Bainbridge Island Real Estate Market Update 2011 Year-to-Date

We have seen a slight uptick in sales for homes priced up to $500,000 and condo sales are a bit higher than YTD 2010.  We are close to dead even in sales for 2011 but the market is still seeing varying degrees of depreciation, steepening as the price point increases.

Georg and I have seen an uptick in our sales, with five homes currently under contract.  Sales for our office have also picked up. Traffic to www.MovingToBainbridge.com is steady.

Statistics:  

Residential Units on the Market   245        Down from 280 Units on August 23rd

Condos on the Market                   63         Down from 65 Units on August 23rd

Vacant Parcels on the Market       69          Up from 66 Parcels on August 23rd

Closed Residential Sales Year-to-Date 2011                190

Closed Residential Sales for Same Period 2010           193

Homes Currently Under Contract (Pending Sale)         49  

Closed Condo Sales Year-to-Date                    51

Closed Condo Sales for Same Period 2010      44

Sold Vacant Land Year-to-Date                       18

Sold Vacant Land YTD 2005                           69

Residential Sales from 2005 to 2010

2010... 255

2009... 212

2008... 186

2007... 331

2006... 350

2005... 397

Breakdown of Residential and Pending Sales Year-to-Date

100 to 200 thousand Sold     14        Pending   4

201 to 300 Sold     30        Pending   9

301 to 400 Sold     57        Pending   12

401 to 500 Sold     35        Pending   8

501 to 600 Sold     43        Pending   4

601 to 700 Sold     21        Pending   3

701 to 800 Sold     12        Pending   3

801 to 900 Sold     6          Pending   1

901 to 1Mil Sold     3          Pending   0

1.0 to 1.2Mil Sold     4          Pending   1

1.2 to 1.4Mil Sold     1          Pending   2

1.4 to 1.6Mil Sold     3          Pending   1

1.6 to 1.8Mil Sold     0          Pending   1

1.8 to 2.0Mil Sold     3          Pending   0

2.0 to 2.5Mil Sold     1          Pending   0