It is an honor to wrap up my 2019 listing season with one of my very favorite homes on the island.  I sold this home to my clients back in 2013 and it made my top 10 list that year.  This home was already special and charming before my clients bought it and sprinkled their style and talent for design all over it.  It did not take my clients long to find the best of the best contractors (Tom Whealdon Construction, Salisbury Woodworking, Chameleon Fine Home Painting, Seri Yekel Design) on the island and they did some amazing remodeling and renovations on this home over the past seven years and today it is truly EXCEPTIONAL!

It is certianly one to see in person.  Open Sunday, December 8th from 1-4pm or reach out for a private showing. 

Find out much more about this fine home at bainbridgeviewhome.com or at the Windermere site.

Offered at $1,448,000

10578 Sunrise Drive NE  on Bainbridge Island.

10578 Sunrise Dr NE on Bainbridge Island.

The fabulously remodeled kitchen.

Living room with vaulted ceilings and centerpiece river rock fireplace.

The cozy family room.

Charming main floor hallway.

The master suite retreat.

The spa-like master bathroom.

View from the master bedroom.

The guest apartment over the garage.

The sandy beach – deeded beach access is via a private trail.

Front of the home.

Aerial view of the property.

Details about the home:

Enjoy views of the Sound and deeded beach access from this charming, jewel-box home tucked behind mature, professionally-designed landscaping. Reimagined and masterfully crafted by fine local builder Tom Whealdon, this home is a beautiful marriage of high-end finishes and thoughtful details. Divine chef’s kitchen with French range and Sub-Zero fridge, spa-like master suite retreat, and wide plank quarter sawn oak flooring. The 650 sq ft guest apartment shares the same refinement. A rare find.

  • three bedrooms – 3,241 sq ft in main home
  • guest apartment over garage – 650 sq ft
  • Sound and Cascade Mountain views
  • .59 acres – flat lot
  • deeded beach access
  • remodeled by Tom Whealdon; originally built in 1961
  • chef’s kitchen, spa-like master bathroom, quarter sawn oak floors, wool carpeting
  • fine finishes and  updated fixtures throughout the home
  • two main floor bedrooms; master bedroom on second level
  • heated 2-car garage

Please reach out for a private showing.

Again, much more info on the home can be found here.

 

 

 

 

 

 

 

On December 6, 2019, in Homes, Listing, Open Houses, Top 10 Homes, by

This rare, larger three bedroom townhouse with recent updates is a terrific package. In-town living with modern finishes AND three bedrooms, all for under $450,000.  I will be open Saturday and Sunday to show off this sweet townhome.  When you are in Winslow this weekend, come take a look.  The Bainbridge Island Farmer’s Market is on Saturday!

Open Houses:

Saturday, April 14th from 1-4pm

Sunday, April 15th from 1-4pm

Welcome to Winslow Park Townhomes.

Two level townhome with three larger bedrooms and a one car attached garage.

Fabulous updates in the kitchen, baths and all throughout the home.

Dining area and eat-in kitchen.

Spacious and open living area with cozy wood stove.

New, south facing back deck.

Large master bedroom with walk-in closet.

Plus two more bedrooms.

Gorgeous, updated bathroom with subway tile and quartz counter.

And a community pool.  Summer is right around the corner.

Details about the home:

  • 1,360 square feet
  • 3 bedrooms and 1.5 bathrooms
  • Attached, one car garage
  • Private, south facing back deck on main level
  • Fabulous updates including kitchen, baths, carpet, paint, trim, doors, and fixtures
  • Vaulted ceilings and ceiling fans and updated lighting
  • Community open space and pool
  • Walking distance to Winslow and ferry – in the heart of all the action
  • HOA dues = $517 – no ongoing assessment – many recent complex updates

Light, bright 3 bedroom townhome in the heart of Winslow with easy access to ferry. Thoughtfully remodeled kitchen with new white wood cabinetry, quartz counters, subway tile and ss appliances. Modern updates throughout home include, crisp paint, new doors/trim, light fixtures and carpeting. Updated half bath downstairs and 3 spacious bedrooms up with another large, fully updated bath. Cozy wood fireplace plus a sunny back deck. Private, attached garage. Community pool, open space and rec room.

