Community April 4, 2024

New Agent Spotlight: Ashley Stroup

When buying or selling a home, having an agent who’s an enthusiastic, knowledgeable problem-solver can be so beneficial. Meet Windermere Bainbridge Island Broker Ashley Stroup. Ashley recently joined our team, and we’re grateful for her vibrant energy and expertise. Read our Q&A below to learn about her background, community involvement, and more. 

What drew you to real estate?

I have had so many people over the years tell me I should be in real estate with my love for homes, design, and sales. I think I was intimidated, honestly! But in 2019, while interviewing agents to sell my own personal home, I was recruited to work alongside a top agent in a design/home renovation role for up-and-coming listings at the firm. I found it to be the perfect mix, utilizing my design eye, connections with contractors, and love of homes. From there, I started interacting more with clients and realized a natural connection that felt very rewarding, and I haven’t looked back!

What unique professional skills do you possess that enhance your abilities as a Realtor? 

Having worked in commercial design and renovation, I have a unique ability to help clients bring their property to market with just the right updates for the biggest return on their investment. Additionally, I enjoy helping my buying clients envision possibilities for their dreams for a property they may be considering.

What personality traits do you think are important in this profession?

Creativity, compassion, and determination. Every real estate transaction is one-of-a-kind, and being quick on your toes and thinking creatively when problems arise is essential for getting your client’s deal across the finish line. Secondly, I often feel like a therapist – I think we all do! Buying and selling a family home is often the biggest emotional transaction of people’s lives, and compassion is key. Lastly, determination. Rarely does any client get to the finish line without setbacks and unforeseen obstacles along the way. I try to limit as much stress as possible for my clients, and that requires determination on my part to show up and utilize my experience to meet deadlines. 

Which areas do you serve, and what do you love about the area?

I started my real estate career while living on top of Queen Anne Hill in Seattle. I specialized in that area until the summer of 2023. After my family moved to Bainbridge Island, I began working in both areas. I am now focusing more on Bainbridge Island properties.  I’m proud to live in such a welcoming community, and there is so much to do and enjoy here every day. 

How long have you lived here, and what brought you here?

My family and I moved to Bainbridge in the wake of the pandemic, in 2020. I think, like many families during that time, we sought an area that provided more access to nature, high-functioning schools for our children looking for academic challenges and special needs resources, and a thriving community. Bainbridge ticks ALL those boxes, plus others! I have no regrets and truly feel we are giving our children a magical place to call home. 

How are you involved in the community?

I’m involved in book clubs, running clubs, and school volunteering. Also, I serve as the social coordinator for my neighborhood community beach.

What made you decide to work with Windermere Real Estate?

Windermere has a great reputation for full-service representation. This aligns so well with my client-focused philosophy. I am honored to be part of the Windermere office on Bainbridge Island, and I truly love working and living in this thriving community!

To learn more about Ashley Stroup, check out her website, and follow her on Facebook and Instagram.

Community March 25, 2024

How Helpline House Strengthens Our Community

Founded in 1968, Helpline House on Bainbridge Island provides social services to individuals and families in need. Helpline offers housing and utility assistance, social work and counseling services, a food bank, medical supplies, and senior services. Additionally Helpline has many great programs for children, including Project Backpack and Project Happy Birthday.

Here at Windermere Bainbridge Island, we are proud supporters of Helpline House. Their work is vital and strengthens are community in many ways. We recently spoke to Executive Director Maria Metzler to learn more.

Maria-Metzler-Helpline-House

Maria Metzler, Executive Director

Maria has been the Executive Director at Helpline House for the last seven years, she shared her story of getting involved.

“I was living on the Island, but commuting to Seattle for work every day. My whole career has been in social services and nonprofits, and as such, I was aware of the amazing work of Helpline House in my community. My kids were young at the time and I wanted them to grow up understanding what a healthy, connected, intentional community looks like, specifically, their own community. When the opportunity arose to become a part of Helpline House, I jumped.”

