Bainbridge Island Market Trends: Q2-2018

Though other areas around Puget Sound experienced increased inventory in Q2-2018, Bainbridge Island saw a decrease in homes for sale with just 1.8 months of inventory. The number of homes sold likewise decreased, while the average sales price remained relatively steady between Q2-2017 and Q2-2018 at $965,000 and $972,000, respectively. 

Bainbridge Q2 Graph.png

A lack of inventory can be attributed to a decline in the average days on market, as homes sold in just 26 days, down nearly 40% compared to this same time last year. The average price per square foot grew at a slower rate than it did in the first quarter of 2018, increasing 2.5% from $355.35 (Q2-2017) to $364.31 (Q2-2018). 

Download the Bainbridge Island report here or dive into quarterly reports from around the Sound.