market summary

while the daffodils are in full bloom and the hyla regilla crescendo has commenced, it's still so darn cold that i'm not convinced we've really transitioned into spring. maybe winter/spring? wing? real estate activity on the island, on the other hand, does seem to have transitioned. year-to-date residential sales on the island are up over the same period last year by over 17% and we are beginning to see the usual seasonal spring surge in inventory levels.  there continue to be a significant number of short sales and bank owned sales, both of which reinforce downward pressure on selling prices.  of the 27 residential sales on the island for the first two months of 2010, 2 were short sales and 6 were bank owned sales, which combine for nearly 30% of residential sales.  while it's a bit too early to tell, i believe 2010 is going to be a decent year real estate wise.

as of march 1, 2010 - number of current bainbridge island "under contract listings" divided by the total number of "current listings" on bainbridge island for each property category.

residential - 39/218 = 0.18          (up from 0.16 as of february 1, 2010)

condominium - 7/72 = 0.10         (unchanged from 0.10 as of february 1, 2010)

land - 4/67 = 0.06                      (down from 0.08 as of february 1, 2010)

this statistic is an attempt to capture a glimpse of more current market activity rather than having to extrapolate historical sales data.  these stats are also available historically as well as for various price ranges within each property category at the link above.

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).

what's happening in your neck of the woods?

like to keep your finger on the pulse of bainbridge island real estate for your neighborhood?, for properties in a certain price range?, for waterfront properties?, for condominiums? no problem.

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://www.bainbridgeislandferrytails.com/blog  
• 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  a recent post features a link to some great time-lapse photos of the chilly hilly season-opening bicycle ride on the island.

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.