Buckley & Buckley Real Estate
Buckley & Buckley Real Estate
Bainbridge Island Real Estate Update for March
Posted on March 31, 2010
Our market at a glance shows 45 residential home sales this year to date. Compared with 32 sales for the same time period in 2008 and 34 sales in 2009 this is an indication of the modest growth that has been forecast for 2010.
Inventory is up a bit from the winter months, 198 residential homes, 65 condo�s, and 71 vacant land parcels currently being offered for sale. There are 40 homes, 11 condo�s, and 4 land parcels are under contract, expected to close in the next 60 days, which should keep the sales figures up over 20% from the two previous years. Buyers are still getting bargains from bank owned properties and short sales but 50% of these sales fail for a variety of reasons and those that do close may take six months or longer to matriculate through the cumbersome process.
Inventory is up a bit from the winter months, 198 residential homes, 65 condo�s, and 71 vacant land parcels currently being offered for sale. There are 40 homes, 11 condo�s, and 4 land parcels are under contract, expected to close in the next 60 days, which should keep the sales figures up over 20% from the two previous years. Buyers are still getting bargains from bank owned properties and short sales but 50% of these sales fail for a variety of reasons and those that do close may take six months or longer to matriculate through the cumbersome process.
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