The March 2012 MLS report for Pending Houses and Condos shows 62 on Bainbridge Island in some form of pending status (pending inspection, pending short sale, pending). This must be some sort of record! And the pending homes are in a wide range of price points, not predominantly the low end as we’ve been seeing for months if not years. In comparison, the March 2011 Pending Sales report showed 30; the same report for 2006 (when everything was selling) showed 48.

Buyers are obviously tired of waiting and are anxious to take advantage of the lowest interest rates in history while they’re still available.

If you haven’t secured your deal yet, there is still a lot to choose from and more choices coming on the market every day. As of this writing, there are 250 Active properties on the island, 45 of them $1 million or more, 42 condos, so 164 homes priced under $1 million. But I encourage you to work with a Buyer’s agent; properties are coming onto the market and under contract within 48 hours. If you do not have a professional working on your behalf you are more likely to miss opportunities.

Wow, what a month! Of the 20 home sales recorded, 9 were over $1 million! And another 2 were over $900,000. We haven’t seen anywhere near this number of high-priced home sales on the island since 2006-2007′s market high.