Seattle’s tech boom boosts luxury housing | A great article by HousingWire

Posted on October 25, 2015October 25, 2015 by Erin in Real Estate Market Data

Seattle’s tech boom boosts luxury housing

Homes priced above $1.5M surging

July 10, 2015 10:15AM

The technology boom is moving its way up the Pacific Coast, bringing a new surge in demand in housing for luxury homes listed at $1.5 million or more, an article in The Wall Street Journal said.

Real-estate agents say Seattle, the longtime home of software giant Microsoft and online-retailing behemoth Amazon, is attracting more technology firms because it offers a combination of local talent and lower housing prices than the tech centers of California.

The article explained that while the overall market is staying stable, luxury real estate prices downtown are growing.

For homes priced above $1.5 million, the average price a square foot was $494 in May, up 10% from the previous May. In 2013, Seattle’s population swelled to 652,405, up from 608,662 in 2010, according to census data.

This isn’t the only thing going on in Seattle housing. Real estate in the city could be on the verge of a seismic shift, thanks to a plan that’s working its way through the city’s governmental process.

According to a report from The Seattle Times, Seattle is considering a plan to do away with single-family zoning within the city and replace it with “lower density residential.”

Per the Seattle Times report, Seattle’s single-family zoning is a “defining feature of Seattle’s strong neighborhood feel,” and has been for more than 100 years.

Source: WSJ

http://www.wsj.com/articles/seattles-luxury-homes-get-a-tech-boom-boost-1436449162

Aviation Real Estate | Fly-in, Fly-out

Posted on September 25, 2014 by Erin in Aviation Properties, Specialty Properties

Helipads, runway homes and fly-in communities, oh my. No matter your preference, having aviation amenities to fly in and out at your leisure is certainly extraordinary. Explore four spectacular aviation homes for sale around the world, suited for aviation enthusiasts.

Price Upon Request | Alpine, Wyoming | Jackson Hole Sotheby’s International Realty

Fly-in Community

Nestled among rugged mountains and the Palisades Reservoir, The Refuge fly-in residential community has the greatest breadth and depth of opportunities for the true sportsman. The Refuge is a private community within the Alpine Airpark, a spectacular and user friendly airport with inexpensive fuel and no landing fees. The runway, at 5,664′ elevation, is 6,000 ft long and is situated in a convenient east-west orientation, ideal for the prevailing winds.

3.600.000 € EUR | Mallorca, Spain | Mallorca Sotheby’s International Realty

Helipad Home

This six bedroom country house sits next to a protected area offering total privacy and tranquility. The expansive terrace offers stunning panoramic views across the plains to the mountains. The home has a large swimming pool and its own helipad, making it easily accessible by air.

Price Upon Request | Exuma, Bahamas| Lyford Cay Sotheby’s International Realty

Seaplane Access Home

This private island in the central Bahamas offers the ultimate privacy without walls or fences. The property has living quarters for 22, comfy guest cottages and a main house. A spa, gym, salon and infinity pool add to this luxurious private resort. Set on the water, the property has docks leading out to the cerulean waters, perfect for fishing, snorkeling boating and arriving in a Cessna 208 floatplane.

$2,200,000 USD | Washougal, Washington | Brazen Sotheby’s International Realty

Hanger Home

Placed delicately on a quiet street, Mt. Pleasant Farm is a 5600 square foot home with 72 lush, private, awe-inspiring acres. It has a stable with 4 stalls, a private 1/2 acre lake, and completely uninterrupted 360 degree views of the Columbia river. The FAA certified runway leads to a 2,500 square foot airplane hangar that can hold any sized single engine, and most light twin engine, aircraft and has two sets of outdoor tie downs on the paved exterior pad.

Explore more fly-in communities >

Posted on September 25, 2014 by Lindsey Scharf

Aviation Real Estate | Fly-in, Fly-out

Gain insight to plan your investments by studying the luxury market

Posted on June 9, 2014January 7, 2015 by Erin in List your Property, Luxury Lifestyle Report, Real Estate Market Data, The Sotheby's International Realty Marketing Advantage, Tips on Buying and Selling Property

The Sotheby’s International Realty® Luxury Lifestyle Report, which is based on a survey of affluent consumers in the United States, United Kingdom, Brazil and China, reveals insights into the purchasing behavior of high net-worth consumers.

