Bainbridge Island residential properties were selling for a July median price of $515,000, about 6% lower than in June and 3% lower than a year ago. The more stable three month moving average closed sale price fell 2% from last month to $529,500 and is 4% lower than a year ago. The Kitsap County 3 month moving average median price is about 3% lower than it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is about 17% lower than a year ago. The 3 month moving average of closed sales is down 12% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in July was down 13% from a year ago. The number of active listings on Bainbridge (277) rose 8% from June and is about 3% higher than a year ago. Inventory on Bainbridge has been building. The inventory turnover (total homes on the market divided by number sold last month) is 10.3 months, slower than the 9.2 months in June and faster than the 12.2 months of a year ago. Bainbridge Island is a buyer’s market.
Bainbridge Island Real Estate - July 2011
| Median Price | 3 mo Ave Price | 3 mo Ave Closed Sales | 3 mo Ave Pending Sales | Inventory Turnover (months) |
| July 2011 |
$515,000 |
$525,650 |
24 |
27 |
10.3 |
| June 2011 |
$545,950 |
$536,817 |
21 |
31 |
9.2 |
| July 2010 |
$529,500 |
$547,333 |
29 |
31 |
12.2 |
|
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