This charming custom home in the desirable Commodore Neighborhood is a rare in-town package.  Four bedrooms, a finished basement and entertaining spaces inside and out.  All within walking distance of schools, Winslow and the ferry.  Come take a tour today in person.

Open House: Sunday 1-4pm

Welcome to 1525 Arthur PL NW and the Commodore Neighborhood.

Formal living room with dramatic  floor-to-ceiling windows.

Remodeled kitchen with white wood cabinetry, black granite counters and stainless steel appliances.

Master suite with cozy fireplace and private balcony.

Spa-like master bathroom with California Closet Systems.

Custom 900 sq ft hardwood deck, with spa.

Large .37 acre, fenced lot with sport court, fire pit, shed, and garden space.

Details about the home:

Charming custom home on quiet cul-de-sac in the desirable Commodore Neighborhood. Exceptional outdoor living spaces on larger, private lot. Quality finishes and updates, including remodeled kitchen with white wood cabinetry and granite countertops. Finished basement with spaces for media room, office, and storage. Four larger bedrooms all upstairs plus formal dining and living rooms. Master Suite with private balcony and cozy fireplace. In-town convenience close to schools, ferry, and Winslow.

  • Offered at $868,000
  • Four bedrooms and 2.5 bathrooms
  • 3,500 square feet on .37 acres
  • Charming custom built home with covered front porch, cedar siding and cedar roofing
  • Formal living and dining rooms plus family room, bonus room and office
  • Light and bright remodeled kitchen with white wood cabinetry, black granite countertops, subway tile backsplash and newer stainless steel appliances
  • Hardwood floors on the main level
  • Fir windows, doors and trim throughout most of the home
  • Large master suite with a fireplace, private balcony, connected master bathroom and custom California Closet organization
  • Spa-like, updated master bathroom with double sinks, an extra-large dual-head shower and private toilet room
  • Oversized laundry room/mud room
  • Media room in the basement with built-in bookshelves, projector system and pull-down screen
  • Private room in the basement with separate entrance – perfect for home office, yoga studio or gym
  • Spacious 900 square foot hardwood custom deck and spa in the fenced backyard with sport court, fire pit, storage shed, garden space and fenced dog-run area
  • Electric forced air with heat pump
  • Connected city water and sewer

Visit the full Windermere listing here.

Visit this home’s custom website here.

Welcome to 713 Madison Ave North.

It has been a while since one of these colorful townhomes has come up for sale in the popular Courtyards on Madison community. My clients are original owners and have added thoughtful, high-end finishes over the years and this home is in immaculate condition. Come take a look for yourself at the open house or contact me directly for a private tour.

Open House: Saturday 1-4pm

Updated kitchen with high-end appliances and quartz countertops.

Large dining area opens to kitchen and living space.

Living spaces and lower level have updated bamboo flooring.

Large, private deck gets southern light and is the best spot to watch the 4th of July Parade.

The spacious master suite with vaulted ceilings. Both bedrooms have their own baths.

Spa-like master bath remodeled in 2018 by Clark Construction.

Convenient, attached two car garage.

Details about the home:

  • Offered at $598,000
  • 1,596 square feet
  • Two large en suite bedrooms with vaulted ceilings
  • Spa-like master bathroom with modern tiles & fixtures plus custom closet system remodeled by Clark Construction in 2018
  • Bonus room on entry level with ¾ bath – perfect for home office, guest room, or exercise room
  • Remodeled kitchen with high-end appliances, quartz & stylish backsplash
  • Bamboo flooring on main and living levels
  • Walls of windows in living areas
  • New interior paint
  • Modern light fixtures
  • Laundry area
  • Large pantry in kitchen
  • Tons of storage throughout home
  • Fenced front yard with covered front porch
  • Large, private balcony captures southern light
  • Two car attached garage
  • New hybrid hot water heater
  • New roofing (covered by HOA)
  • Excellent guest parking
  • Low HOA dues at $430 a month

Stylish townhome in the heart of Winslow boasts a remodeled kitchen, bamboo floors, a spa-like master bath and updated baths throughout. Vaulted ceilings and oversized windows let in natural light. Covered front porch and large balcony have the best views for 4th of July parade! Two bedrooms, each with their own baths. The main level office/bonus/guest/exercise room also has a bath. Two car, attached garage and private front yard. Space for elevator-possible. Close to town, ferry and schools.

