
not much new or exciting to report. both the residential listing inventory level and residential sales on the island continue to track 2008. residential listing: 273 as of 09/15/2008 and 276 as of 09/08/2009. residential sales: 130 year-to-date through 08/31/2008 and 124 year-to-date through 08/31/2009. condominium sales on the island continue to be very slow while residential land sales are virtually nil. the good news is we are still having some pretty sweet summer weather.
following is another statistic that may be of interest, the ratio of currently "under contract listings" to the total number of "current listing" (an "under contract listings"/"current listings" ratio) in each of three property categories: residential, condominium, and land. this statistic is an attempt to capture a glimpse of more current market activity rather than having to extrapolate historical sales data. i also have these stats available historically as well as for various price ranges within each property category.
as of september 15, 2009 - number of current bainbridge island "under contract listings" divided by the total number of "current listings" on bainbridge island for each property category.
residential - 42/284 = 0.15
condominium - 7/125 = 0.06
land - 5/83 = 0.06
more "real time" bainbridge island real estate market informationwhile 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 as follows:
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 can also refine, edit, or delete your searches or change your email notification schedule from this page. 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
a couple of posts of interest on the subject of the level of involvement of federal government agencies in the residential real estate lending markets and implications thereof for the economy at large. please feel free to check out these posts as well as some of my past blog posts at http://bainbridgeislandferrytails.com/blog
as always, if you know someone who you think may be interested in these statistics or blog posts please feel free to either forward this email or ask them to email me and i will add them to my email distribution list. likewise, if you would like me to remove you from my email distribution list please contact me.