Arthur’s Bainbridge Island Real Estate Blog

Bainbridge Island Market Update Year-To-Date

Arthur Mortell, Bainbridge Island Realtor — Wed, 09 May 2012 13:02:00 GMT

Statistics:

Residential Units on the Market: 176. Down from 201 on March 27th and down from 245 on September 27th

Condos on the Market: 43. Down from 63 Units on September 23rd

Vacant Parcels on the Market: 61

Closed Residential Sales Year-to-Date 2012: 97

Closed Residential Sales for Same Period 2011: 78 We are following this trend closely

Homes Currently Under Contract (Pending Sale): 73 Holding Steady from Early April

Closed Condo Sales Year-to-Date 2012: 21

Closed Condo Sales for Same Period 2011: 24

Condos Currently Under Contract (Pending Sale): 15

Sold Vacant Land Year-to-Date: 7 No Change for the past 30 days

Pending Sale Vacant Land 8 Up by three from early April

Sold Vacant Land all of 2005: 69

Residential Sales: 2005 - 2011 - Median Price and Average Days on Market

2011... 257 $493,000 average days on market 155

2010... 255 $540,000 average days on market 132

2009... 212 $546,000 average days on market 198

2008... 186 $589,000 average days on market 161

2007... 331 $680,000 average days on market 98

2006... 350 $673,750 average days on market 98

2005... 397 $650,000 average days on market 91

Breakdown of Residential and Pending Sales Year-to-Date

000 to 100 thousand Sold 0 Pending 0

101 to 200 Sold 3 Pending 0

201 to 300 Sold 11 Pending 17
301 to 400 Sold 17 Pending 10

401 to 500 Sold 13 Pending 16

501 to 600 Sold 9 Pending 10
601 to 700 Sold 13 Pending 10

701 to 800 Sold 4 Pending 3

801 to 900 Sold 4 Pending 7

901 to 1Mil Sold 3 Pending 4

1.0 to 1.2Mil Sold 6 Pending 4

1.2 to 1.4Mil Sold 6 Pending 4

1.4 to 1.6Mil Sold 0 Pending 0

1.6 to 1.8Mil Sold 1 Pending 1

1.8 to 2.0Mil Sold 3 Pending 0

2.0 to 2.5Mil Sold 4 Pending 0

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Coldwell Banker Branded Websites Remain Most Visited

Arthur Mortell, Bainbridge Island Realtor — Tue, 27 Mar 2012 14:27:00 GMT

With over 91% of buyers beginning their home search on the internet, it is more important than ever to list your home with the one Real Estate Brokerage that assures maximum global exposure for your property, Coldwell Banker! Internet marketing is everything in today's market.

PARSIPPANY, N.J. (Jan. 26, 2012) – According to Nielsen and comScore Media Metrix, the two global leaders in digital measurement, Coldwell Banker branded websites had the highest number of unique visitors among all national real estate franchise brands for full-year 2011. This marks the second consecutive year that the Coldwell Banker brand ranked No. 1 in Web traffic among all real estate franchisors.

“The Coldwell Banker brand is clearly top of mind when consumers go online and search for a home,” said Michael Fischer, chief marketing officer, Coldwell Banker Real Estate LLC. “Consumers know our great brand and have shown a desire to utilize the suite of online tools seen throughout the Coldwell Banker network at the national and local levels.”

According to Nielson, Coldwell Banker websites had 17.5 million unique visitors in 2011, which was more than 28 percent higher than the next nearest franchise brand competitor (13.7 million). Similarly, Coldwell Banker branded websites (26.1 million unique visitors) had the highest Web traffic ranking among real estate franchisors in the comScore Media Metrix full-year ranking for 2011, easily outpacing its next nearest competitor by 21 percent (21.6 million unique visitors).

The Coldwell Banker brand continues to place an emphasis on developing its website into a hub for consumers to find and prepare for the home buying and selling process. Recent additions include thelifestyle search page and first time home buyer resource center.

Coldwell Banker Real Estate LLC accessed the aforementioned information through its subscription to both Nielson and comScore Media Metrix. The rankings encompass all consumer Web traffic (unique visitors) to national and local websites operated by the franchise brands as well as by their franchisees.

