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.
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.
New Agent Spotlight: Ashley Mathews

We’re excited to highlight our new Broker, Ashley Mathews. Highly involved in our community, Ashley is passionate about helping people. She has a background in marketing and a range of industry experiences. Read on to find out more!
What unique professional skills do you possess that enhance your abilities as a realtor?
I started working at my mom’s travel agency at around 12 years old, which taught me organization in a transactional industry. After stints as a realtor in the fast-paced New York City market, I moved on to the marketing side of the business. I am a marketer at heart and bring the combination of my marketing expertise to my transactional knowledge of real estate, which benefits my clients.
What drew you to real estate?
Real estate has been the backdrop to my life for as long as I can remember. I love the ever-changing landscape, market conditions, and being able to impact someone’s life in such a monumental way.
How long have you lived here and what brought you here?
I have lived on Bainbridge Island for 12 years. I moved here from New York City after meeting a man from Bainbridge Island. He is now my husband of ten years.
What personality traits do you think are important in this profession?
I think it’s important to be a good listener, have the ability to roll with the punches, have a good sense of humor, and possess dedication and integrity.
What area do you serve and what do you love about it?
I serve Bainbridge Island and have a great deal of first-hand knowledge of Bainbridge’s unique neighborhoods, having lived in downtown Winslow, Fletcher Bay, the Sand Spit, and Pleasant Beach. I love its beauty and the fact that it can be whatever one desires. Sometimes I enjoy its quiet serenity. Other times, I want to enjoy one of our award-winning restaurants. There is something here for everyone.
What made you decide to work with Windermere?
My passion for service has always made me a fan of the Windermere Foundation and its work. The Windermere Brokers on Bainbridge Island have such a great reputation and I wanted to be on their team. Blue is also my favorite color.
How are you involved in the community?
I serve as a board member for the Bainbridge Island Museum of Art, and I serve as Planning Commissioner for the City of Bainbridge Island. Additionally, I serve as the Chair of the Board Development Committee for Treehouse For Kids and sit on its Board of Directors Executive Committee. For over a decade, I’ve been involved in Bainbridge Island’s vibrant equestrian community and am a member of the Bainbridge Island Saddle Club. I love the arts and have performed with the Bainbridge Chorale and on the Bainbridge Performing Arts stage in “Chicago” and “Cats”. I am also a lifetime member of the NAACP.
Is there anything else you’d like to share with us?
I have a 19-year-old daughter who inspires me every day as she navigates our new normal as a college freshman, as well as a beautiful and not so smart Doberman named Grace and a beautiful and very smart horse named Nektonia. I love to meet new Islanders so if you see me come say hi. Human connection is so important these days.
We’re so glad that Ashley Mathews has joined us. We know her local expertise and her integrity make her an excellent choice for buyers and sellers. You can connect with her on Facebook or through her website.
Start the New Year Off Right With These Fun Activities

Each new year brings hope and the chance to start fresh. Here are some activities to help you feel rejuvenated and more connected to this incredible place we call home.
New Year, New View
We all get caught up in our daily lives and sometimes we take this gorgeous area for granted. Grab your coat and visit a trail you haven’t been to in months or ever. There are many great trails here on Bainbridge like Grand Forest, which is made up of 240 acres with approximately eight miles of trails. Kitsap Peninsula offers many wonderful places to enjoy. Another peaceful spot is Point No Point Park and Lighthouse in Hansville. There’s a short nature trail, a beautiful beach, and the oldest lighthouse on Puget Sound. While you’re taking it all in, try to remember what it felt like to experience this place for the first time. Or, if you grew up here, remember the joy of sharing this place with a visitor. Tapping into that can help you see your surroundings with fresh eyes.
Unplug For One Day
If your routine involves a lot of time in front of a computer or on your phone, take a day to fully unplug. Turn off all of your electronics. Yes, even your phone. It can be challenging yet rewarding. Play a board game with your family, write good ol’ fashioned letters or thank you cards, bake cookies for a neighbor. You may be surprised how often you automatically reach for your phone. In just one day, you can see where you really are on the usage spectrum. And, you may decide you want to limit your screen time as a new year’s resolution. Even if you are fine with how much time you spend in front of screens, a day off from electronics can help you appreciate them more.
