2009 was no 2008

Those of us in real estate could really feel these numbers below as we closed up the year.  2009 was a different year than 2008.  I am hoping for a “normal” market as we head into 2010.  To look at the year end numbers very simply, if 2007 (332 sold) was very high in regards to number of sales and 2008 (187 sold) was very low, 2009 (212 sold) looks like it was the happy medium. Where the price per square foot is heading is the question everyone is asking.  I am predicting stabilization, but I will analyze that topic further in an upcoming post.

December Numbers for homes sold on Bainbridge (does not include condos)

2009 – with currently 162 homes on the active market, with 31 pending

2007 2008 2009
Total Sold 15 13 22
Median Sales Price $602,000 $427,000 $502,000
Avg. Days on Market 232 210 265
Price per sq. ft. $234 $211 $213

Year-End numbers for homes sold on Bainbridge (does not include condos)

2007 2008 2009
Total Sold 332 187 212
Median Sales Price $680,000 $589,000 $546,000
Avg. Days on Market 98 108 139
Price per sq. ft. $303 $284 $239
Historical Year End Numbers for homes sold on Bainbridge

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