 

 

 

Helpline House’s Inspiring Mission

When we asked Maria about how Helpline inspires her, she said, “‘Becoming a part of the circle of giving and receiving.’ We are all in that circle, in various places, all the time. There are moments in our lives when we are the givers and equally as many moments in our lives when we are the receivers. We give and receive daily – love, affection, guidance, lessons. Helpline House exemplifies this in our community. It is one of the most generous, philanthropic, giving communities out there. Helpline House is lucky enough to be the face of that on Bainbridge Island. However, I would be remiss not to add that I’m inspired not just by the ‘givers,’ but by the receivers, too. It takes courage to ask for help. We are a better, stronger, healthier community because of their bravery and willingness to come to Helpline House. Ultimately, I truly believe we are all givers and receivers, and being at Helpline House is just one example of how we live that every day. We would not and could not exist without our community. In 2023, we distributed 68,000 pounds of food a month.”

Helpline is making an incredible impact, and we’re so grateful for Maria’s efforts and the rest of the Helpline House team. Additionally, they have a new mental health program for kids. Maria informed us that “Helpline House is the only provider of free mental health therapy for kids ages 5-12 in the area.”

How You Can Help

A great way to support Helpline House is through participating in a food drive. Also, you can donate food in the designated bins at Town & Country or Safeway. Financial support is wonderful, too. By making a monetary donation, Helpline has more purchasing power due to partnerships. Your dollars go further to purchase more food because staff can buy needed items through other, larger, food systems.

Giving events are also an easy, rewarding way to show your support. The Kitsap Great Give is a fantastic time to donate. April 16th is the big day this year, with early giving starting on April 1st. Also, you can round up or give directly at the registers at Town & Country any time you shop. In the fall, the annual Turkey Trot is a wonderful fundraiser.

If you’d like to help more regularly, there are weekly shifts available for volunteers. You can greet shoppers, stock and sort food, pick up food in the morning from local grocery stores, and more. Additionally, Helpline needs substitutes who can be available with a day or two’s notice when regular volunteers are unable to make it. Maria says, “Ultimately, one of the best ways of supporting our organization is to be an ambassador. Tell your family and friends about Helpline House and how you think Bainbridge Island is a better community because of it. Your support could inspire more giving, more volunteering, but also perhaps inspire a neighbor to seek help if previously they were unsure about it.”

For questions about getting involved, email: helpline@helplinehouse.org

Our Office’s Involvement

Windermere Bainbridge Island has long supported programs at Helpline House, namely Project Backpack. “We love Windermere,” Maria commented. “You make it possible for households who get brand new backpacks and school supplies for their children to also have a gift card to purchase the necessary items that are not included in the backpack pick up.”

Last year, our office also helped provide Thanksgiving meals by supporting Helpline’s Thanksgiving program with grocery store gift cards. This supplemented the Thanksgiving items Helpline offers in their food bank.

As Maria said, “It takes all of us” to improve our community. We’re so grateful for Helpline House!

 

Home Sellers February 20, 2024

Benefits of a Comparative Market Analysis (CMA)

Thinking of selling your home? One of the first steps in the home-selling journey will be identifying a local real estate expert. Once you have selected an agent, they will jump-start the process by conducting a Comparative Market Analysis.

What is a Comparative Market Analysis (CMA)?

A Comparative Market Analysis (or CMA) is a detailed report used to estimate your home’s value. This is done by comparing your property with others that have recently sold in the area. A real estate professional will come to your home to tour it and discuss its current market value. They will identify how much your property is worth based on factors such as number of bedrooms and bathrooms, square footage, the home’s condition, and regional market trends.

The report will evaluate other homes in the area that have sold in the past three to six months to help determine the best price point for your property. Also, you will learn what nearby homes have recently sold for and how long they were on the market. Ultimately, your real estate expert will present a low, median, and high selling price for your property based on the comparable homes (or ‘comps’) from the CMA.

Why do I need a CMA, and what are the benefits?

Homes that are correctly priced attract buyers. In fact, a CMA can help a home sell faster and for more. By considering other comparable homes in your local real estate market, you can ensure you are attracting the best buyers. A CMA can also help you make informed decisions and set realistic expectations about the home-selling process.

What if the CMA values my home lower than I wanted?

If the value of your home comes in lower than hoped for, you can increase your home’s value by making certain repairs and upgrades that have a high return on investment. A CMA can be used as a tool to identify which home upgrades would make the most sense. With your real estate agent, you can discuss if home upgrades or remodeling projects like replacing your garage door or painting your home’s exterior would make financial sense based on other comparable homes.

If you decide to invest more in your property before putting it on the market, consider the Windermere Ready Program. This program offers local expertise and a loan of up to $100,000 in strategic home repairs and upgrades to prepare your home for the market.

