Fun Ideas for Family Get-togethers
Print a family cookbook.
Ask everyone to send you a favorite recipe and have them bound into a book to take home.
Craft a DIY photo booth.
No need to rent; just get creative. Hang some frames from a tree or wallpaper a wall with holiday paper and keep a fun prop bin on hand. Then set up a phone on a tripod and snap away.
Make an all-inclusive monogram gift.
Embroider a family inside joke or favorite phrase on t-shirts, hoodies or towels. Great templates and pre-made designs are on www.Zazzle.com
Hand out family photo books.
Collect photos from Facebook (and ask the less than tech-savvy to send in), then have them bound in a beautiful book and make copies for everyone. A great option for this is Shutterfly.
Write Letters To Santa
Help your kids write cute letters to Santa, then mail them off to the North Pole.
Print tote bags embossed with your family tree.
A decidedly useful, interesting and non-hideous freebie.
Swap stuff.
Encourage family members to bring belongings they no longer want (clothes, furniture etc.) and do a family-style round robin. You just might end up with Aunt Cindy’s beloved tea towels…
2016 First Half Newsletter
MEMORIES OF YEARS PAST
A History Lesson
The one constant in our real estate market is change. Ten years ago (yes, it has been 10 years!), we were in a very competitive market. Inventory was tight and prices were going through the proverbial roof, setting new highs. Then, in September 2007, that came to an abrupt end and we began a downward trend toward the largest correction since the 1980s. It took until 2012 for the market to shift yet again and gradually pick up speed toward recovery. By 2015, we returned to familiar territory: an extremely competitive market with record low inventories and rapidly rising prices. On July 1, 2015, there were 58 active listings on the island. Now, just one year later, data suggests a potential market transition with inventories rising and price reductions becoming increasingly common.
We in the industry do not view this as a repeat of 2007. There are too many positive factors in our financing infrastructure and regional market that separate this climate from its predecessors. (Indeed, the financing environment is so much more conservative now that securing funding can actually be a hurdle in some transactions.) We are still in a very competitive market and the statistics bear this out. While we may be slowly moving towards a more “balanced” market, we are not there yet. Let’s look at some of the leading indicators that give a glimpse at where we are.
Inventory
One year ago, there were 112 home listings, 54 of which were under contract. For a market the size of Bainbridge, 58 active listings in the middle of summer is a crazy small number. On July 15th of this year, inventory had ballooned to 162 listings, 64 of which were under contract (leaving 98 active). Yes, this was a substantial improvement from last year. But when compared to the absolute top of our last market peak in July 2007, the 162/64 stat still looks very tight compared to the 2007 numbers, which were 289 listings with 62 under contract.
The percentage of pendings to listings is 40% today compared to 21% in 2007. This year’s second quarter median cumulative days on the market is still a brisk 11 days, equal to what it was for the same period in 2015. (In 2007, it was 52 days.) It is still a very competitive market. Our inventory is growing because our price levels are finally bringing in more people from the sidelines. When you look at the history of the sold listings, there are scant few people who are “flipping” or who have bought recently and rapidly selling for a profit. Instead, many of the homes that recently sold were last sold in 2001, 2004, or even 2007 and 2008. It’s also interesting to note that people who have held onto their homes for a more extended period of time (since before the boom years) are realizing very healthy increases over what they paid.
Prices
We have finally drawn even with and are even beginning to pass our peak prices of 2006/2007. When we checked the history of all the homes sold in the second quarter, all those that sold in 2006/2007 did better this year. Our year-to-date median is $755,000, a 14.4% increase over last year. This number is exacerbated by the price ranges of the homes sold. Overall, sales were down almost 17% and almost all of the decrease came in homes below the $600K price point. This phenomenon can be partly explained by our old nemesis: lack of inventory. On July 15th, there were 13 homes available on the whole island for less than $600K. Not many choices …
However, we are now seeing more price reductions than even in the first quarter. This is another indication of a healthier market. Pricing still matters, as sellers can’t just ask for anything. As we mentioned in our last newsletter, this is one of many areas where professionals can really help. Overpriced homes usually end up selling for less than properly priced homes, a statistic that has been borne out in all types of markets. This becomes especially important when a market is going through a gradual shift. The bottom line is that prices are rising and healthy. True, the rate may change and is very neighborhood and property specific. But the competitive nature of our current market will help bolster prices.
