Georg Syvertsen and Arthur Mortell
Coldwell Banker McKenzie Associates
Georg Syversten | 206-780-6153 | Georg@coldwellbanker.com :: Arthur Mortell | 206-780-6149 | Arthur.Mortell@coldwellbanker.com

Bainbridge Island Museum of Art Seattle Mag Article!

Posted on May 22, 2013
Bainbridge Island Gets an Art Museum
(from Seattle Mag)
Bainbridge Island showcases local bounty with a new, eco-friendly museum dedicated to area artists
Executive director Greg Robinson prepares for the June 14 grand opening of BIMA

Creatively focused, eco-obsessed, possessing an urban sensibility and locavore leanings, beautiful without being braggy—the new Bainbridge Island Museum of Art (BIMA) might well be considered the embodiment of the island community itself. And just as the residents prefer the island’s laidback vibe to Seattle’s comparative bustle, BIMA supporters and staff have no intention of trying to compete with mainland art institutions, such as Seattle Art Museum. Instead, the focus is on contemporary work by artists from the Kitsap and Olympic peninsulas and the western Puget Sound region.

Founding board member Cynthia Sears, who moved to Bainbridge from Los Angeles in the late 1980s and first began talking up the idea of building an art museum there in the early ’90s, says BIMA is perfectly content with being (as an actor friend of hers put it) “off Broadway.” “Not just smaller, but more regional,” Sears explains. “Less about big productions and famous work than about excellence of craft and helping newcomers get a foot in the door.”

That door, by the way, is made from sustainable FSC-certified wood (and the foot is likely shod in a Keen athletic sandal). The new building, which came together thanks to a Bainbridge-based collaboration—The Island Gateway developers, Coates Design architects and PHC Construction—and a largely locally funded $15.6 million capital campaign, is anticipating LEED Gold certification. When that status becomes official, it will be the first art museum in the state (and one of only a few nationwide) to achieve such green street cred.

The building is first and foremost inviting, thanks to a striking curve of tall windows that sweeps visitors toward the entrance. This translucency is intentional—people inside the museum can see their community going about its business outside, and people outside can see visitors going about the gallery within (and thereby feel a vicarious connection with local art). Indeed, the emphasis of the structure is not so much on the photovoltaic array, the geothermal heating and cooling or the low-flow toilets (and waterless urinals!), but on showcasing the thriving—but largely unsung—regional artist community.

Part of Sears’ initial motivation was the question “If this is such an ‘artists’ haven’ (as the guide books told me), why wasn’t there a place where local art was on exhibit for the public?” While acknowledging the value of art shows at smaller, commercial galleries in the area, she contends, “A community that cares about art needs an art museum the same way a community that cares about literacy needs a public library—no matter how many bookstores might be nearby.”

One of the opening exhibits is of work by Bainbridge Island artist and children’s book illustrator Barbara Helen Berger, who agrees with Sears, “Art doesn’t have to be remote.” As for the tone her inaugural exhibit sets for the museum, she speculates, “My show may convey part of the museum’s aim: to be inviting and welcoming for everyone, including children and families.”

Greg Robinson, BIMA’s executive director and curator, points out that one of the significant local benefits of the museum is serving kids in the region—for whom taking a field trip to Seattle can be prohibitively complicated and expensive. “Having an art museum here increases the accessible and affordable options for schools in the Kitsap area,” he says. Sears adds that one of the boons of not charging an entrance fee is that it encourages people of all ages to stop by casually, making the viewing of art a regular part of everyday life. “I want kids and their families to feel comfortable just dropping in…to refresh their eyes and recharge their batteries,” she says.

