2012 Bainbridge Home Stats

Finally, positive news in home stats to share! After 4 years of declining home prices Bainbridge Island, median home prices were UP 6% in 2012. The number of home sales for the year far exceeded the expectation of most people, topping unit sales well above the high of 2007, but equity has slow to return, until now.

Bainbridge Single Family homes for sale is at an almost all time low of about 100 homes ( total 149, with 49 under contract). We have not seen this low an inventory since about 1989.

With interest rates remaining at historic lows, inventory at historic lows and prices showing an increase, I believe we can say our decline is behind us. If you are thinking of putting your home on the market, and have been waitng, NOW is the time.

Filename: 4th Qt 2012 Stats

				2012	December Stats

					December		December
	December	%	Sold	%	Average	%	Median	%	Jan-Dec	%	November
	Sold	Change	Jan-Dec	Change	Price	Change	Price	Change	Median	Change	Median
2012	34	79%	386	50%	485,085	-16%	422,500	-16%	524,650	6%	540,000
2011	19	-27%	257	1%	578,158	-24%	500,000	-12%	493,000	-9%	510,000
2010	26	8%	254	19%	762,156	21%	567,000	12%	541,000	-1%	524,500
2009	24	85%	214	14%	631,361	32%	505,000	18%	546,000	-7%	522,000
2008	13	-13%	187	-44%	479,000	-31%	427,000	-29%	589,000	-13%	507,500
2007	15		332		692,957		602,112		680,000		695,000

					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%	–
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