Reposted from:  http://bprowse.com/bainbridge_island_market        

 

Bainbridge Island residential properties were selling for a April median price of $555,000, about 6% higher than in March. The more stable three month moving average of closed sale price rose just $500 from last month to $580,500 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 54% higher than a year ago. The 3 month moving average of closed sales is up 20% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in April rose 95% from a year ago. The number of active listings on Bainbridge (210) is down 7% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.8 months, the same as last month and much better than a year ago. Bainbridge Island is a buyers market.

Bainbridge Island Real Estate - April 2010
  Median Price 3 mo ave Price 3 mo ave Closed Sales 3 mo ave Pending Sales Inventory Turnover (months)
Apr 2010 $555,000 $580,500 20 39 8.8
Mar 2010 $521,500 $580,000 17 30 8.8
Apr 2009 $545,000 $608,333 13 20 15