 

How is a CMA different than a pre-listing inspection?

Both a CMA and a pre-listing inspection are done at the beginning of the home-selling journey. However, a pre-listing inspection is conducted to give sellers and homebuyers more information about the property. A licensed home inspector will come to your home and identify potential repairs to be addressed. While a pre-listing inspection is also done before listing a home, it is less of a pricing tool. Instead, it is more of an evaluation of the home’s condition. Using information from a CMA and a pre-listing inspection, a seller can identify what upgrades or repairs would be most valuable.

How is a CMA different than an appraisal?

An appraisal is done further along in the home-buying process. If a buyer is financing the purchase of a home, their lending institution will require an appraisal. This ensures the bank does not lend more money than is necessary for the home. A licensed or certified appraiser will come to your home to ensure the home’s value is correct.

I’m ready to sell my home. Where do I get my CMA?

To get started, connect with one of our highly rated, local real estate agents from Windermere Bainbridge Island. Our experts know the local market and can provide a detailed CMA. They can guide you through the home-selling process as your trusted advocate, providing all the support and information you need.

Home Sellers October 1, 2023

Windermere Ready: Sell Your Home For More

The best way to impress potential home buyers is to ensure your property looks better than ever. The Windermere Ready program helps you accomplish this by preparing your home to make an excellent first impression. With the strategic guidance of a local real estate agent, our program maximizes your home’s value and helps increase your home’s sale price. Often this requires making an investment in repairs or upgrades to help your home shine. The Windermere Ready program offers up to $100,000 in financial assistance to make necessary improvements.

Sell in Less Time and for More

Typically, homes that look their best and have been enhanced and updated sell for more and faster. You want potential buyers to fall in love with your home, and their excitement can lead to offers above the asking price. While each home is unique, taking steps to improve your home is essential. But knowing where to focus your efforts is key.

The Windermere Ready program provides:

  • A customized consultation
  • An action plan developed specifically for your home
  • Recommended high impact repairs and updates
  • Professional staging for the finishing touch

Generally, buyers look for turnkey homes with the goal of moving immediately. Yet, many homebuyers also want certain comforts and amenities. This makes deciding what to fix before selling challenging. The Windermere Ready program takes the guesswork out of this process. One of our Bainbridge Island real estate experts will assess your home and identify important repairs and upgrades.

This information is used to create a personalized action plan to make your home market ready within your timeline. Working with an experienced professional also helps you avoid costly home-selling mistakes. Our Bainbridge Island real estate agents can also recommend local contractors and coordinate access to your home if needed. The Windermere Ready program is focused on maximizing your home’s value and making the selling process easier.

Maximizing Your Home’s Value

While many home sellers worry about needing to make major changes, minor ones often have the biggest impact. An eye-catching garden, a beautiful front door, and a fresh coat of paint give your home curb appeal. On the inside, making improvements with deep cleaning, decluttering, and updating certain spaces can reveal the beauty of your home to potential buyers. Focusing on minor repairs such as cosmetic updates and refinishing flooring will improve your home’s overall appearance. All these little things add up to a welcoming home, which makes a big difference to buyers.

The Windermere Ready program focuses on simple improvements for the outside including:

  • Landscaping
  • Power Washing
  • Window Washing
  • Lighting
  • Decorative Window Elements
  • Painting
  • Front Door Appearance

Simple improvements on the inside include:

  • Decluttering
  • Professional Deep Cleaning
  • Window Washing
  • Carpet Cleaning/Replacement
  • Floor Repair/Refinishing
  • Cosmetic Updates
  • Fixture Repair or Replacement

Staging Your Home

Once all the cleaning is done and the repairs are made, it’s time to stage your home. This is an important last step before showcasing your home to potential buyers. With the expert advice of professional stagers, you can increase your home’s sale price. Staging helps buyers visualize living there, and creates the best first impression online. In fact, staged homes can sell for up to 20% more than non-staged homes.

Windermere Ready is Invested in Your Success

Whether your home needs minor or major repairs, the costs add up quickly. The Windermere Ready program is available and there are no upfront fees for the loans. Additionally, there are no monthly payments during the six-month loan term. Once your home sells, the loan is paid off in one lump sum.

Carter Dotson, Owner and Designated Broker, explains, “The Windermere Ready program is designed exclusively for Windermere clients to give them access to funds that can be used to prepare their home for the market and ultimately generate greater interest from potential buyers.  Since its inception we have seen tremendous success for those who make use of the program.”

