Browsing Tag


In-City Condos, News Article

CGTN Reports on Seattle’s Tech Fueled Growth; Visits NEXUS to Discuss Rare New Construction Condominium Opportunity in the Emerald City

Following a recent visit to Seattle, May Lee, a reporter with CGTN and a US-based affiliate of China’s CCTV, reported on the city’s tremendous growth rate, highlighting that big businesses are fueling the upward trend. Lee met with local market leaders to explore the latest activity in Seattle in a tour that included conversations with city leaders and a presentation by Terry Bendrick, Vice President of Burrard Group, at the NEXUS Sales Center.

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Announcement, Luxury Brokers, PR, Realogics Sotheby's International Realty

According to Recent Trendgraphix Research, RSIR is the Fastest-Growing Firm Among the Top 10 Largest Real Estate Companies in the NWMLS

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.

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Events, Extraordinary Living

As Featured in LUXE Magazine: Luxe in the City at NEXUS

In the latest edition of LUXE Magazine, the celebration event showcasing the launch of the Sky Series Residences along with new penthouse floor plans for the NEXUS tower. Hosted by Realogics Sotheby’s International Realty and Burrard Group, the reception was a grand affair that featured culinary delights with fine cocktails. Celebrating luxury lifestyles, this event held at the NEXUS Sales Center was a great success and a true testament of what NEXUS stands for. Continue Reading

high rise construction cranes  across downtown  Seattle, Washington
In-City Condos

Is Downtown Seattle Sold Out? Year-Over-Year Median Price of Condominium Resales Spiked 27-Percent in July to $660,206

Lack of New Construction Inventory Trims Overall Absorption, Only 42 Resale Units Available

With an urban center of more than 70,000 residents, it’s remarkable that only 42 resale homes are listed for sale on the NWMLS with a median asking price of $1,175,000. Just 3 resale listings are available at prices below $500,000 and only 15 are priced below $1,000,000. Now consider that there are 46 pending resales, which means the rate of sales is eclipsing the supply of new listings. July is just a continuation of a trend discovered earlier when the first half of 2017 revealed diminishing affordability and an acceleration of luxury sales in downtown Seattle.

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Immigration, News Article, Real Estate

New Report Indicates Half of China’s Rich Plan to Move Overseas

According to the newly released Hurun Report and a CNBC news article that followed, “half of Chinese millionaires are considering moving overseas, and the U.S. remains their favorite destination.” Top considerations among potential buyers include education and living environment, and of the top destination cities in the U.S., Seattle was second only to Los Angeles, a sign that the Emerald City has arrived as a global gateway city. The flurry of foreign investment is largely the result over growing concerns regarding the devaluation of the yuan, cited as a concern of 84% of Chinese millionaires.

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Broker, News Article, Realogics Sotheby's International Realty

Seattle Times Asks “Will Seattle figure out how to deal with its new wealth?”

Discussing the newfound wealth in the city and the ways it is emerging, from popular designer shoes with a $650 price tag to luxury condominium developments, Seattle Times asks a question on the minds of many Seattleites: will the city figure out how to deal with its new wealth? In an effort to uncover an answer, Seattle Times spoke with Dean Jones, Owner & CEO of Realogics Sotheby’s International Realty (RSIR) and Moira E. Holley, a founding member of the firm.

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