Bainbridge Island Market Trends: Q3-2019

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

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

Thoughtfully Curated—Current Exhibitions at BIMA

The Pacific Northwest has always been a unique location for art. From Northwest Coast art created by Native Americans and the tribes of First Nations to blown glass sculptures, our region is witness to incredibly talented artists.

Extraordinary Getaways: Coastal Spain

Extraordinary Getaways: Coastal Spain

The next stop in our Extraordinary Getaways series is all about coastal Spain. From Costa Brava to the Balearic Islands, there is something incredibly luxurious about waking up to the sound of waves crashing along the shore.

Commuting from Bainbridge is a Breeze

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

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

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

Summer on Bainbridge Island

Summer will soon be here, and we are looking forward to long days filled with sunshine, beach days at the waterfront, and the many activities that the sunny season brings to Bainbridge Island. Below, we’ve outlined a few of our favorite, not-to-be-missed events.

Outdoor Living Trends Just in Time for Summer

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

Extraordinary Getaways: Southern Europe

The next stop in our Extraordinary Getaways series is all about southern European homes. From the shores of Monaco and Cannes, to the striking architecture of Italy and Greece, browse a collection of amazing homes that exude the glamour of living—and vacationing—in southern Europe.

Bainbridge Island Market Trends: Q1-2019

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

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.