Page not found – Vesna Somers https://vesnasomers.com Luxury Property Specialist Mon, 05 Feb 2024 17:39:16 +0000 en-US hourly 1 Bainbridge Market Share Update https://vesnasomers.com/2024/02/05/bainbridge-market-share-update https://vesnasomers.com/2024/02/05/bainbridge-market-share-update#respond Mon, 05 Feb 2024 17:24:01 +0000 https://vesnasomers.com/?p=781 When considering who to work with when buying or selling a home on Bainbridge Island, you may wonder about local market share data. Windermere Real Estate outshines the competition because we are truly invested in our clients’ success and in the community we serve. I’m proud to be a Managing Broker with Windermere Bainbridge Island. […]

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When considering who to work with when buying or selling a home on Bainbridge Island, you may wonder about local market share data. Windermere Real Estate outshines the competition because we are truly invested in our clients’ success and in the community we serve. I’m proud to be a Managing Broker with Windermere Bainbridge Island. We operate with professionalism and integrity. Our track record really speaks for itself.

Bainbridge Market Share

Here is the most up-to-date market share information, organized by transactions and by volume. These graphs were created using Northwest MLS data specifically for Bainbridge Island. If you have any questions or would like to chat about your real estate goals, please contact me. You’re also welcome to check out my sales portfolio.

 

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To learn more about Windermere’s excellent programs, check out our flipbook below.

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Outdoor Activities on Bainbridge Island https://vesnasomers.com/2023/06/07/outdoor-activities-bainbridge-island Wed, 07 Jun 2023 05:22:57 +0000 https://vesnasomers.com/?p=731 Bainbridge Island has a treasure trove of spots to get outside and explore, whether by land or sea. Here are my favorite outdoor activities to enjoy. Seaside Outdoor Activities As an island with 53 miles of shoreline, it’s ideal for grabbing a kayak or paddle board, sailboat or motor boat no matter what the weather. […]

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Bainbridge Island has a treasure trove of spots to get outside and explore, whether by land or sea. Here are my favorite outdoor activities to enjoy.

Seaside Outdoor Activities

As an island with 53 miles of shoreline, it’s ideal for grabbing a kayak or paddle board, sailboat or motor boat no matter what the weather. It doesn’t rain that hard. On a nice day, you’ll most likely see otters sunbathing, birds soaring overhead, fish meandering beneath you, and yes, an occasional whale. The island even has a rowing facility with a new boat house under construction, and it’s almost completed.

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Trails to Explore

As you venture inland, you’ll find a myriad of parks to explore. Most residents here can hike to a park from where they live, but it’s also fun to just get out and explore the island. Bainbridge’s public trails network now stretches 42 miles, thanks in part to important nonprofits like the Bainbridge Island Parks & Trails Foundation.

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Don’t Forget Your Furry Friends

Jemma and I hike every day, all year long. Yeah for rescue dogs! They’ll get you outside. Dogs can be the best way to break the ice and meet new people as you explore new places and even your own neighborhood. Go save a life and enrich yours at the same time. We have great local organizations that help rescue and rehome dogs, like Kitsap Humane Society.

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Biking on Bainbridge

One of my favorite things to do on the island is to bike. Bainbridge Island is so beautiful, and you can cover a lot of ground and really see and hear everything as you pass through. Every year we have a race called the Chilly Hilly that draws thousands of cyclists to the island. It’s challenging and so fun. I hope to see you there next year!  And if not there, I hope to see you at one of our great coffee shops or wine bars. Contact me! 😊

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Neighborhoods on Bainbridge Island https://vesnasomers.com/2023/05/17/neighborhoods-on-bainbridge-island https://vesnasomers.com/2023/05/17/neighborhoods-on-bainbridge-island#respond Wed, 17 May 2023 05:02:28 +0000 https://vesnasomers.com/?p=711 Bainbridge Island is known for its scenic vistas and small-town allure, attracting both tourists and homebuyers. It’s also conveniently close to Seattle. Take a beautiful 35-minute ferry ride, and you’ll be in the city. While the island as a whole has excellent schools, beaches, hiking trails, restaurants, and shops, each neighborhood is unique, and there […]

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Bainbridge Island is known for its scenic vistas and small-town allure, attracting both tourists and homebuyers. It’s also conveniently close to Seattle. Take a beautiful 35-minute ferry ride, and you’ll be in the city. While the island as a whole has excellent schools, beaches, hiking trails, restaurants, and shops, each neighborhood is unique, and there are different housing options to consider. From downtown condominiums to waterfront estates, Bainbridge Island offers an interesting mix. Here’s an overview of the island’s three main areas.

