Bainbridge Island residential properties were selling for an August median price of $592,000, about 5% lower than in July. The more stable three month moving average of closed sale price rose 3% from last month to $695,400 and is 16% higher than it was a year ago (because of an exceptionally high median 2 months ago - recall that the median price can be misleading when the price distribution of sales is changing). The Kitsap County 3 month moving average median price has fallen 9% over the past year. The 3 month moving average for Bainbridge Island's number of  closed sales is 10% lower than a year ago. The 3 month moving average number of pending sales in August rose 21% from a year ago. The 3 month moving average of closed sales is up 12% Countywide from a year ago. The number of active listings on Bainbridge (251) is down 14% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 13.9 months, worse than the 10.5 month turnover rate of last month . Bainbridge Island is a buyers market.

Bainbridge Island Real Estate - August 2009
  Median Price 3 mo Ave Price 3 mo ave Closed Sales 3 mo ave Pending Sales Inventory Turnover (months)
Aug 2009 $592,000 695,400 18 29 13.9
July 2009 $624,250 674,733 19 24 10.5

Aug 2008

 $578,500 593,167 20 24 14.6