Condominiums and Land
Interestingly, the increase in inventory has not yet been felt in the residential condominium market. Due to low inventory the volume of condominium sales are down almost 21% from last year. Prices are up 8% from 2015, but the median price is still 13.7% lower than in 2007. In addition to the shortage of available condominiums buyers face potential financing challenges specific to that type of property. In the land segment, sales are down more than 30%! Median price for land is also off 6.5%, which is 47% of the 2007 median. This is perplexing as land sales improved quite a lot between 2014 and 2015.
Moving Forward
So our changes are subtle at this time, but in process. On the residential side, the greater inventory gives buyers more choices and potentially more sales. Sellers are seeing price levels that entice people to return to the marketplace and support a competitive environment. The regional economy outlook continues to impress and our position in that marketplace remains strong. (What other community can still claim the same commute time to downtown as twenty years ago?) The outlook ahead is all very positive!
This summer, we are opening a satellite office on Olympic Drive and Winslow Way. There we’ll be able to greet ferry passengers as they first arrive to the island. Our goal is to give our clients more exposure to pedestrian and vehicle ferry traffic and have agents on hand to answer questions. We hope to have our doors open soon, so please stop by.
Windermere In The News
To say that Windermere has a lot of Seahawks fans would be an understatement. That’s why we are so excited to announce today that we are now the “Official Real Estate Company of the Seattle Seahawks”!
At the center of this partnership with the Seahawks is a new #tacklehomelessness campaign in which the Windermere Foundation will donate $100 for every Seahawks tackle at home during the 2016 season. On the receiving end of these donations is YouthCare, a Seattle-based non-profit organization that has been providing services and support to homeless youth from across Puget Sound for more than 40 years. Since 1989, the Windermere Foundation has donated over $30 million to non-profits that support low-income and homeless families, so partnering with YouthCare and the Seahawks on the#tacklehomelessness campaign is a perfect fit for us.
“We are proud to partner with Windermere, an iconic and locally-based company with a deep commitment to this community,” said Seahawks Vice President of Corporate Partnerships Amy Sprangers. “Windermere’s brand and values align perfectly with our commitment to this region. It is wonderful that this partnership will make a positive impact on homeless youth throughout the Seattle area.”
GO HAWKS!
Summertime for Kids on Bainbridge Island
Summer Day Camps 2016
Summer time is quickly approaching and suddenly that old feeling of dread and/or panic sets in… the kids are going to be home with nothing to do.
Bainbridge Island has a myriad of opportunities for children of all ages to learn and have fun this summer while school is out.
Islandwood Summer Day Camps invite children to open their imaginations in rich natural settings. They offer day camps for children from Pre-Kindergarten through the 9th grade.
The Bainbridge Island Metro Park & Recreation District offers a wide variety of classes and programs for children of all ages, all summer long. To download the full catalog for the entire summer of 2016 offerings click HERE.
Hazel Creek offers a Summer Camp programs for younger children including swimming lessons and horse back riding.
Do your children enjoy soccer? Bainbridge Island FC offers summer camps for children starting as young as 3 years old!
KiDiMu welcomes every child and family to explore and learn through interactive play. This year they are offering summer camps during July 2016 and August 2016.
Ok, it isn’t a summer camp but it surely is not to be missed. The Grand Old Fourth has been Bainbridge Island's biggest party for 48 years with a mile-long hometown parade, street fair with more than 100 booths including 30 food vendors, live music, kids' entertainment and games, pony rides, beer and wine garden, classic and electric car show, family fun run, pancake breakfast topped off with fireworks over Eagle Harbor at dusk. Admission is free and your entire family will love it!
