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How much does $1,000,000 buy on Bainbridge Island?

For $1,000,000, a home buyer on Bainbridge Island could expect to find an approximately 3000-square-foot (or larger) home with 3 bedrooms and 3 baths. Many will also offer a spectacular waterfront location with shoreline frontage or a beautiful water view. In that price range, a buyer will find newer constructions as well as thoughtfully remodeled homes still retaining their island character.

How much does $1,000,000 buy on Bainbridge Island
© 2012 Caleb Melvin

 

In 2012, 50 single family homes sold on Bainbridge Island for $1,000,000 or more. That was a doubling of the prior year’s sales in that price range of single family homes. With the $800,000 to $1,000,000 price range (which almost tripled), these segments had the largest growth of total sales compared to the prior year’s sales.

How much does $1,000,000 buy on Bainbridge Island
© 2012 Caleb Melvin

Given this data, this sector of the Bainbridge Island real estate market appears to be rejuvenating from the slump of prior years. The overall trend may continue in the near future, too. As more homes are sold in this range, more homeowners who have been waiting to list their homes become encouraged and will go ahead and list, increasing this quality level inventory for buyers looking to finally own that beautiful waterfront home of their dreams.