Bainbridge Island Real Estate - March 2010
Reposted from http://bprowse.com/bainbridge_island_market
Bainbridge Island residential properties were selling for a March median price of $521,500, about 22% lower than in February. The more stable three month moving average of closed sale price rose 10% from last month to $580,000 and is 5% lower than it was a year ago. The Kitsap County 3 month moving average median price is less than 1% higher than it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is 55% higher than a year ago. The 3 month moving average of closed sales is up 55% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in March rose 76% from a year ago. The number of active listings on Bainbridge (194) is down 11% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.8 months, improved from the 13.8 month turnover last month. Bainbridge Island is a buyers market.
| Median Price | 3 mo Ave Price | 3 mo ave Closed Sales | 3 mo ave Pending Sales | Inventory Turnover (months) | |
| Mar 2010 | $521,500 | $580,000 | 17 | 30 | 8.8 |
| Feb 2010 | $665,000 | $574,500 | 17 | 23 | 13.8 |
|
Mar 2009 |
$825,000 | $609,667 | 11 | 17 | 15.6 |
