West Lake Sammamish, East Lake Sammamish, Redmond, Issaquah, & Bellevue
Bainbridge Island is a mature commuter market, accessible by ferry from downtown Seattle. The island offers an abundance of saltwater frontage with views of the city and the Cascade Mountains along most of its eastern shore. In addition, boaters with homes here enjoy a suburban springboard to marine destinations around Puget Sound and north to the San Juan Islands.
From July 2016 through June 2017, the average selling price among the 87 waterfront sales on Bainbridge Island was $1.41 million, and just over $500 per square foot. On a neighborhood basis, the highest average prices were paid at Pleasant Beach and the historic town of Winslow, and the top price paid for a home was $3.8 million. Waterfront homes during this period were selling in less than 90 days, at 87 CDOM.
The past twelve months on Vashon Island saw more sales on Maury Island and along Quartermaster Harbor, fewer between Dilworth and Vashon Heights, and a resurgence of sales along the Colvos Passage, where supply was exhausted after a flurry of sales two years before. Although connected by ferry to West Seattle in the north and Ruston in Tacoma on the south end, Vashon offers a more remote, rustic quality of life than competing areas.
The average price paid in this period was $711,000; and at 81 CDOM, market time to sell was slightly lower than for waterfront homes on Bainbridge Island. The highest price was paid for a waterfront home on Quartermaster Harbor between Burton and Portage.