Bainbridge Island, WA Real Estate News

By Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy
(Napa Consultants)
This week we spent two days on Bainbridge Island, which is West of Seattle on the Puget Sound.  This shot was taken from the ferry coming into Seattle.  The 35minute ride was very pleasant and relaxing.  What a great transportation system.  Bainbridge Island is one of the loveliest places we have visited. WATCH VIDEOS-  Buzz-Worthy Luxury Real Estate Websites  Personal Branding Case Studies   Company Branding Case Studies  About Language of Luxury - JOIN THE LOL COMMUNTIY -  GET FLUENT. GET AFFLUENT!  Linked In, Facebook, Active Rain  Broker Agent Social, Proxio, Real Town, & Bigger Pockets  
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By Brenda Prowse
(Prowse and Company)
Bainbridge Island residential properties were selling for a September median price of $565,000, about 5% higher than in August. The more stable three month moving average of closed sale price fell about 5% from last month to $544,833 and is 6% lower than it was a year ago. The Kitsap County 3 month moving average median price is 4% higher than it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is 13% lower than a year ago. The 3 month moving average of closed sales is down 23% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in September was unchanged from a year ago. The number of active listings on Bainbridge (235) fell 6% from August and is down 3% from a year ago.  The inventory turnover (total homes ...
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By Paul Pival, A Realtor with the soul of a professor.
(Coldwell Banker Bain)
    Closed Transactions Sept 22-30 Fewer than half the transactions during this period than last year.     Transactions closed faster but the average selling price down by a third.  Inventory on Bainbridge is still good. It's still a buyer's market   If you would like details of the home that closed in your neighborhood, call or email me.
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DEADLINE TO APPLY IS OCT. 20TH, 2010 - See www.biparksfoundation.org for details under "GRANTS"  Bainbridge Island Parks Foundation is now accepting applications for our annual grant funding awards. To be eligible for a grant, groups and projects must meet the mission criteria of the Foundation. To learn more about the eligibility requirements and to obtain a grant application, go to www.biparksfoundation.org and click on the "Grants" link. Grant application submission deadline is Wednesday, October 20, 2010. The Foundation board will announce on Friday, November 5, 2010 those grant applicants invited to make a personal presentation to the board on Wednesday, November 17. Fellow islanders: please help me out and repost this info on your blogs, newsletters, etc. so we can get the word out!
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By Brenda Prowse
(Prowse and Company)
Bainbridge Island residential properties were selling for a August median price of $540,000, about 2% higher than in July. The more stable three month moving average of closed sale price rose about 5% from last month to $574,833 and is 17% lower than it was a year ago. The Kitsap County 3 month moving average median price is 4% higher than it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is 35% higher than a year ago. The 3 month moving average of closed sales is down 15% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in August rose 3% from a year ago. The number of active listings on Bainbridge (249) fell 7% from July and is up 2% from a year ago. Though we show prices rising and closed sales higher ...
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Favorite Bainbridge Island Restaurant Overall: Four Swallows481 Madison Ave NBainbridge Island, WA 98110(206) 842-3397 Mike Sharp runs this restaurant set inside an historic home; in restaurant years on Bainbridge, this place also has a spot in history as it has been around for 20 years. Yes it is among the more $$$ restaurants on the Island, but we have always found that the service (we never have met a better server than Jose) and the food (not one bad meal in 14 years) are worth it. This is our special occasion restaurant (even our 12 year old son says it is his all-time favorite and he has only been there once!).  We like everything and the menu changes with daily specials. Four Swallows is the Island's longest-lasting "farm to table" restaurant and I have seen Mike shop for the ing...
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Here's a great reminder for buyers still sitting on the fence waiting for home prices to fall a bit and risk an increase in interest rates: Every 1% increase in home loan rates decreases the buying power of an individual by 10% in home price. So if you qualify for a $200,000 home loan today and interest rates increase 1%, the amount you could qualify for would be reduced to approximately $180,000 to maintain the same payment. The numbers:$200,000 loan at 4.00% has a monthly mortgage payment of  $954. $180,000 loan at 5.00% has a monthly mortgage payment of $966. $160,000 loan at 6.00% has a monthly mortgage payment of $959. With rates hitting the lowest levels on record now is the time for home buyers to jump off that fence!  
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By Paul Pival, A Realtor with the soul of a professor.
