Despite feeling the effects of the 2022 real estate shift like much of the Puget Sound region, Bainbridge Island has weathered the changes better than other areas. Although sales prices dropped from Q1-2022 to a median of $1.18 million, they're still slightly higher than they were in Q1-2021, and the average price per square foot is up 3.5% year over year. This balanced market allows for sellers to attain an attractive price for their listing and buyers to have more choices when searching for their home.
2023 Waterfront Report | Living Life at the Water's Edge
From elegant lakefront estates to peaceful abodes on idyllic peninsulas, the Puget Sound region offers some of the most remarkable, diverse options for waterfront living in the country. These desirable properties appeal to homeowners locally and globally, and their unique characteristics, demand, and opportunities put them in a different league than the rest of the region’s listings.
Market Trends from Around the Sound: Q1-2023
Despite feeling the effects of the 2022 real estate shift like much of the Puget Sound region, Bainbridge Island has weathered the changes better than other areas. Although sales prices dropped from Q1-2022 to a median of $1.18 million, they're still slightly higher than they were in Q1-2021, and the average price per square foot is up 3.5% year over year. This balanced market allows for sellers to attain an attractive price for their listing and buyers to have more choices when searching for their home.
Bainbridge Island: A Hidden Gem of Natural Beauty and Community
There aren’t many places where you can capture a picture like this! Bainbridge Island offers a secluded living experience surrounded by natural beauty and a plethora of outdoor activities. But it's not just the stunning scenery that makes it a special place to live; the island's small-town community feel, unique neighborhoods, and local events make it a hidden gem worth exploring for those looking for a tight-knit community or outdoor adventures.
Markets That Matter | Poulsbo
Poulsbo, one of the most charming towns on the Kitsap Peninsula, may just be Washington's best-kept secret. With a beautifully Nordic-inspired downtown that transports you to Oslo or Stockholm, plenty of waterfront opportunities, and a lower cost of living than nearby areas, Poulsbo is a true hidden gem. Its public education system has been recognized for college preparedness, and the community values tradition, art, and business. With a population that has been growing since 2010, but retains it’s smalltown atmosphere, Poulsbo is a welcoming spot for families, retirees and those seeking a calmer pace of life. Come discover all that the Kitsap Peninsula has to offer!
Bainbridge Island Market Snapshot - January 2023
Bainbridge Island’s real estate market snapshot looks better than many in the Seattle area. Home prices are up over 30% compared to last January, and the current average home price of $1.8M is even up compared to last month. With continued home price growth and low inventory, sellers can get a great return on their home even in a market that is somewhat buyer-scarce due to high-interest rates and other economic factors, especially with an experienced real estate agent on your side!
Market Trends from Around the Sound: Q3-2022
Bainbridge Island and Kitsap County Market Trends
Market Trends from Around the Sound: Q2-2022
2022 Waterfront Report | A Lifestyle Investment
The beautiful landscapes of the Pacific Northwest aren't complete without our water views. From in-city waterfronts along lakes and the majesty of the Puget Sound to island living and vistas along with Washington's scenic port towns, there's nothing like a piece of shoreline to call your own. Realogics Sotheby's International Realty presents the 2022 Waterfront Report to help inform the next steps on your selling or buying journey.