Charming Townhome in Winslow
Who says you can't have it all? This charming standalone townhome offers a main floor master plus so much more – in easy reach of everywhere you want to be.
Open Sunday, May 22nd from 1pm to 4pm!
For more information on this home, please click HERE
Top Floor at Harbor Square
New listing!!!
4876 Rose Avenue NE
Bainbridge Island, WA 98110
OPEN SUNDAY, May 1st 1pm to 4pm
Offered at $998,000
Beautiful property and exquisite home, just a short stroll to parks and trails to Blakely Harbor. Stone fireplace warms the great room extending into the grand open kitchen inspiring culinary performances and memorable gatherings. This fabulous home features boxed beam ceilings and painted pine walls, custom furniture grade cabinetry, soapstone counters and select quarter-sawn floors, offering casual comfort of Island life and the charm of a bygone era. Timeless, function and value throughout! NWMLS #931429
For more information and to preview the photo gallery, please click HERE
2016 1st Quarter Newsletter
The Same Old Tune
Even as the birds of springtime sing their new songs of the season, we must hit repeat as we report – once again – on our local market’s low inventory. A lack of available homes continues to dictate what’s happening in Bainbridge Island real estate. On April 1st, there were only 47 homes and 5 condominiums available for sale on the island. Within the overall market, certain price points have been more pinched than others (which is a snapshot in time and will change as the year goes on). For example, if you were looking for a home in the $600K to $800K range, you had only 5 houses to choose from and zero condominiums.
How Inventory Affects Sales and Prices
This extremely limited inventory helped drive home sales down more than 20% from last year. There are plenty of buyers out there; there are just not enough properties on the market to sell. The scarcity of inventory has increased competition and bumped median prices up more than 9%. The average, which is more a function of the price ranges where homes closed, was up more than 18%. The median cumulative days on market dropped from 26 in 2015 to 20 in 2016. To put this in perspective, the cumulative days on market in 2012 was 146 days.
The Story on Condominiums and Land
The condominium market is also suffering from lack of inventory. Last year at the beginning of April, there were 16 condominiums available compared to this year’s 5; both of which lie in sharp contrast to 2012, when there were 45 available. Consequently, sales dropped from 19 to 16, but the median price rose 23% to $430K. Land, on the other hand, experienced a 30% increase in sales to 13 parcels this quarter with a 26.8% increase in the median price to $225K.
The View from Inside
One might assume that a market like this, with rising prices and inventory competition, makes our jobs easier. The reality is that there are some basic principles, goals and strategies that any good real estate professional seeks to embrace, all of which must adapt to an ever-changing market. Regardless of the climate, we want our clients to achieve the best possible outcomes – both at closing and in the future. This is sometimes easier said than done, especially when competition is fierce and time is of the essence. Given the complexities of the Bainbridge market, where most homes and locations are unlike any others, things can get even more challenging. It is not like buying or selling in a large subdivision where a product like Zillow has some merit. Here, each house has strengths and weaknesses and the success of a sale can pivot on those subtle nuances.
If you’re a Buyer
For buyers in this market, supply is tight and prices are rising. You almost have to assume you will be competing with others when you find the house you would like to make your home. Is the price fair? How high should you go? The specter of 2006 and 2007 should be in the back of your mind, as the concept of paying “whatever it takes” came back to bite many homebuyers. An agent brings knowledge of the current market, the choices it offers, what might be coming and how an individual house fits into the bigger picture – including the history of the neighborhood and often of the house. An agent will know whether a price is in line or whether the seller is being aggressive. When there are limited comparable properties, this expertise becomes extremely important. No one wants to hear, “You paid how much for your house?!”
In multiple offer situations, there are strategies to employ. You need to line up your resources to be “the best you can be.” Multiple offers often require that decisions be made quickly, so being prepared makes you a stronger buyer and one less likely to be disappointed later. If you are not a cash buyer, there are things you can do to compete with those who are. Get comfortable with the stack of forms you’ll be asked to sign. Ask your Realtor what it means to omit certain forms, how to read building inspection reports and Title reports. Learn how to spot red flags that make certain houses less expensive. Being a buyer in this market can be difficult, frustrating and even scary. A good agent can help you navigate the winding road to achieve the best results and avoid mistakes.