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Coldwell Banker University is #1

Arthur Mortell, Bainbridge Island Realtor — Tue, 14 Feb 2012 18:15:00 GMT

February 14, 2012

Coldwell Banker University is #1!

Coldwell Banker University has gained a major honor. Training Magazine unveiled its prestigious Top 125 list last night in Atlanta. Coldwell Banker University ranked #1 for all real estate brands - a whopping 64 spots ahead of our nearest real estate competitor. Overall, Coldwell Banker University placed #9 for all industries in the top 10 with the likes of Verizon and McDonald's!

Coldwell Banker University has more than 80 breakout sessions at the coming Generation Blue Experience. Learn from the best!

Here is how we stack up:

Coldwell Banker #9
Keller Williams #73
Century 21 #96
ReMax #108

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Ferry Ride Away from the Seattle Symphony

Arthur Mortell, Bainbridge Island Realtor — Sun, 12 Feb 2012 21:04:00 GMT

When Dinah and I moved our family to Bainbridge Island from Los Angeles, we fantasized the kind of day we experienced today!

New York Times and Coffee in bed; Dinah off to ride her horse at Barnaby Stables, here on the island, while I feed the kids; have them join me on their bikes for a run in the Grand Forest; kick the soccer ball around for a bit; meet up with Dinah and head down to town to make the 12:10 Ferry to Seattle.

We gave ourselves enough time to relax and meander on the way to Benaroya Hall for the following program:

Pictures at an Exhibition

Roberto Abbado, conductor
David Gordon, trumpet
Seattle Symphony

Stravinsky: Scherzo à la russe
Jolivet: Concertino for Trumpet
Haydn: Symphony No. 93 in D major

Mussorgsky: Pictures at an Exhibition

http://www.seattlesymphony.org/symphony/

Our twin ten-year-old boys, Desi and Oliver joined us and on the ferry we ran into one of their friends who asked if he could join us. Fortunately we had an extra ticket and Christopher was (in his mind) saved from going to the Garden Show with his family.

I took this picture of the hall after we explored, following one of the greatest concerts I've been to.

This is one of my favorite concert halls. I have yet to find myself in a "bad seat"... We had seats in row ff of the orchestra and paid $48/ticket for the two of us. Benaroya Hall comps children, so our total was $96.

The concert began at 2:00 and ended around 4:00.

We walked into downtown, did some shopping and then ate at a new Mexican Restaurant that has expanded its franchise out of Los Angeles: Chipotle (3rd Ave and University http://www.gelatiamo.com/ourstore.html). Organic meat, veggies; simple menu... fresh and tasty. For the five of us, the bill came out to $44.00.

We strolled back to the ferry and stopped at Gelatiamo (3rd and Union, caddy corner to Benaroya Hall and across the street from my favorite restaurant, Wild Ginger - http://www.gelatiamo.com/ourstore.html), where we indulged in double scoop gelatos that were Molto Bene!

Okay, we also had a couple of custard filled pastries with a side of fresh whipped cream and espresso.

We left ourselves enough time to take it easy on the way back to the 6:20 ferry back to the island.

I took a few photos along the way: a couple of women on their phones at the ferry terminal and the glowing Port of Seattle.

Seattle is only a 35 minute ferry ride from Bainbridge Island, and it's fun, relaxing and sometimes very social. We are so fortunate to live here!

The Port of Seattle taken from the ferry.

Two women heading home, texting their friends
"we found the brooms we've been looking for"

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SOLD! In-Town, Wing Pt Waterfront Home!

Arthur Mortell, Bainbridge Island Realtor — Sat, 28 Jan 2012 15:59:00 GMT

7254 Madrona, Bainbridge Island. www.MovingToBainbridge.com/307036

In-Town Waterfront Just Reduced from $819,000 to $769,000

Call 206-780-6149 to make an appointment to see this Great Value!

Wing Pt area home with stunning views of Mt Rainier, the Seattle Skyline & Shipping Lanes. Deep lot with meandering driveway to a Hal Moldstad architectural beauty. New Roof & Exterior Stain. Wonderful attention to detail w/clear grain vertical fir inside & out; h/w floors; upstairs Master Suite w/2nd bedroom (ideal suite arrangement), plus a main floor guest room. View Decks on both west & east sides of home. Area of finer residences, close to town & ferry. Ready for your creative touch!

