Global Real Estate Network Celebrates RSIR Broker Becky Gray in Significant Sale from Around the World
Executives of Realogics Sotheby’s International Realty (RSIR) confirmed today the closed sale of a property in Medina, Washington, for $26.75 million, which was listed for sale by RSIR broker and Global Real Estate Advisor Becky Gray. The estate is the most valuable residential listing ever listed and sold on the Northwest Multiple Listing Service.
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 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.
New Construction High-Rise Targets Discerning Down-Sizers & Globally-Minded Buyers with 3,000+ SF Homes
The Burrard Group, a Vancouver, BC–based real estate development company and Realogics Sotheby’s International Realty (RSIR) announced today the release of new floor plans atop NEXUS Condominiums – a new, 41-story high-rise community being built at the corner of Howell Street and Minor Avenue in downtown Seattle. This limited collection of larger format homes, referred to as the Sky Series Residences, will offer voluminous interiors of 1,400 square feet up to more than 3,000 square feet, with presale pricing from below $1.6 million to $4.9 million.
Digital Dream Team offers “Next Generation” in Residential Concepts Driven by IoT
The Burrard Group, developers of the 383-unit NEXUS condominium tower in downtown Seattle, recently announced a collaboration with Seattle-based IoT company Sirqul to establish a new product category for residential real estate – the smart connected building.
Global Real Estate Leaders Confirm Rising Demand among Chinese Investors; Cite Tax-Based Diversions of Investment to Washington State
Realogics Sotheby’s International Realty (RSIR) and Tiger Oak Media announced the distribution of an encore edition of the popular 92-page Seattle Luxury Living magazine timed with the inaugural flight of Xiamen Airlines, which arrived in Seattle on September 27th —the third airline to offer non-stop flights between Mainland China and SeaTac International Airport. The magazine is published entirely in Mandarin and is widely distributed to a Chinese readership to meet the rising demand among Mainland Chinese considering the Seattle/Bellevue metro area for investment, immigration, and education. The first edition with 20,000 copies was launched and quickly distributed on January 6, 2016, prompting the decision for an encore edition. The reprint was also motivated by recent media events that are magnifying Chinese interest in the Pacific Northwest.