For the complete Windermere listing, click here.

 

Blakely Harbor on Bainbridge Island.

Things That We Know Are True

In the real estate business, we know never to count our proverbial chickens. Offers aren’t made until directed by a client. Offers aren’t successful until they are accepted. Inspections aren’t completed until everyone is satisfied.  And we never take a transaction closing for granted. Every step forward is a cause for celebration. We view the market in the same way, especially since 2008. So when we say that the first quarter of 2018 had many similar challenges as the first quarters of the past few years, we mean that there was strong demand, some supply, affordable interest rates, and a solid outlook. So we celebrate the first quarter, warts and all.

Beautiful Imperfections

Even some of the warts aren’t as bad as they might seem. This is particularly true of inventory, which has experienced new lows. At the beginning of April, there were only 40 available (active) single family home listings on the island. This includes all prices, pre-sale homes (which haven’t even been finished yet), and your typical cadre of homes that are woefully overpriced or in a condition or location most normal buyers shy away from. (Bainbridge is different from Seattle, where these types of things tend not to deter buyers.) Nevertheless, 66 homes sold in the first quarter, which surpassed our sales from the past two years. Those additional sales also confuse the lower inventory numbers because homes were essentially selling faster (some might call it “velocity” or “higher turn”) so there would have been more homes left on the market if we sold homes at last year’s rate. (The average cumulative days on market fell from 85 in 2017 to 70 this year – a 17.6% drop).

Combined with a 20% increase in both average and median prices (for the first time, our average price for a quarter is over $1 million), you would have to conclude that our market is very strong. Granted, buyers are paying more with fewer choices, but we are still seeing buyers looking west from Seattle and finding a far saner market with much better values. This surge is not limited to single family. Condominium sales matched last year (technically, up by one) with the median price growing 12%, from $515K to $575K. Land sales, unimpressive last year, burst out of the blocks in 2018 with a 50% increase in lots sold and a 100% increase in median price ($217,500 to $435,000).

New construction on Bainbridge Island

The Supply Chain

We know that demand is strong this year, but what about supply? The building behind Harbor Steps (between Cave and Ferncliff) is called Bainbridge Landing and will consist of about 114 rental units. The DR Horton project on Sunrise and Torvanger (11 homes) is about 70% complete with two homes remaining for sale. Quadrant is building 19 homes on Weaver (they are well under construction). The Reserve at Winslow on Finch Road features 12 luxury homes, Madison Grove off of Duane Lane includes eight luxury homes, and Madison Landing at 937 Madison Avenue includes 24 condos. These three properties are being developed by Island Communities by Millennial. The Roost has begun their second phase of live-work structures and The Residences at Pleasant Beach is going in for permits on their second tier of 12 homes. All of these projects are being built within the geographic boundaries of our current comprehensive plan, which has pushed density into specific neighborhoods on the island, leaving the vast majority of our land mass with its much lower density zoning.

Looking Around

How about our neighbors to the west and north? The North Kitsap market (Hansville to Poulsbo) is also active and fast-moving right now. There, 167 homes sold in the first quarter, with an average of 46 days on market, and at a selling pace 34% faster than ours. Since 2015, the median price (currently $385K) has risen 23%, almost 17% of which was a change from this year over last year. Things are popping across the Agate Pass Bridge.

The Value of Knowledge

If the first quarter is an indicator of the rest of the year, it appears we are in for an active year in Bainbridge Island real estate. To keep things moving in the right direction, experienced real estate agents bring a lot to the table. In an environment when buyers need to make decisions on sometimes short pressurized timeframes, a good agent will have sellers’ listings prepared in a fashion where the potential buyers feel more comfortable stretching their budgets. When representing buyers, it’s as much about preparing them to be able to act as it is about advising on locations, limits and putting things in the proper perspective. This guidance to both sides may sound “simple” but often makes many thousands of dollars’ worth of difference in transactions (to say nothing of the peace of mind it provides all parties).

