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.

I am excited to announce my newest listing on the sunny south end. This charming Fort Ward home provides a terrific opportunity for the next owner to earn some sweat equity – which is hard to find theses days. Over 3,000 square feet of living space plus over 2,000 sq ft of partially finished basement. Potential for MIL space, rental opportunity, guest space, home office/s, yoga studio – you name it. Come take a look for yourself during my open house on Sunday 1-4 or contact me for a private showing.

Open House

Sunday, April 15th from 1-4pm

Welcome to 2101 Belfair Ave on Bainbridge Island.

Charming, classic style on a sunny, flat lot.

A gracious entry way to greet your guests.

An extra-large kitchen with loads of storage, wood cabinetry and two pantries.

Main floor master with vaulted ceilings, french doors to the back deck and a five piece master bath with extra laundry.

Bright and sunny family room connects to deck and kitchen.

Three level home with flat and sunny backyard.

Partially finished basement has great potential for sweat equity. Plumbed bathroom, kitchen and wired media room.

Details about the home:

  • 3,000+ square feet of finished living space
  • 2,000+ square feet of partially finished basement space offers quick equity opportunity
  • .37 acre lot in sunny Fort Ward
  • 4 generously sized bedrooms, 2.5 bathrooms
  • Main floor master suite with 5 piece master bathroom
  • Vaulted and tall ceilings
  • Formal living and dining rooms
  • Updates in the master bathroom suite
  • Two laundry facilities
  • Hardwood floors on main level
  • New exterior paint in 2017
  • Connected sewer and water

Charming 3000 sq ft, 4 bedroom home with a 2,077 sq ft partially finished daylight basement plumbed for bath, kitchenette and media room. Hardwood floors and vaulted ceilings on main. Large kitchen, main floor master with 5 piece bath, 2 walk-in closets. Laundry on main and up. French doors open to sunny Trex deck on this flat, spacious lot in popular Fort Ward. New exterior paint. Some TLC needed. Sweat equity opportunity with the potential for 5,000 sq ft of living space. Connected sewer/water.

Click here to see the full Windermere listing details.

On April 13, 2018, in Home Tours, Homes, Listing, Moving, Neighborhoods, by

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

9175 Ferncliff Avenue NE is a quality constructed Craftsman home in the convenient Ferncliff Area of the island.  The home emulates the quintessential Bainbridge style and is anything but cookie-cutter.  Custom built by VanWinkle, this property offers a 3,367 square feet on a lovely, private, .47 acre lot tucked behind a mature laurel hedge.  Public beach access is across the street on Yaquina Avenue. Only 2.2 miles to the ferry this property offers elbow room from your neighbors, but incredible proximity to the ferry, Winslow, and schools.

Open House

Sunday, January 28th from 1pm to 4pm

Welcome to 9175 Ferncliff Avenue NE listed by Jen Pells of Windermere

Welcome to 9175 Ferncliff Avenue NE

This home sits on a large, private property, conveniently close to Winslow, the ferry and schools. The home is 3,367 square feet with three bedrooms, a family room, living room, home office and guest suite with full bathroom, all on a large .47 acre fenced lot.

Peek-a-boo Puget Sound and Seattle views from the front porch, living areas and master suite.

You can feel the warmth and quality as you walk into the home. Hardwood floors, fir trimmed windows, solid wood doors and box beam ceilings make for a grand first impression as you step into the living room.Thoughtful built-ins, custom lighting and large windows can be found throughout the home.

The kitchen is the heart of this home. Large and open with quality fir cabinetry, ample counter space on the butcher block island or granite counters, high-end Viking appliances, a breakfast booth, and a walk-in pantry (and a second pantry around the hall too).

The dining area, kitchen and family room in the home.

The upstairs master suite. Find a five piece master bath with claw foot tub and spacious walk in closet with fir shelving.

The charming master bath has classic tile, the claw foot tub, double sinks, a large walk-in closet and a private water closet.

The private guest suite/nanny suite is spacious, with its own sleeping room/bonus room, full bath and private stairs off the back hall. There are two staircases in the home.

The home is across the street from beach access. It is .2 miles away at the base of Yaquina Avenue.

Details about the home:

  • 3,367 square feet on private .47 acre lot
  • Classic Craftsman style home built by VanWinkle in 2007
  • 3 bedrooms and 3.5 baths with a full guest suite/nanny suite upstairs
  • Home office and half bathroom on the main floor
  • Living room and family room on the main floor
  • Large eat-in kitchen with Viking appliance package and breakfast booth
  • Spacious master suite with a five piece bath and classic clawfoot tub
  • Ample storage with walk-in master closet and two pantries in the kitchen
  • Hardwood flooring on the main floor
  • Two staircases
  • Fenced backyard
  • Oversized two car garage
  • .2 miles to public beach access at the base of Yaquina Avenue
  • 2.2 miles to the Seattle Ferry
  • Peek-a-boo Sound/Seattle views
  • Offered at $1,098,000

Charming Craftsman home on a private in-town lot close to ferries, Winslow and public beach access – at the base of Yaquina Avenue. Peek-a-boo Sound and Seattle views. Chef’s kitchen with Viking appliances package, fir cabinetry, cozy breakfast nook and granite counters. Three bedrooms plus an additional guest suite (or nanny quarters) with full bathroom plus bonus room. Downstairs has a home office and family room. Quality craftsmanship with box beam ceilings, hardwood floors and custom lighting. A rare in-town home that exudes warmth and style.

Click here to see the full Windermere listing details.

Click here to visit this home’s dedicated website.

On January 26, 2018, in Home Tours, Listing, Open Houses, by