If you’re a Seller
Sellers may think they have it easier, but the reality is that a seller’s quest is the same in an ascending market as in a descending one. The two primary goals for sellers are to get the home sold in the timeframe desired and to maximize net proceeds. Buyers will be more attracted to, and will ultimately pay more for, a house that is optimized to appeal to a buyer and priced in a manner that a buyer feels is reasonable in the current market. Knowing the current market, as well as past and future markets and how a particular home fits into all of them, is essential in achieving the seller’s ultimate goals. But the work is just beginning when buyers first express interest. You have to know which of them will have the greatest possibility of actually achieving a closed transaction. It is surprising how many transactions fall apart in this market. Negotiating inspections, Appraisals, Sellers’ liability; what do all those forms mean and what are your responsibilities? There are many steps between deciding to sell and achieving your goals. The reality is that sellers don’t always get everything they hope to get out of a sale – even in a sellers’ market. But an experienced agent will help you prepare, present and respond so you can get the most out of any market.
The Constant
Real estate markets fluctuate all the time, sometimes favoring buyers and sometimes favoring sellers. This is simply the nature of the business. But in the midst of all those ups and downs, one thing remains consistent: the beauty and livability of Bainbridge Island. At Windermere Bainbridge, we celebrate our island community and all it has to offer.
Falling in love with “Home”
Whether you're an owner or a renter, odds are that you have a complicated relationship with your home. As with any relationship, there are ups and downs, good times and bad, things you love and things you hate. But despite it all, you stick with it — hopefully because you love it.
And also as with any relationship, your love for your home progresses as time goes on. But there's always that honeymoon stage, the time when you're totally infatuated. We asked what one thing made you fall in love with your home — the thing that tipped you over the edge and made you decide it was the place for you.
Here is a list of items that make my clients swoon, over and over again.
Grand fireplace
Sometimes functional items are designed so beautifully that they blur the line between architecture and art. The fireplace surrounds in this collection are sculptural, stunningly beautiful and, arguably, works of art.
Transom windows/sunlight
There are many reasons for using transoms. Here's the rundown on this fun-to-say architectural term. Transoms gained popularity after being used in spaces where an intricate shape or style door met another transverse architectural element. Pretty and purposeful, transoms are often used as ornamentation. They can also be functional; adding more sunlight to a room and (with the right hardware) they can swivel forward or backward for good air flow from the outdoors.
A Kitchen you’re proud to show off to friends and family
What makes the perfect kitchen? The answer is as varied as cooks are. Style is easier to recognize with your eyes than with words: You know it when you see it, and the one that inspires you most can often surprise you. From ultra-modern minimalist design to rustic woodwork and everything in between… your only limits are in your imagination and your wallet!
Historical charm relevant to the home but renovated with greener products
Although interior and exterior appeal is essential, history is what earned some homes a spot in people’s hearts. Bainbridge Island is full of beautiful vintage homes that are purchased and renovated yearly. In keeping with adaptive reuse of landmark buildings, subtle renovations can preserve the remarkable craftsmanship and details of bygone eras – while using newer, green products that enhance the style of the home while providing the amenities that modern living requires.
Indoor/outdoor living space
Some homeowners are all about being able to maximize long summer days with an indoor/outdoor living space that can also be used on slightly less warmer Spring and Fall Days. An outdoor living room complete with a covered area and amenities like a fireplace and cooking area expands your home into new world of dining and living al fresco.
High Ceilings/unique ceilings
Space and high ceilings make all the difference for some people. The open airy feeling lends to a feeling of sophistication while also making even a smaller home feel much larger. Add a unique ceiling with box beams, exposed rafters or timber framing and suddenly your ceiling has become a large part of your home’s architectural style.