The Sotheby’s International Realty® Luxury Lifestyle Report surveyed affluent consumers in the United States, United Kingdom, Brazil and China, and found that the majority in all 4 countries are more likely to purchase a LIFESTYLE property now than they were 5 years ago, and to make a lifestyle property their primary residence.

A WATERFRONT PROPERTY was the top choice for what
affluent consumers would consider purchasing next.

TOP 5 lifestyle searches on sothebysrealty.com

List your Property, Real Estate Market Data

Posted on August 29, 2013January 7, 2015 by Erin in Just Listed, List your Property, Real Estate Market Data

Autumn presents the colors worthy of a masterpiece

The colors of autumn create a warm, inviting backdrop that blends cool evenings with great food and libation shared at home among family and friends. If you are in the market for a new residence for those harmonious evenings, allow us to assist. We take great pride in artfully uniting extraordinary homes with extraordinary lives.

If you are looking to sell your property, the fall is a great time to list your home. The fall offers far less competition for sellers, and the buyers that are looking tend to be more serious and urgently searching than many of those who are just starting out searches in the spring.

Let us show you the unique experience that Sotheby’s is known for. Elegance, attention to detail, exquisite marketing and exceptional results. No matter what the property, every client receives the same level of service. We will make sure this Fall is your favorite season!

Celine Dion Lists her Beautiful Jupiter Island, Florida home with Sotheby’s International Realty!

Posted on August 28, 2013January 14, 2015 by Erin in Famous homes sold by Sotheby's International Realty, Just Listed

Alexandre Parent

The Bahamian-style home of Celine Dion.

I wants to say Congratulations are in order to Cristina Condon of Sotheby’s International Realty in Palm Beach and referring Agent Joseph Montanaro, of Sotheby’s International Realty Quebec on their gorgeous listing here! See the article below recently published in the Wall Street Journal announcing this great property!

Celine Dion is putting her Jupiter Island, Fla., compound on the market for $72
million.

The 5.7-acre property has a Bahamian-style home that is nearly 10,000 square feet with five bedrooms and five en suite bathrooms, a formal living room with vaulted ceilings, a screened-in porch, a media room, an elevator and guest wing. The master suite has a walk-in closet with an automated rack for clothing and an automated carousel for shoes. It also has a wraparound terrace and two decks, one with an fireplace and another with a hot tub.

The property includes an eight-bedroom guesthouse, a tennis house with a simulated golf range, a pool house and a beach house with a sleeping loft and massage room. There are three pools, one at the rear of the property by the Atlantic Ocean, and two connecting pools at the front that have their own water park, with two slides, a bridge over a lazy river and watergun “stations.” The property has more than 400 linear feet on the ocean and has a four-car tandem garage and an additional three-car garage.

Ms. Dion and her manager husband, René Angélil, bought part of the land under her Canadian firm, Renlec Management, in 2005 for $12.5 million and then bought the adjacent property in 2008 for $7 million also under Renlec, according to public records. The couple razed the home on the first property to build their current spread, which was completed in 2010, according to referring agent Joseph Montanaro, of Sotheby’s International Realty Quebec.

Mr. Montanaro says Ms. Dion is selling the property because she’s going to be spending more time in Las Vegas, where her Caesars Palace show contract has been extended until 2019. Ms. Dion didn’t respond to requests for comment.

The listing agent is Cristina Condon of Sotheby’s International Realty in Palm Beach.

Some great Articles on the current Real Estate Market

Posted on August 12, 2013January 7, 2015 by Erin in Real Estate Market Data, Sotheby's International Realty Associates Listings, The Sotheby's International Realty Marketing Advantage, Tips on Buying and Selling Property

Below you will find some fantastic links to some great Real Estate Market Information!

Stay informed and make the most of your property!

Let me know how I can help!

