• Home
  • my Blog
  • for Buyers
    • Buying on Bainbridge
    • Home Buyer Relocation Packet
  • for Sellers
  • the Community
    • the Community
    • Schools
    • Neighborhoods
    • Winslow
    • Bainbridge Island Ferry Commute
    • Recreation
    • Stay & Eat
    • Bainbridge Island Resources
  • about Me
  • just Sold
  • email Me

Bainbridge Island Real Estate Stats for 2011

  • Home
  • my Blog
  • Market Trends on Bainbridge Island
  • Bainbridge Island Real Estate Stats for 2011
North Town Loop on Bainbridge Island
My Top 10 Homes on Bainbridge Island | 2011
January 3, 2012
Spring, when many sellers will put their homes in the market, is just around the corner.
How the Dominoes Fall – the process of selling and buying
January 29, 2012
Show all
January 19, 2012
Categories
  • Market Trends on Bainbridge Island
  • Real Estate Business
Tags
  • bainbridge housing market 2012
  • Bainbridge Island Real Estate Market
  • Bainbridge Island Top Buyers Agent
  • Moving to Bainbridge Island
  • Relocating to Bainbridge Island

The radical real estate recovery we hoped for in 2011 never arrived.

2011 Year End Review

As real estate agents we entered last year full of optimism and hope that 2011 would usher in numbers far different from what we saw in 2010.  But, by the second quarter we realized there were not going to be any major positive shifts in our real estate market. We rebounded a bit in the third quarter and the fourth was slightly better than the same period in 2010.  But, overall, a pretty steady repeat of 2010, with home prices dropping even more.

In the end, the market mirrored its actions of the past few years, going up and down without ever really hitting its stride. The number of homes sold has increased each year since the 2008 trough (which is good news), but we are not seeing numbers anywhere close to where we were a decade ago . . . nor are we likely to for another decade.

2011 year end real estate stats for Bainbridge Island, WA
Blakely Students at Hey Day Farm on Bainbridge
Blakely Elementary Students harvesting potatoes at HeyDay Farms. The potatoes were used in school lunches throughout the district.

Reshaping our Community

Even though the number of homes sold has not changed much, there are a number of profound shifts taking place in our market. We are seeing more investors and families returning to our marketplace. The drop in our prices, while painful to sellers, has made our community more affordable to buyers. We are also seeing buyers with different “agendas” than before. Real estate is not the short-term money machine it was in the past. People are buying because they want the non-financial benefits that homeownership offers. They’re buying because they want to live in particular homes and build lives there. The amazing congruence of low prices and incredibly low interest rates is allowing people to recognize they can buy more than they could have in the past. They feel confident their purchases will make sense in the long run. They do not have the inflated financial expectations we had in the past. They are realistic about the costs, but prefer buying over the risks of renting.

Bainbridge Island Ferry Commute.
Cyclists unloading at the Bainbridge Island Ferry Dock.

Looking Around the Corner to 2012

Settling into the reality of our new norm, we do not expect any substantial changes in our real estate market in 2012. But there is an underlying optimism. There are buyers. They’re patient, savvy and tough . . .but they do act when they find what they want. Many sellers have become more realistic and have come to embrace the current conditions, as painful as they may be. Our regional economy is strong. If we can keep ferry prices from getting to a point where commuting costs are unacceptable, there is no reason to believe we will not fare as well as any premium ssuburb of Seattle.  And all the while we get to live in the best island community in the region.

Related posts

January 18, 2025

A Look Back at the 2024 Market & Ahead to 2025


Read more

Jen Pells' Top Ten Homes List for 2024

January 17, 2025

My Top 10 Homes on Bainbridge Island | 2024


Read more
January 16, 2025

Windermere’s Top 5 Predictions for 2025


Read more

Search

Subscribe to my blog by email

Latest from my Blog

  • A Look Back at the 2024 Market & Ahead to 2025
  • My Top 10 Homes on Bainbridge Island | 2024
  • Windermere’s Top 5 Predictions for 2025
  • My Top 10 Homes on Bainbridge Island | 2023
  • Changes to Real Estate Law in Washington

Tags

Active Listings Bainbridge Island Bainbridge agent Bainbridge Buyer's Agent Bainbridge homes bainbridge housing market 2009 bainbridge island Bainbridge Island Agent Bainbridge Island Buyer's agent Bainbridge Island Farmer's Market bainbridge island homes Bainbridge Island Housing Market Bainbridge Island Little League Bainbridge Island Neighborhoods Bainbridge Island Real Estate Bainbridge Island Real Estate Market Bainbridge Island Realtor Bainbridge Island Relocation Bainbridge Island Relocation Expert Bainbridge Island Top Buyers Agent Bainbridge Real Estate Best Bainbridge Agent Best Bainbridge Broker Best Bainbridge Buyer's Agent Best bainbridge island agent Best Bainbridge Island buyer's agent Buying a home on Bainbridge Life on Bainbridge Island Living on Bainbridge Island Moving to Bainbridge Moving to Bainbridge Island Neighborhoods on Bainbridge Island New Listing on Bainbridge Island new listings on bainbridge island New to Bainbridge Island Parks on Bainbridge Island Real estate on Bainbridge Island Recent sales on Bainbridge Island Relocating to Bainbridge Island Things to do on Bainbridge Things to do on Bainbridge Island Top bainbridge agent Top Bainbridge island Agent Top Bainbridge Island Buyers Agent Windermere Bainridge winslow way

Categories

  • Activities
  • Beyond Bainbridge
  • Coffee
  • Community
  • Events
  • Happy hour
  • Home Tours
  • Homes
  • Listing
  • Market Trends on Bainbridge Island
  • Miscellaneous blog post
  • Moving
  • Neighborhoods
  • Open Houses
  • Parks
  • Personal
  • Photos
  • Real Estate Business
  • Restaurant
  • Schools
  • Shopping
  • Top 10 Homes
  • Top 5
  • Uncategorized
Jen Pells Logo

206.718.4337
jennifer@jenniferpells.com

249 Winslow Way, East
Ste. #400
Bainbridge Island, WA 98110

Windermere Logo

Windermere Real Estate / BI, Inc.

© 2025 Jen Pells. All Rights Reserved.