Port Townsend–based sculptor Margie McDonald also has work in the first BIMA show, in the commanding Beacon Gallery, an aptly named space fronted by a two-story bank of windows that faces the ferry terminal and stands as a guidepost for disembarking passengers. Her “millipede-like” piece—a 30-foot long underwater scene made with recycled copper, yacht rigging wire and salmon trolling wire—will hang in the window. “Seattle is tough for someone like me who doesn’t want to go to the big city very much,” McDonald says. “I think there’s some excitement here in Port Townsend that this is ‘our museum.’ BIMA feels like it’s on ‘our side’ of the water.”

Sears believes the regional focus will foster what she calls the “OMG factor,” meaning the reaction, “OMG, that’s from here?” She hopes that, as a result, hometown visitors will support “their own” with even more vigor. “This is our art equivalent to the ‘eat locally’ movement,” she says.

Robinson is “slowly and deliberately” expanding BIMA’s permanent collection in line with the goal of being “an incubator and a launching pad for emerging local artists.” (Sears notes, “We are on record as having promised our donors that if most of the artists we exhibit have not achieved national—or world!—recognition in 50 years, we will be happy to give them their money back.”) But Robinson emphasizes that rather than dictating a perspective, he and his team are looking to the artists to reveal what it means to live in the region. “We’re not coming in as the experts,” he says, “we’re coming in as discoverers. We’re exploring stories that haven’t been told yet.”

Year-to-Date Market Stats Bainbridge Island

Posted on May 20, 2013
Statistics Year-To-Date
May 20, 2013
 
Residential Units on the Market: 139  Up from 88 (just above historic lows) on March 15, down from 245 on September 27, 2011.
 

Condos on the Market: 37, up from 30 on March 15. Down from 41 in September. This is the lowest inventory we have seen in the condo market since early 2000.

 
Vacant Parcels on the Market: 65, up from 57 on March 15.   Up from 49 on February 6th, 2013.
 
Closed Residential Sales Year-to-Date 2013:               134

Closed Residential Sales for Same Period 2011:     108  

Homes Currently Under Contract (Pending Sale):        74 

 
Closed Condo Sales Year-to-Date 2013:                       25

Closed Condo Sales for Same Period 2011:              24

Condos Currently Under Contract (Pending Sale):        21

 
Sold Vacant Land Year-to-Date:                                     17  
Pending Sale Vacant Land:                                           16  
Sold Vacant Land all of  2005:                                  69
 
 Residential Sales: 2005 - 2011 - Median Price and Average Days on Market
2012... 386
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...1
101 to 200                                        Sold...7       Pending...2  
201 to 300                                        Sold.. 12     Pending...7
301 to 400                                        Sold...25     Pending...10

401 to 500                                        Sold...55     Pending...28

501 to 600                                        Sold...16     Pending...9
601 to 700                                        Sold...16     Pending...9
701 to 800                                        Sold...8       Pending...7
801 to 900                                        Sold...7       Pending...8

901 to 1Mil                                       Sold...3        Pending...3

1.0 to 1.2Mil                                     Sold...2        Pending...0

1.2 to 1.4Mil                                     Sold...4        Pending...1

1.4 to 1.6Mil                                     Sold...1        Pending...1

1.6 to 1.8Mil                                     Sold...0        Pending...0

1.8 to 2.0Mil                                     Sold...1        Pending...1

2.0 to 2.5Mil                                     Sold...2        Pending...0
2.5 Million +                                     Sold...0        Pending...0
 
Single Family Homes
Single Family Homes
Single Family Homes Days on Market & Sales Price to List Price

Misinformation & Out of Area Agents

Posted on March 17, 2013
First, Our Experience: 
 
Georg and I utilize Zillow.com, Trulia.com and Realtor.com extensively in marketing our listings. We find that with each of these sites, particularly Zillow.com, we need to continually/daily monitor our listings; making sure that the photos are not duplicated or removed; checking that the marketing remarks clearly explain to the prospective Buyer that they should phone us, or visit our website, to learn more about the property rather than rely on "Premier Buyers Agents" who pay up to $375/month, hoping that the prospective Buyer will contact them about a property and neighborhood they may know little about.
 