North Bainbridge Island

The Agate Point area (near the Agate Pass Bridge) is where many homes are nestled in the woods. Some even have water views. The neighborhood is also near the Bloedel Reserve, a stunning 150-acre botanical garden.

Another notable neighborhood is Port Madison. It’s characterized by a New England feel and homes typically offer picturesque waterfront views. Residents here enjoy convenient access to the Port Madison Yacht Club and Fay Bainbridge Park. This area also features the newer Hidden Cove Estates, with its open spaces and a waterfront park.

If you’re looking for a waterfront home with views of the Olympic Mountains, Manzanita Bay is an ideal choice. It’s also close to the Meadowmeer Golf & Country Club and the sprawling Battle Point Park.

If you prefer a more rural lifestyle, Rolling Bay is a charming community that offers homes on acreage. It’s near the central part of the island and provides a serene escape, yet it’s only a ten-minute drive from downtown Winslow.

Central Bainbridge Island

If you’re partial to neighborhoods that are closest to the ferry terminal to Seattle, look at houses in the central part of the island. Central Bainbridge is also the economic hub of the island, so it’s where you’ll find a more urban lifestyle. Manitou Beach and Murden Cove both boast waterfront properties with views of the Seattle skyline.

Wing Point is another popular neighborhood with a diverse range of housing options. Many residences are situated close to the Wing Point Golf & Country Club, and some have views of Eagle Harbor.

The downtown Winslow area serves as the cultural heart of Bainbridge Island. Here you can enjoy great shops, award-winning restaurants, and interesting museums. Additionally, there are many wonderful local events throughout the year, including concerts, First Friday Art Walk, and holiday festivals.

South Bainbridge Island

The southern region of Bainbridge Island benefits from excellent sun exposure. Neighborhoods in this part of the island offer stunning water and/or mountain views. This includes the Crystal Springs and Point White neighborhoods. Rockaway Beach and Port Blakely are also popular and have many low-bank waterfront homes. If you’re interested in buying a newer home, Port Blakely has homes built in the early 2000s.

Although this part of the island is a short drive from downtown Winslow, it has its own little downtown: Lynwood Center. This area has grown in recent years, especially with the renovation of Pleasant Beach Village. It’s a unique place with a fun mix of shops and delicious restaurants, and it is known for its Tudor-style architecture.

The Fort Ward neighborhood connects to part of Pleasant Beach Drive, and it is home to many exceptional, low-bank waterfront properties. Fort Ward State Park is a 137-acre marine park with an expansive beach. I recommend visiting it, especially on a sunny day.

Learn More About Neighborhoods on Bainbridge Island

If you want to learn more about Bainbridge Island’s schools, outdoor recreation, and more, view our free digital Guide to Bainbridge Island. Curious about Bainbridge’s real estate market? Check out our first-quarter market update.

I encourage you to explore the different neighborhoods on Bainbridge Island, and I’m happy to assist you as a knowledgeable local. For over thirty years, I have been marketing and selling properties in the Seattle and Bainbridge Island markets. Premier waterfront and estate properties are my specialty, but I’m happy to help first-time homebuyers, investors, and everything in between.

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Bainbridge Island Market Update: Q1, 2023 https://vesnasomers.com/2023/04/20/bainbridge-market-update-2023 https://vesnasomers.com/2023/04/20/bainbridge-market-update-2023#respond Thu, 20 Apr 2023 04:15:42 +0000 https://vesnasomers.com/?p=689 If you’re wondering about how our local real estate market is doing, here’s a market update for Bainbridge Island with a look at this year’s first quarter. Homes that are Properly Prepped are Going Quickly Pending sales are up! Buyers are looking for new listings and are reacting quickly to those homes that are unique, […]

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If you’re wondering about how our local real estate market is doing, here’s a market update for Bainbridge Island with a look at this year’s first quarter.

Homes that are Properly Prepped are Going Quickly

Pending sales are up! Buyers are looking for new listings and are reacting quickly to those homes that are unique, prepped (pre-listed and repaired), staged, professionally photographed, and, most importantly, priced appropriately for THIS market. The average days on market for these can be under a week. If these things are not done, especially if not priced appropriately, the listing, even with low inventory, languishes on the market. It’s critical to work with a Listing Broker who is honest and direct to achieve success in preparing the home for the market and getting it sold for the highest possible price.

