The Real Estate Market is Looking Up on Bainbridge Island

The Real Estate Market is Looking Up on Bainbridge Island

These days, the news related to the economy is generally doom and gloom.   On the national level, things are still not good.  However, in terms of real estate, the market is always a local one.  Other real estate markets do effect ours, that is for sure.  If I have a buyer from Las Vegas and they can not sell their house in Las Vegas, in order to buy one here, that effects the Bainbridge Island market.  Real estate has always been a game of dominos.  But, it is evident that the Seattle market has faired better than many like San Diego, Sacramento and Miami – all among the top ten worst markets for 2009.  I found the numbers below related to the Washington Real Estate Market to be good news and we could all use a little good news!

36.3%

Increase in Washington homes sales from 1st quatrer of 2009

21,300

Number of jobs added in Washington between January and March 2010

65%

Increase in single-family building permits in Washington comparing 1st Quarters of 2009 and 2010 (new homes being built)

98,100

Increase in Washington population July 2008-July 2009

4.5%

Contract mortgage rate in July, the lowest this year.

11

Number of Washington counties where median home price increased in the last year

8.0

Months supply of homes on the market at end of 1st quarter, down from 11.8 months in 2009

Stats from Washington Association of Realtors RE Magazine.

On July 23, 2010, in Real Estate Business, by

Proposed site analysis showing the potential for two homes on property.

7305 NE High School Road

Bainbridge Island

Lot size 4.63 Acres

mls# 97866

$375,000

Take advantage of this rare opportunity to build your dream home close to town, yet world’s away. On the market for the first time in over 30 years. Potential mountain views from this former fir tree farm. Natural and undisturbed; this 4.6 acre parcel boasts impressive mature trees and level building sites. Divide, or keep it intact (Zoned R-0.4 = 1 Res per 100,000sf).

Direct access from High School Road. Close to ferry, downtown, schools, parks.

Click here to view the full photo gallery.

On July 16, 2010, in Homes, Real Estate Business, by

In typical Northwest fashion, summer officially arrived after the 4th of July.  We had our first taste of heat last week, when temperatures reached the 90’s -quite unusual for Bainbridge.  Now, with school out summer brings:

An end to softball season and the start of Allstars – great job BI Girls 9/10

The start of Allcomers on July 5th

The 4th of July Parade Downtown

Better weather for beach days at Lytle Beach

Horse Riding Lessons for Zoe

Summer Camps for the kids

And the ripening of the Marshall Strawberries in our backyard

On July 10, 2010, in Activities, Community, Personal, by

5795 Wimsey Lane NE

3 Bedrooms/2.5 baths with an office & a bonus room

Main-floor Master

3,142 square feet

.80 acre lot

built in 1994 by Garrett Larsen

mls# 97059

$729,000

now $629,000

Charming custom home perched above Eagle Harbor in a small, desirable neighborhood. Spacious, bright, & open, home sits on .8 acre with an inviting covered front porch and massive rear deck that hugs the back of house. Colorful indoor living extends to the deck from bonus room, family room/kitchen & main floor master. Vaulted ceilings, large living spaces & 3 beds up. Convenient to town, yet private, with peek-a-boo views of Seattle-a home built for comfortable living & impressive entertaining.

Click here to see this home’s website.

Click here to see this home’s photo gallery.

On July 4, 2010, in Homes, Real Estate Business, by