Bainbridge Island Real Estate Prices Sept-Nov 2013

The Bainbridge Island Real Estate Market remains strong even while entering the normal seasonal slower period. Though Homes Sold dropped significantly from an extraordinary 51 homes sold in September, to 29 in October & 32 in November, the average selling price remained high at $577,323 in November, and is comparable to the high values we’ve seen since last March. Also, the November 2013 Median home price is about 6% above the median home price in November 2012.

 

 

The 12 month moving average median home price was $468,358 in November, while the actual Median Selling price during the month of November was $505,000. The September Median home price was the the highest in nearly 3 years, at $597,000!

 

Distressed property sales remain very low compared with Kitsap County as a whole, at 4% for September, 10% for October, & 16% in November, which is the highest level in the previous 7 months, but again relatively low compared with most other areas in Kitsap County.

 

Table 1 below shows home sales data for the previous 3 months:

 

	September 2013	October 2013	November 2013
Avg. Original $	$649,269	$594,879	$619,322
Avg. Listing $	$631,514	$573,007	$598,452
Avg. Selling $	$615,631	$549,549	$577,323
Median Selling $	$597,000	$465,000	$505,000
$/sq ft	$236	$286	$258
TTL # sold	51	29	32
CDOM	81	123	81
DOM	53	104	70
TTL # Distressed/%	2/4%	3/10%	5/16%
SS	1	1	1
REO	1	2	4

 

	October 2013 Prediction (from Sep)	November 2013 Prediction (from Oct)	December 2013 Prediction (from Nov)
Avg Selling $	$536,721	$547,747	$542,330
12 mo running avg Median Selling $	$454,338	$471,129	$468,358
Previous 12 months Low median $	$353,000
Previous 12 months High median $	$597,000

Thank you for visiting our blog. We invite you to subscribe to our RSS feed so you’ll automatically receive our data as soon as it’s posted.