Bainbridge Island Real Estate Sales in Review

RESIDENTIAL HOME SALES IN REVIEW

YEAR                  Avg. Sale Price            Total # of Sales           Avg. Days on Market

2003                    $481,758                           454                                      101

2004                    $551,462                           468                                      92

2005                    $670,004                           442                                      91

2006                    $752,154                           349                                      87

2007                    $820,607                           317                                      97

2008                    $749,970                           187                                      108

2009                    $662,668                           212                                      139

2010                    $639,169                           255                                      102

2011                    $581,855                           257                                      113

2012                    $636,705                           384                                      101

2013                    $599,116                           414                                      75

2014                    $706,275                           401                                      65

CONDOMINIUM SALES IN REVIEW

YEAR                  Avg. Sale Price            Total # of Sales           Avg. Days on Market

2003                    $304,874                           73                                        165

2004                    $302,123                           157                                      185

2005                    $381,143                           74                                        55

2006                    $359,040                           150                                      89

2007                    $459,756                           129                                      218

2008                    $458,383                           42                                        107

2009                    $366,369                           53                                        176

2010                    $326,174                           53                                        214

2011                    $289,338                           67                                        212

2012                    $296,702                           80                                        147

2013                    $328,139                           93                                        117

2014                    $384,416                           100                                      60

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LAND SALES IN REVIEW

YEAR                 Avg. Sale Price            Total # of Sales           Avg. Days on Market

2003                    $211,651                           106                                      233

2004                    $187,045                           104                                      254

2005                    $292,644                           87                                        216

2006                    $460,802                           53                                        183

2007                    $378,295                           30                                        164

2008                    $421,728                           15                                        124

2009                    $433,500                           11                                        291

2010                    $172,625                           24                                        175

2011                    $233,405                           20                                        182

2012                    $216,672                           32                                        159

2013                    $197,453                           52                                        315

2014                    $249,267                           43                                        209         

 

So you’ve begun thinking about selling your house and you figure: Let’s wait until spring or early summer before listing. The yard will look its best and potential buyers will be out in force.  Recent research studies show home listing prices, sales price and time-on-market data from January 2010 through October 2014, concluded that if you want to sell for more than your asking price, listing in December through March gives you a better chance on average than if you list June through November.  If your goal is to sell relatively quickly, February is historically the best month to list, with an average of 66 percent of homes listed then selling within 90 days, according to national averages, including cold weather cities like Boston and Chicago.

Researchers are quick to note that the advantages of listing in winter compared with other seasons are not huge. But the fact that winter produces at least competitive or better results by some measures should encourage potential sellers to get into the game sooner rather than later. Bottom line: Real estate does not hibernate. Other factors to consider:   Only 63 Homes, 8 Condominiums and 53 land parcels currently For Sale on Bainbridge Island. Less Inventory = Less Competition for Sellers who list prior to spring. This is surprisingly an advantageous time to list, shop and buy Real Estate. Buyers shopping at this time of year are Serious Buyers. More Corporate Transfers at this time of year.  Buyers have more time to surf the web for homes.

What are your real estate goals for 2015?

Call me for a Current Market Analysis and I will provide you with an honest, fact-based report of the financial value of your home. 

Posted on January 6, 2015 at 11:10 pm
Jackie Syvertsen | Category: Bainbridge Island Real Estate Statistics | Tagged , , , , , , , ,

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