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Which Bainbridge Island Neighborhood Suits You?
Bainbridge Island’s stunning views and small-town charm attract tourists and buyers alike. It’s also just a quick 35-minute ferry ride away from Seattle. If you are thinking of moving here, it’s best to get an idea of what distinguishes one part of the island from another. Across the island, you’ll find wonderful parks, beaches, hiking trails, and top-tier schools, but there are many different neighborhoods and types of homes. From downtown condos to family-owned farms, wooded retreats to waterfront estates, Bainbridge has an eclectic mix. Here’s an overview of the northern, central, and southern parts of the island.
1. North Bainbridge Island
Above Fay Bainbridge Park. Photo by Leo Phillips.
The Agate Point area is near Agate Pass Bridge, which connects Bainbridge to the rest of the Kitsap Peninsula. There are many homes in the woods and there are others that have water views. It’s also close to the Bloedel Reserve. A 150-acre island gem, the Bloedel Reserve was named one of North America’s Top 10 Botanical Gardens in 2020.
Another notable neighborhood is Port Madison. Homes typically have waterfront views and a New England feel. They’re also conveniently close to the Port Madison Yacht Club, and Fay Bainbridge Park, which has over 1,400 feet of shoreline. This area is also home to the newer Hidden Cove Estates, which has acres of open space and a waterfront park.
If you’re looking for a home with a view of the Olympic Mountains that’s also a waterfront property, consider Manzanita Bay. It has sandy beaches and it is near Meadowmeer Golf & Country Club and 90-acre Battle Point Park.
For a more rural take on island life, Rolling Bay is a quaint community with many homes on acreage. It’s a historic farming area and it’s near the central part of the island. So, you can easily get away from it all yet still be just a ten-minute drive from downtown Winslow.
2. Central Bainbridge Island
Winslow Way and Eagle Harbor. Photo by Leo Phillips.
Central Bainbridge is where to go if you prefer a more urban lifestyle since it’s the economic center of the island, and where the ferry to Seattle is located. Manitou Beach and Murden Cove are perfect places to find a waterfront property with a view of the Seattle skyline.
Wing Point is another popular neighborhood with a variety of homes. Many houses are near Wing Point Golf & Country Club, and some have views of Eagle Harbor.
The cultural center of Bainbridge Island is downtown Winslow. It has interesting boutiques, award-winning restaurants, art galleries, and museums. Thanks to the highly engaged Bainbridge Island Downtown Association, there is never a dull moment. There are many local events including outdoor summer concerts, a great farmers market, and much more. Many properties are within walking distance of Winslow Way, including single-family homes and contemporary condos.
3. South Bainbridge Island
Lynwood Center. Photo by Leo Phillips.
This area has excellent sun exposure and many homes in these neighborhoods have water and/or mountain views. This includes homes in Crystal Springs and Point White. Rockaway Beach and Port Blakely are also popular neighborhoods and there are many low bank waterfront homes there. Additionally, Port Blakely has newer homes built in the early 2000s.
Lynwood Center provides islanders on the south side with their own little downtown, and it’s home to the historic Lynwood Theatre. The surrounding area has grown in recent years with new developments and the renovation of Pleasant Beach Village. You’ll find a variety of shops and restaurants and it is unlike any other area, thanks to its Tudor-style architecture and unique history.
Near the southern tip of the island lies Fort Ward State Park, a 137-acre marine park with over 4,000 feet of shoreline on Rich Passage. The large Fort Ward neighborhood connects to part of Pleasant Beach Drive, which is often referred to as the Gold Coast of Bainbridge since it has many gorgeous, low bank waterfront homes on expansive lots.
After learning more about our island’s neighborhoods, you might be drawn to many of them for different reasons. Can you really go wrong when it comes to living on Bainbridge Island? We don’t think so. Each neighborhood is beautiful in its own way. It’s simply a matter of finding which one fits your wants and needs – and then finding the perfect home to match.
For more information about our area, check out our Newcomer’s Guide to Bainbridge Island. In it, you’ll find videos, articles, and helpful links to learn about our neighborhoods, schools, outdoor activities, housing prices by city, local home buying resources, and much more.
Community Spotlight: Bainbridge Island Saddle Club
The volunteers of Bainbridge Island Saddle Club (BISC) make equestrianism accessible to locals. Powered by the efforts of community members, BISC provides a family-family environment for beginners and experienced riders to come together.
