Looking Back, Moving Forward – December and 2009 Year End Housing Numbers on Bainbridge Island
The Stetson Ridge Neighborhood on Bainbridge Island
January 6, 2010
Am I a Fortune Teller? No, I look at facts, let’s look at housing data from Standard & Poors
January 20, 2010
2009 was no 2008
Those of us in real estate could really feel these numbers below as we closed up the year. 2009 was a different year than 2008. I am hoping for a “normal” market as we head into 2010. To look at the year end numbers very simply, if 2007 (332 sold) was very high in regards to number of sales and 2008 (187 sold) was very low, 2009 (212 sold) looks like it was the happy medium. Where the price per square foot is heading is the question everyone is asking. I am predicting stabilization, but I will analyze that topic further in an upcoming post.
December Numbers for homes sold on Bainbridge (does not include condos)
2009 – with currently 162 homes on the active market, with 31 pending
| 2007 | 2008 | 2009 | |
|---|---|---|---|
| Total Sold | 15 | 13 | 22 |
| Median Sales Price | $602,000 | $427,000 | $502,000 |
| Avg. Days on Market | 232 | 210 | 265 |
| Price per sq. ft. | $234 | $211 | $213 |
Year-End numbers for homes sold on Bainbridge (does not include condos)
| 2007 | 2008 | 2009 | |
|---|---|---|---|
| Total Sold | 332 | 187 | 212 |
| Median Sales Price | $680,000 | $589,000 | $546,000 |
| Avg. Days on Market | 98 | 108 | 139 |
| Price per sq. ft. | $303 | $284 | $239 |
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