For more information, please contact us today.

Real Estate Market April 12, 2022

Bainbridge’s Market: First Quarter, 2022

Bainbridge’s market picked up in the first quarter of 2022. As was the case in 2021, it’s a seller’s market due to low inventory and high demand. Homes are still selling above the asking price and we’re seeing multiple offer situations and many all-cash offers.  We’ve compiled key highlights from last quarter to keep you in the know about our local market.

Sold and Pending Homes

bainbridges-market-sold-homes-graph

In the last five quarters outlined in the graph, 2022’s first quarter is rising like the first quarter of 2021.  This follows the usual real estate market trend and we expect to see another hot market this summer. There’s also a significant lack of inventory and there are many eager buyers, driving prices up and heavily influencing our seller’s market. 

Bainbridge’s Market Still Favors Sellers

bainbridge-list-price-received

Everyone is feeling the fatigue of low supply, which persisted in the first quarter of 2022.  But we expect the market to warm up as we head toward our busy summer season. More real estate activity lies ahead, and if you’re thinking of selling, it’s a great time to do so. If you’re looking to buy, be prepared for the competition and know that having a local real estate agent at your side is extremely beneficial. 

Listing Price vs. Sale Price

listing-price-graph-bainbridge-market

As a result of low supply, average prices rose 6.5% when compared to this time last year. They are expected to continue to rise as Bainbridge’s buyers meet the pricing demands of sellers. And, the average sale price on Bainbridge Island is almost $1.5 million.

Insights from Our Chief Economist

Matthew Gardner, Windermere’s Chief Economist, shared his Top 10 Predictions for 2022 in one of his recent Monday with Matthew videos.  Here’s what Gardner predicts for 2022:

  1. Prices will continue to rise, though the pace of appreciation will slow. Gardner thinks it will be about 6% in 2022 versus the massive 16% rise of 2021.
  2. Spring will be busier than expected.  This will increase buyer demand, as buyers get more clarity in their new hybrid model combining remote and office work.
  3. The rise of the suburbs will also result from this work hybrid model.  Many buyers are moving within the same area they already lived in.
  4. New construction jumps since the cost to build has come down. 
  5. Zoning issues will be addressed.  
  6. Climate change will impact where buyers live. People will focus more on how safe a location is in relation to natural disasters.
  7. Urban markets will bounce back after the demand drop from Covid. 
  8. A resurgence in foreign investors will return since the travel bans were lifted last November. The demand will rise as long as our borders remain open.
  9. First-time buyers will be an even bigger factor in 2022.  This year, 4.8 million millennials will turn 30, the median age of American first-time buyers.  Additionally, first-time buyers will be looking for cheaper markets.
  10. Forbearance will come to an end and that will be okay. It was well thought out, and as Gardner says, “as of recording this video, there are now fewer than 900,000 owners still in the program.”  Hopefully, this continues to drop.

For additional information, check out Matthew Gardener’s Market Update by region.

Real Estate Market January 13, 2022

Fourth Quarter Market Review for Bainbridge Island

Bainbridge’s real estate market slowed down for the holidays during our fourth quarter.  The market still favors sellers due to low inventory, and homes are still selling above the asking price.  We’ve compiled key highlights to keep you in the know about our local market.

News on Sold and Pending Homes

bainbridge-sales-Q4

In the last five quarters outlined in the graph, 2021’s real estate market started with the usual growth trend into the summer.  Now, we’re seeing the seasonal downswing during colder months. However, home prices are still increasing due to demand and sold homes still outpace pending listings. The result is a strong seller’s market. In the 4th quarter of 2021, we had 86 closed sales, which is a 39.4% decrease, year over year.

Still a Strong Seller’s Market

bainbridge-list-price-Q4

Bainbridge Island real estate demand was at a record high in the fourth quarter of 2021.  With the new era of remote work, many Seattle homebuyers are seeking the quaint island feel that Bainbridge offers. If you want to learn more about Bainbridge Island, check out our free digital guide. If you’re interested in buying or selling, our local experts are here to help.

Listing Price vs. Sale Price

Although buyers continue to meet the competitive Bainbridge pricing, there just aren’t enough homes available right now. As you can see in the graph above, the averages of listing and sale prices are starting to converge as demand stretches the cost of housing even further in favor of sellers. In our 4th quarter, we saw a 19.4% increase in the average sale price on Bainbridge Island, putting it at $1.57 million.

