Dozens of Prospective Buyers Formed a Line Prior to Opening of NEXUS Sales Center; Some Camped Out Overnight
Representatives of Burrard Group and Realogics Sotheby’s International Realty (RSIR) confirmed today that they have sold all 28 City Suites released at NEXUS Condominiums during the Encore Sales Event held on November 18th. Prospective buyers began forming a line at the NEXUS Sales Center at 4:30pm on Friday, November 18th – more than 18 hours prior to the doors opening at 11am the next morning. Initially, Burrard Group said it would offer 16 newly released homes located on floors 28 through 35, however prospective buyers that were patiently waiting in line learned of a special surprise release – an additional 12 City Suites on floors 3 through 6 were also made available. Overall, the 28 homes ranged in price from $340,950 to $667,950 and comprised of a mix of studios and urban one-bedroom floor plans varied from 354 sq. ft. to 498 sq. ft. The new offering was a result of disassembling a larger floor on the higher floors and making available studio units located in the above grade parking structure of the building, which will be accessed across the drive isle. Optional parking was sold for $75,000.
Market Experts Array Pent Up Demand for In-City Homeownership; Downtown Seattle Condo Prices Surge 33%
Representatives of Realogics Sotheby’s International Realty and Burrard Group announced a major milestone in the development of the 41-story NEXUS Condominium Tower today as it begins a vertical ascent towards completion in fall 2019. With excavation now complete, SKANSKA, the general contractor for NEXUS, has poured the foundation mat, which comprised of 3,900 cubic yards of concrete and measures up to twelve feet thick.
Representatives of Realogics Sotheby’s International Realty (RSIR), ReMax Northwest Realty and Attollo Development jointly announce the commencement of construction and home reservations for The Pinnacle at Alki – an eleven-unit, luxury condominium development located at 1118 Alki Avenue SW in West Seattle. Representatives confirm the boutique community, offered by The 11 @ Alki, LLC, has secured reservations on six of eleven homes and one home received a back-up reservation during a Design Preview Event held on Saturday, October 14th. Several dozen prospective buyers and brokers attended the reception to view floor plans, renderings, preliminary specifications and introductory pricing that ranged from a single one-bedroom plan of 885-sq. ft. and offered from below $800,000 to three-bedroom plans (1,723-sq. ft. to 2,043-sq. ft.) ranging in price from $1,500,000 to more than $2,350,000. Five homes remain for reservation, with presales commencing in November 2017. An Encore Preview Event is scheduled for October 21st (1-4pm) at 2715 1st Avenue in downtown Seattle.
Global Real Estate and Management Leader to Spearhead Sotheby’s International Realty Brand’s Global Growth Plans and Servicing Initiatives
On September 20th, Sotheby’s International Realty Affiliates LLC announced the appointment of Julie Leonhardt LaTorre, global real estate and management professional, as chief operating officer. In this role, LaTorre is responsible for overseeing the global servicing and operations functions for the Sotheby’s International Realty® brand.
Brokers Say the 2.5 Acre Estate is Next to Join a Run of Record-Setting Sales on Lake Washington’s Gold Coast
Becky Gray, Senior Global Real Estate Advisor with Realogics Sotheby’s International Realty (RSIR) has listed a 2.5 acre Medina waterfront estate for $28 million on the Northwest Multiple Listing Service today – currently the most valuable property offered for sale in King County.
- Built in 1929 the 5 bedroom, 4.75 bathroom residence and carriage house comprises 6,070 square feet.
- 150 feet of no bank waterfront in a quiet bay with a stunning southerly view of Mt. Rainier.
- Park-like grounds including a clay tennis court with a redwood surround and backboard, a circular entrance driveway to a three-car garage and a guest loft designed by George Suyama.
- Formal gardens with handmade brick herringbone paths, two nearly century-old Sequoia trees and a Cedar-lined pathway that mimics a walk in the forest, yet exists just moments from a world-class city on the rise.
The Popular Print and Digital Platform Will Distribute Media from The FutureCast Forum; Property Listings
Representatives of Realogics Sotheby’s International Realty (RSIR) and Tiger Oak Media, publisher of Seattle Magazine announced today a new real estate portal to host content in print and online with SeattleMag.com. The exclusive platform will distribute news media from The FutureCast Forum – a collaborative of third-party opinion leaders that explore current and projected market fundamentals influencing the Seattle/Bellevue metro area by 2020 and beyond. It’s founding members and guest columnists will provide timely insights on the state of the economy, commercial and residential development, evolving demographics, wealth management considerations, government policy, lifestyle trends and international influences that are shaping the regional landscape. RSIR will also feature relevant property listings on the new media channel.
JayMarc Celebrates 100th Home Delivery within Mercer Island and West Bellevue while Pundits Warn of Rising Land and Construction Costs; Predict New Home Slow Down and Escalating Values
Representatives of JayMarc Homes have delivered the 2017 “425 Idea House” located at 9803 SE Shoreland Drive in Bellevue, enviably located within walking distance of Old Main Street attractions. The 5 bedroom, 4.5 bathroom manse is comprised of 5,690 sq. ft. with three stories, an in-home garage and inspiring views of Whalers Cove and downtown Bellevue. It’s the centerpiece of 425 Magazine’s 11th annual showcase of design, architecture and lifestyle, which was previewed on September 14th for ticketed guests and attracted more than 160 attendees. Listed for $4,488,888 by broker Daniel Sessoms of Realogics Sotheby’s International Realty(RSIR), a public open house weekend is scheduled for Saturday, September 16th and Sunday, September 17th from 11 a.m. to 5 p.m.
The firm’s resales surpass $1 Billion in 2017, a pace of growth that is credited to RSIR’s exclusive marketing platforms, international buyers, and broker micro-branding
Representatives of Realogics Sotheby’s International Realty (RSIR) confirmed today the firm has posted more than $1 billion in closed and pending home resales year to date, not including $225 million in new construction condominium presales that are also pending. The firm pegged a 40.6-percent growth rate for sales volumes year-over-year so far in 2017, according to Trendgraphix, leading the top ten largest real estate brands. The relatively boutique-sized company, comprised of just 225 brokers, also leads its immediate peer group in the average selling prices ($985,000), average buyer contracts ($839,500), average listing prices ($2,177,900) and total listing production per broker ($2,910,710) when comparing on a trailing 12-month basis per NWMLS data as of August 31, 2017.
Earlier this month, Puget Sound Business Journal’s Patti Payne featured Big Valley Ranch, listed by Realogics Sotheby’s International Realty brokers Jay Kipp and Peter Phillips in an edition of “Cool Pads,” which describes the 177-acre riverfront estate and outlines the storied history of its owners, “the late Seattle businessman and philanthropist Harold Heath and his widow Tina Heath.”
Realogics Sotheby’s International Realty Broker Becky Lee Ranks 4th on List of Individuals by Average Sales Price
Becky Lee of Realogics Sotheby’s International Realty (RSIR) today announced she was recognized on the 2017 REAL Trends/The Wall Street Journal “The Thousand,” a summary of the top 1,100 independent real estate agents and teams in the United States.