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Million Dollar Home Sales Jump in U.S. as Wealthy Return

Home sales from Los Angeles to Charleston, South Carolina that are priced at more than $1 million are gaining at triple the pace of the broader market, according to real estate research firm DataQuick Inc

http://www.bloomberg.com/news/2013-08-08/million-dollar-home-sales-jump-in-u-s-as-wealthy-return.html

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Seller’s market: home sales and prices rise; supply falls

Home sales percolated higher in July, with pending sales, closed sales and prices all substantially higher than the same month in the previous year in most counties of Washington state

http://www.bizjournals.com/seattle/news/2013/08/06/home-sales-prices-rise-in-puget-sound.html?ana=e_du_pub&s=article_du&ed=2013-08-06&u=mHKDyZWvGoqr5MRJiP2WTp0ZD1t&t=1375828276

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King County median home price up 15 percent over year ago

A bump in interest rates in July didn’t derail the strongest home-buying stretch in the Seattle area since 2007, as the median price climbed year-over-year for the 16th consecutive month

http://seattletimes.com/html/businesstechnology/2021549284_julyhomesalesxml.html

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Forecasters say home values will jump 6.7 percent this year

More than 100 economists, real estate experts, and investment and market strategists predict home values will rise an average 6.7 percent year over year in 2013, according to Zillow’s latest home price expectations survey – See more at:

http://www.inman.com/wire/forecasters-say-home-values-will-jump-6-7-this-year/#sthash.cKtj0HFJ.dpuf

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Highlights of Zillow’s Interview with President Obama

President Obama answers housing questions from Americans around the country in an interview with Zillow CEO Spencer Rascoff.

http://www.whitehouse.gov/photos-and-video/video/2013/08/09/highlights-zillows-interview-president-obama

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NAR: Obama’s Zillow-moderated housing chat ‘not a serious discussion’

The selection of Zillow CEO Spencer Rascoff as the moderator of President Barack Obama’s chat with America about housing today seems to have the National Association of Realtors scrambling to explain how Zillow, and not NAR, got the call from the White House

http://www.inman.com/2013/08/07/nar-obamas-zillow-moderated-housing-chat-not-a-serious-discussion/#sthash.rUzZLulJ.dpuf

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Obama Looks to End Fannie Mae, Freddie Mac

President Barack Obama on Tuesday officially launched his campaign to transfer most of the risk currently undertaken by Fannie Mae and Freddie Mac to the private sector, saying during a speech in Arizona that the U.S. government should phase out the mortgage finance giants as part of an effort to prevent another taxpayer-funded bailout

http://www.law.com/jsp/nj/PubArticleNJ.jsp?id=1202614112285&Obama_Looks_to_End_Fannie_Mae_Freddie_Mac#ixzz2bUuqAB7h

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Fannie Mae Makes It Rain for Obama

Fannie Mae (FNMA) said this morning that its second-quarter profit nearly doubled, to $10.1 billion, as home prices surged and more consumers made good on their mortgage payments

http://www.businessweek.com/articles/2013-08-08/fannie-mae-makes-it-rain-for-obama

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Oregon home prices keep going up and up and up

Oregon ranked No. 6 in the nation for rising home prices in June

http://www.bizjournals.com/portland/blog/real-estate-daily/2013/08/oregon-home-prices-keep-going-up-and.html

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Hip, Urban, Middle-Aged

Baby boomers are moving into trendy urban neighborhoods, but young residents aren’t always thrilled

http://online.wsj.com/article/SB10001424127887324136204578644080452044960.html

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Should Home Sellers Overprice or Underprice Real-Estate Listings?

“The Price Is Right” isn’t just a game show. It is a mental strategy real-estate agents use to get the most money when listing a home.

http://online.wsj.com/article/SB10001424127887324136204578643942655355194.html?mod=WSJ_3Up_RealEstate

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When Condo Developers Suggest Preferred Lenders

Some condo developers and owners are playing favorites, asking potential buyers to use a “preferred” lender when buying a home

http://online.wsj.com/article/SB10001424127887324136204578642082895473800.html?mod=WSJ_RealEstate_MansionWeekly

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Eminent Domain Abuse

Robert Hockett of Cornell University Law on the Kudkow Report

http://blogs.wsj.com/developments/2013/08/08/mortgage-delinquencies-hit-five-year-low/

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Freddie Mac may sue over eminent domain seizures

Freddie Mac on Wednesday said it is considering legal action against Richmond, Calif, if the city uses eminent domain to seize mortgages of local residents

http://www.cnbc.com/id/100946560

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Frank Sinatra’s party pad

Back in his heyday, ‘Ol’ Blue Eyes’ leased this mid-century modern estate perched high above Los Angeles

http://money.cnn.com/video/pf/2013/07/18/pf-uh-frank-sinatra-party-pad.cnnmoney/index.html

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California city’s drastic foreclosure remedy: Seizure