Insights from Our Chief Economist

In his most recent Monday with Matthew, Windermere’s Chief Economist, Matthew Gardner, shares his market forecast for the coming year: “If everything goes according to my plan, you should expect to see the housing market start to move towards some sort of balance next year, but I am afraid that it will still remain out of equilibrium until at least 2023.”  Gardner reminds us that the transition back to a balanced market will be a gradual shift.

While Matthew ensures us that he “doesn’t see a housing bubble forming,” he goes on to say “it would be silly to say that there aren’t any issues in the housing market that concern me because there are and the biggest of which is housing affordability.”  There is definite cause for concern among the millennial generation as they start “thinking about settling down and, possibly, having children” Gardner explains. “I wonder how hard it will be for many of them to be able to afford to buy their first home.”  Millennials are currently the largest slice of the generational real estate market, so it will be interesting to see where affordability and demand intersect.

Overall, Gardner concludes with a high-level market analysis: “demand for ownership housing remains remarkably buoyant and, in fact, it is quite likely that demand may actually increase with the work from home paradigm that will start to gain momentum next year.”  With dependable demand, real estate continues to be an excellent investment. 

Community December 15, 2021

New Agent Spotlight: Kelsie Thurrott

A third-generation islander, Kelsie Thurrott has a background in counseling, marketing, and project management. Her varied skillset, local expertise, and excellent interpersonal skills make her a great advocate for buyers and sellers. We’re so glad she has joined us here at Windermere Bainbridge Island. Learn about her interesting background, community involvement, and more in our Q&A.

What drew you to real estate?

I’ve always loved looking at homes. My mom used to take me around to open houses on the weekends for fun and whenever a neighbor would list their home or I’d visit a new friend’s house we’d snoop on the county website to learn as much as we could about the place. Shortly after getting married, my husband and I went through a very rocky real estate transaction. It was through that experience that I learned how important it is to not only have a good agent represent you but one with integrity and your best interest at heart. I’ve always been drawn to professions centered around helping people and after having lived through such a trying transaction, I couldn’t shake the desire to learn the ropes and do it better, advocating for my clients so their memories of buying or selling their home are positive and rewarding.

What unique professional experiences or skills do you possess that enhance your abilities as a realtor?

My education and career in counseling gave me an incredible foundation in reading people, empathizing, listening, and advocacy. These are skills I bring with me in all aspects of life, and I find them invaluable in Real Estate. My ability to understand my client’s needs through each step of the transaction is imperative, and my insight into personality types gives me that extra edge when it comes to negotiations.

After switching careers to be closer to home, I took on a role in sales and marketing at the Bainbridge Athletic Club. I’d worked there in some capacity since the age of 16. I’ve always had a knack for marketing but initially, I thought I’d be awful in sales. I never felt comfortable pushing a sale. Whenever someone was on the fence, I’d send them away to think about it. I always encouraged them to check out the competition before making a decision. I wanted to be sure they were making the right decision for them to stick with a healthy workout schedule and lifestyle change. It was in this position that I was surprised to witness my natural compassion and connection to people serving as a key aspect in my success.

When we decided to start our family, I began working with my husband to grow our small island business, which specializes in metal fabrication. I have worn several hats, but my primary role in project management familiarized me with many of the ins and outs of home construction and renovation. I’ve formed valuable relationships with many of the builders on the Island and I’ve developed a meaningful understanding of the importance of collaboration.

My husband and I also went through an extensive remodel ourselves, so I have first-hand experience in the process and familiarity with permitting on Bainbridge.

What personality traits do you think are important in this profession?

I am a people person. When someone asks me about my hobbies I answer, “work and friends.” I have always held a hefty dose of empathy and have been referred to as a naturally kindhearted person. But if you have ever played pickleball with me you’ll see my fiercely competitive nature come out. I don’t like to lose, and I don’t like to be wrong, so I make sure I’m confident and fully prepared before stepping up to the table. I think all of these personality traits are important in this profession. But above all, I think the most important personality trait in Real Estate is integrity. You need to have the knowledge, tools, and the wherewithal to complete a transaction and negotiate the details, but integrity sets apart a good agent, from a great agent. My client’s needs are first and foremost. Their best interest stays top of mind and drives every decision.

