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Bainbridge Island Real Estate - June 2012
Posted on 2012 06 24 by hdnelson
Bainbridge Island residential properties were selling for a May median price of $599,000, about 18% higher than in April and 16% higher than than a year ago. The more stable three month moving average closed sale price rose 10% from last month to $581,333 and is 11% higher than a year ago. The Kitsap County 3 month moving average median price is up about 1% from a year ago. The 3 month moving average for Bainbridge Island’s number of closed sales is about 38% higher than a year ago. The 3 month moving average of closed sales is up 10% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in May was up 100% from a year ago. The number of active listings on Bainbridge (196) is 9% higher than in April and 16% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 5.6 months, faster than the 14.6 months of a year ago. See more at http://tinyurl.com/6s94wa5
Kitsap Real Estate Local Markets in May 2012
Posted on 2012 05 18 by hdnelson
Each month we publish a snapshot of several local markets to show variations in our larger Kitsap County real estate market. Kitsap County’s residential inventory in April (1395 listings) rose 7% from March and is about 12% lower than a year ago. The County has a listing inventory turnover rate of about 7.5 months, slower than the 6.3 month turnover rate in March. Only the turnover rate for sales in the $500-600k and above $700k ranges were greater than 10 months, so inventory is moving better across middle price ranges. Inventory turnover is the number of months it would take to sell the current inventory at the current rate of sales. In April, the number of listings rose slightly and the number of sales fell 10% compared to March. Kitsap County’s monthly median closed sale price in April ($242,500) was up 11% compared to March and up 15% compared to a year ago. More on local area variations at http://tinyurl.com/6rdagd9
Kitsap Real Estate Local Markets in April 2012
Posted on 2012 04 21 by hdnelson
Kitsap County’s residential inventory in March (1306 listings) rose less than 1% from February and is about 10% lower than a year ago. The County has a listing inventory turnover rate of about 6.3 months, faster than the 8.1 month turnover rate in February. The turnover rate for all sales under $400k and above $1 million was less than 8 months. All other price ranges had turnover rates of over 10 months. Inventory turnover is the number of months it would take to sell the current inventory at the current rate of sales. In March, the number of listings rose slightly and the number of sales rose 28% compared to February. Kitsap County’s monthly median closed sale price in March ($217,750) was down 4% compared to February and down 4% compared to a year ago. The more stable 3 month moving average (see graph below) of the median closed sale price ($206,717) is 2% lower than last month and about 14% lower than a year ago. More at http://tinyurl.com/7j94sp2