Buckley & Buckley Real Estate
Buckley & Buckley Real Estate
February Real Estate News on Bainbridge Island
Posted on March 2, 2010
The Feb. real estate market continued on a positive trend. A snapshot of the market on Feb. 24th shows 167 Homes for sale with 40 under contract, 66 Condos available with 9 under contract and 61 vacant land parcels with 3 under contract. 2010 closed sales to date include 24 homes, 4 condos, and 4 land parcels. This is a 20% increase over the same period in 2009. Inventory remains at a two year low and the few new listings that have come on which were in exceptional condition and priced correctly went under contract quickly. Despite this activity prices are still depressed well below 2006 and 2007 highs. Most of us receiving our property tax statements this month saw that our assessments had finally decreased to reflect a more accurate market value.
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