Which areas do you serve and what do you love about them?

I serve Bainbridge Island and the greater Kitsap Peninsula. I love most things about the PNW. The fresh air, incredible hiking trails, exploring the Sound to name a few. I’ve lived here my whole life so I may be a bit biased and perhaps not well-traveled enough, but I truly believe in the magic of this place. The dark winters and yes, the rain can seem like a lot come February, but I think it’s that stretch of the season that makes the summers around here something truly special. I’m a cancer so for me, getting out on the water is the highlight of living here. We take our 1968 Hatteras to explore the peninsula and the San Juan Islands as frequently as we can. When we are home, we love playing on the beach or taking advantage of the numerous parks and trails our island has. Growing up in such a tight-knit community felt disadvantageous as a kid. But looking back, I am in awe at how lucky I am and I can’t imagine living anywhere else (although snow-birding in retirement isn’t completely off the table.) I’m fortunate to be surrounded by family, which makes staying an easy decision. I’m an islander through and through. I loved going to high school and having several of the same teachers that taught my mother. Now I get to walk the same trails with my children that I trotted down as a child. Both my husband and I grew up here and never left. I’m third generation and he is 5th so our roots run deep.

kelsie-thurrott-family

How are you involved in the community?

Owning a small business on Bainbridge Island gives us the opportunity to stay active in the business community. We do what we can to support local organizations and community projects. Last fall we had a special opportunity to partner with Urbanist Collective. Together, with a grant through the Kitsap Community Foundation, we organized a Unity in Community youth mural project. We donated our large gate as the canvas for the project. Urbanist Collective worked with a group of local youth to design an image to promote inclusiveness and love within our community. From there, a large group came together and participated in painting sections of the mural. Urbanist Collective taught parents and children of all ages about the art of spray paint and the technique of painting with that medium. It was a powerful weekend and a perfect representation of everything I love about our community.

What made you decide to work with Windermere?

I knew I wanted to work for a brokerage that promotes delivering value to its clients and the community as a whole. One that aligns with my morals and prizes “relationships, not transactions”. Windermere does just that. Rooted in service, Windermere cares about the people it serves and the community they live in. I’m proud that my work will benefit the Windermere Foundation. I feel lucky to be a part of an office that inspires.

Is there anything else you’d like to share with us?

Outside of business, I have a wonderful husband I’ve been with since high school, two rambunctious boys that we absolutely adore, and a large pup named Charlie. In my off time, I love boating, biking, gardening, and visiting with friends and family.

We are so happy to have Kelsie on our Windermere Bainbridge team. You can learn more about her through her website and her Facebook page

Community November 29, 2021

Our Community Involvement in 2021

We love Bainbridge Island and our community involvement is an important part of how we operate. So, we thought we would take a moment to share how our Windermere Bainbridge Island office has been involved this year. By doing so, we hope to spread awareness about some of the great events and non-profits that you can connect to and support as well.

Annual Support

We’ve proudly supported Bainbridge Youth Services (BYS) for years. Since 1962, they’ve worked hard to “promote the social and emotional well-being of adolescents and young adults” through a variety of services including free, confidential counseling, and peer tutoring.

Another youth-centered organization that we support on an annual basis is the Boys & Girls Club of Bainbridge Island. They offer a program for K – 4th grade and a separate middle school program for 5th – 8th grade. When the pandemic began, our local Boys & Girls Club chapter began offering discounted rates and extended out-of-school programming.

PAWS of Bainbridge Island and North Kitsap has been helping pets and their people for 45 years, and we love supporting their efforts. PAWS is a volunteer-based nonprofit animal welfare organization. Their services include pet adoption, spay/neuter assistance, pet retention counseling, humane care for elderly cats, and veterinary financial assistance. They have been helping cats and dogs find loving homes since 1975.

Community Events

Bainbridge Island’s Art Walk is a vibrant event, and we love participating in it. It happens the first Friday of every month and it’s a fun way to enjoy local artists’ creations and live music while having a bite to eat and chatting with neighbors and friends. This tradition is brought to you by the Bainbridge Island Downtown Association. This year, we moved our office to downtown Winslow Way, and we’ve loved highlighting local artists and musicians during the Art Walk. We will continue to do so in the new year.

Another fun event we look forward to each year is Shred Fest. It’s a free event where you can safely and securely shred old documents and recycle old electronics. We love to host this event because it helps people get organized and recycle. And, it’s always fun when friends and clients stop by.

