cove Road 2/27  
18 $1,220,000 9333 Ferncliff Avenue NE 2/12  
19 $1,225,000 6457 Haley Loop Road NE 2/28  
20 $1,309,950 8680 NE Reserve Way 2/5  
21 $1,586,000 4576 Point White Drive NE 2/14 Waterfront
22 $1,625,000 17950 Agate Pass Road NE 2/26 Waterfront
23 $1,725,000 6428 NE Eagle Harbor Drive 2/25 Waterfront
24 $3,250,000 Undisclosed 2/6 Waterfront

 

Information and statistics derived from Northwest Multiple Listing Service.


Posted on March 6, 2020 at 8:07 pm
Bill Hunt | Posted in Real Estate Market Update, Uncategorized | Tagged , , , ,

Bainbridge Island Real Estate Market Update | January 2020

Bainbridge Island Real Estate

 

January historically hosts the lowest inventory of the year. At the end of December, the number of homes for sale was 42± and today there are 35±. Last year at this time there were 40± homes for sale. In the month of January this year there were 24 homes that went under contract and 20 closed sales that sold at a median sales price of $762,250 with an average market time of 76 days. This compares to January 2019, where there were 15 homes that went under contract and 19 closed sales with a median sales price of $799,000 and an average market time of 81 days. There were 19 new listings in the month of January, 10 of which are under contract/sold.

Here are the 24 homes that went under contract in January:

Price Address Contract Date
1 $549,000 12034 Carole Place NE 1/3
2 $575,000 737 Madison Avenue North 1/28
3 $575,000 10211 NE Roberts Road 1/14
4 $593,000 11955 Manzanita Road NE 1/15
5 $649,900 10684 NE Byron Drive 1/16
6 $668,000 6870 West Bergman Road 1/17 Closed 1/17 @ $668,000
7 $739,000 4210 Lytle Road NE 1/25
8 $739,000 8242 Hansen Road NE 1/23
9 $745,000 13401 Hidden Cove Lane NE 1/4
10 $775,000 11580 N Madison Avenue NE 1/4
11 $915,000 11216 NE Wing Point Drive 1/21 Closed 1/21 @ $915,000
12 $920,000 8344 NE Oddfellows Road 1/23
13 $965,000 10191 NE Beachcrest Drive 1/28
14 $969,500 4659 Lynwood Center Road NE 1/14
15 $1,024,900 6498 NE Monte Vista Drive 1/27 Waterfront
16 $1,100,000 15757 Point Monroe Dr NE 1/27 Waterfront
17 $1,100,000 8615 Ma and Pa Lane NE 1/20
18 $1,125,000 16841 Agate Pass Road NE 1/1
19 $1,275,000 8686 NE Reserve Way 1/29 House Sale Contingent
20 $1,289,950 8601 NE Reserve Way 1/10
21 $1,319,950 8672 NE Reserve Way 1/9
22 $1,998,000 4106 Rockaway Beach Road 1/30 Waterfront
23 $2,499,000 16480 Euclid Avenue NE 1/24 Waterfront
24 $6,198,000 12269 Arrow Point Loop NE 1/25 Waterfront

 

“Information and statistics derived from Northwest Multiple Listing Service.”


Posted on February 2, 2020 at 7:46 pm
Bill Hunt | Posted in Real Estate Market Update, Uncategorized | Tagged , , , ,