Tag Archives: real estate

City turns down property adjacent to Waterfront Park

blog.WFpark

Waterfront Park will soon get an upgrade, but for now it won’t be getting any larger.

The city recently declined to make an offer on a residence for sale adjacent to the downtown park. The city had a long-standing right of first refusal on the property, which is listed at $428,000.

City Manager Doug Schulze said the potential acquisition was discussed during a City Council executive session. Council members decided the property was too expensive and not necessary for the park, he said.

The 8,000-square-foot lot borders the northeast corner of Waterfront Park.

Seattle Times profiles Lynwood Center

Lynwood Center was recently profiled in the the Seattle Times’ real estate section.

Here’s a taste:

“The area’s old-fashioned, small-town feel is cherished by residents, who relish walking their dogs or riding bikes near the winding roads surrounded by forest.”

Some of the folks at Treehouse, Pane d’Amore, and Buckley and Buckley Real Estate helped paint a picture of what life’s like in the south-end neighborhood.

Buying a piece of Lynwood Center will likely cost between $385,000 and $1 million, according to the Times.

Read the article HERE.

Photo: Seattle Times

Bainbridge home values plummet

Bainbridge home values on Bainbridge Island tumbled faster over the past year than any other part of the county, according to a new report from Zillow.com.

Values fell 10.5 percent on Bainbridge, compared to just 1.8 percent for all of Kitsap.

The median Bainbridge home value in March was $490,000. That’s 21 percent less than when the market peaked in February 2007.

Read more in THIS story by Sun business reporter Rachel Pritchett.

Bremerton Island

According to the New York Times, one of the more “simple pleasures” of life on Bainbridge Island is to while away one’s time “watching the ferry to Bremerton Island move stealthily from Seattle, its lights cutting through the fog.”

The Times has, with a recent article, exposed what many locals had thought was only a myth. Shrouded in fog and linked only by ferries that move stealthily, Bremerton Island is a fantastical land where sheet metal welders live in solar-powered McMansions and sailors on shore leave burn up a month’s pay snatching up designer napkin rings and swilling $30 bottles of syrah.

Read the rest of the Times’ take on Bainbridge below, or click here to read it from the source (you may have to register to see the second page).

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Bainbridge population growth hits 8 year low

The brisk pace of Bainbridge Island’s population growth slowed to a crawl this year, casting doubt on projections steering current city planning.

According to state demographers, Bainbridge’s estimated growth hit an eight-year low in 2008, dropping from an average of about 2 percent to less than 0.5 percent.

The slow rise means the island will add only 100 people in 2008, putting the total population at about 23,180.

“This is interesting because so much of Bainbridge politics is based on the prediction that growth is out of control,” said Tim Bailey, an island real estate agent and chair of the city’s 2025 Growth Advisory Committee. “As a resident, I’d say this could be welcome news because it will make it easier to plan and give us time to react.”

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