Take it from one of Windermere‘s Brokers Ashley Mathews. “Bainbridge Island Saddle Club is such a hidden gem in this community. Riders come from barns all over Kitsap to compete in the safe and fun schooling shows. Many participate in Pony Club and even learn archery while on horseback. I have had some of the best times riding in Saddle Club shows and enjoy peaceful walks with friends on the trails. We are so lucky!”
Ashley Mathews riding Nektonia in Manzanita Park.
Bainbridge Island Saddle Club’s Mission
Bainbridge Island Saddle Club is a non-profit whose mission is to promote good horsemanship and foster new equestrians. They frequently host a variety of educational activities such as schooling shows and clinics for children and adults.
The schooling show series includes hunter-jump and dressage. Their offerings run from spring to fall. Then the community comes together with an annual awards banquet to celebrate and honor the members’ achievements. Additionally, families from all over Kitsap County participate in their educational clinics to gain experience with their horses.
“It’s a great local horse club for beginners to experienced riders. Volunteers do everything from setting up for the shows, flipping hamburgers and tallying scores. They own acreage, a nice arena, and a snack shack and do monthly horse shows from spring until October. It is located next to Manzanita Park, which has 200 acres with groomed trails,” says Maureen Buckley, Managing Broker.
Maureen Buckley riding Houston at a Dressage Show.
Get Involved
Bainbridge Island Saddle Club is funded through membership fees, event fees, and community members’ donations of time, money, and expertise. An annual membership at BISC comes with multiple benefits such as discounted rates for shows and clinics, invitations to special events, and the chance to win points toward year-end awards and prizes.
Unfortunately, the effects of the pandemic pushed back many facility improvements. Thankfully, last year Bainbridge Island Saddle Club joined One Call For All’s non-profit network. One Call For All supports over 100 non-profits on Bainbridge Island through their annual Red Envelope Campaign. The campaign decreases the direct mail solicitation and cuts down on every non-profits fundraising costs. If you’d like to support Bainbridge Island Saddle Club, you can make a donation online.
4 Tips for Buying a House in Our Strong Seller’s Market
Many buyers are scrambling to secure their dream homes, especially since we have such a strong seller’s market here on Bainbridge Island. Multiple offer situations have become very common. Additionally, our agents know of many situations in which buyers are waiving inspections or are outbid by price or by all-cash offers. Not to worry, our local experts are here to help. Here are four tips and insights.
1. Make Sure You Can View Homes Right Away
“Be ready to view homes ASAP so you don’t miss out on getting a showing appointment,” says Broker Diane Sugden.
Many homes are only on the market for a matter of days. They come and go quickly, so there is little time to debate. Make sure you are prepared to adjust your schedule as needed before you start looking at listings. Make a list of all of the neighborhoods/areas you are open to, as well as any must-haves and deal-breakers for you. This will save you time and help you view the right homes quickly with a focused approach.
2. Don’t Underestimate the Power of Local Experts
“Work with local experts! From your lender to your realtor to your closing escrow team. Professional history and work ethic are critical in crafting a strong offer where the seller can take comfort knowing their home will close on time, with no surprises,” says Susan Grosten, Managing Broker.
Undoubtedly, a real estate agent who knows the local market, the community, and the right vendors will be a tremendous help. They also have an established track record and are skilled negotiators. It’s not uncommon for experienced local agents to have worked with the agent representing the seller, which can be to your advantage. From lenders to home inspectors, home repair crews to community resources, local agents’ connections can help you in many ways.
3. Get Pre-Approved Locally
“Get yourself pre-approved with a LOCAL lender. This will serve you well as the listing broker will want to assure their sellers that the buyer can close. Most agents prefer to work with a local lender who has a proven track record and is easily accessible,” advises Broker Diane Sugden.
Getting pre-approved with a local lender will help the sellers feel great about your offer. Taking this step can make a difference, especially since they’ll want to close as quickly as possible.
4. Do Your Due Diligence
Make sure to really analyze different aspects of a property that you’re looking to buy. It shows you’re really ready to buy and can help distinguish you in a multiple offer situation. “In one instance, the sellers chose my clients because of the due diligence they did before placing their offer on the house. This pre-inspection gave my clients information on the condition and functionality of the home. Additionally, it gave the sellers confidence that my clients were serious, did their due diligence, and presented a solid offer,” says Broker Jenn Herrmann. Sellers do not want to waste any time. Anything you can do to prove that you won’t pull your offer at the last minute will give them peace of mind.