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Bainbridge Island Real Estate Market 2011 Wrap-up

Arthur Mortell, Bainbridge Island Realtor — Thu, 05 Jan 2012 16:57:00 GMT

(Inventory Update as of 1/25/12: 170 Residential Units on the Market. SOLD YTD: 8 PENDING: 31 homes. CONDOS: 48 on the market. SOLD 3. PENDING: 9)

2011 Market Wrap-Up for Bainbridge Island!

2011 started off slow and then picked up in June, with buyers taking advantage of fresh inventory in the median. Our median dropped to $493,000 from $540,000 in 2010. Homes priced over $700,000 faced a dearth of buyers; many seller's in this range pulled their homes off the market and rented, or relented to downward pressure and made adjustments, finding their price points.

Sales of higher end homes seemed to pick up when the DOW, Nasdaq and S&P presented as less volatile, with growth in the DOW, resulting in many Cash Buyers for homes priced over 1 million.

The general sense among Island Brokers is that 2012 will see a stronger year in volume, with continued depreciation for homes priced above the median and some price stabilization in the median. In truth, it's impossible to know. Things could change in a heartbeat for the better, for all price ranges.

Georg and I have seen a marked increase in sales of our listings. We are also working with a number of buyers searching for homes in most price ranges. Traffic to MovingToBainbridge.com is steady, with an average of 300 visitors per day.

STATISTICS:

Residential Units on the Market as of 1/5/12: 168, down from198 on Dec 14th and from 245 on Sep 27th

Condos on the Market, 47, Down from 63 Units on September 23rd

Vacant Parcels on the Market, 48, down from 62 on Dec 14th.

Closed Residential Sales Year-to-Date 2011: 257

Closed Residential Sales for 2010: 255

Homes Currently Under Contract (Pending Sale) 31

Closed Condo Sales for all of 2011 67

Closed Condo Sales for 2010 52

Sold Vacant Land for all of 2011 20

Sold Vacant Land YTD 2005 69

Residential Sales: 2005 - 2011 & Median Price

2011... 257 $493,000 average days on market 155

2010... 255 $540,000 average days on market 132

2009... 212 $546,000 average days on market 198

2008... 186 $589,000 average days on market 161

2007... 331 $680,000 average days on market 98

2006... 350 $673,750 average days on market 98

2005... 397 $650,000 average days on market 91

Breakdown of Residential and Pending Sales 2011

000 to 100 thousand Sold 8 Pending 0

100 to 200 Sold 8 Pending 1

201 to 300 Sold 40 Pending 9
301 to 400 Sold 71 Pending 9

401 to 500 Sold 50 Pending 5

501 to 600 Sold 56 Pending 3
601 to 700 Sold 24 Pending 2

701 to 800 Sold 15 Pending 1

801 to 900 Sold 9 Pending 0

901 to 1Mil Sold 4 Pending 2

1.0 to 1.2Mil Sold 6 Pending 1

1.2 to 1.4Mil Sold 4 Pending 2

1.4 to 1.6Mil Sold 6 Pending 0

1.6 to 1.8Mil Sold 0 Pending 1

1.8 to 2.0Mil Sold 3 Pending 0

2.0 to 2.5Mil Sold 2 Pending 0

2.5+ Sold 2 Pending 1

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Bainbridge Island Market Update as of December 14, 2011

Arthur Mortell, Bainbridge Island Realtor — Wed, 14 Dec 2011 13:16:00 GMT

It looks like we will end the year with a slight increase in residential and condo sales. Sellers with Homes priced over $700,000 find themselves in an extremely soft market, while there are some tremendous values in this range! The lower price ranges, our gateway pricing on the island, is doing very well.

Georg and I have seen a dramatic uptick in our sales, with five homes currently under contract. We are also working with very well qualified buyers. Traffic to www.MovingToBainbridge.com is steady with large weekend spikes. Also, the number of buyers signing up for our "auto search", alerting them to new inventory via e mail, has tripled.

