Realogics Sotheby’s International Realty has compiled the 2018/2019 Market Report, which profiles 8 key counties and 31 communities in Western Washington. The report also includes a 2018 retrospective, an in-depth look at Seattle’s performance on the S&P CoreLogic / Case-Shiller Home Price Index, and a 2019 Look Ahead. Below we have compiled trends in Kitsap County and Bainbridge Island.
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The past year proved to be successful for our local real estate market. Realogics Sotheby's International Realty compiled an extensive look into neighborhoods across the region, and I am proud to share some statistics for Bainbridge Island.
Bainbridge Island Community Report
Single-family residences and condos on the island have been a seller’s market since January 2015 and monthly supply remained below two months from September 2015 through May 2016.
As in many other exurban locations, prices tend to be more volatile on Bainbridge Island. While the island benefits as a bedroom community to Seattle, growth slowed within the past year. In 2016, the median price rose by 5.2% year-over-year; slackening from the double-digit growth in the preceding two years but still 131.1% higher than the Kitsap County median.
Read the full Market Report here.