(Coldwell Banker Bain)
I don't think so. Islanders love their ferry and cherish their rural setting. That's why housing prices are higher here.  But on the average, they are lower than they were last year at this time (see report below). Closed Transactions August 8-21   Except for Silverdale, homes closed quicker this week than they did during the same period last year.  Again, overall activity was less than last year.  The average selling price was less in all four areas.    If you'd like the selling details of the home that closed in your neighborhood,  just ask.                                        
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By Maureen Buckley, Managing Broker/ Owner
(Buckley & Buckley Real Estate)
Pane d'Amore Artisian Bakery has opened its doors between the Treehouse Café and Lynwood Theater. This highly anticipated bakery offers an extensive selection of breads made daily alongside broad assortments of wine and local cheeses, flours, and hard cider. Additionally, they offer condiments from around the world and Busy Bee Farm eggs delivered by bicycle. And while this world class bakery does offer imported delicacies, their emphasis is on local products; such as, greens from Tani Creek Farm (a nearby biodynamic farm), butter and milk from Golden Glen Creamery (near Bow), and Mt. Townsend Creamery cheeses (Port Townsend). Because of this, they are quickly becoming, as their slogan proclaims, "the heart of a community." Visit http:/panedamore.com for a daily Bake Schedule   Pane d'A...
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By Maureen Buckley, Managing Broker/ Owner
(Buckley & Buckley Real Estate)
The Bloedel Reserve no longer requires reservations and they've added casual outdoor shows to be held in the Meadow by the barns. Because sheep were once kept in that area, they've dubbed their new performances the "Sheep Shed Shows." This month's offerings include Jamie Lavel, a premier Celtic violinist and US National Scottish Fiddle Champion, and Eric Ode, musician, poet, and children's entertainer. Because these are outdoor events, guests should bring seating and wear appropriate outdoor garb.   Summer Hours: Wednesday-Saturday 10am-7pm , Sundays 10am-4pm Jamie Laval, August 1 at 4:30pm ● Eric Ode, August 9 at 10:00am   7571 N.E. Dolphin Drive, Bainbridge Island, WA 98110  |  (206) 842-763   http://www.bloedelreserve.org
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By Paul Pival, A Realtor with the soul of a professor.
(Coldwell Banker Bain)
Closed Transactions August 8-14   Bainbridge closed 75% more transactions than last year during this time period.  Silverdale, Poulsbo and Kingston lagged behind.  But in Silverdale, Poulsbo and Bainbridge, transactions closed much quicker.    The average sale price dropped in all markets (except for Kingston).   If you'd like the selling details of the home that closed in your neighborhood,  just ask.  
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By Brenda Prowse
(Prowse and Company)
Bainbridge Island residential properties were selling for a July median price of $529,500, about 19% lower than in June. The more stable three month moving average of closed sale price fell about 1.5% from last month to $547,333 and is 19% lower than it was a year ago. The Kitsap County 3 month moving average median price is 1% higher than it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is 54% higher than a year ago. The 3 month moving average of closed sales is down 3% Countywide from a year ago. The 3 month moving average number of Bainbridge pending sales in July rose 29% from a year ago. The number of active listings on Bainbridge (268) rose 3% from June and is up 6% from a year ago. The inventory turnover (total homes on the market divid...
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By Phil Leng, Phil Leng - Retired
(Retired)
  The Trip to Bainbridge Island, WashingtonThe other day I accepted the job of establishing a price for a house on Bainbridge Island. The lending institution needed to know the current value.I set off early in the morning, hoping (naively) to get back before 8:30 am to get my team going and still be on time for a class I was taking at 10:am.Funny thing. When I edited the video, I realized I got so caught up with the trip that it ends up being a travelogue of how beautiful our area is.Very little attention was given to the purpose of the trip - to take pictures of a house and establish a present value for the bank.For me, the trip involves crossing over Lake Washington, going through downtown Seattle, getting on a ferry and crossing over the Puget Sound. Once on Bainbridge there was a sh...
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By Patricia Kennedy, Home in the Capital
(RLAH Real Estate)
Let's call this one "Lipstick on a Frog". This fellow is amazing.  He lives along the side of a road on Bainbridge Island - it's the other Washington!   Some neighbors did this, creating a frog out of a couple of rocks stacked one on the other.  You might also notice the little creature in back of the frog.  Not sure exactly what he is.  But he sure is cute.
