Single-family homes on Bainbridge Island closed out the year strong, with a median sales price of $953,000 in the final quarter of 2019—up from the previous quarter’s reported $870,000 sale price.
Three Holiday Events on Bainbridge Island You’ll Want to Visit
Washington State Ferries switching from Diesel to Battery-operated
Seven Restaurants on Bainbridge Island to Try
The Ideal Day Trip on Bainbridge Island
Just a 30-minute ferry ride from Seattle, Bainbridge Island is one of the Pacific Northwest’s best kept secrets. The island itself has stunning views of the Puget Sound, cultural and historical heritage, unique small businesses and more. If you’re looking to escape the city for a day, experience the island lifestyle in the best way possible with this ideal itinerary.
Bainbridge Island Market Trends: Q3-2019
After double-digit home price growth from the second quarter of 2018 to that of 2019, the median sales price of single-family homes on Bainbridge Island retraced slightly to $870,000 in the third quarter of 2019. Buyers in this area purchased homes with greater speed than seen in previous years as homes sold in an average of just 19 days on market—a sharp decline from the 44 days they spent on the market in both Q3-2017 and Q3-2018. Conditions are relatively favorable for both buyers and sellers, with a healthy supply of inventory, at 2.4 months.
Autumn on Bainbridge Island
As the leaves turn from brilliant forest green to varying hues of reds, oranges, and yellows, it becomes clear that autumn has arrived on Bainbridge Island. From spooky creatures and scavengers hunts to costume contests and community celebrations, fall activities are abundant for those of all ages. Here are a few of Bainbridge Island’s autumn festivities not-to-be-missed:
Wine in Washington
Washington State has continued to make national headlines over the years. From our booming tech community and hot housing market to our ever-successful Seattle Seahawks, Washington manages to find ways to stand out. While news about Amazon and the housing market were hovering in the spotlight, our state has been quietly establishing itself as a leader in the wine industry.
Thoughtfully Curated—Current Exhibitions at BIMA
Extraordinary Getaways: Coastal Spain
Commuting from Bainbridge is a Breeze
Commuting is never usually the highlight of someone’s day. It can be hard to start the day off right when you are navigating your way through exhaustive lines of traffic and your coffee is cold before you even arrive to work. But what if all that could change?
Here on the island, we have a different perspective of commutes. We’re usually greeted by our friends or neighbors as we board the ferry from Bainbridge Island to downtown Seattle. The endless sea of taillights is traded for the calming waters of The Sound and the freeway views are swapped for sweeping mountain vistas.
Bainbridge Island Market Trends: Q2-2019
After a year-over-year retracement of the median sales price of single-family homes in the first quarter of 2019, home values saw double-digit growth in the second quarter of the year, increasing from $865,000 in Q2-2018 to $979,000 in Q2-2019, a 13.2% gain. It is thus no surprise that the neutral market we reported in the first quarter has now shifted back into a seller’s market, with 2 months of inventory. Though the average cumulative days on market was up slightly from this time last year—at 33 days—it was markedly lower than Q1-2019, when homes sold in an average of 67 days.
2019 Waterfront Update
Nothing quite compares to the waterfront lifestyle on Bainbridge Island during the summer months. Aquatic adventures abound with long days spent at the water’s edge. In the spirit of the waterfront season, Realogics Sotheby’s International Realty recently released RSIRWaterfront.com, which takes a close look at sales trends in 14 counties around Western Washington with price trends and topographic maps of 27 waterfront communities. Below we have compiled thoughtful insights for Bainbridge Island and Kitsap County.
Summer on Bainbridge Island
Outdoor Living Trends Just in Time for Summer
The sunshine-filled days of summer are nearly upon us, which means we’ll be dusting off our patio furniture, tending to our gardens, and hosting afternoon barbecues. For many of us, the arrival of the warmest months of the year means we’ll be spending much more time outdoors, inviting friends onto our patios, decks and entertaining terraces. If your outdoor living space could use an extra touch this season, look no further than a few of our favorite, simple decorating tips, courtesy of HGTV.
Extraordinary Getaways: Southern Europe
Bainbridge Island Market Trends: Q1-2019
The market slowdown that began in the fourth quarter of 2018 continued into the first quarter of 2019, with the median sales price of single-family homes on Bainbridge Island settling at $843,000, a 6.33% retracement from the first quarter of 2018 (when homes sold for $900,000). In the first quarter of 2018, we reported a sharp decline in inventory, however as was the case in many markets, inventory rose on Bainbridge Island in Q1-2019, pushing into a neutral market, with 3.2 months of inventory.
The 2019 Guide to Rental Vacation Properties
Many homeowners and savvy investors are turning to rental vacation properties as a means of generating extra income. For someone that hasn’t yet broken into the rental market, the idea of investing can feel daunting: What area should I buy in? What if I don’t make the right purchase? How do I even begin? A recent Forbes article answered one of those questions, in a recent outline of the top five places to own a vacation rental property in 2019.
Annual Market Update: Bainbridge Island
The data for 2018 is in and Realogics Sotheby’s International Realty has put together a comprehensive market report that covers eight key counties and 31 regional markets around the Puget Sound. Below, I’ve outlined trends from Kitsap County, Bainbridge Island and Poulsbo for you to consider as we move into the busiest sales season of the year in our real estate market.
Spring on Bainbridge Island
Spring is nearly upon us, and as we prepare for longer days, birds chirping and—fingers crossed—sunnier weather, we thought it’d be a great time to highlight some of the fabulous things there are to do on Bainbridge Island. From night hikes and nature walks to entertainment and a Mother’s Day treat, welcome the season of change with some stellar, not-to-be-missed events.