Waterfront Report: A Look at Bainbridge Island
Waterfront living continues to be one of the most coveted lifestyles available. We’re fortunate to live in a region that affords ample opportunity with life at the water’s edge, especially thanks to the islands that compose much of the Puget Sound.
Realogics Sotheby’s International Realty (RSIR) has released its annual Waterfront Report, which includes detailed statistics about the lifestyle and recent transactions in 15 counties of Western Washington. As a highly waterfront-focused community on Bainbridge Island, this is critical information for the state of the housing market on the island. The Waterfront Report analyzed 15 months of waterfront sales, from January 2018 to March 2019, to create a comprehensive assessment of waterfront real estate transactions.
During the 15 months analyzed, there were 95 waterfront homes sales on Bainbridge Island. Of the 95 residential homes sold during these months, 39 of them were nestled along the city view, or eastern, shoreline, and only four of these transactions were made between March and July of 2018.
There were 63 waterfront home sales that occurred around the rest of the island. Most of these transactions were made in the peak month of May and eight of the waterfront sales on this part of the Island were condominium sales. RSIR listed 16 waterfront sales on Bainbridge Island during the time assessed.
Waterfront living continues to be a sought-after lifestyle and recent sales prove the interest of current buyers. If you’d like to explore opportunity at the water’s edge and learn about the offerings of various regions around the sound, I encourage you to dive into the report at RSIRWaterfront.com or contact me today.