Click here to see the full Windermere listing details.

 

Celebrating a New Year

Fort Ward on Bainbridge Island by Jen Pells Realtor

A Look Back

As we welcome a new year, we explore some of the dynamics that played out while we marched through the 2017 cal- endar. Our market saw a decline in the number of homes sold between 2013 and the start of 2017, despite healthy buyer demand. In each of those years, we identified lack of inventory as the cause of this phenomenon. One thing will always be true in real estate: Buyers need choices. And in the midst of these several years of limited inventory, buyers learned to become wary. We hadn’t moved far enough past the economically challenging years between 2007 to 2011 for people to feel confident that they wouldn’t get caught in another correction. Many buyers were still not comfortable stretching their budgets to get what they wanted. However, although we once again struggled with inventory in 2017, we also saw a shift in buyer confidence and people were willing to spend more to get what they wanted. The result was an 18% increase in the number of homes sold last year. There were 435 home sales in 2017 – the first time we’ve seen more than 430 sold on the island in any year since 2005’s 442 sales. (The low was 187 in 2008).

Other Factors to Consider

Even with an uptick in sales, we are not experiencing the same craziness as our Seattle neighbors. Our average cumulative days on market (the measure of how quickly homes are selling) was 52, well more than double Seattle Metro’s 20-day average. Our average price increased by a healthy, but not record-breaking, 10.7%, compared to Seattle’s 17%. (The record was set at 26.74% in 1990, followed by 21.5% in 2005.) There were many homes that experienced substantial price reductions and others that failed to sell at the sellers’ desired numbers. But when homes were properly priced and presented, buyers were willing to act when they found the homes that spoke to them, even if it meant spending more than they originally anticipated. This willingness can only come from a place of confidence that the value is there and the investment is sound. We were assisted by strong buyers from Seattle and California, a rising stock market, smooth financing and appraising with rates that have remained “comfortable,” even with a rising prime rate.

Real Estate for Sale on Bainbridge Island Jen Pells RealtorThe View from the “Top”

A prime beneficiary of this strong market was our “upper end.” There was a 44.6% increase in sales of homes over a million dollars and sales doubled for homes over $1.5M (133 total with 52 over $1.5M). Home sales increased 49% in the $800-$1M range. On the flip side, our lower-priced homes became more scarce and sales of homes priced less than $600K decreased 34.7% from last year. This overall shift in the market pushed our median price up more than the average (>13%) and our condominium market was affected by these market forces (more on that in a minute). It also illustrates our trend away from affordability and diversity. We struggled with this in the early- to mid-2000s. But as a result of the 2007-2011 “correction,” we welcomed a more diverse pool of buyers. As our market strengthens, community leaders should be mindful of a tilt toward homogeneity.

Regarding Condos and Land

Our condominium marketplace benefited from these improved conditions in a couple of ways. The number of sales grew more than 21% (from 104 in 2016 to 126 in 2017) and the median price jumped 31% (from $400,750 to $525,000). Even though sharply higher, the median price of $525K was substantially below the 2016 single home median of $838,000. Consequently, we saw more individuals and families coming to the condominium market because they wanted to be on the island but couldn’t afford a house. Condo sales were also helped by the strong upper-end residential market. There are a lot of people who have been waiting on the sidelines for their homes to get to a price point where they felt comfortable selling and downsizing to smaller, low- or no-maintenance hous- ing, i.e. condominiums. Projects like The Grow Community, Residences at Pleasant Beach and The Roost all experienced strong sales last year as they brought condominiums to the market. “Development” is often thought of as a blight to a community, but one needs to re- member that developments often bring products to markets that are not only wanted, but also needed. Desirable communities such as Bainbridge will always experience growth pressure in times of economic strength. And if you cannot expand your supply, the result is ever-increasing prices and stratification. The trick is to develop wisely. Bainbridge has been pretty successful in that arena by concentrat- ing density in development centers (Winslow, Lynwood Center and Rolling Bay). The only sector of our market that struggled last year was raw land. This category was hampered by a lack of good choices, financing difficulties, hurdles at the city level and contractors who are busy and experiencing rapid cost escalations.

