BAINBRIDGE ISLAND REAL ESTATE STATISTICS RESIDENTIAL HOME SALES IN REVIEW YEAR
Avg. Sale Price
Total # of Sales
Avg. Days on Market
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
$481,758 $551,462 $670,004 $752,154 $820,607 $749,970 $662,668 $639,169 $581,855 $636,705 $599,116 $705,663
454 468 442 349 317 187 212 255 257 384 414 397
101 92 91 87 97 108 139 102 113 101 75 65
CONDOMINIUM SALES IN REVIEW YEAR
Avg. Sale Price
Total # of Sales
Avg. Days on Market
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
$304,874 $302,123 $381,143 $359,040 $459,756 $458,383 $366,369 $326,174 $289,338 $296,702 $328,139 $366,715
73 157 74 150 129 42 53 53 67 80 93 99
165 185 55 89 218 107 176 214 212 147 117 61
Data compiled from NW Multiple Listing Service. Information is deemed to be accurate, but not guaranteed.
real estate made real LAND SALES IN REVIEW YEAR
Avg. Sale Price
Total # of Sales
Avg. Days on Market
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
$211,651 $187,045 $292,644 $460,802 $378,295 $421,728 $433,500 $172,625 $233,405 $216,672 $197,453 $249,267
106 104 87 53 30 15 11 24 20 32 52 43
233 254 216 183 164 124 291 175 182 159 315 209
So you’ve begun thinking about selling your house and you figure: Let’s wait until spring or early summer before listing. The yard will look its best and potential buyers will be out in force. Recent research studies show home listing prices, sales price and time-on-market data from January 2010 through October 2014, concluded that if you want to sell for more than your asking price, listing in December through March gives you a better chance on average than if you list June through November. If your goal is to sell relatively quickly, February is historically the best month to list, with an average of 66 percent of homes listed then selling within 90 days, according to national averages, including cold weather cities like Boston and Chicago. Researchers are quick to note that the advantages of listing in winter compared with other seasons are not huge. But the fact that winter produces at least competitive or better results by some measures should encourage potential sellers to get into the game sooner rather than later. Bottom line: Real estate does not hibernate. Other factors to consider: Only 63 Homes, 8 Condominiums and 53 land parcels currently For Sale on Bainbridge Island. Less Inventory = Less Competition for Sellers who list prior to spring. This is surprisingly an advantageous time to list, shop and buy Real Estate. Buyers shopping at this time of year are Serious Buyers. More Corporate Transfers at this time of year. Buyers have more time to surf the web for homes.
What are your real estate goals for 2015? Call me for a Current Market Analysis and I will provide you with an honest, fact-based report of the financial value of your home.
Jackie Syvertsen Managing Broker/ABR/CNE/Realtor Windermere Real Estate/BI, Inc. 206-790-3600 call/text Bainbridge Island Living.com