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.