Share Your Love of Books, New and Old
Whether you’re a voracious reader or have fond childhood memories of reading some of the classics, start the new year off by sharing your love of books. Donate a few of your books to your nearest Little Free Library so that others can enjoy them. If there isn’t a Little Free Library near you, start your own! Either way, it’s a great way to connect with neighbors, friends, and family over beloved books.
After you add to or start your own Little Free Library, you’ll have the perfect excuse to visit your local bookstore. After all, you’ll have gaps on your bookshelf that you’ll need to fill. You can find an array of excellent books at Eagle Harbor Book Co. here on Bainbridge Island and Poulsbo’s Liberty Bay Books.
If you never seem to have the time to sit down with a good book, try downloading a free app called Libby. You can borrow audiobooks by connecting the app to your Kitsap Regional Library card. It’s user-friendly and offers tons of bestsellers and classics for free.
Create a Gratitude Jar
Want a simple yet meaningful activity that gets the whole family involved? Get a large jar and decorate it with the word “gratitude” on it or purchase a gratitude jar like this one. Every week, your family members can put little notes in it, describing what you’re thankful for and memorable moments. To establish this new habit, pick a day that you’ll each add one note to the jar, like on Sundays after dinner. That way, it quickly becomes part of your routine. Also, make sure your gratitude jar is in a prominent place so anyone can jot down a note whenever they want. At the end of the year, you’ll get to go through all of these little notes together. It’s an easy way to regularly practice gratitude and an enjoyable way to reflect on the year’s highlights.
We wish you a happy, healthy 2021!
Patti Shannon: Real Estate Expert & Soon-to-be Retiree!

Patti Shannon has helped hundreds of families buy and sell homes, and she’s been a tremendous asset to our Windermere Bainbridge team. She’s now ready to retire, so we wanted to celebrate her incredible career and share some of her valuable insights. We recently connected with her and we love what she had to say about how this industry has changed, her advice to those who are new to the business, memorable moments, and much more.
What drew you to this career?
I was drawn to Sales & Marketing at an early age. As a teenager, I had a part-time job creating monthly newsletters for a car dealership and was feature editor of my high school newspaper. I sold Girl Scout cookies and greeting cards door to door. After earning my bachelor’s degree in Speech-Communication, I went to real estate school in St. Louis and got a Missouri real estate license; but I had no way to finance the launch of that career. Instead, I worked as an administrative assistant at an ad agency, which led to a 20-year career in radio advertising sales and radio audience research sales. After moving from St. Louis to Dallas to Seattle, I was able to start my real estate practice on Bainbridge Island. I am so glad I waited, or I’d probably still be living in Missouri!
How has the industry changed since you became a Realtor 19 years ago?
The biggest change is the amount of information homebuyers and sellers can access about properties on their own. Many consumers think that means they don’t need the help of Realtors as much. One of my favorite sayings is “you don’t know what you don’t know.” Agents do this work every single day. We take classes on everything from septic systems and wells to NWMLS contract language to negotiations. We also gain knowledge doing transactions and talking with other agents. We network with other agents to find off-market properties for Buyers.
Local Agents have invaluable background knowledge of properties through years on the job; on the island where the same property might sell 3 times in 15 years, being savvy enough to ask, “I wonder if they solved the drainage issue,” makes a difference. We spend months guiding Sellers in the most cost-effective things to do to make their houses market-ready. Good Realtors are worth their weight in gold. I get a kick out of people who tell me, “I’d like to be a Realtor. I love looking at houses.” We do so much more than that! People are shocked when I tell them that less than 10% of the job is looking at houses.
What will you miss the most?
Talking about real estate with clients, friends, and colleagues. Future conversations will not be the same because I won’t be dedicating time daily to stay on top of things.
What will you miss the least?
The changing schedule. It is essential to be available to clients when needed and that often means canceling personal plans or stopping in the middle of dinner to connect with someone I’ve been trying to reach all day. I am looking forward to building a daily and weekly routine.
When you think about all of the families you’ve helped over the years, are there any particular stories that really impacted you?