So, right now,  things are good – occasionally a little stressful, but good. Please feel free to call or email to talk about how this current market can work with your current real estate plans.

Welcome to Madrone Village at the west end of Winslow and this fabulous flat in the Sovereign Building.  Constructed with quality and care by Fairbank Construction in 2006, this flat was one of the first sold in the complex because of its sunny southern exposure, prime outlook (it does not face another building), and peek-a-boo views of Seattle and the Sound.  Convenient one level living and high end finishes, right in the heart of Winslow.  Hurry and come see this one for yourself.

Open Houses

Thursday, February 8th from 10am to 1pm

Sunday, February 11th from 1pm to 4pm

The Sovereign Building in Madrone Village.

Open floorplan and high end finishes like cherry wood cabinets, solid surface counter tops and hickory wood floors.

Terric southern exposure and open living spaces.

A large south facing deck with peek-a-boo views of Seattle and the Sound. This building is unique in the complex as it does not directly face another building.

Walls of windows throughout the home.

Large master suite with a five piece master bath.

Five piece master bath with cherry cabinets and a double sink.

The courtyard at desirable Madrone Village.

 Details about the home:

  • 1,183 square feet
  • 2 bedrooms and 2 full bathrooms
  • One level living with elevator access from parking garage and main level
  • Built in 2006 by Fairbank Construction
  • Cherry cabinets in kitchen, media wall and master bath
  • Updated hickory wood floors
  • Updated solid surface counters in kitchen plus custom backsplash, sink and faucet
  • Spacious master suite with walk-in closet and built-in desk
  • Five piece master bath
  • One parking space in underground garage
  • Private storage unit
  • Secured entry
  • Peek-a-boo views of Seattle and the Sound
  • Original owners
  • .6 miles to the Bainbridge/Seattle Ferry Terminal
  • Offered at $548,000

Experience coveted in-town living on one level in this well-appointed Madrone Village flat. Prime location with great open outlook and peek-a-boo views of Seattle and the Sound. Quality craftsmanship with newer wood floors, solid surface counters, tile backsplash and stainless steel appliances. Chef’s kitchen opens to large living area and south facing deck. Walls of windows for maximum sunlight. No shared walls, secure entry, elevator from parking garage, storage unit. HOA dues cover water/sewer/garbage/landscaping/exterior maintenance.

Click here to see the full Windermere listing details.

 

 

On February 8, 2018, in Uncategorized, by

The 2018 market is is ramping up fast, but I wanted to make sure I got to my favorite annual blog posts, my top 10 homes on the island for 2017. Last year 439 homes sold on the island – up from 369 last year – wow!  I am proud to say I personally toured the majority of them (that is a lot of laps around the island) and these are ten of my favorites. The list spans the island from north to south and represents the various price ranges, although that is not how I planned it, it just sort of ended up that way. The themes that jump out at me about last year are quality and character.  As speculation builders creep into our market more and more, quality construction and charming character homes continue to be harder to find. Homes that I love have soul.  The homes on this list are indeed soulful.

The sales prices continue to shift upward as the economy maintains its health and the Seattle area continues to be tech destination. Again, like last year, only two homes on the list are waterfront homes, which shows the desirability throughout our island; from inland pastoral, to convenient close-in neighborhoods, to the ever sought-after view and waterfront homes.The lack of inventory continued to be the predominate theme in 2017, which is why you will again see many multiple offers noted below in the list. In 2017, like 2016, the multiple offer scenarios crept up over the $1M mark, to the higher-end sales in several cases.

This is my 10th annual list. Wow, time flies when you are having fun.   To get a feel of the homes I personally enjoy touring and see all ten of my annual lists in one place, click here.  Have a fun virtual tour.

#10 | Sunrise Dr NE

#10

Original List Price $598,000

Sale Price $615,000 (multiple offers)

Days on Market – 6

Date Sold 6/28/2017

Click here for more photos and the full listing detail.

