West of Market Real Estate

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West of Market Real Estate

We are so enamored with our newest listing we just wanted to share just a few of the unique things that make this home so special. Remodeled in 2017, this custom-built home offers 4,462 square feet of elegant living spaces with gorgeous millwork, thoughtful details, and innovative design throughout. 

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Market Trends from Around the Sound

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Market Trends from Around the Sound

I am proud to present a look at the housing market trends for the fourth quarter of 2017, from the shores of Bainbridge Island’s waterfront homes and in-city living opportunities to the Eastside’s most distinguished residences.

Seattle  |  Single Family Homes

Seattle home prices continued to reach far beyond seller’s expectations in Q4-2017, as the median sales price increased 16.7% year-over-year to %882,000. View report here

Eastside  |  Residential

Q4-2017 posted impressive gains on the Eastside, as the average sales price increased 11% compared to last year and the days on market plummeted to 26 days. View report here.

Bainbridge Island  |  Residential

Bainbridge Island continues to attract buyers, as the number of homes sold was up slightly compared to Q4-2016 despite a sharp 32.9% decrease in inventory. View report here

Seattle  |  Condominiums

The average sales prices for condominiums in Seattle as a whole increased by 11.6% compared to the third quarter of 2016, while the value of condos in the downtown core continues to skyrocket. View report here

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Catherine Ferrera's January Rezora

 
The diverse events, happenings and experiences in the Puget Sound are unlike any other.
From Friday Night Jazz at Cypress Lounge & Wine Bar in Bellevue to the Seattle Boat Show, discover what your city has to offer.

Explore Events >
 
 
1. 1715 SW Trenton Street, Seattle  This charming remodeled 3 bedroom, 2 bath home includes a new roof, Hardiplank siding and double pane windows. Sold for $550,000.
 
2. 15008 93rd Place NE, Bothell  Special home in desirable Amber Ridge with a private, spacious, backyard overlooking an expansive greenbelt, fully fenced. Sold for $785,000.
 
 
5003 E Pickering Place, Shelton  Impressive 4.3 acre waterfront estate on South Puget Sound! Two homes, surrounded by water, private tidelands and serenity. Gated property to main home with 4 bedrooms, 4 baths, offices, elevator, 5 stone fireplaces, chef's kitchen, custom hardwood & stone masonry throughout. Immaculate landscape including stone patios, covered decks & gardens. Offered at $2,100,000.

Explore Property >
 
 
The city of Bellevue held the global spotlight recently, as a Mansion Global feature heralded the area as a “haven for outdoor enthusiasts, [and] tech employees” with its “waterfront access, leafy neighborhoods and cosmopolitan restaurants and boutiques,” and ever-growing tech sector jobs. Bellevue has certainly seen its fair share of growth in recent years, as it is now home to approximately 150,000 people and 1,300 businesses with 45,000 employees who revel in PNW recreational opportunities that complement its urban edge.

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As one of the leading companies in tech news, GeekWire has been tracking the number of out-of-town tech companies that have opened engineering centers in the Seattle area for the past few years, and as they recently reported, “the list has doubled in size.” The addition of Baidu’s new Bellevue office brought their list to over 100.

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Selling a home can be an emotional experience. From the initial excitement of putting your home on the market to sadness when it's time to walk away from a house full of memories, explore the entire emotional road map you will probably experience when you sell.

View the Infographic >
 
 
If you are considering downsizing to a smaller home, the Seattle Times has put together an excellent list of tips to help make the transition as easy as possible.

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LexSet is aiming to revolutionize the way consumers design for their homes. According to a recent Forbes article, "LexSight will enable spatial searches using images you take with your mobile camera that will provide material and product suggestions based on items you have in your home. Let’s say you want to find the perfect sofa  to go with your new rug: the program will use AR to show you how it looks in your actual space." Sounds exciting! 

Read More >
 

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Bitcoin and Real Estate: What You Need to Know

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Bitcoin and Real Estate: What You Need to Know

In a first for the Seattle-area, a local man recently purchased a home (in Tukwila) with cryptocurrency. The Seattle Times reported that, "...the buyer used a combination of bitcoin cash (a new type of Bitcoin) and several other cryptocurrencies for the 10 percent down payment and to help secure a conventional mortgage for the remaining cost of the house."

