As Featured in the Seattle PI
Written by PRWire
An announcement of the "Rising Tides" Waterfront Home Tour on Bainbridge Island, cites Marilyn Turner, manager of the Bainbridge RSIR branch office. "Turner says the median home price of waterfront homes sold on Bainbridge Island has doubled from $661,000 in 2011 to $1,332,004 in 2014 when analyzing the differences for the first six months year-over-year. Meanwhile, relatively stable demand of 34 waterfront home sales on average for each half year points to the rather anemic supply of just 36 homes currently listed for sale.
There’s little doubt that the supply and demand imbalance is creating upward pressure on values,” adds Turner. “This creates an encouraging environment for would-be sellers to consider listing their homes with us, especially when we are observing an increase both interstate and international activity here on Bainbridge Island. The market is heating up and summer sales season is upon us.”