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Arthur’s Bainbridge Island Real Estate Blog

Bainbridge Island Market Update Year-To-Date

Posted on May 9, 2012

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

Posted on March 27, 2012

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.

Post a Comment : Author: Arthur Mortell, Bainbridge Island Realtor

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Coldwell Banker University is #1

Posted on February 14, 2012

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

Post a Comment : Author: Arthur Mortell, Bainbridge Island Realtor

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Ferry Ride Away from the Seattle Symphony

Posted on February 12, 2012

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"

Post a Comment : Author: Arthur Mortell, Bainbridge Island Realtor

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SOLD! In-Town, Wing Pt Waterfront Home!

Posted on January 25, 2012

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!

Post a Comment : Author: Arthur Mortell, Bainbridge Island Realtor

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Bainbridge Island Real Estate Market 2011 Wrap-up

Posted on January 5, 2012

(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