Bainbridge Island Real Estate Market - April 2011

Bainbridge Island Real Estate Market Trends

Bainbridge Island residential properties were selling for a April median price of $548,500, about 9% higher than in March and 1% lower than a year ago. The more stable three month moving average closed sale price rose 7% from last month to $518,542 and is 11% lower than a year ago. The Kitsap County 3 month moving average median price is about 5% lower than it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is about the same as a year ago. The 3 month moving average of closed sales is down 13% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in April was down 21% from a year ago. The number of active listings on Bainbridge (196) rose 18% from March and is about 7% lower than a year ago.  The inventory turnover (total homes on the market divided by number sold last month) is 10.3 months, slower than the 5.9 months in March and slower than the 8.8 months of a year ago. Bainbridge Island is a buyer's market.

More about Bainbridge Island Real Estate