Browsing Tag

NEXUSSeattle

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Market Reports, New Development, Realogics Sotheby's International Realty

The Value of Downtown Condos Continues to Skyrocket, as Lack of Supply Continues

According to NWMLS data for September, downtown Seattle values are skyrocketing as the median home price for in-city resale condominiums increased a staggering 35-percent year-over-year. The sharp increase in value is indicative of Seattle’s continued struggle with population growth, rising real estate prices for both renters and buyers, and a supply and demand imbalance with little relief in sight.

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Events, FutureCast Forum, Market Reports, Realogics Sotheby's International Realty

FutureCast Forum’s After Hours Event Furthers a Discussion About Seattle in 2020 and Beyond

Market Experts Opine About the Region’s Meteoric Future as a Global City on the Rise

Scores of guests assembled at MG2 Architecture in downtown Seattle during an evening reception on September 28th about the future of the Seattle and Bellevue metro area in the next decade. The town hall-like event was a continuation of provocative conversations started during the BISNOW “State of the Market” event hosted earlier in the week, which was attended by more than 400 industry stakeholders and local media.

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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

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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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