Bainbridge Island’s Market Update for 2023’s 1st Quarter

During the first quarter of 2023, the average sale price on Bainbridge Island was $1.6M. That’s a 10% increase when compared to the first quarter of 2022. While we are seeing some changes in our regional real estate market, the percentage of the list price received on Bainbridge was 97%. For more stats from last quarter, watch our video below.

A Great Selling Broker is Essential

As the interest rates continue to affect affordability, buyers are being careful not to overpay. These buyers must be pre-approved and prepared to move quickly and creatively when their dream home does come on the market. Therefore, it’s essential to work with an experienced Selling Broker who understands how to present your offer in its best possible light.

Why This Market Won’t Be Like 2008

There’s been a lot of talk lately about the housing market in relation to 2008. Our Chief Economist, Matthew Gardner, provides data-driven insights on this very topic in one of his recent videos. You can watch it below, and if you have any questions, feel free to contact me.

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Five Star Real Estate Agent Award, 13 Years in a Row https://vesnasomers.com/2022/08/16/five-star-real-estate-agent-award Tue, 16 Aug 2022 22:12:17 +0000 https://vesnasomers.com/2022/08/16/award-winning-agent-tips-copy I’m honored to say I’ve received the Five Star Real Estate Agent Award for the 13th year in a row. It means a great deal to be recognized for my dedication and my commitment to my clients. I work hard for my clients on Bainbridge Island and in Seattle, and I truly enjoy what I […]

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I’m honored to say I’ve received the Five Star Real Estate Agent Award for the 13th year in a row. It means a great deal to be recognized for my dedication and my commitment to my clients. I work hard for my clients on Bainbridge Island and in Seattle, and I truly enjoy what I do. From negotiating on behalf of first-time home buyers to working with real estate investors, I love serving as my clients trusted advocate and guide.

The Five-Star Award’s Selection Process

Every year, Five Star Professional researches real estate professionals’ credentials to determine the award winners. Five Star Professional focuses on real estate agents’ ethics, skill levels, and continuing education. Also, they survey clients/customers and fellow industry leaders.

My Real Estate Expertise

I have been marketing and selling real estate in the Seattle and Bainbridge Island markets since 1987. Working with great people through various real estate transactions makes my job even more enjoyable. I am also the director of Windermere’s Premier Properties™ program, which addresses the needs of luxury market clientele. You can see a little cameo of me in the Windermere video below.

 

If you’re thinking of buying or selling on Bainbridge Island or in the Seattle area, feel free to contact me. I’d be happy to help you achieve your real estate goals.

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12 Years as a Five Star Real Estate Agent & Some Helpful Tips https://vesnasomers.com/2021/10/11/award-winning-agent-tips https://vesnasomers.com/2021/10/11/award-winning-agent-tips#respond Mon, 11 Oct 2021 16:06:32 +0000 https://vesnasomers.com/2021/10/11/five-star-real-estate-agent-copy I’m proud to say this is the 12th year I’ve received the Five Star Real Estate Agent Award. Being an award-winning agent means that I’ve been recognized for my commitment to excellence and to my clients. I work hard for my clients and thoroughly enjoy what I do. So to me, this award reflects my […]

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I’m proud to say this is the 12th year I’ve received the Five Star Real Estate Agent Award. Being an award-winning agent means that I’ve been recognized for my commitment to excellence and to my clients. I work hard for my clients and thoroughly enjoy what I do. So to me, this award reflects my passion and dedication.

How Award-Winning Agents Are Selected

Each year, Five Star Professional researches real estate professionals’ credentials to determine who receives the awards. They specifically focus on high skill level, ethics, and continuing education. Additionally, they conduct extensive surveys of clients/customers and fellow industry leaders.

My Expertise

Since 1987, I have been marketing and selling properties in the Seattle and Bainbridge Island markets. I’m thankful to work with wonderful people through various real estate transactions. Also, I am the director of Windermere’s Premier Properties™ program, which addresses the needs of luxury market clientele.

Helpful Tips

Regardless of whether you’re a first-time buyer or seller, a seasoned investor, or something in between, I’m happy to share tips with you and discuss your goals. In fact, if you’re a buyer, here are 5 ways to win a bidding war.

Interested in buying or selling on Bainbridge Island or in the Seattle area? Let’s set up a time to talk.

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Navigating Our Current Seller’s Market: Tips for Buyers & Sellers https://vesnasomers.com/2021/08/24/sellers-market-tips-buyers-sellers Tue, 24 Aug 2021 00:27:21 +0000 https://vesnasomers.com/?p=619 We still have a strong seller’s market here on Bainbridge Island. Whether you’re looking to buy a home on the island or sell one, I have some helpful tips for you. But first, a bit about our current market. Recent Stats for Our Seller’s Market With high demand and low supply, we have a strong […]

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We still have a strong seller’s market here on Bainbridge Island. Whether you’re looking to buy a home on the island or sell one, I have some helpful tips for you. But first, a bit about our current market.

