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.
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.
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.
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.
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 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.
As we closed 2018, the real estate market on Bainbridge Island underwent its typical seasonal slowdown. Many buyers elected to take a break from their home searches and some sellers also paused, as inventory fell to a low of 1.6 months. Though there were fewer sales, home values did not depreciate, as the median sales price reached $1,035,000, the highest figure reported on a quarterly basis in all of 2018.
Winter is right around the corner, and with the chill in the air and the joy of the holiday season, there are so many stellar things to do on Bainbridge Island. From music and art to fun family-friendly performances and other community events, celebrate the coldest season of the year with some fun, not-to-miss functions.
While it’s common for some homeowners to put the brakes on a home sale in the winter season, the final quarter of the year can actually make for an excellent time for sellers to enter the real estate market. Lower inventory on a historic basis during this time of year paired with a pool of buyers that are serious about their home search can prove quite favorable. If you’re thinking about listing your home for sale during the chilly season, it’s key to consider the following 6 items outlined in a recent Upnest article.
Though Seattle and the Eastside both reported slight decreases in the average median sales price from the second to third quarter of 2018, home prices on Bainbridge Island increased on a quarterly basis, from $865,000 in the second quarter of 2018 to $912,000 in the third quarter. This 5.4% quarter-by-quarter increase is larger than the 2.3% year-over-year gain, and may be attributed to a shortage of supply.
With the arrival of autumn, Bainbridge Island will soon be dripping in beautiful red and golden hues as the leaves change color and the air becomes crisper. This is one of our favorite times of year to spend a weekend wine tasting at the Island’s seven stellar wineries and tasting rooms. Below we’ve outlined our favorite destinations and what makes them special.
We are just days away from the start of the autumn season, which means we are in an excellent time of year to take care of home maintenance items that will prepare us as we shift into the chillier months of the year. Houzz put together a list of their top tips to have your home ready for the rain, falling leaves, and whatever else fall brings our way this year.