Recently released on the Realogics Sotheby's International Realty blog; the market trends for the first two quarters of 2017 have been published with interesting statistics. As reported on the blog, in Seattle, "Prices continued to exceed seller's expectations in Q2-2017, as the median sales price reached $718,000, an increase of nearly 13% compared to 2016."
Over on our side of the lake, residential median sales prices for Bainbridge Island saw a rare increase in inventory for Q2-2017, "up to 2.1 months compared to 1.7 in 2016." The reports go on to say that while, "prices on Bainbridge Island tend to be more volatile... the general trend of sales prices has been up in recent years."
The full report gives details on the number of homes sold, average days on the market, average loan rates, as well as average price per square foot. These statistics are broken down into areas that include Bainbridge Island, Seattle condominium, Seattle single family, and Eastside. They're even separated into Q1-2017 and Q2-2017. You can find all the details the full market report pdf.
One of the most interesting statistics that I found from the In Bainbridge, the Q1-2017 median home price was $770,000 and then in Q2-2017 it dropped to $732,000. With half the year officially behind us, I am looking forward to seeing how the market continues to shift and am ready and excited to put my real estate muscles to use for my clients!