For #10 we start on the north end of the island on Sunrise Drive.  This home came on the market in the frenzy of the summer market and had multiple offers.  This home is surrounded by lush, established gardens and the interior style is bold, colorful and quirky. There are very few straight lines or boring colors in this home.  At just over 1,400 square feet the home lives large, making use of every inch and spills out to the garden spaces. The three stories gave you the feeling of being perched atop a magical tower and of course captures all possible light and views too.  A great start to the list that appreciates and celebrates non-cookie cutter style.

Jen Pells Real Estate Bainbridge Island

#9 | Clayton Place NW

#9

Original List Price $738,000

Sale Price $738,000

Days on Market – 10

Date Sold 6/14/2017

Click here for more photos and the full listing detail.

For #9 we move into Winslow to Clayton Place. In-town homes were in high demand once again last year.  Price per square foot is pricey in Winslow, where you trade lot size for Winslow convenience. Clayton Place is a quiet, small cul-de sac right at the edge of Winslow.  This home is just under 1,800 square feet and was listed at the beginning of summer at a price that some thought was aggressive. Yet, it took merely 10 days for the sellers to find the right buyer.  This home was originally spec built, but the sellers remodeled and styled the home into anything but ordinary.  The light and bright beach vibe is fun, colorful and downright likable.  The sellers added trim and wainscoting and chose great colors inside and out and I am always a fan of a modern metal roof.

Horizon View Place sold by Jen Pells Bainbridge Island Real Estate

#8 | Horizon View Place

#8

Original List Price $859,000

Sale Price $885,000

Days on Market –  4

Date Sold 5/24/2017

Click here for more photos and the full listing detail.

For #8 we stay in town and move over to Horizon View Place near the high school.  This modern rambler/farmhouse was built and sold to my buyers in 2015.  I was happy to re-list it for them in 2017 when they decided to move further out onto the Kitsap Peninsula and buy farmland.  This newer, one-level living home with finer, modern finishes, vaulted ceilings and an open floor plan was sought after by many.  The in-town proximity plus being adjacent to the newly renovated Rotary Park was a rare package. And right now, the new home options in Winslow are generally in developments, which this home was not.  We were thrilled to see an aggressive offer the first weekend, which helped my buyers quickly get to their next chapter.

#7 | Sorrel Way NE

#7

Original List Price $859,000

Sale Price $850,620 (multiple offers)

Days on Market – 20

Date Sold 11/13/2017

Click here for more photos and the full listing detail.

For #7 we head to the south end, to Sorrel Way, which sits above the Crystal Springs Neighborhood. I have always had a sweet spot for this home. It was a favorite back in 2009 when these sellers bought it.  The home does not scream anything overtly special, but the mellow hues, clean lines, whitewashed paneling, large west facing lot (which makes for epic sunsets) with custom designed  landscaping and a really good Rich Passage View, make it a rare, peaceful package on the south end. I had buyers crushed in 2009 when they could not get here fast enough to snap this one up. I was thrilled to help my buyers in 2017 be the winners in a multiple offer show-down.

#6 | Taylor Avenue NE

#6

Original List Price $975,000

Sale Price $1,060,000 (multiple offers)

Days on Market – 6

Date Sold 11/21/2017

Click here for more photos and the full listing detail.

For #6 we move to the south-central area of the island for Taylor Avenue NE. I don’t think Taylor Avenue could better represent what I characterize as the Bainbridge Package – the charming farmhouse with smart, modern updates on a large sunny lot.  Plenty of space for chickens and all that fun stuff.  This oh-so-cute home on Taylor Avenue was sold by sellers who enjoyed and loved it for 30 years. My buyers were one of five or six offers and they really, really wanted it.  The good thing was the sellers wanted to sell to buyers who really, really wanted it. It is not always about the highest price, but about the offer and all its parts and pieces.  My buyers are thrilled to be living in their ideal Bainbridge Package after living in town for seven years.

#5 | Mandus Olson Road NE

#5

Original List Price $934,900

Sale Price $1,085,000 (multiple offers)

Days on Market – 10

Date Sold 5/30/2017

Click here for more photos and the full listing detail.