Recent Stats for Our Seller’s Market

With high demand and low supply, we have a strong seller’s market. In the second quarter of this year, the average sale price on Bainbridge Island was $1.46M, up 26% from this time last year. Additionally, the percentage of list price received was 108%. I’ve continued to see many competitive, multiple offer situations where buyers are outbid by price or all-cash offers.

For more information on our seller’s market, you can read the Western Washington Gardner Report, done quarterly by Windermere’s Chief Economist, Matthew Gardner.

4 Tips for Buying in a Seller’s Market

You may feel overwhelmed when thinking of buying a home right now, given our competitive market. However, if you follow these tips below, you’ll be on the path to success. One tip I can’t stress enough: do your due diligence. Take the time to research agents and properties. You want to find a real estate agent who has the expertise and local knowledge to advocate for your needs and wants, serving as an excellent negotiator and trusted guide. Knowing as much as possible about a property and its neighborhood, and asking all the right questions can really help you craft a strong offer.

If you have any questions, feel free to reach out. If you’re new to the area, check out our guide to Bainbridge Island.

5 Tips to Sell Successfully

If you want to sell your home for top dollar in the shortest amount of time, here are some helpful tips. While there are many ways to get a rough estimate of your home’s worth, I can provide an accurate free market analysis. Feel free to contact me to learn more.

Real Estate Investing

If you’re looking to expand your real estate portfolio, check out these tips below. As a Managing Broker and licensed attorney, I’ve worked with a range of clients. I’ve been marketing and selling properties for over 30 years, and I’d be happy to provide you with more information if needed. You can also view my sales portfolio.

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Fourth Quarter Review and 2021 Market Forecast https://vesnasomers.com/2021/02/18/2021-market-forecast https://vesnasomers.com/2021/02/18/2021-market-forecast#respond Thu, 18 Feb 2021 06:37:11 +0000 https://vesnasomers.com/?p=573 Our local real estate market here on Bainbridge Island finished 2020 strong. You’ll find key stats below, providing a comprehensive overview, and a 2021 market forecast from Windermere Real Estate’s Chief Economist, Matthew Gardner. Bainbridge Island’s Strong Seller’s Market Inventory remains low while demand is high, so we still have a strong seller’s market. Buyers: […]

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Our local real estate market here on Bainbridge Island finished 2020 strong. You’ll find key stats below, providing a comprehensive overview, and a 2021 market forecast from Windermere Real Estate’s Chief Economist, Matthew Gardner.

Bainbridge market stats 2020

Bainbridge Island’s Strong Seller’s Market

Inventory remains low while demand is high, so we still have a strong seller’s market. Buyers: you should know that although the market is in a seasonal slowdown, it is not as slow as expected. There are still many buyers looking to move away from big cities like Seattle yet still remain in close proximity. I have seen an increase in situations where some buyers are outbid either by price or an all-cash offer. In 2020’s fourth quarter, Bainbridge Island’s average sale price was up 12.9% year-over-year at $1.315M.

2020 sold pending graph

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2021 Market Forecast

In his last Monday with Matthew video of 2020, Chief Economist, Matthew Gardner, shared his 2021 market forecast. He expects mortgage rates will not rise significantly on a local level. He also doesn’t think they will vary much throughout different regions across the U.S. Since mortgage rates are tied to 10-year treasury maturity rates/yields, he doesn’t think rates will rise significantly until the entire market recovers from the slowdown caused by COVID-19. Additionally, Gardner expects home sales will grow, from 5.55% in 2020 to 5.93% in 2021.

“No! There isn’t a housing bubble forming. But price growth will slow & sellers may feel like it’s a collapse … it isn’t collapsing, it’s just normalizing.”

With the shuffling to new homes, and the huge wave of first-time buyers that Gardner says will “continue to be a major player in the housing market,” many are making moves. But buying during the pandemic will slowly settle. People will probably stay in their homes longer, especially homeowners who decided to refinance. The lack of inventory may price out many buyers who want to purchase in our area.