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By Patricia Kennedy, Home in the Capital
(RLAH Real Estate)
Active RAIN?  I think not! This is my fifth trip to Seattle area, and I am convinced that, contrary to what we've all heard, this is not a rainy area.  I think it is a myth perpetuated by the locals to keep people like me in the Other Washington - Washington, DC! Since I arrived on Saturnday, the skies have been clear and a gorgeous shade of blue.  The weather has been between about 65 and 85 degrees, with no noticable humidity.  My family has gathered on Bainbridge Island for my niece, Brighid's wedding.  It was outdoors under clear, blue shies, and just beautiful.  Now, this is not my first contact with wonderful weather in Seattle.  It's my fifith or so trip.  I've never seen a drop of rain.  I've seen only a few wispy clouds.  So I'm wondering.  Should it be Active Clear and Sunny? ...
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By Brenda Prowse
(Prowse and Company)
Bainbridge Island residential properties were selling for a June median price of $655,000, about 43% higher than in May. This is a misleading statistic that means that the distribution of sales included more higher priced homes (homes that have probably been reduced in price to try to attract a buyer). It may be that the low interest rates are resulting in more mid price range sales even though 1st time buyer activity has fallen off. The more stable three month moving average of closed sale price rose about 9% from last month to $555,833 and is 14% lower than it was a year ago. The Kitsap County 3 month moving average median price is 2% lower than it was a year ago. The 3 month moving average for Bainbridge Island's number of closed sales is 81% higher than a year ago. The 3 month movin...
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By Paul Pival, A Realtor with the soul of a professor.
(Coldwell Banker Bain)
Closed Transactions July 1-7 Almost no activity this week, and what little there was was much less than that during the same holiday weekend last year. Except for Kingston, time on market was less in all areas, particularly in Bainbridge Island.  For the second straight week, the average selling price in Bainbridge was significantly lower than the median.  We expected activity to drop at the end of the tax credit incentive deadline, but not this much.   If you'd like the selling details of the home that closed in your neighborhood,  just ask.      
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By Maureen Buckley, Managing Broker/ Owner
(Buckley & Buckley Real Estate)
A new store offering custom bath and body products opened approximately ten weeks ago in downtown Winslow.  Located two doors down from Café Nola's, they emphasize strictly custom products and offer customers approximately 200 fragrances and numerous colors from which to choose.  Once customers have selected a fragrance and tint, products are made fresh for every sale.  Bath Junkie asserts, "We want everything in your life to smell good, be good for you and be safe for the environment."  For that reason they have chosen to carry cruelty free products, most of which are paraben and SLS-free.  SLS stands for Sodium Lauryl Sulphate, a harsh cleaning and foaming agent used in many over the counter products that has been linked to numerous ill health effects.  Moreover, Bath Junkie purchases...
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By Maureen Buckley, Managing Broker/ Owner
(Buckley & Buckley Real Estate)
Bainbridge now has three indoor facilities geared toward young children: KiDiMu (the recently relocated Kids Discovery Museum), the Peacock Family Center (in the former KiDiMu site), and the new and improved Kidsup! Parent Child Center.  In the Pavilion, the Kidsup! Parent Child Center offers room to play, a place to grab a bite, and a community room for parties and other events.  Busy parents will appreciate being able to get something to eat while watching their children play.  And kids enjoy the town themed play complex in which they can open "businesses" like restaurants or mechanic shops.  As well, they are sure to enjoy the new Cedarworks play structure installed this past Father's Day.  A family pass is good for the entire family; a day pass costs $10, a month pass $35, and an an...
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By Maureen Buckley, Managing Broker/ Owner
(Buckley & Buckley Real Estate)
Bainbridge Island is one of only 20 communities to win a multimillion dollar federal grant designed to help homeowners and businesses retrofit existing homes to achieve lower energy costs.  To implement this, the Conservation Services Group will assess homes and give them a list of upgrades and retrofits.  This assessment is a step towards eligibility for a low interest loan program funded by the grant.  Additionally, Conservation Services will give out some small free upgrades like low-flow shower heads and fluorescent light bulbs. To learn more, visit:http://www.pnwlocalnews.com/kitsap/bir/news/96229509.html  
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