Amazing View – Water or Territorial
Many people fall in love with the beautiful surroundings and views before actually falling in love with their homes. Whether it is large territorial view, a wooded sanctuary or open water view – a view that speaks to your heart can make any house a home.
Statement Staircase
Examples of artful staircases can be found as far back as 1500 BC in ancient palaces in China – but open interior staircases on an ambitious spatial scale cannot really be found before Michelangelo’s at the Laurentian Library, Florence Italy (1524–71). For many people, a grand staircase can turn a functional part of a home into a focal piece of art that makes them fall in love with a home immediately.
Interior details like round doorways, wood work, bookshelves and other charming details
Wood is becoming more and more expensive, and the level of craftsmanship in older homes is much higher than what you typically find in a new construction. This may include floors, trim, molding, fireplace mantels, bookcases, china cabinets, staircases and more. Embellishments on cabinetry can make a lovely room feel even more special. Leather, metal and even glass can be used to step a look up a notch.
Custom or Elaborate Doors
And finally… If a home is a place of meaning, doorways are the most meaningful parts. An opening connects one space with another, while a door sets the stage for the human interaction. Opening a door and crossing the threshold moves us from one realm to the next — from outside to inside, from public to private, from bedroom to bathroom, from big space to small space, from cold to warm.
Emerging Design Trends For 2016
The modern home is always evolving. And to get an idea of what it’s evolving to, look no further than what’s happening within its walls today. Exciting new materials, strategies and concepts will be coming to more homes in 2016.
1. Two-tone kitchen cabinets. Keep upper cabinets white or neutral for a clean, timeless feel; then go crazy with the lower cabinets by playing with various wood tones and deeper colors to take your kitchen in two different style directions.
2. Outdoor fabric used indoors. Outdoor fabrics are becoming increasingly hard to distinguish from traditional indoor fabrics, and many designers are bringing them inside – where their durability makes them perfect for high-traffic dining room and living room furniture, as shown here.
See more on outdoor fabric used indoors
3. Colored stainless steel appliances. Black stainless steel is making a buzz in the design world. Shown here is LG’s new Black Stainless collection. Not into the darkness? Head to the light with Whirlpool’s Sunset Bronze finish.
4. Extra-large-format tile. Large-format tiles (such as 12 by 24 inches) have been making an appearance in kitchens and bathrooms for some time now, but stay on the lookout for extra-large-format ones. Just how extra? Try 31 by 71 inches, like the ceramic Ann Sacks tiles shown here on a fireplace surround project by Pangaea. That’s almost 3 by 6 feet!
5. Bidets. The separate bidet unit in bathrooms never really took off in America. But since manufacturers began creating combination bidet and toilet units, like the Toto version shown here, they’ve been catching on. In fact, 5 percent of renovated master bathrooms now include bidets.
6. Deep kitchen drawers. Data shows that ease of storage is the top kitchen priority during a remodel. And while deep drawers have been creeping up to replace lower kitchen cabinets for a while now, they’re only getting better — and more affordable. Dividers and inserts let you organize any shape or size of dish, pan or utensil under the sun, and there are even clever options for deep corners and drawers under range tops and kitchen sinks.
7. Formal dining rooms. Not everyone takes the leap to turn the dining room into an office or media room. For homeowners who entertain frequently, a designated space for gathering for special meals isn’t negotiable, and they’re pouring attention into these rooms.
See more on formal dining rooms
8. Niche appliances. Looking for a little added luxury in the kitchen? Steam ovens (shown here) promise to cook food more thoroughly and healthily than microwaves; warming drawers give cooks a little wiggle room to deliver hot meals to family and guests; induction cooktops save space and are safer for homes with young kids; and kimchi refrigerators offer fans of the popular Korean condiment a chance to make their own at home.
9. Heated entryway floors. Sure, heated floors are popular in bathrooms, but if you live in a cold region, consider putting them in your entryway to help melt snow and dry boots.