Statistics:

Residential Units on the Market 198 Down from 245 on September 27th

Condos on the Market 52 Down from 63 Units on September 23rd

Vacant Parcels on the Market 62

Closed Residential Sales Year-to-Date 2011 242

Closed Residential Sales for Same Period 2010 255

Homes Currently Under Contract (Pending Sale) 33

Closed Condo Sales Year-to-Date 64

Closed Condo Sales for Same Period 2010 53

Sold Vacant Land Year-to-Date 20

Sold Vacant Land YTD 2005 69

Residential Sales from 2005 to 2010

2010... 255

2009... 212

2008... 186

2007... 331

2006... 350

2005... 397

Breakdown of Residential and Pending Sales Year-to-Date

000 to 100 thousand Sold 2 Pending 0

100 to 200 Sold 8 Pending 0

201 to 300 Sold 23 Pending 11
301 to 400 Sold 47 Pending 5

401 to 500 Sold 44 Pending 5

501 to 600 Sold 51 Pending 2
601 to 700 Sold 21 Pending 2

701 to 800 Sold 15 Pending 1

801 to 900 Sold 8 Pending 1

901 to 1Mil Sold 3 Pending 1

1.0 to 1.2Mil Sold 6 Pending 1

1.2 to 1.4Mil Sold 2 Pending 4

1.4 to 1.6Mil Sold 5 Pending 0

1.6 to 1.8Mil Sold 0 Pending 0

1.8 to 2.0Mil Sold 3 Pending 0

2.0 to 2.5Mil Sold 2 Pending 0

2.5+ Sold 2 Pending 0

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Writing an Offer on a Short Sale Property

Arthur Mortell, Bainbridge Island Realtor — Fri, 18 Nov 2011 12:47:00 GMT

Definition of a Short Sale: The Real Property is encumbered for more than it's value AND the Seller does not have the assets to pay the difference
between the value and the debt (nwmls)

Writing an Offer on a Short Sale

What I have learned when representing the Buyer: A few helpful Questions to ask the Listing Agent:
1) how many banks are involved. Remember that the first position takes precedence but the 2nd position can sabotage the sale.
2) has the seller and seller's broker submitted the entire short sale package to the bank?
3) has the bank ordered and received the Brokers Price Opinion - Valuation of the Property? this can happen before or after a contract is negotiated between you and the seller.
4) is the listing agent in direct contact with the Bank's negotiation team? - one person in particular or is the listing agent working with a B of A online system such as Equator? Equator is a web based program that manages all documents and communication. The Listing Agent will be working with customer service over the phone and a negotiator online. Often times, the customer service rep will put the listing agent in touch with a Team Leader if there is a glitch or hold-up in the process.
5) does the listing agent have 3rd Party Approval to speak with the bank?

6) Has the bank scheduled a Trustee's Sale? The trustees sale is recorded to title. Any postponement of the Trustees sale is not recorded and must be verified directly with the Trustee. If a Trustees Sale is scheduled and you really want this property, ask the listing agent to make an effort to postpone.

7) Has the Seller hired Third Party Negotiator?

What you need to provide:

- "proof of ability to complete the purchase"

- Patience!

You will write an offer. You will negotiate with the Seller. Once you come to terms, the Seller will submit the contract to the bank. If the bank chooses to move forward with your contract, you will receive "Lender's Consent" and a Form 90ss (notice that Lender's Consent has been received - from the Listing Agent. You want to see the "Lender's Consent" which dictates final conditions of the sale.

It is only when you receive Lender's Consent that computation of time begins and the contract's contingencies go into effect. Keep in mind, you may have certain contingencies go into prior to Lender's Consent. I recommend that you invest in the inspection prior to writing the offer. It is important to know what you are getting into and you can ask for repairs from the bank at the beginning of the process.

Many banks do not require that the seller submit all offers. I just closed a sale, on the listing end, with Citibank and they did not require that we submit all contracts. I have another seller in contract; their bank is B of A which did not require that additional contracts are submitted. When I represent the Buyer, I make sure that the Short Sale Addendum stipulates that the bank will not accept additional contracts. I have yet to have a bank argue with me. Though I did present an offer on a short sale just today where we could not do this because they already had an offer in to their bank.

There is more to this, but the above represents the broad strokes! And always remember, Consult with an Attorney!

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Bainbridge Island, New to the Market Luxury Waterfront Home

Arthur Mortell, Bainbridge Island Realtor — Fri, 18 Nov 2011 12:34:00 GMT

4598 Point White Dr NE, Bainbridge Island

mls #295070

Living Room Windows with Transoms for a great western exposure.

