A buyer's market is categorized by a list to pending ratio of 0-45%, a balanced market is 45-55% and a sellers market is 55% or greater.

Inventory  (listings) has been steadily declining while demand (pendings)has been rising.

As the chart above shows, several price points are in the "Red"- which in this case is a good thing! I watch the market very closely. If you want more information on how this might affect you as a seller or a buyer, please give me a call at 206-391-1718, or email me at kristi@livingonbainbridgeisland.com.

I am proud to announce my newest listing @ 1728 Ne Preston Street, Bainbridge Island. This stunning 3 plus bedroom home backs up to a green belt and features a sport court, stone patio area, deck and hot tub.

The house is located near the Wing Point Golf and Country Club. It is also an easy commute to the ferry and downtown Winslow.

The owners have done many interior upgrades during their ownership. Custom built ins in the family room and master bedroom add sophistication and storage. The master bath has been completely re-designed and remodeled. A huge walk in shower, dual sinks with wall mounted plumbing fixtures, designer lighting and beautiful tile work were designed by local interior designer, Melissa Andersen and constructed by Fairbank Construction.

The master and 2 additional bedrooms are on the 2nd floor. There is an optional 4th bedroom in the lower basement area (no closet).

The main level features a sunny kitchen with white cabinetry and stainless steel appliances. Cooking and entertaining is a breeze with the granite tile counters, a raised bar area and the open flow from the kitchen to the breakfast area and the family room. The dining room is also easily accessible to the kitchen and is elegantly appointed with large windows, designer lighting, beautiful beadboard wainscoting and a built in display cabinet.

Lots of fun can be had in the lower level walk out basement. Great for a rec room, workout area, movie room, or kids play area. There is even a full bath in this space!

But the main highlight of this home has to be the amazing back yard! As the pictures show, it is a place for fun for all ages!!

This stunning property is being offered for $609,000. If you want more information or a private showing, please contact me at 206-391-1718.

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Kristi Nelson, Founding Member, Realogics Sotheby's Int'l Realty, Bainbridge Island

February on Bainbridge Island proved to be an active one in the Bainbridge Island Real Estate market. At the end of February there were approximately 191 homes for sale - an increase of 25 new listings. Aprroximately 43 were pending as of the last week in February. The Seller's market was found consistently in the $300-$350K range. The surprise was found by watching the $1,500-$1,749K range go to more of a balanced market with 4 listings and 2 pending. As you know if you have read this blog before, I monitor on a weekly basis the list to pending ratios of all price categories so as to spot trends before they happen and to keep my sellers and buyers informed of what is happening in the market. Based on what I am seeing in March, I think we might see that trend continue.

Another important data tool to watch is "what the market is buying". (see image above). There were 25 February closings and 60 percent of the sales were UNDER $500,000. If you would like more detailed info on any of the market data for Bainbridge Island, please feel free to call or email me.

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I am proud to announce that Realogics Sotheby's on Bainbridge Island is spearheading the 2nd annual Bainbridge Island Luxury Home Tour. There will be 15 homes over $1,000,000 on view from 12-4:30 March 25, 2012. Several local brokerages will be participating and I will personally be hosting 3394 Point White Drive NE. If you would like a map of the event, please contact me, Kristi Nelson, at 206-391-1718 or by email kristi@livingonbainbridgeisland.com and I will be happy to give you the tour sheet.

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I am excited to announce my newest listing- a beautiful waterfront home on Bainbridge Island, located at 3394 Point White Drive. Offered at $1,050,000 this contemporary 4 bedroom features 133 ft of prime low bank bulkheaded waterfront. This large double lot offers spectacular vistas of Rich Passage - where Washington State Ferries and naval ships  glide through on a regular basis. There are 3 large decks/balconies (one on each level) for taking in the views.  The kitchen features granite counters and stainless steel appliances- including a top of the line Liebherr refrigerator with a temperature controlled wine section. The master suite includes sliding doors out to the water side. The master bath has been updated and features double sinks, a luxurious jetted soaking tub and shower- both with views of the water. The lower level is light and bright with tall ceilings , a wet bar and a wood burning fireplace. There is easy access to the beach with a waterfront deck. The outdoor spaces are complimented by a hot tub, a beautiful water feature and gardens and a lawn area. Unlike many homes on Point White, there is even a detached 3 car garage with workshop.

For more information or a private showing, please contact Kristi Nelson at 206-391-1718.

To see all the waterfront homes for sale on Bainbridge Island, click here.

  The price segment with the most activity was the $500-$549,999 range with approx 35 sales representing about 25% of all sales. In general the $300,000-$550,000 range comprised of approximately 50% of all sales. The over $1 million mark accounted for nearly 10% of all sales.

If you want more information on what is selling and why, please email me @ kristi@livingonbainbridgeisland.com or call me at 206-391-1718.

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