This is very frustrating, and we have considered dropping Zillow.com, BUT we know that the traffic is extremely high there and that prospective Buyers still utilize this site, unaware of the challenges we face in terms of accuracy and knowledge. We do not want to miss any opportunities for our Sellers, so we monitor these sites and on occasion our Sellers do too!  We also contact Zillow.com to express our frustration over having out-of-area agents placed next to our Listings as if they are experts on our properties and community.
 
Lastly, we strongly encourage our Sellers and Buyers to IGNORE valuations from these sites.  The only valuations you can trust are from experienced, busy, educated local Brokers who "know the inventory". 
 
This article from MSN Money tells it all!
 
Please feel free to share your experience with these sites.

 
 
 The backlash against Zillow & Co.

Real-estate agencies are taking a harder look at national aggregators. They say the websites can be inaccurate, frustrating potential buyers.

 

It used to be a given for anyone selling a house that a real-estate agent would put the listing on national real-estate aggregator websites like Zillow, Trulia and Realtor.com to maximize exposure and sell the home quickly. But that could be changing fast as aggregators and agents face off.

Since 2005 or so, real-estate agents have shared data about homes they have for sale with those national sites, which have millions of visitors (Zillow, for example, had 32 million last month). But even though the sites have grown, sales haven't in the distressed housing market, and some agents believe the sites may not be helping. They accuse the sites of engaging in practices that give buyers inaccurate information that may hurt sales.

Among their complaints are that the sites allow any agent, for a fee, to have his or her name and photo appear prominently beside the homes listed for sale in a given region, even if the person in picture isn't the agent representing the seller. In reality, the agent in the photo may know little about the property or the neighborhood where the house is located, frustrating customers' efforts to get accurate answers, according to a report last year by real-estate consulting firm Clareity.

Some agents also claim that many listings on the largest sites are inaccurate. "The wrong photos often appeared with our listings," says San Diego Realtor Jim Abbott, whose firm no longer shares data with the national sites. He also says that the sites kept up listings that were no longer on the market. Clareity CEO Gregg Larson says Zillow and Trulia get information about the same property from multiple sources, such as the listing agent, the local multiple listing service and syndication services. "The duplicates sneak through, and then you have (the same) listing with different prices, listed by different brokers."

One Massachusetts agent, Jack Attridge, notes in a letter to Inman News that because homes he's listed appear on national sites, he's often contacted by agents and customers well outside his area who have questions about those properties. Most of the time, they have incorrect information, and Attridge wrote that none of those calls has resulted in a sale.

These and other problems hurt agents' reputations and do nothing to sell houses, they say. Abbott argues that inaccurate Web listings, combined with side-by-side links to agents who know little about the property, frustrate potential buyers and may actually drive them to look elsewhere.

Abbott studied three years of his agency's sales data and compared listings that the company didn't share with national sites to those it did. "Time after time, the listings that we did syndicate compared with the listings that we didn't had no better outcomes," he says. "In fact, the ones we didn't syndicate often sold faster" and closer to the asking price.

March 15, 2013 Bainbridge Island Market Update

Posted on March 15, 2013
Statistics Year-To-Date, March 15, 2013
 
Residential Units on the Market: 88 (just above historic lows), down from 100 on February 6th (does not reflect  low income homes at Curtis Ln.). Down from 165 in September.; down from 201 on March 27th and down from 245 on September 27, 2011. We are just above historic lows with inventory.
 

Condos on the Market: 30. Down from 41 in September. This is the lowest inventory we have seen in the condo market since early 2000.

 
Vacant Parcels on the Market: 57.   Up from 49 on February 6th, 2013.
 