10. Workhorse islands. Kitchen islands provide additional workspace, but they’ve taken on so much more than that. With deep storage, prep sinks, room for seating and more, workhorse islands are becoming the central feature in modern kitchens.
See more on workhorse islands.
11. Statement mirrors in bathrooms. So long, medicine cabinets – hello, statement mirrors. Think large wood-framed beauties, backlit modern marvels and ornate vintage gems that boost style in a bathroom.
12. Barely-there kitchens. As kitchen layouts become more open, spatial identifiers like walls of cabinetry and full-size appliances fade away, leaving behind airy, fluid spaces that serve multiple functions while looking barely there.
See more on barely there kitchens
13. Living rooms that ditch the tech for family. With so much screen time throughout the day and night, homeowners are looking for a calm respite where they can read a book, chat with friends and family or just sit quietly. Thus, the rise of living rooms devoid of digital distraction.
See more on tech-free living rooms
14. Kitchens that embrace openness and raw materials. The inherent simplicity in open shelves and raw materials plays a big part in the barely there kitchen we mentioned earlier. Embrace these, and the rest will follow.
See more kitchens that embrace openness and raw materials
15. Surprising backsplash and countertop pairings. You could play it safe with white subway tile and granite countertops, but sometimes safe is so boring. Instead, consider a different combination, such as a brick backsplash with concrete countertops (as shown here) or yellow ceramic tile with butcher block.
See more surprising backsplash and countertop combinations
16. Fully decorated living rooms that don’t go overboard. How do you know when you haven’t decorated enough, or decorated too much? Designers pay attention to scale, light, function and more to strike the right balance.
See more on fully decorated living rooms that don’t go overboard
17. Special kitchen features. Sometimes a kitchen needs that one special element that takes it from a useful space to a vital one. Here, a dining table on casters allows various seating arrangements for casual family meals and large parties with friends.
See more special kitchen features
18. Sunrooms. A sunroom is a top dream space for many homeowners. Even those who don’t have the luxury of having or adding one are finding ways to carve out a special sun-drenched corner in their homes.
19. Punched-up white kitchens. White kitchen walls and cabinets — and even countertops in many cases — is a trend that will continue for years to come. To avoid a too-sterile look, however, many designers and homeowners are learning to punch up an all-white space with smart, colorful details through tile, floor-to-ceiling bookcases, raw materials and more.
See more ways to punch up white kitchens
20. Bold powder room wall coverings. Dramatic wall coverings in powder rooms are nothing new, but the options for dazzling prints, textures and custom graphics are ever increasing. Here, Black Quilted Lacquer wallpaper by Phillip Jeffries steals the show.
See more bold wallcovering ideas for powder rooms
21. Mixing modern materials in the kitchen. Looking for something livelier than white cabinets and granite countertops in your kitchen? Consider mixing several modern materials, finishes and colors. Here, butcher block countertops get broken up with soapstone near the stove and Carrara marble on a nearby baking station. These mix with olive-green cabinets and stainless steel appliances for an eclectic, sophisticated look.
See more on mixing modern materials
22. Attention-seeking bedrooms. A can of paint will certainly transform the look and feel of a bedroom, but to take the sanctuary to the next level, you’re going to need bolder ideas. Here, a rustic wood wall and ceiling feature warms up the otherwise contemporary room.
See more dramatic features to wake up your bedroom
23. Bathrooms that feel more like living spaces. Graphic wallpaper, ornate chandeliers and furniture-like pieces turn sterile spaces into ones that feel a lot more like home.
See more bathrooms that feel like living spaces
24. Fireplaces and fire features. New advances mean you can have the ambience without the smell, pollution or hassle of traditional wood-burning fireplaces. Plus, fireplaces are making a comeback as living room focal points in lieu of the dark void of a TV screen.
See more rooms designed around fireplaces
25. Farmhouse entryways. Stripping away the need for fancy flourishes or decor for decor’s sake, farmhouse style gets at the root of function. That’s why the style makes sense for mudrooms, where simplicity in storage and durability in materials are paramount.