The Best of Island Living! Beautiful Pleasant Beach Village Waterfront. Want to dine & relax? Stroll to one of three restaurants. Catch a film or play billiards. Retire to your private, luxury waterfront retreat featuring a high-end kitchen ï¿½ new range & high end appliances - with elegant waterfront dining; a spacious living room with a fireplace; a waterside Master Suite with vaulted ceilings and balcony and a guest suite with French Doors, vaulted ceilings and skylights.

Clear vertical-grain-trim, cabinetry, doors & mill work; hardwood floors & tall ceilings grace this special home!

First time on the market since original purchase: Offered at $839,000 Call us for a private showing of this great value!

View to the Foyer, Living, Dining and Kitchen

Western View to Sunset

View to Kitchen & Living Room

View to Living and Kitchen

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My Kids' Cookies: A Bainbridge Island Favorite

Arthur Mortell, Bainbridge Island Realtor — Sun, 06 Nov 2011 21:53:00 GMT

One of Bainbridge Island's Great Success Stories is Winslow Way's, My Kids' Cookies! A longtime island favorite, founded by former resident, Barbara Reininger. Laura Shields, the new owner, is now serving crepes, creative, fresh baked goods recipes and is reaching out to the community with her successful fundraising Cookie Dough Drive for Bainbridge Island Youth Soccer.

I encourage you to visit Laura's bakery at 400 Winslow Way East, #115. visit her website at www.mykidscookies.com and check out the great gift packages.

Delicious cookies that inspire delicious memories

With your first bite of a My Kids Cookies you're whisked back to the days of warm chocolate chip cookies and cold milk waiting for you on the kitchen table after school. Handmade gourmet cookies freshly baked by a mom for a taste of nostalgia. We are not just for kids. My Kids Cookies bakes scrumptious chocolate chip cookies, brownies, muffins and lots more cookie flavors for everyone to enjoy.

TREAT SOMEONE TO THE PERFECT TREAT. A gift box of My Kids' Cookies is the sweetest gift you can give to anyone for any reason - Mothers Day gifts, anniversary gifts, birthday cookie gifts, congratulations, housewarming gifts, party favors, get well gifts, thank you gifts, college cookie care packages, sympathy gifts, holiday gift baskets, corporate gift baskets, retirement gifts, just because - or you can give them for no reason at all.

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Historic Bainbridge Island Equestrian Estate Now For Sale!

Arthur Mortell, Bainbridge Island Realtor — Fri, 21 Oct 2011 14:03:00 GMT

Simply one of the greatest opportunities ever seen on Bainbridge Island. This is a Must See, First Class Equestrian Property, the likes of which cannot be found in the entire region.

Georg and I would love to represent you in the sale of this remarkable property, listed with our office, Coldwell Banker and Marilyn Allen, Broker.

Schedule a showing Today! Call Georg at 206-780-6153 or Arthur at 206-780-6149 or e mail georgsyv@aol.com or arthur.mortell@coldwellbanker.com

Cottingham Farms

To See a photo gallery and and aerial map of this property, please visit

www.MovingToBainbridge.com/286326

49+ Acres with a Private, Gorgeous Lake.

The Property is Bordered by the Grand Forest, ensuring Peace and Privacy.

Nearly every room of the main house overlooks a gentle country still-life of meadows, grazing horses orchards, manicured grounds & multiple outbuildings. 3 miles to ferry; 45 min. to Seattle.

The Lake is Spring Fed and is surrounded by riding and grazing grounds.

3BD/3BA Timeless Design with

5382 Square Feet, a 3 car garage & view deck

51 Indoor Stalls with an Indoor, Heated Arena

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SOLD! Our Beans Bight Waterfront Luxury Listing!

Arthur Mortell, Bainbridge Island Realtor — Fri, 14 Oct 2011 22:33:00 GMT

We are pleased to announce that, as of 10/14/2011, our listing at

1850 Beans Bight Dr has SOLD!

List Price is $2,875,000

4523SF 3BD/3.25BA .83 Sunny Acres on 106+/- sandy low bank waterfront. The exquisite 2009 renovation of this Hal Moldstad Designed Residence is only matched by the Beauty of Bainbridge Islandï¿½s secluded Beans Bight, an exclusive enclave with stunning views to Seattle, Mt. Rainier & the Sound. This is a ï¿½breathe easyï¿½ home, with wide open spaces, tall ceilings & multi-purpose rooms & Teak, Travertine, Limestone, Granite & Porcelain tile floors w/radiant heat. A true value in today's market.

