For the second year in a row, the city of Seattle has more cranes than any other city in the U.S., as the Emerald City construction boom shows no signs of slowing down. As a recent Seattle Times article outlines, many cities around the country are seeing a decline in cranes, dropping an average “8 percent over the past six months,” yet the number seen in Seattle as of early July is at 58, which is “60 percent more than any other U.S. city” and unchanged when compared to cranes in Seattle this time last year. Seattle’s count gives it a staggering 22-crane lead over Los Angeles, the second place city, though other North American cities such as Toronto are soaring high above Seattle, currently at 81 cranes.
Three and Four Bedrooms Up To 3,000+ Square Feet
Burrard Group and Weber Thompson have saved the best for last, releasing two new floor plans high atop the 41-story NEXUS condominium tower. The two plans will occupy the entire southwest and northeast elevations of the 39th and 40th floors comprising either a three bedroom plus den or four bedroom plus den, respectively offered from $4,799,950 to $4,899,950. Beyond the stunning views and voluminous interior living spaces, these penthouse style homes will offer 10-foot ceilings, an owner’s retreat with five piece bathrooms, a guest powder room and even a laundry room.
On a sunny Seattle evening last Wednesday, fashion-forward partygoers flocked to Realogics Sotheby’s International Realty’s newest office branch, Park House, located in the heart of Madison Park. The stunning boutique showroom played host to the Style & Urban Bourbon event, which featured savory appetizers, handcrafted premium bourbon from Seattle’s OOLA Distillery, and personal fittings from J. Hilburn stylist Annette Dresser. Guests mingled with RSIR’s global real estate advisers while learning about the season’s latest fashion trends and perusing the curated trunk show.
To register for upcoming lifestyle events at the Park House in Madison Park, visit ParkHouseEvents.com.
Guest of honor and Stylist Annette Dresser (left) with RSIR Owner and Vice President Stacy Jones
Realogics Sotheby’s International Realty (RSIR) is excited to bring you this month’s event calendar! Your comprehensive guide, take a peek at what’s going on! From a culturally enriching festival at the University of Washintong and a “Chilly Hilly” bike ride on Bainbridge Island, to a celebration in Bellevue in honor of the Lunar New Year, here’s what’s happening around the sound this February:
Select Links Below to View Full Calendar of Events in Each Community
A new report by Cicely Wedgeworth for realtor.com has shown that the 2017 housing market is going to be shaken up by an influx of prospective first-time millennial home buyers. Here is what you need to know:
The Great Real Estate Revolution Of 2017
According to a recent survey by realtor.com, in 2016, only 33% of people planning on purchasing a home were first-time buyers. This upcoming year, however, is slated to see a dramatic increase in this demographic, which is expected to jump to 52%, of which, a staggering 61% of perspective buyers are under the age of 35. This means that the 2017 real estate market will subsequently see an increase in competition for housing amongst first time home buyers.
Competition Will Be Intense
With this influx of first time millennial home buyers, the competition for housing within the real estate market will be more substantial than 2016. Jonathan Smoke, chief economist for realtor.com, recommends trying to “’avoid bidding wars and higher prices spurred by a potential increase in millennial buyers’” by considering a winter home purchase. When examining the 2017 real estate market, it is also important to investigate which types of properties will be the most sought after.
Washington’s Largest Affiliate Makes “Hall of Fame” for Fifth Year; Cites “Change Agent” Status for Growth
Realogics Sotheby’s International Realty (RSIR) was recognized by The Puget Sound Business Journal (PSBJ) among the top 100 “Fastest Growing Private Companies” in Washington State, according to their 2016 Book of Lists. RSIR is ranked 46th on revenues of $20.66 million in 2015 posting an increase of 125.62-percent compared with 2013. The firm was previously ranked 71st in 2015, 91st in 2014, 24th in 2013, and 2nd in 2012. The list was compiled by companies headquartered in Washington State that posted corporate revenues of ate least $500,000 in 2013 compared with 2015. The sold out event was held at Century Link Field on October 21st complete with photo opportunities on the play field, an inspirational speech by former Seahawks Quarterback Jim Zorn and a performance by the Seahawks “Blue Thunder” drum team.
In a recent article published by the Seattle PI, Daniel Demay declares “Seattle among the World’s Most ‘Future-Ready’ Cities,” according to a report released by Dell. As Demay begins, “say what you will about the tech boom in Seattle – it’s good for having a future-ready economy” as it was ranked 13th among 50 cities around the world.
Dean Jones, President & CEO of Realogics Sotheby’s International Realty (RSIR) offers insight in the latest Real Estate Buzz entitled “Condo demand rising faster than supply,” as the Daily Journal of Commerce says that the rate of demand for condos in downtown Seattle is much higher than available supply.
Last month, US News released their annual ranking of top U.S. cities to live in, and according to their calculations, Seattle ranks 7th in a comparison of 100 of the nation’s top cities. The list is based on a methodology incorporating the job market index (20%), value index (25%), quality of life index (30%), desirability index (15%) and net migration (10%). What elevated Seattle to the top? As Naomi Tomky describes, “for many, living in Seattle has as much to do with what’s outside the city as what’s inside. Less than an hour from downtown, residents escape for the day or weekend to wineries, ski resorts, hiking trails and sprawling parks. Seattleites bring that love of nature into the city as much as possible, enjoying Seattle’s parks and tree-lined streets” in addition to what Tomky says is an inherently calm and patient attitude.
To celebrate Seattle’s feature and highlight the diverse lifestyle options found in the city, we explore a few of our favorite current listings below: