Kitsap housing market booms with fleeing commuters

Jun 23, 2017, 6:37 AM | Updated: 8:41 am
maritime, foot ferry, ferry, taxes, tax, Kitsap. human trafficking...

The new high-speed foot ferry connecting Seattle to Kitsap County is being credited as a primary reason people are moving across Puget Sound and away from the Emerald City.

Stacia Smith with Coldwell Banker Bain has noticed the major real estate trend in the past year.

RELATED: Kitsap foot ferry could change how many commute

“A lot of people from California and Amazon are moving here because of the ferry access,” Smith said. “There has been a huge growth in Bremerton and Kingston because of the new foot ferry coming in July.”

“Think of Capitol Hill as the epicenter of price, then a ripple effect outward,” Smith said. “You see multiple offers on one home, sometimes you have 10 offers on one place and when you combine that with limited inventory, it’s tough on Seattle buyers.”

With the Seattle market on fire, real estate agents in Bremerton have never been busier as people look for cheaper alternatives.

Kitsap to Seattle

Smith explains the allure of Kitsap County largely comes down to price, availability, and an easy commute. Bainbridge Island to Seattle is 35 minutes. A ferry from Bremerton will take you about 50 minutes. The new foot ferry will just take 28 minutes.

There’s also the attraction of a scenic boat ride instead of a snarled freeway.

“Kitsap County median prices on homes and condos for May of this year are up about 7.8 percent from this time a year ago,” Smith said. “Kitsap County’s median price is $307,250 for May 2017. That’s 82 percent less than King County’s median price of $560,000 for the same time frame. You can see why buyers might be interested in moving to Kitsap County.”

When people tell the story of the one that got away, it has nothing to do with romance. They are talking about a Seattle house they got out bid on. That’s not the case in Kitsap County. Homes on Bainbridge Island (the Medina of Kitsap County) spent 46 days on the market compared to 62 last year. Kingston (an up-and-coming area) is 80 days compared to 77 days last year. Bremerton (which now has two hot neighborhoods) is about 32 days compared 44 days last year.

Overall, Kitsap County real estate has been on the rise since the new fast ferry was voted in last November.

“The feeding frenzy isn’t as frantic in Kitsap County and you get more for your money,” Smith said. “We heard of one King County home that got 39 offers — 39!”

Local News

seattle seahawks...
Frank Sumrall

Russell Wilson booed during Sue Bird tribute video, tension-filled reunion on the horizon

His segment in the tribute video was met with a shower of boos at Climate Pledge Arena earlier this week.
20 hours ago
(KIRO 7)...
Nicole Jennings

Residents celebrate West Seattle Bridge reopening, but still much to do

There has been a lot of criticism over the two-and-a-half years the bridge has been closed, mainly over how long it has taken.
2 days ago
(KIRO 7)...
KIRO Newsradio Newsdesk

KIRO Newsradio Headlines: Lightning storms ignite 13 new wildfires in Eastern Washington

The KIRO Newsradio newsdesk brings you its top stories on the afternoon of Aug. 12.
2 days ago
Former U.S. President Donald Trump leaves Trump Tower to meet with New York Attorney General Letiti...
Associated Press

FBI seized top secret documents in Trump estate search

“Not only will I not oppose the release of documents," Trump said. "I am going a step further by ENCOURAGING the immediate release of those documents.”
2 days ago
whatcom ferry chief...
Micki Gamez

Whatcom County’s Lummi Island is getting a new ferry

The Department of Transportation awarded a $25 million grant to replace the 60-year-old Whatcom Chief ferry with a new and improved electric-hybrid ferry.
2 days ago
Photo from KIRO 7...
KIRO 7 News Staff

Bonney Lake Sumner Little League team advances to World Series on controversial play

In extra innings, the Bonney Lake Sumner Little League team advanced to the Little League World Series on Thursday, by a score of 3-2.
2 days ago

Sponsored Articles

Work at Zum Services...

Seattle Public Schools announces three-year contract with Zum

Seattle Public Schools just announced a three-year contract with a brand-new company to the Pacific Northwest to assist with their student transportation: Zum.
Swedish Cyberknife 900x506...

June is Men’s Health Month: Here’s Why It’s Important To Speak About Your Health

According to the Centers for Disease Control and Prevention, men in the United States, on average, die five years earlier than women.

Anacortes – A Must Visit Summertime Destination

While Anacortes is certainly on the way to the San Juan Islands (SJI), it is not just a destination to get to the ferry… Anacortes is a destination in and of itself!

Ready for your 2022 Alaskan Adventure with Celebrity Cruises?

Celebrity Cruises SPONSORED — A round-trip Alaska cruise from Seattle is an amazing treat for you and a loved one. Not only are you able to see and explore some of the most incredible and visually appealing natural sights on the planet, but you’re also able to relax and re-energize while aboard a luxury cruise […]

Compassion International Is Determined to ‘Fill’ a Unique Type of Football ‘Stadium’

Compassion International SPONSORED — During this fall’s football season—and as the pandemic continues to impact the entire globe—one organization has been urging caring individuals to help it “fill” a unique type of “stadium” in order to make a lasting difference in the lives of many. Compassion International’s distinctive Fill the Stadium (FtS, fillthestadium.com) initiative provides […]

What are the Strongest, Greenest, Best Windows?

Lake Washington Windows & Doors SPONSORED — Fiberglass windows are an excellent choice for window replacement due to their fundamental strength and durability. There is no other type of window that lasts as long as fiberglass; so why go with anything else? Fiberglass windows are 8x stronger than vinyl, lower maintenance than wood, more thermally […]
Kitsap housing market booms with fleeing commuters