Closed Residential Sales Year-to-Date 2013:               55

Closed Residential Sales for Same Period 2011:     41  

Homes Currently Under Contract (Pending Sale):        64 

 
Closed Condo Sales Year-to-Date 2013:                       11

Closed Condo Sales for Same Period 2011:              11

Condos Currently Under Contract (Pending Sale):        15

 
Sold Vacant Land Year-to-Date:                                      9  
Pending Sale Vacant Land:                                            7  
Sold Vacant Land all of  2005:                                 69
 
 Residential Sales: 2005 - 2011 - Median Price and Average Days on Market
2012... 386
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...6       Pending...0  
201 to 300                                        Sold...6       Pending...8
301 to 400                                        Sold...12     Pending...14

401 to 500                                        Sold...8       Pending...18

501 to 600                                        Sold...10     Pending...10
601 to 700                                        Sold...6       Pending...9
701 to 800                                        Sold...4       Pending...4
801 to 900                                        Sold...1       Pending...6

901 to 1Mil                                       Sold...1        Pending...2

1.0 to 1.2Mil                                     Sold...1        Pending...0

1.2 to 1.4Mil                                     Sold...2        Pending...2

1.4 to 1.6Mil                                     Sold...0        Pending...0

1.6 to 1.8Mil                                     Sold...0        Pending...1

1.8 to 2.0Mil                                     Sold...0        Pending...1

2.0 to 2.5Mil                                     Sold...1        Pending...0
2.5 Million +                                     Sold...0        Pending...0
 

 
 
 
 
 

Bainbridge Island Market Statistics As of February 6, 2013

Posted on February 6, 2013
Statistics Year-To-Date, February 6, 2013
 
Residential Units on the Market: 100  (does not reflect  low income homes at Curtis Ln.). Down from 165 in September.; down from 201 on March 27th and down from 245 on September 27, 2011. We are close to historic lows.

Condos on the Market: 30. Down from 41 in September. This is the lowest inventory we have seen in the condo market since early 2000.

 
Vacant Parcels on the Market: 49.      
 
Closed Residential Sales Year-to-Date 2013:               19

Closed Residential Sales for Same Period 2011:     14  

Homes Currently Under Contract (Pending Sale):        54

 
Closed Condo Sales Year-to-Date 2012:                       5

Closed Condo Sales for Same Period 2011:              4

Condos Currently Under Contract (Pending Sale):       13

 
Sold Vacant Land Year-to-Date:                                      3  
Pending Sale Vacant Land:                                            4  
Sold Vacant Land all of  2005:                                 69
 
 Residential Sales: 2005 - 2011 - Median Price and Average Days on Market
2012... 386
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...1       Pending...0  
201 to 300                                        Sold...3       Pending...4
301 to 400                                        Sold...6       Pending...11

401 to 500                                        Sold...3       Pending...12

501 to 600                                        Sold...6       Pending...7
601 to 700                                        Sold...2       Pending...3
701 to 800                                        Sold...1       Pending...2
801 to 900                                        Sold...0       Pending...3

901 to 1Mil                                       Sold...0        Pending...3

1.0 to 1.2Mil                                     Sold...1        Pending...0

1.2 to 1.4Mil                                     Sold...1        Pending...0

1.4 to 1.6Mil                                     Sold...0        Pending...0

1.6 to 1.8Mil                                     Sold...0        Pending...0

1.8 to 2.0Mil                                     Sold...0        Pending...0

2.0 to 2.5Mil                                     Sold...0        Pending...0
2.5 Million +                                     Sold...0        Pending...0
Average Sales Price Chart Type:

Average Sale Price300,000410,000520,000630,000Jan 2013Dec 2012Nov 2012Oct 2012Sep 2012Aug 2012Jun 2012
Total Sales Chart Type:


 
 

2012 Bainbridge Island Market Wrap!

Posted on January 9, 2013

Enter Here for a complete overview of the Bainbridge Island Real Estate Market
 
 Statistics as of December 30, 2012. Market Wrap for 2012.
 
