Please note: we are comparing closings for October of this year to the same month last year.
The Bainbridge market improved for the second consecutive month. 69% more homes closed last month.
Transactions closed five days faster. The average selling price was up 34%.
Sellers accepted 15% less than they originally asked.
There are 221 homes in inventory, 13 fewer than last month, at all price ranges (the highest listing is $8.8M). Average listing price is $946,000, up again from last month) , with the median price falling from $670,000 last month to $639,000.
In summary, Bainbridge has fewer homes in inventory with prices lower than last month. It is still a buyer's market, but the trend is moving toward neutral.
If you would like details of the home that closed in your neighborhood, call or email me.
Closed Transactions for October
Here are last month's statistics for North Tacoma, including downtown and University Place.
Activity picked up last month. 22% more homes closed in October this year than during the same month last year, but they took nearly three weeks longer to close.
The average sale was down 17% from the same month a year ago. Sellers accepted about 12% less than their original asking price.
Tacoma continues to be a buyers' market.
If you'd like the selling details of the home that closed in your neighborhood, just ask. I'll email you the information.
The third quarter of 2011 saw a decrease of 44% compared to the third quarter of 2010.
Transactions took nearly a month longer to close. The average selling price was down 12%. Sellers accepted 12% less than they had originally asked.
If you'd like the selling details of the home that closed in your neighborhood, send me an email. I'll be happy to send them to you.
The third quarter of 2011 saw an increase of 22% compared to the third quarter of 2010.
The average selling price was 12% percent lower. Sellers accepted seven percent less than they had originally asked.
Homes closed five weeks slower.
If you'd like the selling details of the home that closed in your neighborhood, send me an email. I'll be happy to send them to you.
The third quarter of 2011 saw a decrease of 17% compared to the third quarter of 2010.
Transactions closed nearly a week faster. The average selling price was down four percent. Sellers accepted eight percent less than they had originally asked.
If you'd like the selling details of the home that closed in your neighborhood, send me an email. I'll be happy to send them to you.
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