Local Spotlight: KiDiMu

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Local Spotlight: KiDiMu

We are well on our way into 2019 and that means we are in for a long stretch of winter—short days, cold air, and perhaps even a few snowflakes. Though we may not be spending as much time outdoors as we’d like, there’s still plenty to do on the Island. This month, we are highlighting a place that brings fun every day of the year: KiDiMu!

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Local Spotlight: Dana's Show House

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Local Spotlight: Dana's Show House

The holidays are right around the corner and as we all work to finish our shopping and find the perfect gifts, we thought it’d be a perfect time to spotlight a really sweet store here on the Island: Dana’s Show House. We just adore this shop and love that you can find everything there, from furniture and accessories to greeting cards, housewares, and beyond, which means shopping for others—or yourself—is a breeze!

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Market Trends Around the Sound: Q2-2018

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Market Trends Around the Sound: Q2-2018

The statistics from the second quarter of 2018 are in and Bainbridge Island homes continue to gain value as the number of homes for sale and average days on market decline downward.

While other areas in the Puget Sound region boasted rare inventory increases throughout the second quarter of the year, Bainbridge Island actually saw a decrease in the number of homes available for sale, settling at just 1.8 months of inventory. In line with less homes on the market, the number of sales likewise decreased, and the average sales price held relatively steady year-over-year at $965,000 in Q2-2017 and $972,000 in Q2-2018.

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Homes spent 40% less time on the market than they did this same time last year, hovering just under one month at 26 days. The average price per square foot increased to $364.31, which was up 2.5% compared to the second quarter of last year and represented a slightly slower rate of growth than occurred in Q1-2018.

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There were 149 homes sold in the second quarter of 2017 and 127 homes sold in Q2-2018.

Download the Bainbridge Island report here or navigate more trends from around the Sound >>

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Savor the Season with Sail Bainbridge

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The pacific northwest offers summer seasons that are unlike anywhere else. As temperatures begin to rise and days get longer, the time is just right to enjoy quality time with friends and family while admiring the natural beauty that surrounds us. The land becomes a venue for lush greenery and the water welcomes the glistening sun. Bainbridge Island is the perfect place to savor the season.

You can find bustling events across the island, but what better way to enjoy summer than on the water? Sail Bainbridge is a local company that is ready for your next adventure. Captain Ben, owner and operator, spent time sailing as a child and became intrigued with life on the water. His company seeks to give people unique experiences on the water, that can be customized to suit individual needs.

Sails range from two hours to multiple days, with a range of options regarding the number of guests and departure time. Discover sailing packages provided by the company here. Captain Ben is eager to help his guests find the perfect trip and you can ask any questions you may have about adventures here.

If you can’t wait to sail to experience summer on the water, head over to the Waterfront Park and City Dock. The 5.5-acre park provides the perfect venue for family fun within walking distance to restaurants, shops and more. Earlier this month there was a grand opening celebration for the newly updated city dock. The remodel included increasing the dock in size, to nearly 900-feet in length, and installing safety features. Read more about the park, dock and how to plan a visit by boat here.

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Explore Market Trends Around the Sound

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2017 MARKET REPORT: A LOOK AT LOCAL TRENDS

The past year proved to be successful for our local real estate market. Realogics Sotheby's International Realty compiled an extensive look into neighborhoods across the region, and I am proud to share some statistics for Bainbridge Island.

With small communities around the island, Bainbridge offers a lifestyle that is unique to Puget Sound. Home to Bainbridge High School and Eagle Harbor High School, our education system has been recognized by U.S. News as having some of the top rated schools in the state. There are a bounty of local shops and restaurants that deliver the atmosphere of a quaint town while giving you the finest of service. A quick ferry ride will bring you into the heart of Seattle, providing the perfect opportunity for a seamless trip into the city for pleasure or work. What more could you need?

Bainbridge Island's single-family home sales rose by an astonishing 17.8% last year, with a very busy second quarter. These residences make up four-fifths of homes available on the island. Pricing for single-family homes increased, and at a much faster rate than the rest of Kitsap County. Raising by a total of 13% through the year, the average home price is now $836,500.

Read more about the real estate market and find out what is happening in your neighborhood in Realogics Sotheby's International Realty's complete Market Report below.

 

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SOTHEBY’S INTERNATIONAL REALTY IS NAMED AMERICA’S MOST TRUSTED RESIDENTIAL REAL ESTATE BROKERAGE FOR SECOND CONSECUTIVE YEAR

SOTHEBY’S INTERNATIONAL REALTY IS NAMED AMERICA’S MOST TRUSTED RESIDENTIAL REAL ESTATE BROKERAGE FOR SECOND CONSECUTIVE YEAR

For the second year in a row, Lifestory Research named Sotheby’s International Realty America’s Most Trusted® Residential Real Estate Brokerage. The study, which compiled the opinions of nearly 6,300 participants, was conducted over the course of 12 months in the United States. Results where then compared to peer organizations “of like size and complexity” in order to garner highly reliable statistical rankings of home builders, laundry appliances, faucets, paints, kitchen appliances, residential real estate brokerages, HVAC systems, and active adult resort builders.

“Trust is the very fabric of our business: our brokers give it to their clients, it endures generation after generation, and it allows us to create meaningful relationships that last beyond and into many transactions,” reflected Stacy Jones, Vice President of Realogics Sotheby’s International Realty. “I am so proud to be part of the renown legacy of the Sotheby’s brand heritage and to be connected to wonderful people from our firm and the global network that live up to that trust every single day.”

As the Lifestory Research website describes, “Trust is calculated based on the Lifestory Research Net Trust Quotient Score.” It breaks the score into three levels of a consumer’s trust: 1) “advocates” or clients that feel strong trust toward a brand; 2) “neutrals” or those that have a balanced trust of the brand; and 3) “antagonists” or those that do not trust the brand at all.

“Our research shows brands with high-trust are profitable, create high levels of recommendation, lift employee engagement, and much more,” Eric Snider, President of Lifestory Research, said in a press release. “Trust is at the forefront of the decisions we make every day about people, products, and brands. Successful brands and companies understand it all comes down to trust.”

Trust and the power of an historic legacy were among topics in a recent conversation between BuzzBuzzNews and Philip White, CEO of Sotheby’s International Realty Affiliates. In an interview, White touched on a global strategy that helped the brand grow to $108 billion in annual sales last year, and the way in which the company’s rich heritage provides a backdrop over which “we have been able to be innovative in marketing and technology, providing the best-in-class tools and support for our agents and brokers around the world.”

When asked about what separates Sotheby’s from other luxury real estate brands, White placed the strength in the “professionalism of our agents who, in 2017, led the way in terms of the largest number of agents ranked by REAL Trends/The Wall Street Journal ‘The Thousand’ in the category of individual sales volume and the highest average sales price.”

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