market summary

while 2009 year-to-date sales volume of residential units has increased by approximately 35% over year-to-date 2008, my expectation continues to be that 2009 residential sales volume will 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 still 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 "on the market" (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 16, 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 - 23/239 = 0.10

condominium - 8/112 = 0.07

land - 2/72 = 0.03

more "real time" bainbridge island real estate market information

while the bainbridge island real estate market statistics updated monthly on my website provide retro snapshots that over time reflect general market trends, they are historical and hence lag "real time".

if you'd like to receive daily email updates of current bainbridge island real estate activity in terms of new listings in a specified property profile (e. g., all waterfront homes, all homes in a specified price range, all condominiums, etc.) you can easily create a personal account and be notified of new listings daily by email. click the following link: http://www.bainbridgeislandferrytails.com/ and then click on the "click here to log in" text link in the "create an account" blue rectangular box in the left hand column, click the "click here to get started" text link, enter you personal profile information (name, email address, user name, password, etc.), then click the "create account" button at the bottom of the page and you're in. a gold horizontal bar should appear across the top of the page titled "welcome 'your name' ". no, your account information will not be passed on to anyone else. to create a search, click on the "bainbridge island property search" text link in the left hand column, enter the property search parameters of your choice (for bainbridge island enter 98110 in the zip code box), click the "start search" button, click the "save search" button, then give the search a title of your choice, indicate "instant" or "nightly" email notification schedule, click the "save this search criteria" button and you're done. your search will be saved and can be accessed for editing or deletion by clicking on the "searches" text link on the gold horizontal bar at the top of the page that is titled "welcome 'your name' ". you will be notified by email of any new listings that match your search parameters.

alternatively, if you prefer, email me with your interests or property profile parameters and i will set up an account for you with daily auto-email notification of new listings that match your search criteria. 

blog posts

not much in the way of real estate related posts since my last market update but a couple of mark knopfler (bernie madoff's theme song) and bob dylan (w's legacy) audio posts. http://bainbridgeislandferrytails.com/blog/2009/02/10/bernie-madoffs-theme-song/   feel free to check out some of my other blog posts.