Bainbridge Island Real Estate Jen Pells

On the Horizon

It is hard to find any economist predicting a substantial slowdown in our area’s economy or real estate in the near term. That is not to say that there aren’t clouds. The new federal tax law is not beneficial to a higher-end market like ours; financing inter- est and property tax deductions will be more limited. The prime interest rate will undoubtedly rise and even though mortgage rates have been largely insulated from the Fed’s actions, rates will probably go up but stay below 4.5%. Our new Bainbridge Island City Council has already put a moratorium on new construction, including some single family residences. But we hope these factors will only act as “checks” that will keep the market from heating up too much without sapping its strength. In the midst of all this activity, one thing re- mains constant: Bainbridge Island is a great place to live.

Bainbridge Island Housing Market 2017

 

Open this weekend Saturday & Sunday

Home on Bainbridge Island for sale by Jen Pells

Distinctive Hidden Cove Estates home built by Jerry Reese.

Excited to share my new listing in the popular Hidden Cove Estates Neighborhood.  It is open today, Saturday from 2-4pm and tomorrow, Sunday from 1-4pm.  Come by and see me and this fabulous house.

Distinctive home built by quality builder Jerry Reese sits high atop a west-facing shy acre in desirable Hidden Cove Estates. Original owners chose a prime lot in the neighborhood. Warm and inviting, with recent custom upgrades including stainless steel appliances and honed granite. The great room spills out to sunny back deck for easy entertaining and overlooks acres of open space. Four bedrooms all upstairs and the oversized 4th bedroom is over garage with a 3/4 bath-excellent for guests. Easy access to schools, HWY 305, and the ferry. All this and a new heat pump too.

  • 4 bedrooms and 3.5 baths
  • 3,706 square feet
  • .89 private acreage
  • Built in 1997 by Jerry Reese
  • Updated kitchen and baths
  • Excellent guest space
  • New heat pump
  • Offered at $989,000

Windermere Property listed by Jen Pells MLS # 890613

For more information on this home visit HiddenCoveHome.com

Home on Bainbridge Island for sale by Jen Pells

Heart of the home kitchen with updated appliances and honed granite counters.

Home on Bainbridge Island for sale by Jen Pells

Private .89 acre lot backs to open space.

On February 13, 2016, in Home Tours, Homes, Listing, Open Houses, by

The Bainbridge Island Community

The kindness of the community is what really made us take the leap to relocate to the island. There are many beautiful places around the world, but knowing that we were coming to a place where folks were eager to incorporate us into the day to day activities of life, made the transition so much easier.

And after that transition phase, we have experienced first-hand that this is a community rich in education, the arts, humanity, and nature — a place where our family can flourish. From the Farmer’s Market on Saturday to swimming lessons at the Aquatic Center to a Sunday matinee at the performing arts center theater, there is always something interesting to do on the island.

Snapshot of Bainbridge Island

  • Population of 23,380
  • 833.9 persons per square mile
  • The island is 27.78 square miles, with 53 miles of shoreline
  • The island is approximately four miles wide and twelve miles long
  • Average rainfall per year 37”
  • Average July temperature 75 degrees
  • Average January temperature 34 degrees
  • The growing season is approximately 180 days
  • Median age of residents 47.7
  • Median income  $99,0000
  • Median home price is $524,650 (as of 1/2014)
  • Percentage of families (vs. single residents) 73%
  • Average student teacher ratio is 26 to 1
  • Home ownership rate 78.9% (2007-2011)
  • Median Household Income $96,130

We have two major grocery stores (Safeway & Town & Country Market), a hardware store, several banks, numerous doctor’s offices, dentists, orthodontists, gyms, etc. – you get the idea.  You do not need to leave the island for your everyday needs.  The local Bainbridge merchants have everything you need to survive, and you can acquire it without driving in traffic or going to strip-malls.

Data From Bainbridge Island Chamber of Commerce, The Bainbridge Island Almanac and Windermere Bainbridge – updated 3/2014

On March 9, 2014, in Activities, Moving, Personal, Schools, by

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