Residential Units on the Market (as of Jan 9, 2013): 93 (does not reflect 6 low income homes at Curtis Ln.). Down from 165 in September.; down from 201 on March 27th and down from 245 on September 27, 2011. We are only a few homes above historic lows for Bainbridge residential inventory.

Condos on the Market (as of Jan 9, 2013): 20. Down from 41 in September. This is the lowest inventory we have seen in the condo market since early 2000.

 
Vacant Parcels on the Market: 46. Down by 14 since September.       
 
Closed Residential Sales for all of  2012:                    384

 Closed Residential Sales for Same Period 2011:   257  A 50% Increase in Sales over 2011.

Homes Currently Under Contract (Pending Sale):        51

 
Closed Condo Sales for 2012:                                      80

Closed Condo Sales for 2011:                                    67 A 20% Increase in Sales over 2011

Condos Currently Under Contract (Pending Sale):       10

 
Sold Vacant Land Year-to-Date:                                    31  
Pending Sale Vacant Land:                                          10  
Sold Vacant Land all of  2005:                                 69
 
 Residential Sales: 2005 - 2012 - Median Price and Average Days on Market
2012... 384  
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 Sales for 2012
000 to 100 thousand                        Sold...0       
101 to 200                                        Sold...12       
201 to 300                                        Sold...40     
301 to 400                                        Sold...55     

401 to 500                                        Sold...67     

501 to 600                                        Sold...56     
601 to 700                                        Sold...42     
701 to 800                                        Sold...21    
801 to 900                                        Sold...25    

901 to 1Mil                                       Sold...9        

1.0 to 1.2Mil                                     Sold...17      

1.2 to 1.4Mil                                     Sold...16      

1.4 to 1.6Mil                                     Sold...3        

1.6 to 1.8Mil                                     Sold...3       

1.8 to 2.0Mil                                     Sold...3        

2.0 to 2.5Mil                                     Sold...6        
2.5 Million +                                     Sold...2
 
 
Avg. Sale PriceMedian Sale PriceMax Sale PriceMin Sale PriceSales VolumeTotal SalesAvg. Price SqFtSale % of List PriceAvg. Days on MarketMonth
$458,475 $375,000 $2,147,500 $100,000 $18,797,511 41 $226 96% 144 Dec 2012
$546,413 $425,000 $1,649,000 $136,000 $15,299,584 28 $217 97.3% 149 Nov 2012
$614,544 $498,250 $2,195,000 $102,500 $29,498,150 48 $235 96.8% 138 Oct 2012
$483,321 $395,000 $1,365,000 $81,000 $16,916,251 35 $221 96.9% 97 Sep 2012
$582,672 $495,000 $2,200,000 $170,000 $32,047,000 55 $244 95.2% 167 Aug 2012
$584,928 $538,500 $2,100,000 $206,000 $31,001,200 53 $250 97% 116 Jul 2012
$515,220 $440,000 $1,200,000 $145,000 $12,880,500 25 $227 97.2% 123 Jun 2012
Average Sales Price Chart Type:

Average Sale Price450,000500,000550,000600,000Dec 2012Nov 2012Oct 2012Sep 2012Aug 2012Jul 2012Jun 2012

More Blog Entries
Why It is the Right Time to Place Your Home on the Market - Posted on November 27, 2012
Bainbridge Island Real Estate Statistics as of November 20, 2012 - Posted on November 20, 2012
Coldwell Banker Branded Websites Remain Most Visited - Posted on March 27, 2012
Coldwell Banker University is #1 - Posted on February 14, 2012
Ferry Ride Away from the Seattle Symphony - Posted on February 12, 2012
Bainbridge Island Market Update as of December 14, 2011 - Posted on December 14, 2011
Bainbridge Island Real Estate Market Update YTD September 27, 2011 - Posted on September 27, 2011
A Fun Day Trip to Bellevue with the Kids - Posted on February 19, 2011
A Nice, Off-Island Day Hike & Greek Dinner - Posted on February 6, 2011
 
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