And now for something completely different: THE GOOD NEWS (for Bainbridge Island and the US Real Estate Markets)
By Kevin Hawkins
GOOD NEWS STORY #1: Local Home SalesExperts remind us that one month does not make a trend, but we hadsome pretty good news in the March home sale numbers on Bainbridge. Of the 14 single-family home sales that recorded in March, four homesales were at one million dollars or higher and six sales were in the"dead zone" of $600,000 to $999,999. That means over 70 percent of all home sold on Bainbridge were pricedat $600,000 or higher. We had 33 sales so far this year compared with 34 last year. Themedian home price (half sold for more, half sold for less) jumped fromjust under $700,000 last March vs. over $780,000 this March. Granted, median home prices are not very meaningful on amonth-to-month comparison basis, but it is still a very positivenumber. BOTTOME LINE: This is a very signific...
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