Western Washington’s Market Report

For a look at how our local market compares, here are highlights from The Western Washington Gardner Report.WESTERN WASHINGTON HOME SALES

  • Total Sales: 26.6% increase from Q4/2019, but 8.3% lower than Q3/2020
  • Homes for Sale: 37.3% lower than Q4/2019, and 31.2% lower than Q3/2020
  • Pending Sales: up 25% from Q4/2019, but 31% lower than Q3/2020
WESTERN WASHINGTON HOME PRICES
  • Average: $617,475 (up 17.4% from Q4/2019)
  • Mortgage rates will stay competitive as the market continues to charge toward a price ceiling and potential affordability issues.
DAYS ON MARKET, WESTERN WASHINGTON
  • Average: 31 Days (16 days less than Q4 just one year ago)
  • In Kitsap County, average days on market: 17

Conclusion

Gardner says, “I am moving the needle even further in favor of sellers.”  The resulting limited supply has “caused the region’s housing market to be incredibly active.” There may be “affordability concerns” that could prevent some homebuyers from entering the market and eventually slowing growth. Many will continue to work from home in 2021, which will keep demand high and drive sales growth.
If you have any questions about our local real estate market, feel free to contact me.

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First Quarter 2020 Review – Bainbridge Market https://vesnasomers.com/2020/05/14/first-quarter-2020-review Thu, 14 May 2020 05:26:29 +0000 https://vesnasomers.com/2020/05/14/bainbridge-residential-market-2019-copy First Quarter Review 2020 & COVID-19 Discussion about the Bainbridge housing market and the economy in general in the first quarter of this year is almost meaningless due to COVID-19. It did not really impact the first quarter market much at all. The data you see here regarding housing activity will be quite different by […]

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First Quarter Review 2020 & COVID-19

Discussion about the Bainbridge housing market and the economy in general in the first quarter of this year is almost meaningless due to COVID-19. It did not really impact the first quarter market much at all. The data you see here regarding housing activity will be quite different by the time we report on the second quarter in July. Additionally, the high-end market has remained very active. Our lack of inventory still creates many multiple offer situations in homes under $1M.

From this first-quarter review, you can see that the median sale price has gone up 4.3% year-over-year and the number of transactions went up 31% year-over-year. However, as I said before, a look at the first quarter means very little since our situation has changed drastically since then.

first quarter review 2020 graphs

Graphs were created by Windermere using NWMLS and Trendgraphix data for area 170 but the information was not verified or published by NWMLS or Trendgraphix. Market Share Data reflects all types of properties sold calculated on May 6, 2020. Companies not shown represented less than 2% of buyers and sellers.

What We Anticipate in the Months Ahead

The national and state housing markets were in good shape before the virus hit. We anticipate that they will be in good shape again, once we come out on the other side of this. When the economy opens up again, we foresee a rapid climb in the housing market volume. This will put upward pressure on prices again.

Windermere’s Chief Economist, Matthew Gardner, discusses the economy and job growth in relation to the housing market.

economic data 2019 bainbridge island vesna somers

The speedometer reflects the state of the region’s real estate market using housing inventory, price gains, home sales, interest rates, and larger economic factors.

Are you interested in buying or selling on Bainbridge Island or in Seattle, WA? You’re welcome to contact me. I have decades of experience and I’d love to help you achieve your real estate goals.

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What It Means to be a Five Star Real Estate Agent https://vesnasomers.com/2020/04/12/five-star-real-estate-agent https://vesnasomers.com/2020/04/12/five-star-real-estate-agent#respond Sun, 12 Apr 2020 21:45:13 +0000 https://vesnasomers.com/?p=441 Since 1987, I have been marketing and selling properties in the Seattle and Bainbridge Island markets. I always strive to exceed my clients’ expectations so becoming an eleven-year winner of the Five Star Real Estate Agent Award means a great deal. The Five Star Award recognizes outstanding professionals in the real estate world. These professionals […]

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Since 1987, I have been marketing and selling properties in the Seattle and Bainbridge Island markets. I always strive to exceed my clients’ expectations so becoming an eleven-year winner of the Five Star Real Estate Agent Award means a great deal. The Five Star Award recognizes outstanding professionals in the real estate world. These professionals have shown a dedication to customers and they provide professional excellence. Each year, Five Star Professional researches real estate professionals’ credentials to determine the winners. In particular, they focus on the highest degree of ethics, continuing education, and high skill level together with, and after, conducting extensive surveys of clients/customers and fellow industry leaders.

I’m fortunate enough to work with wonderful people through various real estate transactions. I’m also Director of Windermere’s Premier Properties™ program, which addresses the specific needs of luxury market clientele. So I have access to Windermere’s global resource network and enjoy showcasing beautiful W Collection properties.

If you’re interested in buying or selling on Bainbridge Island or in the Seattle area, send me a message. I’m also happy to set up a meeting to discuss your real estate goals.

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