Bainbridge Island residential properties were selling for a February median price of $505,625, about 12% higher than in January and 24% lower than a year ago. The more stable three month moving average closed sale price fell less than 1% from last month to $503,375 and is 12% lower than a year ago. The Kitsap County 3 month moving average median price is about 1% higher than it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is 6% higher than a year ago. The 3 month moving average of closed sales is down 7% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in February was up 4% from a year ago. The number of active listings on Bainbridge (160) fell 2% from January and is about 11% lower than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 11.4 months, a little slower than the 10.9 months in January but a little faster than the 13.9 months of a year ago. Bainbridge Island is a buyer's market.
| Median Price | 3 mo Ave Price | 3 mo Ave Closed Sales | 3 mo Ave Pending Sales | Inventory Turnover (months)|
| | |
| February 2011 | $505,625 | $503,375 | 14 | 24 | 11.4 | |
| January 2011 | $450,000 | $504,292 | 20 | 21 | 10.9 | |
| February 2010 | $665,000 | $574,500 | 13 | 23 | 13.9 |
Comments(0)