Things, they are shifting . . . a bit. We are still in a seller’s market and sales are brisk and sellers are happy and buyers are a bit more happy because they are not ALWAYS in multiple offer situations. Take a closer look at the KITSAP numbers in the GARDNER REPORT below. Click on each page to see a blown up version.
Daily, at the gym and the grocery store, people want to know about the market. We are a small, niche market and even those not in it daily can feel the slight change happening.
The largest shift I am feeling right now is that many, many, empty-nesters in the larger homes on an acre-plus have listed their homes this year. I thought we would see more of that last year but this year those homes really arrived on the market and the $1.1-$1.3M range of the market is feeling the “flood” of listings.
As of today we have 116 homes on the BAINBRIDGE ISLAND market
21 are between $1.1-$1.3M
76 are above $1M
Only 26 are below $800K and several of those are what many of us consider townhomes
Buyers have options in all price ranges and when they do, they are choosy and specific. That is a refreshing shift. When I have my buyer’s agent hat on it is a fun day. I love that buyers have 5-8 great options to consider and can make an under-asking offer. When I have my seller’s agent hat on I say, prepare, prepare, prepare and get ahead of the pack.
All in all, it is about strategy and timing. We are a very-seasonal market here and our end-of-summer slow down is beginning too. How can that work for you as a buyer or seller? We all have our own specific ways of getting our clients to closing day. I am having a fun, busy summer, with buyers and sellers. If you are curious about how this current market can work for you, let’s chat.