market summary

while 2009 year-to-date sales volume of residential units increased by approximately 33% over year-to-date 2008, my expectation is that 2009 residential sales volume will continue to track 2008, down by approximately 50% from prior years.  sales volumes for condominium units and residential land are down even more significantly and my expectation is that they are not likely to rebound anytime in 2009. 

following is another statistic that may be of interest, the ratio of listings currently "under contract" to the total number of current listings (an "under contract listings"/"on-the-market listings" ratio) in each of three categories: residential, condominium, and land.  this statistic is an attempt to capture a glimpse of more current market activity rather than having to extrapolate from historical data.    i also have these stats available historically as well as for various price ranges within each property category.  please let me know if you find it helpful.

as of march 2, 2009 - number of current bainbridge island listings "under contract" divided by the total number of bainbridge island listings currently "on-the-market" for each category.

residential - 28/228 = 0.12

condominium - 7/106 = 0.07

land - 2/73 = 0.03

blog posts

following is a link to a blog post of a copy of a newsletter by bainbridge island, washington cpa, tim jacobsen, highlighting and summarizing some of the salient tax features of the recently passed american recovery and reinvestment act of 2009.  http://bainbridgeislandferrytails.com/blog/2009/02/16/american-recovery-and-reinvestment-act-of-2009/   feel free to check out some of my other blog posts.