Q4 2019 | Market Update
Realogics Sotheby’s International Realty presents a look at the housing market trends for the fourth quarter of 2019, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.
Below I’ve highlighted data from around the island but if you would like specific market data for anywhere in Kitsap County and beyond please reach out.
Single-family homes on Bainbridge Island closed out the year strong, with a median sales price of $953,000 in the final quarter of 2019—up from the previous quarter’s reported $870,000 sale price. As one would expect for the season, homes took longer to sell, with an average of just over two months on the market. Slightly more homes sold in the fourth quarter of 2019 than during the same time the previous year, up from 83 to 90. Inventory on Bainbridge Island continues to eclipse other areas around the Sound, at 2.2 months for Q4-2019, a figure that is relatively unchanged on a year-over-year basis. The average price per square foot remained relatively unchanged compared to Q4-2018 and on a year-over-year basis, at $382.18.