Market Trends on Bainbridge Island
Market Trends and Housing Data for Bainbridge Island, WA.
January 27, 2024
Looking back on 2023, it resembles one of the most “normal” years in real estate in a long time. But, the new normal, right? Interest rates crept up and peaked at 8% and that kept inventory low. Many of the sellers who sold really had to sell for a big […]
January 1, 2024
Effective January 1, 2024 Significant changes are on the horizon for real estate laws in Washington, coming into effect on January 1, 2024. This marks the most substantial revision to the agency statue since its inception in 1997, addressing the evolving real estate landscape. The revamped pamphlet formerly known as […]
December 30, 2023
1. Still no housing bubble This was number one on my list last year and, so far, my forecast was spot on. The reason why I’m calling it out again is because the market performed better in 2023 than I expected. Continued price growth, combined with significantly higher mortgage rates, might suggest […]
February 3, 2023
Hear from Windermere’s Chief Economist, Matthew Gardner, for his take on the 2023 Housing Market. 1. There Is No Housing Bubble Mortgage rates rose steeply in 2022 which, when coupled with the massive run-up in home prices, has some suggesting that we are recreating the housing bubble of 2007. But […]
January 14, 2023
In my real estate world 2022 started off a lot like 2021, but when summer rolled around, the crazy market we were simultaneously starting to get used to and tired of, finally started to shift. The market we knew could NOT last forever, finally SLOWED DOWN. You will recognize some […]
January 27, 2022
In my real estate world 2021 seemed to fly by. I think many of us felt like 2021 was more of a 13th month to 2020 versus a new year. Although we were optimistic for 2021 to bring us big, positive changes, many things remained the same. That was very […]
February 8, 2021
How Competitive Is It Right Now? The 2021 Real Estate Market is waking up on Bainbridge Island and the first listings out the gate are proving that buyers are still motivated to move to Bainbridge. In 2020 we were seeing more ‘typical homes’ have 5-8 offers and a really hot […]
January 11, 2021
2020 . . . Kept Us On Our Toes The 2020 Bainbridge Island Real Estate Market was the year of 180’s. The year that the Island did not follow typical historical/seasonal trends and the year that was predicted to have a 6-8% increase in home values, yet ended the year […]