Every year, all Windermere offices close for Community Service Day so that we can give back to the communities we serve. This year, some of us helped with the Bainbridge Island Land Trust, which works to “conserve and steward the diverse natural environments of Bainbridge Island for the benefit of all”. They’ve protected 1, 471 acres to date and provided 1,102 public acres. Additionally, we hosted an online fundraiser in an effort to further support Bainbridge Youth Services.

Every year, we participate in Pacific Northwest Title’s annual food drive. This year marked their 17th year. There are many in need in our community, and a food drive is an easy way to give back. In fact, in Kitsap County, approximately one-third of adults are food insecure and over a third of local children are in need of free and reduced lunch. Our local food banks serve about 48,000 residents per year.

This year we also supported Kitsap Humane Society‘s drive sponsored by Pacific Northwest Title, and we promoted Kitsap Humane Society for Kitsap Great Give. Dedicated to rescuing, rehabilitating, and rehoming pets, Kitsap Humane Society has been serving our community since 1908. It’s one of the leading animal welfare organizations in the Pacific Northwest. Last year alone, KHS rehomed 3,676 animals. Check out our video promoting Kitsap Humane Society, which features some of our agents and their pets.

 

Other fun events that we were happy to support this year include Hometown Halloween and the senior class graduation parade.

Additionally, a couple of our agents sponsored some of the studios for the Bainbridge Island Studio Art Tour. This free, self-guided tour celebrates locally made art. It’s a chance to appreciate local artisans, see works in progress, and purchase beautiful art. The Winter Studio Tour 2021 was December 3rd – 5th. If you weren’t able to attend, you can explore the featured artists’ work online.

Windermere Foundation, Bainbridge Island

A portion of every agent’s commission is donated to the Windermere Foundation of Bainbridge Island. All of our agents participate, and we’re also proud to be part of the broader Windermere Foundation. It impacts communities across 10 states and we’ve collectively raised over $41 million for programs that provide shelter, food, children’s programs, and more.

Every year, our Foundation awards two or three Bainbridge High School graduates a total of $6,000 in scholarships based on their community service, academic achievement, and financial need. We have also supported a variety of local nonprofits. This year we awarded grants to Peacock Family Services, Helpline House, Arms Around Bainbridge, Housing Resources Bainbridge, and Bainbridge Youth Services. All of these organizations strengthen our community, providing vital resources and support to those in need.

While we recognize that there are many different ways to give back, we’re proud of what we’ve done so far. If you’re looking to get more involved in our community, we hope this has sparked some ideas. We should note that our agents also support a variety of charities on their own. So this only reflects our office-wide community involvement.

Real Estate Market October 11, 2021

Third Quarter Market Review for Bainbridge Island

Bainbridge Island’s real estate market remains a strong seller’s market. In our third quarter, we continued to see homes sell above the asking price. We also saw a similar increase in average sale price when compared to this time last year. We’ve compiled key highlights to keep you in the know about our local market. 

third-quarter-market-stats-bainbridge

Bainbridge’s Competitive Market

Bainbridge Island continues to get more competitive for buyers in this third quarter.  Many home buyers want to live near Seattle while enjoying beautiful Bainbridge, and remote work trends have increased demand.  However, the volume of homes on the market decreased year-over-year, making our seller’s market that much stronger.  If you’re looking to buy, our Brokers can help guide you through this competitive market. They know this market extremely well, they know the nuances of Bainbridge’s neighborhoods, and they have excellent track records.

Market Data

In the last five quarters outlined in the graph below, the long-standing growth trend in sales volume is finally slowing.  Yet home prices are still growing and sold homes still outpace pending listings as a result of the increased economic demand.  As the season slows and inventory wanes, prices may level – effectively balancing out the market between buyers and sellers.  Or, at least they will start to shift toward a more balanced market.

q3 2021 sold pending graph

With our lower supply, we continue to see even higher prices. While many buyers are willing to meet the demands of Bainbridge Island’s pricing, there just aren’t enough homes on the market right now.  As you can see below, the averages of listing and sale prices are starting to converge as demand stretches the costs of housing even further in favor of sellers.

sale-listing-price-graph-q3-2021

Home Purchase Sentiment Index: Insights from Matthew Gardner

In his most recent Monday with Matthew video, our Chief Economist delivered a comprehensive analysis of the most recent Home Purchase Sentiment Index figures put out by Fannie Mae.  The data comes from a survey containing approximately 100 questions on housing-related topics. Fannie Mae collected 1,000 consumer responses from across the country. As Matthew Gardner says, “It’s the only national, monthly survey that’s focused primarily on housing.”