The California city of Richmond said Tuesday that it’s ready to take an extraordinary step in its bid to stop foreclosures — threatening to wrest mortgages from the investors who now control them

http://money.cnn.com/2013/07/30/real_estate/richmond-underwater-homes/index.html

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Million-dollar ranches for sale

Located on hundreds of acres in some of the most scenic parts of the U.S., these ranches are selling for millions of dollars

http://money.cnn.com/gallery/real_estate/2013/07/18/million-dollar-ranches/index.html

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Oh, yeaaahh: Iconic house from ‘Ferris Bueller’s Day Off’ for sale

Remember this house? Cameron Frye, Ferris Bueller’s best friend in the cult classic Ferris Bueller’s Day Off, kicks a car through those windows. The listing is held by Meladee Hughes of Coldwell Banker Residential Brokerage

http://www.nbcnews.com/business/oh-yeaaahh-iconic-house-ferris-buellers-day-sale-6C10869250

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Mortgage rate spike finally hits housing

A sharp jump in mortgage rates from May to June are now beginning to weigh on the housing recovery

http://www.cnbc.com/id/100952350

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Million-dollar ranches for sale

Located on hundreds of acres in some of the most scenic parts of the U.S., these ranches are selling for millions of dollars

http://money.cnn.com/gallery/real_estate/2013/07/18/million-dollar-ranches/index.html

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Banks face more housing headaches

CNBC’s Jackie DeAngelis has the latest details on federal regulations taking aim at JPMorgan and PNC over mortgage related issues

http://video.cnbc.com/gallery/?play=1&video=3000189235

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Bathtubs That Make a Splash

A new wave of bath designs, from the high-tech to the artistic

http://online.wsj.com/article/SB10001424127887324136204578641872218710886.html?mod=WSJ_RealEstate_Mansion_MiddleBucket

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Home prices post highest annual gain in 7.5 years Aug 8, 2013

U.S. median home prices posted their highest annual gain in 7 1/2 years in the second quarter of 2013 –

http://www.inman.com/wire/71941/

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Home prices trending at fastest upward pace since 1977

U.S. home prices rose for the 16th consecutive month in June and are trending at the fastest upward pace since 1977 –

http://www.inman.com/wire/home-prices-trending-at-fastest-upward-pace-since-1977/#sthash.3fcR2iGB.dpuf

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Here’s Where President Obama Is Going on Vacation

Julianna Goldman reports on President Obama’s $7.6 million Martha’s Vineyard vacation home. She speaks on Bloomberg Television’s “In The Loop.” (Source: Bloomberg

http://www.bloomberg.com/video/here-s-where-president-obama-is-going-on-vacation-8pYDSHPpQu~WNH_RwY0KyQ.html

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Summer Rentals for Procrastinators

$295,000 for August including Labor Day, or $150,000 for two weeks in August

Southampton, N.Y.

http://online.wsj.com/article/SB10001424127887323968704578649952812235728.html?mod=WSJ_hps_sections_realestate_mansion

Issaquah Highlands Home Just Listed!

Posted on July 11, 2013January 7, 2015 by Erin in Just Listed, Open Houses, Uncategorized

This is a beautiful property in the popular area of Issaquah Highlands. Located on a quiet street, yet close enough to the popular amenities of the highlands, to be a very sought after location. Close to shopping, parks and with quick access to the I-90, this property is exceptionally placed. At the top of an elegant stair, up just high enough from the sidewalk below to give ample privacy, a private porch greets you. Perfect for sitting on warm summer afternoons. A lovely entry, with vaulted ceilings, presents a warm and comfortable welcome to all who enter. Gorgeous wainscoting and large windows, bring elegance and light to your formal dining room. A large open kitchen, with breakfast bar is exceptional for entertaining, as it is right off of the open living room. French doors lead to your private, fully fenced back yard and patio for play and relaxation. The upper floor houses all three bedrooms. The large master bedroom is filled with light from the large windows. It has its own master bath, with jetted tub, and separate W.C. and walk in closet. The other two bedrooms are ample sized with large closets and lots of light. A second full bathroom completes this floor. The lower part of the home, houses an extra-large two car garage and utility room, for your convenience. This home is exceptionally priced for the value of its construction and the area, it will not last long.

Offered at $514,800.

