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Bainbridge Island Fourth Quarter Closed Transactions
Activity during the fourth quarter this year increased two percent over the fourth quarter of last year.
Transactions closed about a week faster. The average sale price fell only one percent. Sellers accepted 14% less than they originally asked.
If you'd like the selling details of the home that sold in your neighborhood, just ask.
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Bainbridge Island residential properties were selling for a December median price of $483,000, about 5% lower than in November and less than 13% lower than a year ago. The more stable three month moving average closed sale price rose 5% from last month to $486,000 and is 6% lower than a year ago. The Kitsap County 3 month moving average median price is about 1% lower than it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is about 7% higher than a year ago. The 3 month moving average of closed sales is up 3% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in December was down 13% from a year ago. The number of active listings on Bainbridge (173) is 20% lower than in November and 11% higher than a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 8.7 months, faster (due to falling inventory) than the 11.3 months in November and slower than the 6 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)|
| December 2011 |
$483,000 |
$486,000 |
20 |
21 |
8.7 |
November 2011 |
$510,000 |
$441,667 |
23 |
26 |
11.3 |
December 2010 |
$554,500 |
$515,292 |
19 |
24 |
6.0 |
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Local online news site, Inside Bainbridge, has compiled a list of the most popular news stories for Bainbridge Island in 2011. See what folks on our little island have been talking about this year... http://www.insidebainbridge.com/2011/12/27/ibs-top-stories-of-2011/
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