Sunday, October 30, 2011

My Blog is now at www.MovingtoBainbridge.com

The success of MovingToBainbridge.com has been tremendous since the launch of Coldwell Banker's Award winning, groundbreaking website. MovingToBainbridge.com is now seeing, on average, over 300 visitors per day.

Please visit my blog at www.MovingToBainbridge.com for market info; insights into new listings and helpful information for buyers and sellers.

Thank you,
Arthur

Monday, January 10, 2011

Big Price Reduction at 14340 Shasta Lane, Bainbridge Island!

14340 Shasta Lane is now priced at $598,000!  A remarkable price for this beautiful 3BD/2.5BA, 2632sf Craftsman Bungalow sited on 1 beautifully landscaped acre just off of Sunrise Drive.
Learn more at www.CBMcKenzie.com/138655

In the meantime, it is snowing here on Bainbridge Island but it's not sticking today!  The market is as slow as the weather is cold but we are seeing numerous showings on our current listings; including our high end properties.

Here is a picture of the Shasta Home:

Thursday, January 6, 2011

New Listings; 27 Sold for 2010; New Advertising Opportunities with our Team

Happy New Year!  2010 was pretty fantastic with a 20% increase in residential sales ove 2009.  Georg and I had a banner year, breaking our 2009, 19 closed sales with 27 Closed Sales for 2010!  We already have two more under contract and in negotiation for a third, so we are off to a good start for this year. Over the next couple of months we have significant new listings hitting the market, so please keep visiting our website.

We are also running weekly listing ads in the Bainbridge Islander and have taken an entire page in the Homes and Land Magazine to advertise our listings, giving our client's the maximum exposure possible in print and on the internet.

We held a Broker's Open for our new $1,198,500, high end home at 5441 Island Ctr Dr., today with 70 agents viewing this gorgeous property on 2.5 pristine acres.  Check it out at www.cbmckenzie.com/147258

Beautiful, Right.  Go to the link for more picture.

In the meantime, here is a market update for you that can also be seen on http://www.movingtobainbridge.com/.

Updates on Current Market Conditions, Bainbridge Island


as of January 5, 2011

In 2009, the Syvertsen/Mortell Real Estate Team Sold 19 properties.

In 2010, WE SOLD 27 PROPERTIES!

There are currently 161 Homes on the Market, on Bainbridge Island, down from 197 Residential Units on November 7, 2010

RESIDENTIAL
Values have depreciated by approximately 8% to 10% for 2010

SOLD HOMES (Closed Sales):
2011 to date: 2 There are 38 pending home sales
2010 254 sold giving us an 20% increase in sales over 2009

2009 212 sold

2008: 186 sold

2007: 331 sold

2006: 350 sold

2005: 442 sold

2004: 467 sold

2003: 453 sold



Closed Sales For 2011
100K to 249K
250K to 400K: 1
401K to 500K:
501K to 600K:
601K to 700K:
701K to 800K: 1
801K to 900K:
901K to 1 Mil:
1.0 to 1.5 Mil:
1.5 to 2.0 Mil:
2.0 & above:

Closed Sales For 2010
100K to 249K 9
250K to 400K: 43
401K to 500K: 45
501K to 600K: 50
601K to 700K: 29
701K to 800K: 30
801K to 900K: 19
901K to 1 Mil: 3
1.0 to 1.5 Mil: 20
1.5 to 2.0 Mil: 3
2.0 & above: 4



Seven Day Market Watch from the Northwest Multiple Listing Service

New Listing (6)

Back On Market (8)

List Price Reduced (13)

List Price Increased (1)

Contingent (0)

Listing Expired (26)

Listing Pending (8)

Listing Sold (7)

Listing Canceled (1)

CONDOMINIUMS

To Date, we have seen 0 condos close. 53 Sold in 2010 ((5 of which were sold by the Syvertsen/Mortell Partnership): 55 sold in all of 2009; an extremely difficult year, with 44 sold in 2008: 133 sales in 2007 and 155 sales in 2006.

