Browsing Tag

significant sales

Luxury Real Estate

A Look at Some of the Top Sales of 2017

A recent feature in Curbed Seattle takes a look at the top twenty residential sales of 2017, from sweeping estates in Laurelhurst and Broadmoor to unforgettable modern living in the city’s most luxurious skyscrapers. Realogics Sotheby’s International Realty is proud to share that three of our sales made the list, the first a stunning condo in 1521 2nd Avenue represented by Julie Biniasz, the other two, residences within the Broadmoor community listed by Laura Halliday.

Continue Reading

Announcement, PR, Realogics Sotheby's International Realty, Significant Sales

Realogics Sotheby’s International Realty Announces Record Breaking Sale of $26.75 Million Medina Estate; The Most Valuable Listing Sold and Closed in NWMLS History

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.

Continue Reading

In-City Condos, Luxury Real Estate Market, Realogics Sotheby's International Realty, Rent vs Buy

Market Watch Q3 2016 – Downtown Seattle Condominiums

The in-city housing market in our Emerald City has a split personality. Buy or rent, the message is the same – it’s going to cost more and more to live here. This fact is reigniting the debate between renting and homeownership and developers are listening.

Downtown Seattle is a very robust rental market, which has welcomed more than 12,500 new construction units since 2011. Despite this massive increase in supply, economist Brian O’Connor says rents have still grown by more than 40-percent over this term due to an imbalance with supply and demand. According to Zumper, Seattle is now in the top ten most expensive rental markets in the nation with a median price of $1,800 per month (half are more, half are less) for one-bedroom apartments. Average rents of newer apartment towers downtown can demand $3.50 to $4.25 per square foot, per month. So a 600 sq. ft. one bedroom could easily cost a renter $2,100 to more than $2,500 per month. That kind of monthly payment could service a healthy mortgage. Recently, Zillow stated that 22-percent of Seattle’s renters can afford to buy. They have the incomes and credit scores to own, so why don’t they?

Continue Reading