quarter of 2018 with a look at days on market, median sales prices, inventory and more around the Sound. While Seattle and the Eastside saw remarkable increases in the number of homes for sale, trends were slightly different on Bainbridge Island, as the median sales price increased on a quarterly basis—not seen in any other area surveyed—and inventory remains relatively low at 2 months.
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Realogics Sotheby’s International Realty recently released a Waterfront Update with an analysis of stats from around the Sound since the start of 2018. Here, we take a dive into the latest trends on Bainbridge Island and the Kitsap Peninsula, where home values are rising and days on market are falling as more and more buyers embrace the waterfront lifestyle.
The housing market numbers from the first quarter of 2018 are in and Bainbridge Island has continued to stay popular and creating high buyer demand. The first quarter of 2018 showed an increase in an overall number of homes sold on the Island - up 28 percent from the same time last year despite a sharp 60.7 percent inventory decrease. There were 57 homes sold in the first quarter of 2017 and 73 homes sold in Q1-2018.