We have only 58 condos on the market today.

Friday, October 22, 2010

I am a Terrible Blogger and the Real Estate Business has Been Fantastic

Okay, I just don't have a lot of time to Blog. I am working full time as a Realtor. My partner, Georg and I have only had about two weeks of "slow" time this year and blogging didn't even occur to me! Year-to-date, Georg and I have closed 24 sales. We currently have another 4 under contract. This has been a tremendously exciting year for us; for our clients and for our great company, Coldwell Banker McKenzie Associates.
I just sent out a few hundred e mail flyers to Brokers across Kitsap County, alerting them to the below Open House this Sunday. For the first time, I had an agent in Poulsbo e mail me, asking that I remove her from my list. The irony is that another agent in Poulsbo received an e mail flyer for my 5 Acre Listing in Poulsbo announcing a price adjustment just this Wednesday. She forwarded the flyer to her clients. I met them at the property yesterday and returned to my office to find an offer from them. We are now under contract!

Success in this demanding business means doing what is right for our clients and that means being thoughtfully creative, present, persistent and committing to a work ethic worthy of our client's trust and confidence. 

On that note, come visit my open house this weekend for our new listing in Fort Ward!

Bainbridge Island 4 Bedroom Traditional - Like New and Move in Ready.

Spacious, Traditional 4 bedroom, 2.5 bath, 3,028 sf home (plus a 2,077sf roughed-in daylight basement plumbed for a bathroom & kitchen!). Main Floor Master Suite; Living, Family & Dining Rooms; Vaulted Ceilings, Australian Cypress floors, new paint & carpets; 7 foot French Doors open to a Trex deck; kitchen with stainless steel appliance package; gas stove; granite tile counter tops & a kitchen dining room with vaulted ceiling. Master Bath with dual vanity, 2 walk-in closets & a washer/dryer; plus a large upstairs utility/laundry room, a huge 2 car garage and pristine lawns & landscaping! Follow the Below Link for a Photo Tour at www.LuxuryRealEstate.com







Thursday, June 10, 2010

June 8th, 2010 Market Update

Updates on Current Market Conditions, Bainbridge Island as of June 8th, 2010

Year to Date, the Syvertsen/Mortell Business Partnership has closed 17 (Covering 19 Sides) properties, with an additional 3 homes currently pending sale.

Breaking News as of June 10th: There are now 232 residential units on the market.

RESIDENTIAL

Today there are 225 residential units on the market. As of May 3rd we had 211 residential units on the market up from 198 on March 28th and 154 on January 23rd. There were 215 on November 19th and 232 on October 14th. As of August 9th, 2009, there were 264 residential units on the market.

Closed Sales YTD have increased by 6% over the same period in 2009.

Values have depreciated by approximately 4% to 5% for 2010

SOLD HOMES (Closed Sales):
2010 to date: 115 sold Sold for Same Period 2009: 72 There are 47 pending home sales
2009 212 sold giving us an 8.7% increase in residenital sales over 2008, while values depreciated 13%.
2008: 186 sold
2007: 331 sold
2006: 350 sold
2005: 442 sold
2004: 467 sold
2003: 453 sold

Closed Sales Since January 1st, 2010
100K to 249K 3
250K to 400K: 22
401K to 500K: 18
501K to 600K: 21
601K to 700K: 11
701K to 800K: 15
801K to 900K: 8
901K to 1 Mil: 1
1.0 to 1.5 Mil: 13
1.5 and Above: 4

CONDOMINIUMS

To Date, we have seen 22 (5 of which were sold by the Syvertsen/Mortell Partnership) condos close. 55 sold in 2009; an extremely difficult year, with 44 sold for the same period in 2008: 133 sales in 2007 and 155 sales in 2006. We have only 72 condos on the market, which is down from the peak of 114 in 2009

The Big Condo news is that Madrone Village has seen seven sales since last July, including all of the Penthouses, leaving only 7 new luxury condos on the market.