For #5 we move to the center of the island and Mandus Olson Road NE. I have always really liked this area of the island because it is still close-in but feels very rural.  This larger, well built home on flat acreage caught the attention of many buyers.  This house makes the list for me for its large, fabulous, open kitchen. And it is a white kitchen, my favorite. I also really loved the open backyard and large deck space plus a bonus room over the connected garage.  The sellers had a fun mid-century modern style which made the house show really well too.  I recollect this home saw eight offers and had a steep escalation, one of the highest of the summer at $150,000. Here again is an example of the Bainbridge Package.

#4 | Parfitt Way SW

#4

Original List Price $1,175,000

Sale Price $1,250,000 (Contingent)

Days on Market – 14

Date Sold 9/27/2017

Click here for more photos and the full listing detail.

For #4 we stop at Parfitt Way SW back in Winslow. This home really made me swoon.  One of the many fabulous things about it is the very private, very lush patio room.  The plantings and design are fantastic.  The trickling of the fountain makes Winslow seem a world away, yet you are in the heart of it. The interior was re-imagined by Tom Kuniholm and re-designed by Michelle Burgess and Smallwood.  A fantastic revamp with high end finishes, clean lines, a soothing color palette and thoughtful use of spaces.  While I was previewing this home I sat down for a moment to pet the cat basking in the sun and I did not want to leave. Ever.

#3 | New Sweden Avenue NE

#3

Original List Price $1,550,000

Sale Price $1,600,000 (multiple offers)

Days on Market – 6

Date Sold 4/28/2017

Click here for more photos and the full listing detail.

For #3 we go back down south to New Sweden Avenue to this fantastic farmhouse on over 2.5 acres.  This home sits atop sunny acreage and is one of the best examples of an older home being lovingly restored to still look and feel old. The house also saw an add-on that flowed and worked really well.  I loved the house for its fantastic old world kitchen and fabulous woodwork and built-ins.  A prior owner was a master craftsman and built cabinets, an island, and built-ins that looked like they were in place since the turn of the century.  This house also saw multiple offers and again shows the popularity and desirability of quality, character homes on large properties. The Bainbridge Package.

#2 | Pleasant Beach Drive

#2

Original List Price $2,098,000

Sale Price $2,150,000 (multiple offers)

Days on Market – 7

Date Sold 5/9/2017

Click here for more photos and the full listing detail.

For #2 we stay on the south end and head over to Pleasant Beach Drive.  Known as the Gold Coast of Bainbridge Island, Pleasant Beach always draws a crowd, no matter the home, but this one was pretty amazing.  The owners completely remodeled the main home and guest cottage.  The main home was not large at about 2,000 square feet, but being all on one level it flowed easily outside to the south and west facing decks and primo low bank waterfront.  The walls of windows were a major showstopper and the kitchen was clearly designed for impressive entertaining. The butler’s pantry was appointed with a cookbook display wall and thoughtful storage.  And the guest cottage is so quaint and well designed guests will not want to leave.  It is no surprise this home saw multiple offers and a price escalation of over $50,000.00.

#1 | Euclid Avenue NE

#1

Original List Price $2,675,000

Sale Price $2,420,000

Days on Market – 125

Date Sold 11/10/2017

Click here for more photos and the full listing detail.

For #1 we go up to the north end again and end our list in Port Madison at Euclid Ave NE.  This home did not sell quickly and it did not have multiple offers, but it is fabulous none-the-less.  This home ticked all the boxes for me. Simplicity refined.  The sellers, who designed the home, clearly lived similarly to how we live in our home and I appreciated the design of the kitchen, living spaces and especially the LARGE mud room and laundry room. This is one of the best laundry rooms I have ever been in.

I also truly loved the use of wood and tall walls of windows and walls of concealed storage.  I also really appreciated how the bedrooms were not large (wasted space in my opinion), even the master. But, they did all have primo water views. Wow. This home just felt right to me the moment I walked in and tugged at me every day it was on the market. This medium-bank waterfront home sits toward the mouth of Port Madison and the boat traffic is a joy to watch. And beyond all of that, the home is in one of the best neighborhoods on the island with great sense of community plus shared beachfront and trails.

As we head into 2018 I am already on the lookout for special, soulful homes and I am making my list.  See you out there.

Again, to get a feel of the homes I like personally and see all nine of my lists in one place, click here.