Prospective Buyers Lined Up for Limited “For Sale” Opportunity Priced from Below $350,000 to More Than $1.5 Million
Da Li Development USA, a Taiwan–based real estate development company and Realogics Sotheby’s International Realty (RSIR) report first position unit reservations and deposits were received on 95-percent of the 203 homes at KODA Condominiums – a new 17-story condominium that will be built at 450 South Main Street. The project debuted on Saturday, February 24th at 11am at RSIR’s New Developments Preview Center located at 2715 1st Avenue in downtown Seattle. Prospective buyers and brokers began lining up the night before the event, at 8pm on February 23rd. Approximately 300 registrants attended the debut of the development, resulting in an additional 80 second and third position reservations. The homes were offered for individual unit reservations, which identifies a specific condominium referencing its preliminary floor plan, specifications and price range in advance of official presales, which are anticipated to commence in the summer 2018 commensurate with the opening of the KODA Sales Center and the groundbreaking of the development. The efficiently-scaled homes range in size from below 400-sq. ft. to more than 1,100-sq. ft. with introductory pricing from below $350,000 to more than $1.5 million.
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.
Three panels lead engaging conversation around Seattle’s multifamily industry and its future
As our city skyline is scattered with cranes, BISNOW hosted nearly 200 registered members to discuss Seattle’s multifamily climate; specifically, its affordability, sustainability, and community design. Held at the Westin Seattle, three panels spanned a variety of topics, all relevant as the city experiences unprecedented population growth, construction costs, and housing demand.
Market Experts and Brokers Discuss Urbanization Trends and the Condominium Conundrum
Things are looking up, Seattle! That’s the clear consensus of market pundits tracking the extraordinary growth of jobs, population and development into 2020 and beyond. Nowhere is this growth more evident than in downtown Seattle. These were just a few of many findings during the October 23rd meeting of the FutureCast Forum held at the NEXUS Sales Center – a new, 41-story condominium tower that is rising in the northeast corner of city. Members of the FutureCast Forum include industry leaders in design and development, real estate appraisals and economics, wealth management and investment, mortgage lending, retail and lifestyle trends. Each contributor offers a unique perspective on how our city is growing into the next decade and rapid urbanization is the common thread.
Over 50 Realogics Sotheby’s International Realty (RSIR) brokers and clients gathered on Monday afternoon for a FutureCast Forum VIP Broker Recap Event, which was held at the NEXUS Sales Center by invitation-only.
As part of their revolving monthly forum, founding members Brian O’Connor (O’Connor Consulting Group), Brian Evans (Madrona Financial Services), and Dean Jones (RSIR) kicked off their inaugural broker panel discussion with a focus on the downtown Seattle housing market, with an emphasis on the effects of job growth, empty nesters downsizing, and the additional draws of downtown living. The conversation was particularly relevant, as the event was hosted in the Sales Center for NEXUS, the only condominium project expected to deliver with occupancy in 2019.
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.
Event Sparks a Conversation About Seattle and Bellevue’s Trajectory into 2020 and Beyond
On September 26th more than 400 registered guests joined industry thought leaders during the 2017 “State of the Market” Event held at the Westin Hotel in downtown Seattle. The first panel included Ada Healy of Vulcan Real Estate, Martin Selig of Martin Selig Real Estate and Tom Alberg of Madrona Venture Group and was moderated by John Hempelmann of Cairncross & Hempelmann. The second panel, moderated by Dean Jones, Principal of Realogics, Inc. and CEO of Realogics Sotheby’s International Realty, comprised of Jennifer Foschler of O’Connor Consulting Group; Brenda Gage of JayMarc Homes; Trevor Bennett of Caliber Home Loans; Christian Chan of Burrard Group and Brian Evans of Madrona Financial Advisors.
At Future of Downtown Event, FutureCast Forum Panel is Announced
On August 24, Realogics, Inc, in partnership with Bisnow, announced the FutureCast Forum and their headlining panel participation at the annual “State of the Market” event in September. The panel and its participants were revealed during the morning networking event held at the Four Seasons to a crowd of approximately 200 real estate professionals.
Seattle PI Explores The Meteoric Median Home Price Gains, Experts Pipe In
In an provocative article published by the Seattle PI on August 15th, the question of soaring rents and skyrocketing home prices has caused 71-percent of homeowners in Washington to worry about a housing bubble, according to a recent survey by ValueInsured.
On and on it goes, the continuing ascent of Puget Sound home prices.
While prices are rising across the country, the S&P CoreLogic Case-Shiller Index for April 2017 shows the Seattle metropolitan region again out in front of all others tracked by the index, including other Pacific Coast gateway cities. The city registered a 12.9 percent year-over-year price gain that month, compared with increases of 9.3 percent in Portland, Oregon; 6.6 percent in San Diego; 5.3 percent in Los Angeles; and 5.0 percent in San Francisco.