The survey shows that many Americans continue to think it is not a good time to buy because of the low supply and rapidly rising prices.  However, many feel it is a good time to sell as consumers predict home prices and mortgage rates will go down.  As Gardner explains, “most consumers continue to report that it’s a good time to sell a home, but a bad time to buy. They most frequently cite high home prices and a lack of supply as their primary rationale…However, the good time to buy component did tick up for the first time since March.”  While this is a recipe to shift towards a buyer’s market, we’ll see how things unfold in the coming months.

Gardner sums it up nicely: “The takeaways for me so far are that consumers tempered both their recent pessimism about home buying conditions and their upward expectations of home price growth.”  So again, we are seeing the potential for a shift toward a more balanced market.

Community September 23, 2021

New Agent Spotlight: Chris Miller

chris-miller-broker-quote

Although Managing Broker Chris Miller has extensive real estate experience, he’s new to our Windermere office but not to real estate on the island. So, we wanted to highlight him in our Q&A series. We’re delighted to have him. His expertise, fascinating background, and positivity are greatly appreciated.

What drew you to real estate?

I was drawn to real estate by the opportunity it gave me to run my own business and the freedom it gave me to give back to and be active in my community. It also afforded me the time to be the springboard diving coach on Bainbridge Island for almost 30 years.

What unique professional experiences or skills do you possess that enhance your abilities as a realtor?

My communication and organizational skills have been honed through successful production of events in a previous music career and concurrent athletic coaching career.  When presented with a challenge, I relish researching for true and accurate information from original, reliable, and proven sources.

What personality traits do you think are important in this profession?

I believe this profession calls for the sincere personality traits of honesty, reliability, attention to the details, and of course, good etiquette.

Which areas do you serve and what do you love about the area?

I primarily serve the Bainbridge Island and North Kitsap areas.  These are the places I know and understand.  I love that Bainbridge Island and North Kitsap are the “midway” between Metropolitan Seattle and the wilderness areas of the Olympic Peninsula.  It makes for a more relaxed pace of life and people seem more “grounded”.  I love Puget Sound and the mountains.

How long have you lived here and what brought you here?

I moved here with nothing but my backpack in 1988 after hiking the Pacific Crest Trail.  I stumbled on Bainbridge Island while taking a side track visit to the Hoh Rainforest. Back then Bainbridge Island reminded me very much of my hometown in the suburbs of NY near the New Jersey border, so I settled here under the notion of, “Go west young man, and seek thy fortune”.

How are you involved in the community?

Community involvement has been a big part of my life even as a child growing up.  I have been on the Bainbridge Island Grand Old 4th of July production committee since 1992, been the springboard diving coach on the island from 1991 to 2019, I am a Chamber of Commerce Board of Director for a third time, been on the Kitsap County Association of Realtors board for two terms in the past, been a past president of the retired BI Lions Club, created the first electronic recycling event on Bainbridge Island in 2007 with my Business Partner Bill Barrow, and through him, I’ve been an avid supporter of the BI Kiwanis Club and their scholarship programs over the years.

What made you decide to work with Windermere?

I decided to take my business practice and license to Windermere Real Estate Bainbridge Island because it reminds me very much of the very first office I worked at here on Bainbridge Island. Deschamps Realty is long gone now but taught me the importance of being a community-minded business. Being led by a Managing Broker who is integrated into the community and encourages the office to respect and support the community is a great catalyst.  The supportive culture of hardworking brokers and staff with the highest standards of professional practices and ethical principles is paramount.  It is a joy to come to work every morning at the crack of dawn and be surrounded by colleagues and staff who exercise mutual support.  Go Team!

Is there anything else you’d like to share with us?

You may recognize me from my real estate partnership with Bill Barrow over the past 20+ years.  He afforded me many opportunities and I loved working with him.  We worked well together.  He was not only my partner but one of my best friends.  Bill passed away on August 7, 2021, and I miss him very much.

 

We’re very fortunate to have Chris on our team. If you’d like to learn more about him, check out his very interesting bio; you’d be hard-pressed to find one that’s more unique.