To learn more about our current market, watch our video below with stats from this year’s first quarter. For more in-depth information, read our First Quarter Market Review.
What To Consider When Buying Land To Build A House
If you haven’t found the home of your dreams, you may be thinking about building it instead. Buying land and building your ideal home gives you the ability to customize as much as you want – or as much as your budget will allow. It is an exciting yet complex process so our real estate agents have provided five tips to help you get started.
1. Build an Excellent Team
“Interview and find your builder even before you start your land search. Your realtor can assist with finding land parcels, the known details, title issues, and general issues with the city,” says Broker Julie Miller.
“Along with your real estate broker, you will want to construct your team of experts: design/architect, developer/contractor,” explains Broker Andy Moore. “These individuals must be very experienced and familiar with the community’s regulatory elements that you plan to build. These folks, along with other experts, will be invaluable in achieving your new home objectives.”
When it comes to a successful build, having a highly-skilled, efficient team is crucial. Most likely, you’ll be working with a group of professionals for several months. Therefore, you want to make sure that you have team members you trust who offer local expertise.
2. Analyze the Location
Location, Location, Location! It’s important to keep zoning and potentially related issues in mind. This is where your team of professionals comes in handy. Jurisdictions may have land that’s zoned for residential or commercial use or both. You’ll need to find out if the land you’re looking to purchase is zoned for your specific interests and needs.
Additionally, Mother Nature is a powerful force. It’s essential to keep in mind what sort of hazards may come up and how the land you’re looking to buy would be impacted by a natural disaster. From wildfires to floods, earthquakes to mudslides, take every possibility seriously.
3. Do Your Utilities Research
“For raw land, start researching power immediately. An official design and accurate cost estimate from Puget Sound Energy can take up to a year or more to achieve,” explains Jason Galbreath, Broker.
Unless you plan on living entirely off the grid, you’ll need to figure out how your house will get water, electricity, gas, waste, and cable. Contact water, power, waste, and other companies to understand the costs of connecting the land to utilities.
4. Understand What Waterfront Living Entails
If you’re specifically looking to build a waterfront property, you’ll want to consider many things in addition to the ones listed above. Keep in mind Puget Sound’s ecology, erosion potential, and the possible need for soft shore protection. Be sure to consult local experts when considering a specific parcel of land. Discuss potential issues and considerations throughout the process to avoid problems down the road.
5. Check for Unrecorded Rights
“Make sure to ask the sellers if there are any unrecorded ‘rights’ to use the property,” states Broker Kelly Muldrow. Knowing the land’s complete history is a crucial step. In fact, Kelly recounted a cautionary tale from his own experience when representing buyers. “A couple of weeks before closing, an elderly relative produced a letter from the family stating she had a life estate allowing her to park her RV there and camp on the property for as long as she lived. The buyers had to hold off on clearing the property and building their dream home until she passed away.”
When it comes to buying land to build a house, it’s never as simple as it may seem. However, with thorough research, careful planning, and an excellent team of local professionals, you can turn your dream home into a reality.
Learn More about Bainbridge Island
If you’re thinking of building your dream home on Bainbridge Island, check out our Newcomer’s Guide. It’s full of helpful resources to get you better acquainted with our area. In it, you’ll find information about our neighborhoods, schools, entertainment options, outdoor activities, local home buying resources, and more.
First Quarter Market Review for Bainbridge Island
Bainbridge’s real estate market is picking up after the winter slowdown. We’ve compiled key highlights from our first quarter to keep you in the know about our local island market.
Our Strong Seller’s Market
Bainbridge Island has a very competitive market right now, and we just had a strong first quarter. With Bainbridge’s quaint island feel and its proximity to Seattle, it’s very appealing to people moving away from bigger cities as COVID-19 changes the way we work. There are still many eager buyers outnumbering sellers as inventory remains low and demand remains high. Our Brokers can help navigate this competitive market. We’ve seen many situations where buyers are outbid either by price or by an all-cash offer. Having a local expert as your guide can help you achieve success.
In the last five quarters outlined in the graph below, you can see that a similar growth trend in volume is repeated when comparing 2020’s first quarter to 2021’s first quarter. We saw quite a spike this past quarter from January to March. Get ready for the market to continue to heat up as we move from spring to summer.
