market summary

as fall is waning, with falling rain supplanting falling leaves, and winter is looming, the number of residential real estate listings on the island is falling about as fast as the water level in my pond is rising, reflecting the usual seasonal reduction in inventory level. the number of residential listings was 247 as of november 5, 2009 versus 276 as of october 6, 2009. at 173, the number of residential sales on the island year-to-date through october 31, 2009 was up nearly 10% over the 158 year-to-date sales through october 31, 2008. more impressive is the year-over-year increase in the month of october with 23 sales in october 2009 versus 12 sales in october 2008. condominium and land sales continue to languish. the next three months should be interesting.   

as of november 1, 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 - 45/255 = 0.18          (up from 0.16 as of october 1, 2009)

condominium - 12/111 = 0.11     (up from 0.07 as of october 1, 2009)

land - 4/67 = 0.06                      (same as october 1, 2009)

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.

new web site search functions - sold listings

i have added some new simplified property search functions to my web site.  in addition to being able to search all bi property listings by property category, all bi home listings by price range, all bi property listings by neighborhood, all bi property listings by address or mls number, all bi public open houses scheduled for the coming weekend, and all bi properties newly listed within the past 24 hours, now you can easily search recent bainbridge island home sales by price range and recent bainbridge island property sales by property category (for example, recent bainbridge island waterfront home sales, or recent bainbridge island land sales).

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 as follows:

• click the following link: http://bainbridgeislandferrytails.com/ 
• 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.)
• 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 "search all bi properties by category" text link in the left hand column
• enter the property search parameters (price range, property type, price display order, etc.) of your choice (for bainbridge island enter 98110 in the zip code box)
• click the "start search" button
• click the blue "save search" button
• give the search a title of your choice
• indicate "instant" or "nightly" email notification schedule by clicking the appropriate "circle"
• 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 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

please feel free to check out some of my blog posts at http://bainbridgeislandferrytails.com/blog the latest post summarizes the recently extended and expanded homebuyers' tax credits.

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.