Kitsap

Slow Summer Days | Millenials May Drive the Market

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Forbes has 6 expert predictions for the second half of 2019:

·         Millennials will drive the market
·         Inventory will improve but not by much
·         Home prices are headed up
·         Mortgage rates will stay low
·         Buyers can take their time in this market
·         Some markets will provide better home buying opportunities than others 

37%

Of All Homebuyers Last Year Were Millennials

This is a prime home buying season for millennials. According to National Association of Realtors (NAR), 37% of all home buyers last year were made up of millennials. The slow down of the housing market has given millennials the opportunity to afford home ownership. According to Forbes’ predictions, housing prices are still expected to rise, but the current low mortgage rates have helped improve the affordability for home buyers. The housing market has become less competitive, and bidding wars have decreased drastically compared to the last several years. Now, buyers don’t feel rushed to close on a deal. Housing conditions continue to vary by market.  Depending on what kind of house you’re looking for and the location, some cities might offer home buyers more affordable bargains due to the change in the regional housing markets. 


Been Thinking of a Summertime Move?

If you’ve been considering buying a home, now’s the time to connect with a real estate agent who really gets the local market. Give me a call if you’d like to grab a cup of coffee and chat about your options!”


Happy 4th of July!!

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Have a safe and happy 4th of July!!


Bainbridge Island won’t be offering a fireworks show this year, according to the Bainbridge Review. But Kitsap County is still flush with places to find your sparkly lights; just remember to bring warm clothes, something to sit on, comfy blankets and some of your favorite people!

The Incredible Edible....Garden

I never understood why Mary in the Mother Goose rhyme was so contrary, but even she put some planning into it.

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This month, Houzz.com contributor, Rebecca Cuttler, writes about getting your hands into the soil and growing beautiful plants that are edible too! Whether you’re starting a new garden or returning to a well-established one, here in the Pacific Northwest, the planting and reaping seasons are year round and planning is very necessary. And a beautiful garden makes for luxurious curb appeal and pride of ownership - a worthy investment in any home!

2016 Kitsap County and Bainbridge Island Market Recap

2016 Kitsap County and Bainbridge Island Market Recap

A record year for Realogics Sotheby’s International Realty and Seattle real estate in general. The recent 2016/2017 Market Report | Year End & Trends publication highlights the championing counties and neighborhoods from the previous calendar year. A brief glance at this report and you can see that our entire Western Washington region has seen an increase in home values.

Market Spotlight: Bainbridge Island

Bainbridge Island in Kitsap County includes Port Madison, Rolling Bay, and dozens of other small communities, as well as the historic town of Winslow. The island’s Bainbridge High School and Eagle Harbor High School are both ranked among the top public high schools in the state by U.S.News & World Report.85 The population has held relatively steady at just over 23,000 since 2010.86 Despite its proximity to Seattle by ferry, Bainbridge Island’s 27.6 square miles available as living space render a population density of only 847 persons per square mile (psm). This is 59 percent less concentrated than Tiburon in California’s San Francisco Bay Area (2,065 psm), and even 39 percent less dense than Anacortes in Skagit County (1,388 psm). Accordingly, 80.8 percent of Bainbridge Island’s housing stock remains single-family.

The island has been a seller’s market since October 2014, and monthly supply spent most of 2015 below two months. The months in inventory As in many other exurban locations, prices tend to be more volatile on Bainbridge Island, as seen in these charts. Yet here again, the island benefits as a bedroom community to Seattle: the median price rose by double digits in each of the past two years, and in 2015 was 137.9 percent higher than the Kitsap County median. In 2014, seller price concessions were more common on Bainbridge Island than later in the past year, underscoring the need for a comparative market analysis and professional guidance when pricing a property for sale.