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Bainbridge Island Real Estate Market Update YTD September 27, 2011

Arthur Mortell, Bainbridge Island Realtor — Tue, 27 Sep 2011 17:57:00 GMT

Bainbridge Island Real Estate Market Update 2011 Year-to-Date

We have seen a slight uptick in sales for homes priced up to $500,000 and condo sales are a bit higher than YTD 2010. We are close to dead even in sales for 2011 but the market is still seeing varying degrees of depreciation, steepening as the price point increases.

Georg and I have seen an uptick in our sales, with five homes currently under contract. Sales for our office have also picked up. Traffic to www.MovingToBainbridge.com is steady.

Statistics:

Residential Units on the Market 245 Down from 280 Units on August 23rd

Condos on the Market 63 Down from 65 Units on August 23rd

Vacant Parcels on the Market 69 Up from 66 Parcels on August 23rd

Closed Residential Sales Year-to-Date 2011 190

Closed Residential Sales for Same Period 2010 193

Homes Currently Under Contract (Pending Sale) 49

Closed Condo Sales Year-to-Date 51

Closed Condo Sales for Same Period 2010 44

Sold Vacant Land Year-to-Date 18

Sold Vacant Land YTD 2005 69

Residential Sales from 2005 to 2010

2010... 255

2009... 212

2008... 186

2007... 331

2006... 350

2005... 397

Breakdown of Residential and Pending Sales Year-to-Date

100 to 200 thousand Sold 14 Pending 4

201 to 300 Sold 30 Pending 9

301 to 400 Sold 57 Pending 12

401 to 500 Sold 35 Pending 8

501 to 600 Sold 43 Pending 4

601 to 700 Sold 21 Pending 3

701 to 800 Sold 12 Pending 3

801 to 900 Sold 6 Pending 1

901 to 1Mil Sold 3 Pending 0

1.0 to 1.2Mil Sold 4 Pending 1

1.2 to 1.4Mil Sold 1 Pending 2

1.4 to 1.6Mil Sold 3 Pending 1

1.6 to 1.8Mil Sold 0 Pending 1

1.8 to 2.0Mil Sold 3 Pending 0

2.0 to 2.5Mil Sold 1 Pending 0

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Number of Visitors to MovingToBainbridge.com Grows Dramatically!

Arthur Mortell, Bainbridge Island Realtor — Mon, 19 Sep 2011 08:08:00 GMT

Georg and I have been working very hard to assure that Buyers are being drawn to our website; increasing the number of hits and showings for our clients properties. When we first launched www.MovingToBainbridge.com, we had as few as 10 visitors per day. We then invested in Search Engine Optimization, which was helpful, but what has really increased the number of visitors to our site is "time and money". We have quadrupled our capital investment in print advertising for our clients with a monthly, full page ad in Homes and Land Magazine; a weekly full page color ad in the Bainbridge Islander and a weekly, half page color ad in the Bainbridge Review. We are also running regular ads in the Bellevue and Kirkland Reporters, the Washington Athletic Club Magazine and the Puget Sound Business Journal. For every listing, we provide the buyer with a direct link to that property, so they can easily visit our site; view photos, read additional marketing remarks and contact us for a showing. Print Advertising Works but it works much better when coordinated with an effective website advertising campaign.

We are also investing in enhancing the presence of our listings on popular Real Estate Sites such as Zillow.com, Trulia.com, LuxuryRealEstate.com, HomesandLand.com, Realtor.com, the DuPontRegistry, the New York Times and Wall Street Journal. We have added www.MovingToBainbridge.com to the marketing remarks, allowing buyers the opportunity to learn more about our clients properties and the opportunity to e mail or call The Expert on that property (us!) rather than an unaffiliated Broker.

