The year 2018 began with Seattle remaining ahead of all U.S. cities tracked by the S&P CoreLogic Case Shiller Home Price Index for a 17th consecutive month.
Examining the S&P Case-Shiller National Home Price Index, the home prices in the Seattle Region have risen by 11 percent between September 2015 and 2015, surpassing Portland which has had a 10.9 percent increase during this time period. Here is what you need to know about the causes and effects of Seattle’s booming housing market.
Bainbridge Island in Kitsap County includes Port Madison, Rolling Bay, and dozens of other small communities, as well as the historic town of Winslow. The island’s Bainbridge High School and Eagle Harbor High School are both ranked among the top public high schools in the state by U.S. News & World Report.
I am proud to present the Market Report: Puget Sound Real Estate Trends & 2015 Year in Review, a comprehensive look at the 2015 real estate market in an exploration of seven key counties of Western Washington: King, Snohomish, Kitsap, Pierce, Jefferson and Island counties, as well as 29 neighborhoods for our current and prospective clients.
November's numbers are in and the Bainbridge Island real estate market inventory continues to wane, as the number of active listings was down nearly 20% month-over-month. Sales also decreased, as the number of units sold was down nearly 30% compared to October's numbers. Given the anemic inventory, however, the median listing price increased $90K from the previous year to $875K. And buyers made their presence felt as the median sale price of $690K was up over $175K compared to last year. Along with increased prices, homes sold in an average of just 23 days on the market, down 62% from the previous year.