Bainbridge Island home sales ended the year with a boom, with 22 single-family sales (non-condos) closing in December 2009, up 69% from single-family home sales closed in December 2008 when 13 units were sold.
That brought total single-family home sales on Bainbridge to 212, up 13 percent from the 187 total single-family home sold last year.
The median price for 2009 was $546,000, down from $589,500 for 2008, or a decrease of just over seven percent.
These numbers are all from agent Jim Peek of John L. Scott Real Estate on Bainbridge, who closely tracks and does perhaps the best job number crunching all the trends.
Among the key data points number-crunching Peek discovered:
-Under $500,000: 86 homes sold for an average of 160 days on market
-$500,000 to $1 million: 98 homes sold for an average of 189 days on market
-Over $1 million to $1.6 million: 24 homes sold for an average of 316 days on market
(nearly double the DOM for the first category)
-Over $1.6 million: 4 homes sold for an average of 180 days on market.
Vacant land and lots were the one area that continues to be bleak as just 11 parcels sold in 2009, averaging 291 days on market. That's down from the market's peak of 87 parcels sold on Bainbridge in 2005, averaging 188 days on market.
While 33 waterfront homes sold in 2009, there was strong activity the last three months of 2009 for homes priced under $500,000, and that can largely attributed to the tax credit, which should be very good news for the next several months.
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