With our lower supply, we’re seeing even higher prices. And, many buyers are willing to meet the demands of Bainbridge’s pricing. As you can see below, the listing and sale prices both continue to rise as sellers benefit from our inventory shortage. We’re beginning to see an affordability ceiling in which some people looking to buy on Bainbridge Island aren’t able to do so.
Affordability Issues and Market Insights
Matthew Gardner, Windermere’s Chief Economist, continues to track this affordability ceiling in his most recent Housing and Economic Update: “If the pace of home price growth continues, many households will start to be priced out” of what people can actually afford. As Gardner points out, we need more supply, and we need home prices to drop to alleviate this market strain.
Unfortunately, that might not happen fast enough for many hopeful homebuyers to make their dream a reality. Gardner reminds us that the cost of materials, recent storms, and the current housing market prices have all added to the cost of building new homes. This, in turn, will add to the listing price.
Additionally, Gardner points out that mortgage rates have risen after “a jump in bond yields has led rates to spike” as the country re-opens and economic activity increases. The resulting potential inflation causes the 10-year treasury interest rates to rise in hopes of attracting more buyers. However, it is still far below standard rates and shouldn’t be a concern for buyers right now.
Ultimately, it’s still a strong Seller’s Market with an overall low supply and high demand. We expect to continue to see issues with affordability as prices continue to climb.
Community Spotlight: Bainbridge Youth Services
Since 1970, Bainbridge Youth Services (BYS) has focused on young adults’ social and emotional wellbeing. As a proud community partner, we strongly support the vital work that their staff and volunteers do. From their youth outreach events to the services they provide, they are impacting many lives.
History of Bainbridge Youth Services
In 1962, youth counseling was only available in Bremerton, making it difficult for young adults on Bainbridge Island to find mental health services. Bainbridge residents created Bainbridge Youth Services to provide a safe space for the community’s youth. BYS was monumental in supporting young adults on their mental health journey. Taking inspiration from Bremerton’s Child Guidance Center, BYS started a confidential counseling program, and their programs and events grew over time. Their offerings include Summer Work Internships in partnership with the Rotary Club of Bainbridge and the Peer Tutoring Program.
Our Windermere Bainbridge Island colleagues greatly appreciate these important programs. “I’ve worked with BYS in the past through Raising Resilience, and I’ve supported BYS’s programs and events. I see tremendous value in their on-site, free counseling services and their student empowerment events. Students have shared very moving testimonials at fundraising breakfasts,” says Broker Julie Miller, M.Ed.
Community Impact
2020 was a challenging year for many organizations across Kitsap County, but that didn’t stop BYS. In 2020, BYS shifted focus to virtual events in order to continue supporting youth on Bainbridge Island. “We have been so impressed by how the youth in Kitsap County are so resilient during the pandemic. BYS’s counseling services have given youth a safe place to explore their feelings around the pandemic, grieve over missing events, friendships, and in-person learning,” says Courtney Oliver, Executive Director of Bainbridge Youth Services. “Our youth have persevered through creative outlets like the creation of a Pandemic Bucket List and Pen Pal letters.”
In 2020, Bainbridge Youth Services provided 414 youth with counseling services and skill-building programs, served 161 students of all ages through Peer Tutoring, recognized 16 youth through the Compassionate Act Celebration, connected 118 students to Career Exploration Services, and worked with 342 parents in Parent Education programs.
On Feb. 5, 2021, over 600 community members’ decorated luminaria bags were on display in downtown Winslow for BYS’s “Hope Glows”, a free event to celebrate hope in action. Photo courtesy of BYS. View decorated luminarias.
How You Can Get Involved
Bainbridge Youth Services welcomes community members’ support. To get connected, visit their Get Involved page, where you can volunteer, share ideas, and nominate youth. “Consistently offering free counseling, employment help, tutoring and so much more has proven to literally save lives on Bainbridge Island,” says Broker Shannon Dierickx, who is a former BYS board member. “BYS believes in our youth and being a small part of this organization is one of my proudest endeavors.” Bainbridge Youth Services is part of the fabric of our strong community, and we thank all those involved for their continued efforts to support and empower future generations.
Community Spotlight: Bainbridge Island Parks Foundation
If great schools top the list of what draws new homebuyers to Bainbridge Island, great parks aren’t far behind. With more than 1,500 acres of public park land and a trails system that stretches 40 miles in all directions, exploring and enjoying Bainbridge parks goes to the very heart of island living.
