Bainbridge Island Real Estate May 2010
Reposted from http://bprowse.com/bainbridge_island_market
Bainbridge Island residential properties were selling for a May median price of $457,500, about 18% lower than in April. The more stable three month moving average of closed sale price fell 12% from last month to $511,333 and is 19% lower than it was a year ago. The Kitsap County 3 month moving average median price is 3% higher than it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is 63% higher than a year ago. The 3 month moving average of closed sales is up 25% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in May rose 105% from a year ago. The number of active listings on Bainbridge (210) is down 9% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 6.9 months, better than last month and much better than a year ago. Bainbridge Island is a buyer’s market.
| Med price | 3mo price | 3 mo. Ave. closed sales | 3 mo. Ave. Pending Sales | Inventory Turnover (months) | |
|---|---|---|---|---|---|
| May 2010 | $457,500 | $511,333 | 26 | 41 | 6.9 |
| Apr 2010 | $555,000 | $580,500 | 20 | 39 | 8.8 |
| May 2009 | $530,000 | $633,333 | 16 | 20 | 12.8 |