I will never forget my first in-person offer presentation. Representing a buyer client, I scheduled a meeting with co-listing Windermere agents Bill Hunt and Mark Wilson. I was working for a different company at the time, did not know them well, and was nervous. They were professional, kind, and sensitive to my jitters. They set a great example of how to treat other agents and I hope our wonderful community of hard-working professional Realtors feels that I lived up to their example.
Second, I am humbled and grateful to the many clients I’ve worked with who invited me multiple times to help them buy and sell real estate. That means so much to me! For example, years ago I helped 3 related families move to the island, coming from various parts of the country. Last year, I worked with a client on a second and third transaction and had the pleasure of assisting her daughter with her first home purchase. That was very gratifying.
Do you have any advice for those who are just starting out in this business?
1) Join a company that provides excellent support in terms of training and tools, and sets a high standard for integrity. I find Windermere outstanding on all counts.
2) Get a great mentor or two. I’ve had some wonderful ones, including my dear, departed friend, Carolyn Frame, who pushed me to set monthly sales goals, then reviewed them with me periodically.
3) Partner with other Realtors some of the time. It can be fun and a great learning experience. Find someone who works similarly so you can feel comfortable having them cover for you during vacations and days off. Be sure to schedule “down time” or you will burn out.
You’ve been involved in the community for decades, volunteering with Rotary for 19 years and serving for 7 years as the Chair/Co-Chair of the fundraising committee for Cedars Unitarian Universalist Church. What do you enjoy most about your volunteer work?
I like giving back to the community in a meaningful way. Rotary International is an amazing, world-wide organization and our club on Bainbridge Island is extremely active locally as well as internationally. Being Rotary Auction Chair in 2009 was a fabulous experience because I was able to interact with and get to know many people who have been volunteering for years and years, and also learn how they manage their unique subsets of that phenomenal event.
The reason I serve on the Fundraising Committee at Cedars is that I’ve never met a kinder group of people in my life. I’m blown away by the friendliness, openness, caring, and love that I see displayed through these individuals, both to visitors and members. Perpetuating and growing the church by donating and doing fundraising activities is important to me so that church services continue (now via YouTube), educating and empowering each of us to walk our own spiritual paths, aided by the 7 Principles, moral guidelines held by the UU faith.
What are you most excited to do once you’re officially retired?
Play! Kayak, paddleboard, golf, establish a yoga practice, fish more with Doug. I have always wanted to learn to play guitar, so I plan to pursue that.
Is there anything else you’d like to share?
I would love to see young, self-motivated people with an aptitude for teaching and communicating to be presented with a career in real estate sales as an option. It is a fascinating profession, ever-changing, rewarding in so many ways, and I never dreaded going to work in the morning.
Thank you for sharing your journey and wisdom with us, Patti! We wish you all the best!
Local Holiday Events You Can Safely Enjoy This Year

While the holidays will look different this year due to the pandemic, there are still many ways to safely enjoy them. We’ve compiled a list of local holiday events. Please note that at the time of publication, all of these events were scheduled to occur. But due to the situation with COVID-19, it’s important to check event websites and state guidelines in order to get the most up-to-date information.
Outdoor Celebrations
Bloedel Reserve’s Winter in the Woods
With over 150 acres to enjoy, the Reserve is always a treat. Through most of December and into the beginning of 2021, you can stroll across their beautiful grounds and spot cleverly crafted snow people. They also have a Wishing Tree with individually wrapped wooden ornaments and pencils that you can use to add your wishes for the new year.
When: Dec. 5, 2020 – Jan. 3, 2021, open Tuesdays-Sundays, 10:00 AM – 4:00 PM
Closed Mondays, Christmas Day, and New Years Day
Where: Bloedel Reserve, Bainbridge Island
Cost: Included with Admission. Tickets must be purchased in advance online via timed tickets. Canned food donations are requested, which support YWCA Kitsap County.
Lighted Ships Parade
Every year, Rudolph leads Santa across the Puget Sound, greeting people along the parade route. Although there won’t be the typical festivities due to social distancing requirements, this is still a fun way to mark the holidays. This will be the 51st year of this tradition, put on by the Poulsbo Yacht Club. Bring some hot chocolate and enjoy the beautiful parade of festively lit boats. Or, register your lighted ship to “be the light”.