Just ask Windermere Bainbridge Island Broker Jason Shutt. Serving on the board of the Bainbridge Island Parks Foundation, Jason sees firsthand the payback that comes from the community’s investment in parks and trails.
“I grew up across the street from a large urban park and spent vacations going to national parks. So recreation is in my blood,” says Jason. He lives near Winslow town center with his wife Mairead and their three children. “I joined the Parks Foundation to ensure I live in a place that gives these same opportunities to others.”
An Island Rich in Parks
The island’s sprawling park system is managed by the Bainbridge Island Metro Park & Recreation District, a municipal agency. But islanders consistently ask for amenities above and beyond what general tax funding affords. That’s where the Bainbridge Island Parks Foundation comes in.
Closely aligned with, but independent from the Park District, the nonprofit Parks Foundation has raised more than $1,000,000 in private funds over the past five years. All funds raised have been for parks and trails projects, which benefit young and old alike. The Foundation led the development of Owen’s Playground, the island’s first accessible playground for kids of all abilities, at Rotary Park.
Photos of Owen’s Playground by Leo Phillips.
The new Pickleball Founders Courts at Battle Point Park opened last summer, built by Bainbridge Island Metro Park & Recreation District with support from the Parks Foundation. The six dedicated courts and plaza are pickleball’s first-ever permanent home on Bainbridge, honoring the game that was invented on Bainbridge Island in 1965.
Founders Courts. Photo by Leo Phillips.
Various Initiatives and Programs
The Foundation’s Community Grants program has supported countless smaller projects, from the high school sailing team’s fleet to diving boards and water stations at the Aquatic Center. Joe Richards, a Windermere Bainbridge Island Managing Broker and 22-year resident, has been involved with the Aquatic Center for over nine years and knows first-hand how beneficial it is. “The Masters swimming program, under the leadership of our world-class coach April Cheadle, has exceeded anything I could have hoped for. Thank you BI Parks for providing this person, this program, and this place for our community.”
The Foundation’s support also extends to environmental stewardship and restoration year-round, from Blakely Harbor Park to the Grand Forest, to smaller neighborhood parks islandwide. This is done through the Summer Trails Crew, Nonprofits Helping Parks, and other programs.
The Foundation’s current initiative, KidsUp! The Next Generation of Play at Battle Point Park is rebuilding the original KidsUp! as another inclusive, accessible playground. The centerpiece will be a giant, one-of-a-kind ferry boat play structure with climbable Orca whales. They will be “swimming” nearby to delight and educate kids about the natural environment of the Salish Sea.
“The more you learn about the Parks Foundation, the more you have to be impressed with its impact. Serving on the Foundation board has certainly opened my eyes,” Jason says. “I’m glad to share it with my clients, colleagues in the real estate community, and anyone else who asks. We have world-class parks here, and the Bainbridge Island Parks Foundation is a big reason why.”
The Leader in Trails
When it comes to Bainbridge’s trails, you can quickly see Bainbridge Island Parks Foundation’s impact. The Foundation works with the Park District, the City of Bainbridge Island, and other stakeholders to plan and fund new trails connecting parks and neighborhoods. Soon you’ll be able to hike from Winslow all the way to Gazzam Lake Nature Preserve – an unprecedented cross-island route. It’s sure to be a real draw for visitors. And, it’s already drawing people to the island. Online guides like TripAdvisor are full of testimonials from around the country, including hikers wowed by our trails.
Current and Future Benefits
The Foundation is about to launch a major Trails Campaign. This will fund the development of 10 miles of new trails over the next five years. With museums, restaurants, and other cultural spaces largely closed down and/or limited due to the pandemic, many of us have turned to the outdoors for connection and health. No matter where you live on Bainbridge Island, there’s a park or trail near you. The Bainbridge Island Parks Foundation has probably done something to make it better.
“COVID has really brought the importance of our Bainbridge parks into focus,” says Jason, who co-chaired the Sakai Park bond campaign, to create the 23-acre park five years ago. “The lockdown and social distancing have kept us all pretty close to home for the past year. But we have our parks and trails as an outlet to stay active and healthy and grounded. Our community is extremely fortunate, and it shows what a great investment our parks have been and continue to be.”
You can find out more about the Bainbridge Island Parks Foundation on their website, and you can support a park project that’s important to you.
