In a recent visit to Seattle, May Lee of CGTN discussed the growing interest in Seattle with Dean Jones, President & CEO of Realogics Sotheby’s International Realty (RSIR), who told her “the secret is out and the Chinese know it.” Jones cited the state’s lack of income tax, top-ranked schools and relative affordability compared to other West Coast peer markets as contributors to the rise in foreign investment. And the Seattle appeal is certainly evident, as Lee reports that “according to a property website in China, searches for real estate here [in Seattle] have more than doubled beating out other favorites like Los Angeles, New York and San Francisco.”
In a recent article for Yangcheng Wanbao (羊城晚报), a significant media outlet reaching over 14 million readers in Guangzhou, the third largest Chinese city, Realogics Sotheby’s International Realty (RSIR) Owner & CEO Dean Jones offers expert insight in the Overseas Study/Immigration Section (留学移民) on the relationship between good school systems and Chinese homebuyers in the Puget Sound region.
Sotheby’s International Realty has announced an alliance with Juwai.com that enables the luxury real estate brand to generate Chinese buyer interest on one of the world’s most prominent real estate websites with over two million monthly visitors. As a truly international brand, Sotheby’s International Realty now has the most global representation on Juwai.com, displaying luxury listings from 65 countries and territories.
The popular West Coast cities of San Francisco, Los Angeles and Vancouver have long been the most direct routes to New World prosperity for Asian immigrants and their families. Now that generations of Chinese buyers have transitioned to life in North America, their experience and trend spotting is bringing to bear more practical considerations of economic fundamentals, financial and educational opportunities, and overall quality of life. So it’s no surprise that relative affordability, propensity for capital appreciation and even a recently imposed 15-percent foreign homebuyer tax in Vancouver, are boosting interest in alternative markets like Seattle—the next international gateway city on the rise.
Robert Pong, Realogics Sotheby’s International Realty (RSIR) broker and Asia Services Group member, recently flew to China to visit his clients and network in a visit to Hong Kong Sotheby’s International Realty and Beijing Sotheby’s International Realty. During this trip Pong covered six cities in ten days as he connected with his VIP clientele and various strategic Asia partners.
The Asian Real Estate Association of America Global + Luxury Summit was held in Honolulu, Hawaii from April 3 through 6, which was attended by several hundred members internationally. Dean Jones, President and CEO of Realogics Sotheby’s International Realty was a featured speaker for the third year in a row on the trends for foreign direct investment and immigration by Asian homebuyers. Jones led a panel discussion entitled “Make Your Market Matter,” which covered the way that secondary markets can become a primary focus for international buyers.
Seattle Region is Now #4 Most Visited Market in U.S. by Chinese Homebuyers Online; Luxury Home Sales Rise
Executives of Realogics Sotheby’s International Realty (“RSIR”) are pleased to announce the exclusive sponsorship of Juwai.com’s leaderboard advertising platform reaching thousands of prospective buyers each day. The partnership is timed with the Lunar New Year celebration that brings hundreds of inbound Chinese to the Seattle metro area and coincides with other initiatives by RSIR including the recent release of Seattle Luxury Living magazine, an all-Mandarin publication that highlights the Pacific Northwest lifestyle and showcases RSIR’s Asia Services Group and property listings.
As the Chinese New Year is upon us, more home sellers are hearing about interest from Mainland Chinese buyers in Pacific Northwest real estate. Certainly the attractions of Seattle, Bellevue, and the broader Puget Sound region are among the reasons, as is the relative affordability of this area when compared with the traditional “gateway” destinations of San Francisco, Vancouver B.C., Los Angeles, and New York City.
Asia Services Group is Uniquely Positioned as Eastside Transforms into an International Hub
On February 1st, 425 Business Magazine (“425″) highlighted Realogics Sotheby’s International Realty (“RSIR”) in a print article and homepage feature entitled “Eastside Real Estate is Growing Up.” In the piece, Adam Worcester digs into the inevitable growth of the Puget Sound area, which RSIR’s President and CEO Dean Jones says is moving vertically.
As yet another acknowledgement that Seattle has joined the league of global cities attracting Asian investment, immigration and homeownership, Palace Magazine recently published a special report on American cities that included the Emerald City with significant contributions by Realogics Sotheby’s International Realty (“RSIR”). The article also covered trends in typical markets including Boston, Las Vegas, Miami, New York and San Francisco.