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
                       

 

 

 

      

Posted on January 8, 2013 at 9:52 pm
Susan Grosten | Category: Uncategorized

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