Open Houses :

Friday 11:00 – 2:00

Saturday 11:00 – 2:00

Sunday 12:00 – 3:00

1567 NE Iris, St, Issaquah Wa. 98029

Private Escapes: Buying a Vacation Home

Posted on June 20, 2013 by Erin in Real Estate Market Data, The Sotheby's International Realty Marketing Advantage, Tips on Buying and Selling Property

“Whether in a warm-weather locale or on a snow-capped mountain, owning a second home affords the opportunity to escape to your very own private sanctuary. In a recent survey released by the National Association of REALTORS®, 78 percent of vacation and investment buyers reported that now is a good time to purchase real estate.”

An excerpt from this amazing article about Vacation homes from Sotheby’s International Realty.

http://sirluxuryrealestate.com/2013/06/20/private-escapes-buying-a-vacation-home/

Sotheby’s International Realty Exclusive Waterfront Property Search !

Posted on June 6, 2013January 14, 2015 by Erin in Waterfront

Sotheby’s International Realty is the only real estate company that has a
“waterfront specific” search engine for you to locate or list a
waterfront property. This allows you to find exactly what you are
searching for. It also allows you as a seller, to offer your waterfront
property to every buyer looking for specific waterfront properties, all
around the globe. Experience the distinction, and the powerful marketing
that Sotheby’s International Realty can offer you. Explore the opportunities by following
the link above and start the journey to your perfect waterfront dream
property!

Advertise Your Lisitng To A Global Market!

Posted on May 25, 2013January 14, 2015 by Erin in The Sotheby's International Realty Marketing Advantage

Eastside real-estate brokers say they’ve noticed a wave of affluent mainland-Chinese buyers, to name a few, buying luxury homes in Medina, Clyde Hill and other millionaire rows in West Bellevue. Data and public records show they’re right. It’s part of a cash-buyer phenomenon sweeping the home market.

In King County, a Seattle Times analysis of property-tax payers with foreign billing addresses found the largest number are from Canada, China (including Hong Kong) and Japan.

International buyers are investing in Seattle-area real estate in growing numbers, buying multimillion-dollar homes, rent-producing properties and land for commercial development. There are at least a few who are buying property without setting foot on it.

The buyers have several motives: Some want a safe place to invest and diversify their fortunes. Others want their children to start school or university studies here. And some want to launch businesses here. The buyers have cash to spend and are eager to close a deal.

Listing your property with Sotheby’s International Realty gives you a Global Advantage in the market. Sotheby’s International Realty has one of the most powerful, global marketing power of any realty company brand in the world.

When you list with Sotheby’s International Realty your listing is not only presented to the local market at a much more aggressive level, but it is also distributed to the global market. This gives you the opportunity to reach millions of people worldwide with your listing, offering you the greatest possibility of selling your listing at the best possible rate.

Sotheby’s International Realty leverages Innovation, Experience, and International Impact to give you the most powerful listing available today, and the most lucrative opportunity in selling your property.

Excerpts from recent Seattle Times Article:

Originally published May 18, 2013 at 5:30 PM

By Sanjay Bhatt

Seattle Times business reporter

Sotheby’s International Realty Distinctive Global Marketing Advantage-

Leveraging Innovation, Experience and International Impact to give you the best results overall in the sale of your property.

– Search for properties in 16 different languages

– Sotheby’s International Realty currently has more than 12,800 sales associates located in approximately 660 offices in 47 countries and territories worldwide

– Using the most pre-eminent media powerhouses globally to bring your property to a savvy and relevant audience of consumers.

-NY TImes- 40 million unique monthly visitors

– The Wall Street Journal- with the savviest of investors as regular subscribers with 167 million impressions annually, and 3.5 million readers

– The BBC- the world’s most powerful news gathering operation with 47 million media impressions

– Bloomberg Market- read by the globe’s financial elite at 1.1 million subscribers

– The Financial Times- read by over 1,290,000 people worldwide in both English and Chinese

– The Telegraph- The UK’s paper of the year, reaching millions worldwide

– Archtectural Digest- Sotheby’s is the exclusive Realtor in the publication, delivering 8 million impressions per year

– You Tube- The worlds second largest search engine, and third largest website in the world

– South China Morning Post- Hong Kong’s premier English publication 500,000 media impressions

List With Us!

We showcase your property (Locally, Nationally & Worldwide) in the finest way possible. Excellent Photography, Staging for success, correct pricing and excellent professional representation are 4 key pillars in our marketing plan.