Vigilance, Creativity and Financial Investments are the keys to successful internet marketing. I am going to update this graph every few weeks, showing the number of actual Visitors to www.MovingToBainbridge.com. Please give me a call if you would like more information about our marketing strategies.... 206-310-1471

visitors between Sep 10 and 18th


	11

192



	12

201



	13

303



	14

194



	15

420



	16

814



	17

225



	18

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Bainbridge Island Market Update as of August 23, 2011

Arthur Mortell, Bainbridge Island Realtor — Wed, 24 Aug 2011 14:22:00 GMT

Bainbridge Island Real Estate Market Update 2011 Year-to-Date

We would welcome the opportunity to help you determine the fair market value of your home. Please visit the Selling link at MovingTobainbridge.com to learn about our sophisticated internet and print marketing strategy or give us a call today!

Residential Units on the Market 280 Unchanged from July 26th

Condos on the Market 65 Up one from July 26th

Vacant Parcels on the Market 66, Up one from July 26th

Closed Residential Sales Year-to-Date 2011 163

Closed Residential Sales for Same Period 2010 176

Homes Currently Under Contract (Pending Sale) 47 (46 on May 22nd)

Closed Condo Sales Year-to-Date 46

Closed Condo Sales for Same Period 2010 42

Sold Vacant Land Year-to-Date 16

Sold Vacant Land YTD 2005 56

Residential Sales from 2005 to 2010

2010... 255

2009... 212

2008... 186

2007... 331

2006... 350

2005... 397

Breakdown of Residential and Pending Sales Year-to-Date

100 to 200 thousand Sold 5 Pending 2

201 to 300 Sold 12 Pending 4

301 to 400 Sold 33 Pending 14

401 to 500 Sold 25 Pending 11

501 to 600 Sold 36 Pending 5

601 to 700 Sold 18 Pending 1

701 to 800 Sold 12 Pending 2

801 to 900 Sold 9 Pending 0

901 to 1Mil Sold 1 Pending 1

1.0 to 1.2Mil Sold 4 Pending 1

1.2 to 1.4Mil Sold 1 Pending 1

1.4 to 1.6Mil Sold 3 Pending 1

1.6 to 1.8Mil Sold 0 Pending 1

1.8 to 2.0Mil Sold 3 Pending 0

2.0 to 2.5Mil Sold 1 Pending 0

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Washington Coast Homes & Land for Sale - 23.50 Pristine Oceanfront Acres

Arthur Mortell, Bainbridge Island Realtor — Wed, 04 May 2011 10:46:00 GMT

Georg and I have listed a 23.50 Acre, Oceanfront Parcel on the Washington Pacific Coast, 3 miles south of the Historic Kalaloch Lodge and 1 north of the famous Queets River. The Property's name is SeaCrest and it is the only 10+ Acre Oceanfront Land Available

for sale on the Washington Coast. The Entire Parcel is Available for $6,800,000 or You can Purchase Lot 4 with two new Cabins (a 2 bdrm and 3 bdrm) for $1,200,000 or Vacant Lot 1 for $500,000. For more info see www.SeaCrestatKalaloch.com

The Historic Kalaloch Lodge is the only place to stay when visiting the pristine, unpopulated coastal edge of the Olympic National Park.

SeaCrest's 23.50 Acres presents a potential alternative to lodging, presenting a Hotelier with a remarkable opportunity to build a destination resort.

Unless you want to build your private dream retreat , surrounded by the Majestic Olympic Mountains and the Gold Coast of Washington State.

This 14 mile stretch of Sugar Sand Beaches on coastal HWY 101 is the wonder of the Washginton Coast! No other contiguous acreage of this size is privately owned on the coastal edge of the

Olympic National Park.

Your Private Estuary and Beach

Build Your Secluded, Private Dream Estate overlooking the Pacific Ocean and/or capitalize on the Residential/Commercial Zoning and build a new oceanfront resort, RV Park, restaurants, or speculative residential.

Miles and Miles of Untouched Sugar Sand Beaches

The property is surrounded by protected open space held by the State and Federal Governments. The Queets River is only 1 mile to the south. Recreational opportunities are endless; backpacking, fly fishing, mountain biking, camping and surfing. SeaCrest is also close to Crescent Lake, the Hol Rain Forest and Sol Duc Hot Springs.

Our Client's are High End Buidlers and have constructed a 2 bedroom home that currently nets $36,000 per year in vacation rental income; the only lodging alternative to the Kalaloch Lodge. A second 3 bedroom home is almost complete. Use these homes as a private retreat while you build your dream estate.

