For those interested in purchasing property on Bainbridge Island in Puget Sound, the question might really be, where is the market currently? These stats I worked up from complete market data from the MLS show that we are coming up from a low of last year. Take a look and don’t hesitate to email me if you have any questions.
We can see from these figures that the lowest point was last January, a year ago, and this January has come up to what prices were 2 years ago. For the list of sales from which I took these stats, just email me and I will send them to you, I didn’t eliminate any sales, so this includes REO and short sales. What’s evident in this group of figures is that you are still getting about a 20% discounted price on where property was at it’s high mark in about 07-08. But it also shows values are heading back up.