Learn More about Bainbridge Island
If you’d like to learn more about our wonderful island community, check out our Newcomer’s Guide to Bainbridge Island. In it, you’ll find videos, articles, and helpful links to learn about our neighborhoods, schools, outdoor activities, local home buying resources, and much more.
Eco-Friendly Ideas to Improve Your Home and the Planet
Want to make your home more eco-friendly but aren’t sure where to start? Here are five great ways to reduce your energy costs, waste, and your home’s carbon footprint.
Reduce Your Use of One-Use Plastic Items
While plastic is incredibly useful in many forms, we often aren’t aware of the prevalence and impact of one-use plastic items. Each year, 500 billion disposable cups are consumed and only about 23% of all plastic bottles get recycled. You can easily purchase reusable water bottles and drink containers to do your part. Additionally, 32% of plastic packaging produced annually ends up in our oceans. That’s equal to pouring a garbage truck full of plastic into the ocean every minute. Another way to reduce your use of plastic: say no to straws or purchase reusable straws. Swap your standard plastic sandwich bags and trash bags for compostable BioBags. They’re just as handy and help the environment.
Start Composting
Unfortunately, our food doesn’t just decompose in landfills. When decomposing food is packed under layers of trash, it produces methane gas. Methane is at least 28 times more potent than carbon dioxide. You can avoid the hassle and the odor by simply putting a bin inside your freezer. Throw produce scraps into it and when it’s full, take it out to your compost bin or to a corner of your yard. Composting is also great for your garden, producing nutrient-rich soil. For additional information, here’s a helpful composting guide.
Switch to LED Light Bulbs
Another easy way to make your home more eco-friendly is to make the switch to LED light bulbs. You’ll save on your electricity bill and you’ll have a more energy-efficient home. LED light bulbs come in different color temperatures so you can choose between warm and cool lights to brighten your home. While incandescent light bulbs only convert 10% of energy into light and the rest is wasted as heat, LED light bulbs convert 95% energy into light.
Install a Smart Thermostat
A programmable thermostat is a bit of an investment, but it pays off in the long run. By learning our temperature preferences, smart thermostats cut down on fossil fuel energy sources. The thermostat can lower your house’s demand for electricity produced by power plants, reducing carbon emissions.
Invest in Solar Panels
Solar panels have become increasingly popular since they reduce utility bills and really help our planet. Over 25 years, a standard solar panel installation can be equated to 135 tons of carbon dioxide emissions avoided, 440,000 miles not driven, and 2.3 acres of trees planted. In addition, houses with solar panels can sell for up to 4.1% more than those without solar panels.
Best Day Trips From Bainbridge Island
Feeling cooped up and wanting to get away? Take a day trip! You’ll feel far away yet you’ll still be able to make it home for the night. While we know there are many incredible places to explore in our area, here are a few great day trip ideas to get you started. Travel times listed below are from Bainbridge Island to the destination.
Note: Due to the unpredictability of the pandemic, please call ahead or check online to make sure you’re able to visit. Don’t forget about COVID-19 precautions.
Cape Flattery – Makah Trail
Photo by Makah Tribal Council
Escape to the northwestern most point of the contiguous United States for the epic weathered bluffs and spectacular vistas of Cape Flattery. A true seaside bluff experience! Traverse the cliffside trails and find your perfect picnic spot. Be sure to respect the environment and pack out all your waste; there aren’t any garbage cans along the trail.
Drive Time: 3 Hours, 20 Minutes
Hurricane Ridge Visitor Center – Olympic National Park
Photo by Bittina Erickson
Hurricane Ridge Road leads you up the peak of the majestic Olympic Mountains for epic panoramic views. Once you get up the mountain road (be sure to drive cautiously), you’ll see the Visitor Center lodge devoted to the preservation of the park with ample parking and outdoor seating to enjoy the vista. The best time to go is summertime, but the park is open year-round if you bring chains and plan ahead!
Drive Time: 2 Hours
Finnriver Farm & Cidery on the Way to Port Townsend
Photo by Finnriver
On your drive to the seaside town of Port Townsend (a wonderful day drip of its own), you’ll find the rustic Finnriver Farm & Cidery, serving organic farm to table cider since 2004! They also offer delicious food options like Dented Buoy‘s wood-fired pizza and they have touchless ordering and Covid protocols in place. Enjoy Finnriver’s beautiful outdoor seating area and take a walk through the orchard. From there, Port Townsend is only 20 minutes away!