When: December 12, 5:30 PM to 9:00 PM
Where: Starts at Poulsbo Yacht Club Marina with a schedule/route
Cost: Free
Holiday at Fay – Drive-Through Event
Enjoy an illuminated, festive holiday show from the comfort of your car. Play your favorite holiday songs with your family and drive through their dazzling display. For info and updates, follow their Facebook event here.
When: 2nd and 3rd weekends in December, Friday-Sunday, 5:00 PM – 8:00 PM
Where: Fay Bainbridge Park, Bainbridge Island
Cost: $20 per vehicle. Register here using Activity #541006
Gingerbread House Parties
Delicious fun for everyone, build a gingerbread house in the covered Wintergarden with a table of up to 5 guests. Take-and-Make-at-Home Kits are also available.
When: Nov. 28 – Dec. 20, Thurs. – Sun. with time slots to register for in advance
Where: The Manor House at Pleasant Beach Village, Bainbridge Island
Cost: $48 + tax for one 1 house up to 5 people; Take-and-Make-at-Home Kit $38 + tax. Space is limited so reserve your spot early.
Creative Indoor Holiday Fun
A Chanukah Celebration (Music of John Zorn’s Masada)
Watch this live, 2-part Chanukah celebration while cozied up at home. Seattle musicians James Falzone, Wayne Horvitz, Darren Loucas, Keith Lowe, and Evan Woodle will be playing John Zorn’s music live on the Royal Room Stage. Ben Sisario of The New York Times says, “Masada, which [John Zorn] began in the early 1990s, was an attempt to explore his own roots and expand the idea of Jewish music through a ‘songbook’ that linked the language of klezmer and jazz.”
When: Dec. 11 and 17 at 7:30 PM
Where: Online at LiveConcertStream.com. More info here.
Cost: Free but donations to the artists encouraged.
Emerald Ballet Theatre’s “The Nutcracker” Ballet, Online
If you missed last year’s production of this holiday classic, you can now watch it at home. Emerald Ballet Theatre will be streaming their 2019 recording so you can enjoy this incredible production, which performed to sold-out audiences.
When: Digital premiere on Dec. 11 at 7:00 PM and it will remain online for viewing through the weekend.
Where: Online
Cost: Free but donations encouraged.
If you know of other safe, local holiday events happening on Bainbridge Island or around the Kitsap Peninsula that aren’t included here, please let us know on our new Facebook page, Windermere Sound Living. It’s where we’re celebrating the communities we serve with uplifting stories, helpful resources, and interesting local events.
We wish you and your family a safe, healthy holiday season!
Bainbridge Island’s Market: Third Quarter Review and Forecast

Bainbridge Island’s market had an incredibly strong third quarter. We’ve compiled key stats below to provide a comprehensive review of our market, as well as insights and predictions from Windermere Real Estate’s Chief Economist, Matthew Gardner.
Our Strong Seller’s Market
It’s a hot seller’s market here on Bainbridge Island. Inventory remains low and demand is still high. In our third quarter, closed sales were up 43.6% year-over-year. Buyers should be aware that multiple offer situations are very common. Our Brokers have seen a significant increase in all-cash offers. In September alone (when the market typically starts to cool down), 37% of all Bainbridge Island residential sales were from all-cash buyers.
Market Predictions
Although mortgage rates remain historically low and demand is high, our Chief Economist, Matthew Gardner, has some concerns about how this may impact real estate down the road. “We may be heading towards a period where we see houses turn over at a far slower pace as we stay in our homes for longer than ever…this could be a problem as it leads to persistently low levels of inventory for sale, which itself could lead to prices continuing to rise at above-average rates and that would further hit affordability.” As for mortgage rates, Gardner does not expect them to rise significantly any time soon. However, he says, “We should all be aware that there could be consequences to very low rates”.
Western Washington Review
Let’s zoom out a bit and look at our area. Below are highlights from The Western Washington Gardner Report provided by Windermere Real Estate’s Chief Economist, Matthew Gardner.
