November Sales are looking great on Bainbridge!

November sales are looking great on Bainbridge Island! Not only are the number of home sales up 24% to last year, but finally we can say we are seeing a trend in home prices improving-welcome news for many homeowners.

Bainbridge Island real estate inventory is at an all time low, both in single family residential and condominiums. We believe that many homeowners may be waiting to place their home on the market when prices improve as they may have purchased at the market high in 2006-2007.

With interest rates remaining so low, I believe that if you are considering selling your home, you may want to meet with a Realtor to see what your current home price may be and to review what is available for you in the market. Traditionally home inventory does begin to increase-right after Super Bowl Sunday. Start your planning and information gathering period now or in January to maximize market timing.

Happy Holidays everyone!
Best- Susan

Filename: August to October 2012 Stats

					November Stats

					November		November
	November	%	Sold	%	Average	%	Median	%	Jan-Nov	%	Oct
	Sold	Change	Jan-Nov	Change	Price	Change	Price	Change	Median	Change	Median
2012	21	24%	352	48%	646,114	-5%	540,000	6%	536,750	9%	602,500
2011	17	6%	238	5%	679,294	28%	510,000	-3%	493,000	-9%	475,000
2010	16	-11%	227	19%	530,978	-11%	524,500	0%	539,000	-2%	420,000
2009	18	13%	191	10%	597,462	-1%	522,000	3%	549,000	-8%	495,000
2008	16	-16%	174	-45%	604,533	-26%	507,500	-27%	598,000	-12%	620,000
2007	19		317		813,483		695,000		680,000		764,000

					October Stats

					October		October
	October	%	Sold	%	Average	%	Median	%	Jan-Oct	%	Sept
	Sold	Change	Jan-Oct	Change	Price	Change	Price	Change	Median	Change	Median
2012	38	73%	331	50%	708,701	24%	602,500	27%	535,000	10%	425,000
2011	22	69%	221	5%	569,792	34%	475,000	13%	487,500	-10%	402,250
2010	13	-43%	211	22%	426,231	-28%	420,000	-15%	540,000	-2%	568,825
2009	23	92%	173	9%	589,902	-9%	495,000	-20%	549,000	-9%	492,500
2008	12	9%	158	-47%	648,781	-36%	620,000	-19%	606,000	-11%	632,500
2007	11		298		1,009,091		764,000		680,000		771,000

					September Stats

					September		September
	Sept.	%	Sold	%	Average	%	Median	%	Jan-Sept	%	August
	Sold	Change	Jan-Sept	Change	Price	Change	Price	Change	Median	Change	Median
2012	27	4%	293	47%	529,639	13%	425,000	6%	530,000	8%	–
2011	26	44%	199	1%	467,365	-32%	402,250	-29%	493,000	-12%	469,750
2010	18	-31%	198	32%	686,642	24%	568,825	15%	557,500	-4%	525,000
2009	26	63%	150	2%	551,926	-20%	492,500	-22%	579,500	-4%	592,000
2008	16	-38%	147	-49%	692,438	-21%	632,500	-18%	606,000	-11%	574,500
2007	26		287		880,362		771,000		680,000		695,000