Finnriver Drive Time: 40 Minutes; Port Townsend Drive Time: 1 Hour
Tree of Life (aka The Root Cave)
Photo by Kalaloch Lodge
Nestled on the Kalaloch seashore sits the magnificent Tree of Life. Despite its exposed roots, this massive undying Sitka Spruce stands strong and verdant. If you’re feeling daring, take a walk under the Tree of Life’s root cave at low tide for a truly enchanting Washington experience. For a longer adventure, the Kalaloch Lodge and Campground are just up the shore!
Drive Time: 3 Hours, 10 Minutes
Olympic Sculpture Park – Seattle Art Museum
Photo by Weiss/Manfredi
Outdoor art abounds at the Sculpture Park on the Seattle Waterfront – just a 30-minute ferry ride away! The multiple award-winning Sculpture Park is a hallmark of the Seattle Art Museum, with nine acres of “monumental” artworks. Along with the art, the adjoining Myrtle Edwards Park provides miles of walking trails and beaches to enjoy. If you have time on your way back, there’s always something fun to do at the Seattle Waterfront.
Ferry Time: 30 Minutes
If you have another great idea for a day trip from Bainbridge Island, let us know on our Windermere Sound Living Facebook page.
Learn More about Bainbridge Island
If you’re new to the area and would like to learn more about Bainbridge Island, check out our Newcomer’s Guide. In it, you’ll find videos, articles, and helpful links to learn about our neighborhoods, schools, arts and culture, local home buying resources, and more.
Fourth Quarter Review and 2021 Forecast for Bainbridge Island
Bainbridge Island’s real estate market finished 2020 with a strong fourth quarter. We’ve compiled key stats below to provide a comprehensive review of our local market, as well as insights and a 2021 market forecast from Windermere Real Estate’s Chief Economist, Matthew Gardner.
Our Strong Seller’s Market
It’s still a strong seller’s market here on Bainbridge Island. Inventory remains low while demand is high. Buyers should be aware that the market is in a seasonal slowdown, but not as slow as expected, given COVID-19. There are still many buyers looking to move away from Seattle, but still remain close by; inventory remains low, giving the advantage to sellers. Our Brokers have seen an increase in situations where some buyers are outbid either by price or an all-cash offer.
In 2020’s fourth quarter, the average sale price on Bainbridge Island was up 12.9% year-over-year at a very strong $1.315M. Sale prices continue to hover close to listing prices, indicating strong demand.
2021 Market Forecast
In his final Monday with Matthew video of 2020, our Chief Economist, Matthew Gardner, shared his 2021 market forecast. He’s optimistic and for some good reasons.
First off, Gardner expects mortgage rates will not rise significantly on a local level, nor will they vary significantly throughout different regions across the U.S. Since mortgage rates are heavily tied to 10-year treasury maturity rates/yields, rates shouldn’t rise significantly until the entire market recovers from the COVID-19 slowdown. Another great sign is that Gardner expects home sales will grow, from 5.55% in 2020 to 5.93% in 2021. That’s “to a level we haven’t seen since 2006,” Gardner explains. With the continuation of historically low mortgage rates and the consistent increase of home values, 2021 looks bright.
“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.”
Matthew reminds us that there are pitfalls to be wary of in this strong market. First and foremost: “we need more inventory.” With the shuffling to new homes, and the huge wave of “first-time buyers [that] will continue to be a major player in the housing market,” many are making moves in a flood that will not persist. Buying during the pandemic will slowly settle. People are expected to stay in their homes longer, especially homeowners who have chosen to refinance. House values will rise due to the lack of supply, and that may price out many buyers who want to purchase in our area.
Western Washington’s Market 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
- Average: $617,475 (up 17.4% from Q4/2019). This continues the trend of above-average appreciation of home values.
- Interestingly, prices between Q3 and Q4 of 2020 only rose by 1%. Is there a price ceiling we’re reaching?
- Mortgage rates will stay competitive as the market continues to charge toward a price ceiling and potential affordability issues.
- Average: 31 Days (16 days less than Q4 just one year ago)
- In Kitsap County, average days on market: 17
Conclusion
2021 will continue the trend of working from home, which keeps demand high. This, in turn, will drive sales growth, while affordability barriers will balance our current runaway appreciation for home values.
