In our current real estate cycle, in which we have a completely tilted supply and demand curve (where 80,000 people are moving into King County annually with only 8,000 new units being built) the bidding wars have gotten a little out of hand. Given Seattle’s hot real estate market, I have met with sellers who have posed the following question: Why go with a full-service broker when there will be multiple offers anyway? Does marketing matter?
Read MoreRealogics Sotheby’s International Realty’s acclaimed Research Editor and Data Analyst, William Hillis, has assembled a year-over-year review of eight key counties and 29 regional markets around the Puget Sound. In addition to in-depth market analysis, the report includes the “Condominium Conundrum,” Seattle’s stellar performance on the S&P CoreLogic Case-Shiller Home Price Index, the effects of Chinese capital controls and Canada’s restrictions on foreign buyers, landmark sales on the Eastside, and more. I have compiled a selection of key highlights including trends to watch, to spark a conversation so we may outline the implication for homes in your city.
Read MoreIndeed.com recently released their 2018 report on “The Best Jobs in the United States” and in a set of results unsurprising to Seattleites who have become accustomed to the influence of two particular industries in recent years, the technology and construction industries dominated the list. Though Indeed recognizes that there is a confluence of factors that contribute to what makes a job ideal, they narrowed categories down to two factors: 1) jobs with a minimum baseline salary of $75K and 2) jobs that have seen significant growth on Indeed.com within the past few years.
Read Morellowing the announcement that British Columbia is increasing their foreign buyer tax on home purchases from the current rate of 15-percent up to 20-percent, King 5 News reported that the move “may create more demand from wealthy Chinese investors and homebuyers who are looking to purchase property in Washington state.” Adding to demand amidst anemic inventory supply, particularly in downtown Seattle condominium stock, however, is causing some worry.
Read MoreWeeks before the Lunar New Year celebrations began, the Realogics Sotheby’s International Realty Asia Services Group held a Town Hall meeting to review best practices when working with overseas buyers. The meeting was also attended by China Daily reporter Linda Deng, who covered the findings in a recent China Daily cover story, and was moderated by Marc Berger from Nyhus Communications.
Read MoreWith sixteen school districts in King County asking voters to approve levies in the election on February 13th, many residents are asking questions about why the districts need additional funding, and whether the levies are necessary. This special election will mark the first since the McCleary educational funding ruling, which has caused many voters reason to question whether the levies need support.
Read MoreNew luxury home on a quiet street by D Mitchell Homes. 3342 sq ft. 4 bedrooms, den, and bonus room. Stamped concrete driveway surrounded by award winning landscaping that features irrigation, and a fully fenced backyard with a 350 square foot covered patio with skylights and a gas BBQ connection.
Read MoreSigning the final paperwork and receiving the keys to your new home marks an exciting transition from the end of the transaction process into homeownership, and can often be accompanied by a sense of uncertainty at what to do next. For many, it’s difficult to know where to start and what to address first, so the Times put together 6 tips that all new homeowners should consider in order to save money and make the most of their investment.
Read MoreAs Seattle Times reports, a recent home sale in Tukwila likely marked the first purchase in the Seattle area to utilize Bitcoin and other cryptocurrency in the transaction. The Tukwila home sold for $415,000 to a young investor who “used a combination of bitcoin cash (a new type of bitcoin) and several other cryptocurrencies for the 10 percent down payment and to help secure a conventional mortgage for the remaining cost of the house.”
Read MoreWe are just weeks from the start of 2018 and as we move closer to the start of the New Year, experts are making their predictions about what to expect in the next twelve months. In anticipation of their upcoming “Seattle Forecast Event” in January, Bisnow outlined a few Seattle trends we’ll expect to see in the coming year.
Read MoreThe Eastside has made numerous headlines in recent weeks, from median home prices that continue to skyrocket, to Microsoft’s major announcement of an expansion and renovation at its Redmond campus.
Read MoreAs a recent Seattle Times article proclaims, “Seattle’s changing so fast it could make your head spin.” This comes in response to the release of the Atlantic Media/Allstate Regional Renewal poll, which surveyed 400 Seattle residents to gain their insights about what it’s like to live in the Emerald City.
Read MoreEarlier this week, Seattle Times connected with a delegation of 15 real estate agents from mainland China to discuss why so many Chinese foreign nationals are purchasing homes in the Seattle area, and whether they expect the trend to continue. As the Times reports, some of the main factors drawing Chinese buyers to the Emerald City include “good schools, clean air, proximity to China, beautiful natural resources with lakes and mountains and the growing economy.”
Read MoreAs a recent article in The Street declares, “you wouldn’t leave a $10 bill lying on the sidewalk, so why would you leave $10,000 on the table when selling your home?” And though it is common for emotions to run high when making a move, it is key to remember that “selling your home is a business transaction and should be treated as one.”
Read MoreAccording to a recent Bellevue Reporter article, the city of Bellevue was recognized by SolSmart, a national energy efficiency program that launched in 2016, with a Bronze Designation “for making it faster, easier and more affordable for homes and businesses to go solar.”
Read MoreIn late September, real estate agents from around Washington state gathered together at the 2017 Washington REALTORS® Fall Business Conference. I was joined by my fellow Realogics Sotheby’s International Realty (RSIR) brokers Bob Wold and Jason Gibbons, along with our Seattle Branch Manager and Designated Broker, Michael X. Ford.
Read MoreThe recent announcement of Amazon’s plans to build a second headquarters outside of Seattle, has multiple cities vying for the newest location. According to an article featured in Business Insider, the city chosen, ultimately stands to benefit from a “massive economic gain.” Amazon is looking to large cities and has many speculating “Chicago, Dallas, Philadelphia, and Atlanta could be the strongest contenders.”
Read MoreTaken from the French word for “beautiful view”, the name Bellevue perfectly depicts the lush Pacific Northwest city located east of Lake Washington. Below is my guide to the best of what this beautiful city offers.
Read MoreNow has never been a better time for tech employees at the retail giant Amazon to purchase a home on the eastside, specifically Bellevue. With their recent team expansion announcement, Amazon continues to grow their reach in Bellevue in their newest 354,000-square foot building.
Read MoreLocated less than a mile from the heart of Seattle and south of the central business district, sits The Chinatown-International District. This historic community is rich with culture, traditional cuisine, and has a charm unique to the area.
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