Keith Hauschulz
Keith Hauschulz
Windermere Real Estate/BI, Inc.
keith hauschulz bs, mba, phd | office direct: 206.780.7690 | cell: 206.920.7802 | email: keith@windermere.com

how's the market? - november 2010

Posted on December 17, 2010
how's the market? - november 2010

november, 2010 bainbridge island real estate market statistics link:

http://www.bainbridgeislandferrytails.com/index.cfm/page/77846/parent/15898/2010.html

just scroll to the bottom of the page and click on the individual lines of text, each of which is a link to a pdf file.

market summary

the number of residential sales on the island through november 30, 2010 was up by nearly 20% (from 190 sales to 227 sales) over the same period last year. the percentage of residential single-family listings "under contract" has shown some improvement, holding steady over the past two months in the 20% range. the majority of residential sales activity continues to be in the under $600,000 price range with nearly 60% of the residential sales year-to-date under $600,000. foreclosures and short sales continue to exert downward pressure on prices with the mean sales price year-to-date down over 6% from the same period in 2009.  the number of condominium sales year-to-date is generally tracking 2009 with 46 sales in 2009 versus 48 in 2010.  both mean and median condominium prices, however, were below 2009 levels. residential land sales have shown some improvement with 19 sales year-to-date in 2010 versus only 10 for the same period in 2009. still, land sales and prices are both down significantly from historical levels.

as of december 15, 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 - 48/239 = 0.20          (up from 0.19 as of november 15, 2010)

condominium - 13/88 = 0.15       (up from 0.09 as of november 15, 2010)

land - 8/93 = 0.09                       (down from 0.10 as of november 15, 2010)

this statistic is an attempt to capture a glimpse of more current market activity rather than having to extrapolate historical sales data.  these statistics 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://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 recent posts range from a 2010 tax code update by island cpa, tim jacobsen, and a commentary on some of the impediments to real estate short sales to lighter fare such as a timely seasonal parable in "old salt" and speculations on the origins of some common terms and sayings in "who knew?".

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.

keith hauschulz, broker
windermere real estate/bainbridge island, inc.
840 madison avenue north
bainbridge island, wa 98110 usa
206.780.7690 (direct)
206.920.7802 (cell)
206.201.8446 (fax)
 

keith@windermere.com

http://www.bainbridgeislandferrytails.com

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