Market Tracker | March 2021

Presented by: Kristi Nelson | 206.391.1718 Market Tracker Wednesday 04/14/2021 Welcome to Market Tracker, an exclusive report that informs you of residential real estate sales activity and regional trends. Please contact me if you would like more information on current market trends.

March 2021 Bainbridge Island, WA       What kind of market is it? Inventory indicates a Seller's Market Single Family Seller's Market 2.5 months of supply March 2021 Buyer's Market -37.5% from Mar 2020 Sellers Market Buyers Market Estimated time to sell all of the current listing inventory (57) at the current sales rate (9/month average over 6 months) if no other properties came on the market. Seller's market: Less than 4 months of supply Neutral market: 4 - 6 months of supply Buyer's market: More than 6 months of supply

March 2021 Total Homes Sold Single Family 33 22.2% from Mar 2020 January - March 2021 Year-to-Date Homes Sold Single Family 71 7.6% from YTD 2020 Total Monthly Inventory March 2021 121 Total Units   103  All Residential Homes   83  Single Family Homes   12  Condominiums   18  Vacant Land March 2021 New Listings Single Family 42 -16.0% from Mar 2020 March 2021 Percentage of Asking Price Single Family 103% 4.0% from March 2020 March 2021 Average Price per SqFt Single Family $464 14.6% Mar 2020 March 2021 Median Sold Price Single Family $1,338,000 21.6% from Mar 2020 Monthly Supply of Inventory Homes Sold by Price Range Homes Listed by Price Range

Kristi Nelson Broker | Founding Member Bainbridge Island Office M 206 391 1718 Bainbridge Island Branch 240 Winslow Way E. Bainbridge Island, WA 98110    Email Me   Visit My Website &nbap;

 

&nbap; &nbap; &nbap; Find Homes   Contact Me &nbap; &nbap; &nbap; Due to possible reporting inconsistencies, Days on Market (DOM) should be used to analyze trends only. Property and statistical data is derived from the MLS board and is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited. &nbap;