Community - Bainbridge Island
Discover the natural wonders of Bainbridge Island. Bainbridge Island offers all the benefits of a big city but with the simple pleasure of island living.
Bainbridge Island – A Top Ten Enclave
By Realogics Sotheby’s International Realty / Dean Jones
Bainbridge Island may be a 65-square mile city in the center of Puget Sound but it remains highly accessible – it’s just a 30 minute ferry ride from downtown Seattle. The storybook community of Winslow offers main street amenities such as organic grocery stories, eclectic restaurants, art galleries and other modern conveniences and yet has preserved an authentic charm that’s been a hallmark to this island community. Once a summertime playground for Seattle’s affluent families in the 1930’s, the island experienced exponential growth in the 1990’s and is today home to more than 23,000 residents. The otherwise low key island lifestyle was perhaps most publically broadcast in the 1994 movie “Disclosure” starring Michael Douglas and Demi Moore, which was partially filmed on Bainbridge Island.
"Much like the portrayal in the (Disclosure) movie, many residents want to work in the city but retreat each day to this unique island community,” says Stacy Jones, an owner of Realogics Sotheby’s International Realty, who recently opened branch office on Bainbridge Island. “With an island-paced lifestyle, award-winning school district and favorable relative value to the mainland – the word is getting out and demand is expanding."
In 2011, executives at Realogics Sotheby’s International Realty participated in a nationwide study with TopTenRealEstateDeals.com to identify the best island enclaves in the US and showcase unique homes for sale within each community. Each island and home was independently judged on criteria that included convenience of access to a major metro area, overall quality of life, historic significance, proximity to services and cultural activities, local amenities, interior design of the homes and the “island feel” of the entire package. Bainbridge Island earned the top spot at #1 and nearby Vashon Island was ranked #9 in the US. The study and the media coverage can be found on CNBC.com and RealogicsSothebysRealty.com.
"These are the homes and places where we can get away from the congestion and commotion of everyday city life but still live close enough to the desired transportation, recreation, culture and urban amenities that we love and enjoy," states Jason Wakefield the Marketing Director for TopTenRealEstateDeals.com. “We were most impressed with Bainbridge Island in Washington State – the beauty, the views and the lifestyle is simply unrivaled among the collection of properties we explored."
As a veteran real estate agent for twenty-four years and a local resident, Dennis Paige has had a front seat to the explosive growth on the island that’s resulted in a robust real estate market.
"Our storybook lifestyle has been discovered,” says Paige, a Managing Broker for the Bainbridge Island Branch of Realogics Sotheby’s International Realty. “There are few places in this country where you can experience an authentic island community yet be so close to a major metro area like Seattle."
Like most sought-after communities sales volumes have increased significantly since the market correction in 2008. In 2011, approximately 257 single-family residences and 67 condominiums were sold on Bainbridge Island, up 137% and 160%, respectively compared with 2008. And sales activity in 2012 is off to a great start, according to Paige. Homes above $1 million have doubled compared with the same period in 2011.
"I think it’s just an opportunistic time to buy,” adds Paige. “We’re representing an amazing inventory of homes at sharp pricing. And when combined with today’s historically low interest rates, the value speaks volumes to buyers that have been watching the market."