Market Trends on Bainbridge Island
Market Trends and Housing Data for Bainbridge Island, WA.
January 19, 2015
A Market Regains its Momentum Inventory Continues to Drive the Island Market All in all, 2014 has to be viewed as a very good year for the Bainbridge real estate market. The primary challenge of the year was a lack of inventory, which meant that buyers had too few […]
October 24, 2014
Boomtown Across the Water Seattle is booming. Our urban neighbor has many thriving employers (including Boeing, which sometimes gets characterized as a “bad corporate citizen” but it’s still a company that brings lots of business and jobs to our region!), herds of building cranes downtown, and is frequently included on […]
July 31, 2014
A Familiar Melody We have been lamenting our lack of inventory for a considerable time (which makes us feel a bit like a broken record) and that same tune was replayed during the first half of this year. January-June 2014 served as a textbook example of the effects of low […]
June 6, 2014
Market Volume Down 26% During the month of May Bainbridge Island recorded 16 home sales, a decrease of 58% from last year. Even during the doldrums of 2008 Bainbridge recorded 21 sales. Even including the 12 condominium sales the number is still off 40% from last year’s home and condominium sales. This marked the fourth […]
April 22, 2014
Waiting for the Bloom The inventory bloom, that is. Last year’s 1st Quarter in Review highlighted the increase in the number of homes sold during that quarter over the same period in the previous year. We probably could have made a similar claim this year because the demand was there, but […]
January 31, 2014
Inventory. Inventory is the big topic of conversation in the Bainbridge Island real estate world. As we close the door on 2013 and move into the 2014 market our inventory is historically low. 2012 was a banner year for volume on the island with 386 total sales. Last year the […]
January 19, 2014
Riding the Waves The expression “in like a lion, out like a lamb” seems to apply to our 2013 market. At the end of the first half of the year, we were up an impressive 21% from the 2012 numbers of homes sold. In the third quarter, that statistic cooled […]
July 19, 2013
Making Sense of a Strengthening Market The statistics for the first half of 2013 are encouraging but a bit confusing. You look at the number of homes sold and there is joy. A total of 205 homes sold in the first six months even surpasses the “go-go” days of 2006 and 2007. […]