I ran a search in the Northwest Multiple Listing Service for all 10+ Acre Oceanfront Land in Washington State, which resulted in 8 properties; 7 of which are in the San Juan Islands. SeaCrest is the only Coastal Mainland Property, 10+ acre parcel for sale directly on the coast and it is the only parcel that is zoned both Residential (build up to five Estate Sized Homes, each with a guest home) and Commercial. The Federal Master Plan for this area calls for new amenities such as restaurants and resorts.

To Learn More about the possibilites at SeaCrest, visit www.SeaCrestatKalaloch.com

For More Information, give me a call at 206-780-6149. The property is made up of 5 contiguous tax parcels, each available for sale individually. Showings are for pre approved buyers only.

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A Fun Day Trip to Bellevue with the Kids

Arthur Mortell, Bainbridge Island Realtor — Sat, 19 Feb 2011 15:36:00 GMT

The Bainbridge Island School District gives us many opportunities, with their "no=contract days" (days off for the kids) to get creative with our families.

Dinah came up with a great idea for our boys for Friday's no-contract day. We caught the 10:25 Bainbridge Ferry and drove to Sky High Sports in Bellevue where an enormous warehouse has been converted into a massive Trampoline Park for all ages.

The Park features a giant foam pit where the kids fly off the trampoline into big chunks of foam and essentially disappear (they do return). There are two Dodge Ball Courts, one for Parties and the other for everyone; and there is the big Trampoline area to the left. There is also a Toddler Area.

Sky High also has a cafe and an arcade.

The address and phone number: 1445 120th Ave NE

Bellevue, WA
425-990-JUMP (5867

http://sea.jumpskyhigh.com/

Our boys were pleasantly exhausted after jumping, playing dodgeball and flying into the foam pit. Afterward we headed into downtown Bellevue and ate at the California Pizza Kitchen, 595 106thAve.

We were able to catch the 3:45 ferry back to Bainbridge Island.

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Q1 2009 to Q4 2010 Market Trends on Bainbridge Island

Arthur Mortell, Bainbridge Island Realtor — Tue, 15 Feb 2011 17:36:00 GMT

While there is evidence that we are close to a bottom, sales are seasonally slow. The frequency of price reductions has decreased dramatically. New inventory is minimal. In town, high quality family homes are seeing between 8 and 15 groups (a group is 1+ people) attending public open houses, so we know there are buyers paying close attention to the inventory. We assume that as new inventory hits the market, these buyers will be well positioned to write an offer.

In the meantime, we continue to prepare our new listings for the market; keep our buyers up to speed on every new listing and market our current listings around the world!

Property Sales Trends for 98110

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A Nice, Off-Island Day Hike & Greek Dinner

Arthur Mortell, Bainbridge Island Realtor — Sun, 06 Feb 2011 14:42:00 GMT

Dinah and I took the kids to Discovery Park in Magnolia, Seattle this weekend where we hiked the beautiful 3+/- "Loop Trail". See the below write up and click on the above link to learn more about this great park. Our boys especially enjoyed the beach and lighthouse.

Following our hike, we had a great meal at the authentic Greek Restaurant, Nikos Gyros in the little neighborhood of Magnolia. With appetizers, full meals and dessert for five, the bill came to about $50.00.

We left Bainbridge on the 1:10 ferry. Arrived at the Park at 2:10. Hiked, Ate, just missed the 6:20 Ferry back to the island (the price of living in Paradise!), and caught the 7:20 home. A nice afternoon "explore"....

ABOUT DISCOVERY PARK

Discovery Park is a 534 acre natural area park operated by the Seattle Parks and Recreation. It is the largest city park in Seattle, and occupies most of the former Fort Lawton site.

The site is one of breathtaking majesty. Situated on Magnolia Bluff overlooking Puget Sound, Discovery Park offers spectacular view of both the Cascade and the Olympic Mountain ranges. The secluded site includes two miles of protected tidal beaches as well as open meadow lands, dramatic sea cliffs, forest groves, active sand dunes, thickets and streams.

The role of Discovery Park is to provide an open space of quiet and tranquility away from the stress and activity of the city, a sanctuary for wildlife, as well as an outdoor classroom for people to learn about the natural world. Maintained in its semi-natural condition the park will continue to offer a biologically rich and diverse natural area for urban dwellers and an unmatched opportunity for environmental education.

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