What It Means to be a Five Star Real Estate Agent

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.

Posted on April 12, 2020 at 9:45 pm
Vesna Somers, JD | Category: Newsletter | Tagged , , , ,

Tackling Homelessness and Our Fall Market News

 

Partnering with the Seahawks to Tackle Homelessness

We’re proud to be the Official Real Estate Company of the Seattle Seahawks and we’ve partnered with them for a 4th year to help address homelessness through our #TackleHomelessness Campaign. For every Seahawks defensive tackle during a home game, Windermere donates $100 to Mary’s Place, which provides shelter, resources, and meals to families on their journey out of homelessnessAs of Oct. 21st, we’ve raised $113,100.

The Fall Real Estate Market Cool Down

Summer brought significant sales but now we’re starting to see a seasonal slowdown. While the market still favors sellers, it is shifting overall toward a more balanced market.
  • In the last 9 months, single-family homes have sold for an average of $1,019,444. That’s a 1.6% increase from the same time period in 2018, showing how our robust regional economy positively impacts prices.
  • Local agents have sold 288 residential homes through Sept. and 116 of them were sold during the summer. The market did heat up, but when comparing this time period to last year, that’s a 10% drop in homes sold.
  • The 3rd quarter absorption rate (the rate at which available homes are sold each month) was 42.1% for single-family homes, a 13.2% decrease when compared to last year’s 3rd quarter.
  • As of Sept. 30th, there were 80 active listings. Compared to Sept. of 2018, that’s an 11% decrease. But the number of homes sold in Sept. went up by 3% year-over-year and the number of pending sales increased by 6.5%.

bainbridge real estate Q3 market graph

A Look at Condominium and Land Sales

In the condominium market, 78 units have been sold so far this year. When we compare that to 2018, it’s a 21% decrease in units sold. However, September’s average sold price was $629,000, which is a 23.3% increase year-over-year.

Regarding land sales, the average sold price in September was $241,000, a 56.2% drop from September of 2018. But 12 lots were sold during the 3rd quarter this year while only 3 lots were sold during that quarter last year. Land still tends to sell quickly if there aren’t any major issues.

Why a Local Realtor Makes a World of Difference

Your local Windermere Realtor® is the key to success. They use their expertise, industry connections, and data-driven strategies to appropriately price your home. With the right realtor, your property will resonate with the educated buyer and a local realtor understands the nuances of the island’s market.
Online search engines and agents who aren’t familiar with the island tend to have a cookie-cutter approach to our listings. They often use estimates and price per square foot. But each property on Bainbridge Island tends to be quite unique. With a resident market expert, you can increase your chances of selling your home faster with the possibility of more than one offer.
If you’re thinking of buying or selling, let’s discuss your options.
Posted on October 30, 2019 at 10:17 pm
Vesna Somers, JD | Category: Newsletter | Tagged , , , , ,