Friday, March 26, 2010

Market Conditions and Current Syvertsen/Mortell Sales for the Year!

With 19 homes sold last year, Georg and I soared into a very promising 2010 and we are seeing tremendous results for our clients both selling and buying homes!  We have already closed six properties to date.  We represented both the buyers and sellers on three of these properties, and the buyers on the other three.  We currently have another five homes under contract, four of them our listings.  Below are a few of the homes we have sold!



Meadowmeer, Country Club, a Penthouse at Madrone Village and a Pre Foreclosure on Maxwell.


Updates on Current Market Conditions, Bainbridge Island


as of March 26th, 2010

RESIDENTIAL

There are currently 198 residential units on the market up from 154 on January 23rd. There were 215 on November 19th and 232 on October 14th. As of August 9th, 2009, there were 264 residential units on the market. This is the optimal time to sell your home given the lack of substantial inventory to compete with. We are seeing a slight, seasonal uptick.

SOLD HOMES (Closed Sales):
2010 to date: 45 sold Sold for Same Period 2009: 34 There are 40 pending home sales
2009 212 sold giving us an 8.7% increase in residenital sales over 2008.
2008: 186 sold
2007: 331 sold
2006: 350 sold
2005: 442 sold
2004: 467 sold
2003: 453 sold

Closed Sales Since March 26th, 2010
100K to 249K 2
250K to 400K: 5
401K to 500K: 8
501K to 600K: 9
601K to 700K: 4
701K to 800K: 3
801K to 900K: 4
901K to 1 Mil: 0
1.0 to 1.5 Mil: 8
1.5 and Above: 2

CONDOMINIUMS
To Date, we have seen 8 condos close. 55 sold in 2009; an extremely difficult year, with 44 sold for the same period in 2008: 133 sales in 2007 and 155 sales in 2006. We have only 65 condos on the market, which is down from the peak of 114 in 2009.

Sunday, March 7, 2010

The Residential and Condo Markets are Picking Up!

The Fall 2009 uptick in sales that we saw in both the condo and residential markets is definitely sustaining itself, but barely; with 5 sales over the same period for last year in the residential market.  The "over a million" range has picked up dramatically and the inventory in the $400,000 to $500,000 range has dropped off, with  a large number of buyers competing for very little product. Georg and I just put two of our listings in the $500,000 range under contract, giving us four properties in the $400,000 to $500,00 range currently in escrow.  If you are shopping in this range, get pre- approved (e mail me for lender recommendations) and set yourself up with our high tech, Coldwell Banker Personal Retriever system that will allow you to see all new inventory as it hits the market. This will give you a tremendous advantage over other buyers waiting for a phone or e mail from their realtor.

Inventory should start to pick up in the coming weeks.

Updates on Current Market Conditions, Bainbridge Island


as of March 7th, 2010
RESIDENTIAL

There are currently 181 residential units on the market up from 154 on January 23rd. There were 215 on November 19th and 232 on October 14th. As of August 9th, 2009, there were 264 residential units on the market. This is the optimal time to sell your home given the lack of substantial inventory to compete with.

SOLD HOMES (Closed Sales):

2010 to date: 31 sold Sold for Same Period 2009: 26 There are 41 pending home sales

2009 212 sold giving us an 8.7% increase in residenital sales over 2008.

2008: 186 sold

2007: 331 sold

2006: 350 sold

2005: 442 sold

2004: 467 sold

2003: 453 sold



Closed Sales Since January 7th, 2009

100K to 249K 2

250K to 400K: 2

401K to 500K: 4

501K to 600K: 6

601K to 700K: 2

701K to 800K: 2

801K to 900K: 4

901K to 1 Mil: 0

1.0 to 1.5 Mil: 6

1.5 and Above: 2



CONDOMINIUMS

55 sold in 2009; an extremely difficult year, with 44 sold for the same period in 2008: 133 sales in 2007 and 155 sales in 2006. We have 69 condos on the market (with 7 sales to date this year), which is down from the peak of 114 in 2009.