Bainbridge Market 2016 - The Luxury Market

Sales - Closings

There were 99 closed sales over $1M in 2016, a 45% increase from the peak in 2007 and the highest year on record. The year’s strong price appreciation pushed many homes over $1M, which was great news for these sellers. Sales have been climbing since 2011, up 412% over the low. Sales over $2M have come back particularly strong with 12 homes sold in 2016.  Significant sales include my listing on Country Club Road for $5.97M, the highest sale since the Great Recession. 


Historical Sales Price

Median sales prices decreased slightly to $1.25M due to an influx of sales pushing just over $1M. The average increased 4.2% with a strong showing in the highest tier (5 sales over the $3M mark).

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