The fiscal cliff package that was approved this week includes a provision that will help maintain a viable short sale market in the year 2013. The Mortgage Forgiveness Debt Relief Act was set to expire on December 31, 2012. This act provided an exemption to the normal rule that forgiven debt is taxable income.
Here's my cliff notes version of what's going down with Bainbridge Island real estate: We are seeing a remarkably low inventory, currently we have 165 residential listings. To put that into perspective for you, this time last year we had 100 more listings than we do today! School is back in session, which gave us
Every month Windermere Real Estate Bainbridge Island will be doing a "Spotlight"on a particular topic. I thought I'd share the information as well because it really provides great insight into our current market versus where we've been. This month our topic Spotlight is on "Island Condominiums". As you can see 2011 sales were, for the
In the last 2 weeks I've been wonderfully reminded of why I love what I do. I have the wonderful blessing of working with 2 different clients that both have the same goal. Their number one priority is "family". Touring them around beautiful Bainbridge Island and showing them homes has been so enjoyable because they
Did you know: A $400,000 house today would have cost $642,650 in September of 2006* a difference of $242,650! A 30 year mortgage today is 4.13%** and in September of 2006 it was 6.41%** The monthly payment today would be $1,939.76 and in September of 2006 it would have been $4,024.02 a difference of $2,084.26
Listing/Pendings are staying as strong today as they have the last couple of years and even a little better. Currently, on the Island we have 224 residential listings of which 40 are under contract, or 18%. In 2010 there were 252/45 at 18%; 2009 there was 252/33 at 13%. So even though inventory is very
I had the pleasure of dining at Hitchcock in Winslow the other night for my birthday. This is a newer restaurant in our town that is "Farm to Table". Meaning, they use all local veggies, seafood and meat and try to use as much of the product as they can, not just parts. I found
Oh, I love the Fall! In fact, I love everything about this season. The colors, the crispness in the air, walks in crunchy leaves and of course, the imagination and excitement of Halloween! There is no better place to be than Bainbridge Island this season. To me, October is the kick off to the holidays.