WESTERN WASHINGTON HOME SALES
- Total Sales: 11.6% increase from Q3/2019, and 45.9% higher than Q2/2020
- Homes for Sale: 41.7% lower than Q3/2019, but up 1.6% from Q2/2020
- Pending Sales: up 29% from Q2/2020
WESTERN WASHINGTON HOME PRICES
- Average: $611,793 (up 17.1% from Q3/2019). Low mortgage rates and limited inventory are clearly pushing prices up.
- Prices will continue to increase as long as mortgage rates and inventory levels stay low. If this continues to be the case, affordability issues will become more apparent in many markets.
DAYS ON MARKET, WESTERN WASHINGTON
- Average: 36 days (an average of 4 fewer days than in Q2/2020 and 2 fewer days than in Q3/2019)
- Kitsap County’s average days on market: 20
Conclusion
In Gardner’s Western Washington Report, he states that, although we have a strong seller’s market that is very buoyant, he’s “starting to see affordability issues increase in many areas—not just in the central Puget Sound region—and this is concerning. Perhaps the winter will act to cool the market, but something is telling me we shouldn’t count on it.”
Join Windermere in Supporting Bainbridge Island Businesses

Now, more than ever, Windermere Bainbridge fiercely supports our beloved Bainbridge Island businesses – and we’re asking you to join us. We’re all experiencing some of the most challenging, unprecedented changes to what we know as normal life. We are grateful for a resilient real estate market on our beautiful island. But our hearts and actions support our vital, local-business culture. It’s a large part of what makes our island so unique, and it needs support from all of us – right now.
SOS Bainbridge Island
The Bainbridge Chamber of Commerce has teamed up with the Bainbridge Island Downtown Association to create SOS Bainbridge Island. This informative community effort aims to save our stores and businesses. Its website includes updates on how you can safely shop, dine, and support local merchants. Windermere Bainbridge Broker, Jackie Syvertsen notes, “I love how Bainbridge businesses have evolved to stay open through the Covid crisis. They’re happily creating distancing and extra safety features to accommodate.”
According to the Bainbridge Chamber of Commerce, many businesses, especially on Winslow Way, rely on summer visitors and tourism to help them survive through the rest of the year. Since this year’s visitor season was significantly quiet, we can all help now by shopping, dining, and supporting Bainbridge Island businesses.
Local Windermere Broker, Susan Grosten brings to light that “most of our businesses are owned by our own Bainbridge neighbors and friends, all who regularly add back to the community as locals. I’ve enjoyed so many of them, for 31 years and counting!”
How the Windermere Bainbridge Team
Supports our Community
Since 2005, a portion of every Windermere Bainbridge agent’s commission is donated to the Windermere Foundation of Bainbridge Island. Each year, the foundation donates funds and provides scholarships and support to essential community service organizations on Bainbridge Island.
Additionally, we are passionate locals who regularly shop, dine, and support merchants within our community. Our Broker, Shannon Dierickx says, “I have so many great experiences with local shopping and dining. I’m an original island girl who loves to keep our local businesses thriving!” Broker Cheryl Mauer adds, “I love stopping in at Covet Boutique to pick up a special gift, or to find myself the perfect outfit or jewelry.”
For our Bainbridge treats and dining favorites, the list is endless. Our marketing team notes a gamut including Bene Pizza, Streamliner Diner, Hitchcock, Treehouse Cafe, Sawatdy Thai Cuisine, Doc’s Marina Grill, and so many more. We all have many dear, personal favorites on the island, and now is the time to support them all.
In addition to listing current updates on how restaurants and cafes have adjusted to serve the community, SOS Bainbridge Island’s website also includes information on how many other businesses and services have shifted.
“One of my very favorite businesses on Bainbridge is Barrecor! Owner Emiliana and her wonderful instructors are offering their amazing classes online,” raves our Broker, Susan Grosten. Another business that stands out to our team is the local non-profit, Bainbridge Island Saddle Club. The organization aims to promote good horsemanship and foster equestrian sports locally. Windermere Broker, Maureen Buckley appreciates its programs and favors that “it’s an old-fashioned horse club for local kids to adults.”
We are truly all in this together. The more we all support the Bainbridge Island businesses we love, the more we’ll endure these trying times as a community.