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#RSIRMomentum

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#RSIRMomentum

On December 6th, Realogics Sotheby's International Realty (RSIR) hosted the 2017 Momentum Forum at Bell Harbor Conference Center in Seattle. The day featured inspiring panel discussions with top ranking Sotheby's Realty brokers Shen Schulz of Malibu, Bill Fandel from Telluride, and Gregg Lynn of San Francisco. We were also joined by Sotheby's International Realty Global Vice President of Affiliate Services, North America, Tony Dolceamore and John Meschke, Vice President of Affiliate Services at Realogy, Sotheby's International Realty Affiliates, LLC.

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Catherine Ferrera's December Newsletter

Realogics Sotheby's International Realty presents a look at the housing market trends for the third quarter of 2017, from the shores of Bainbridge Island's waterfront homes and in-city living opportunities, to the Eastside's most distinguished residences.

READ MORE...

Microsoft announced that it's beginning construction on a massive expansion and overhaul of its Redmond facilities. The project with break ground in 2018 and take between five and seven years to complete.

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A Seattle tradition for 25 years running, the Sheraton's Gingerbread Village is open now and submissions this year have followed the theme of "Seattle's Past and Future." Get ready for a walk down a (very sweet) memory lane. 

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3) 15008 93rd Place NE, Bothell  Pending in 6 days and received 12 offers!  This special home in the desirable Amber Ridge neighborhood has been remodeled and boasts a private & spacious backyard. Offered at $699,000

2) 1655 10th Avenue E, Seattle  This Capitol Hill 4 bedroom, 4.5 bath home features a MIL/studio and boasts amazing views of the Seattle skyline, Lake Union, and the Olympics. Offered at $2,350,000

3) 5003 E Pickering Road, Shelton  A unique property with the main home consisting of 4 bedrooms and 4 bathrooms all situated on 4.3 gorgeous acres. This property is a haven for boaters with 975 lineal feet of low bank salt water and private tidelands. Offered at $2,100,000

In need of a main dish for your holiday dinner? We have your answer. This receipe from EpiCurious will have your guests in awe and their stomachs happy.

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Tips and ticks to fool your neighbors, and other unwanted attention, when you're gone for the holidays.

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Catherine Ferrera's October Newsletter

The winter months are quickly approaching and it's right about that time to start prepping your home for the cold days ahead. Check out these helpful tips from HGTV on weatherproofing your house!

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435 8th Avenue West, Kirkland  I am excited to announce that my client's Kirkland Luxury Estate, which went pending in 14 days, closed! Remodeled in 2012, this custom-built, 3 story home offers 7,680 square feet of luxurious living with thoughtful touches, custom millwork and an elevator. Sold for $4,200,000.

EXPLORE PROPERTY...

A great vendor of mine, Jon Gilbo with Diamond Home and Landscaping, can install holiday lights for you. He can also clean out your gutters and clean off your roof. Mention my name and get a 10% discount!

Diamond Home and Landscaping Services
Jon Gilbo  |  425.773.1736
Homeandlandscaping1@gmail.com

1) 1655 10th Avenue E, Seattle  This Capitol Hill 4 bedroom, 4.5 bath home features a MIL/studio and boasts amazing views of the Seattle skyline, Lake Union, and the Olympics. Offered at $2,350,000

2) 5003 E Pickering Road, Shelton  A unique property with the main home consisting of 4 bedrooms and 4 bathrooms all situated on 4.3 gorgeous acres. This property is a haven for boaters with 975 lineal feet of low bank salt water and private tidelands. Offered at $2,100,000

3) 1715 SW Trenton Street, Seattle  Welcome home to this charming remodeled 3 bedroom, 2 bath home in West Seattle. Easy access to Downtown Seattle, I-5 & 99. Offered at $525,000 

4) 10017 NE 129th Place, Kirkland  Currently Pending | Charming 3 bedroom, 2 bath end unit town home remodeled and turnkey. Bay windows and fully fenced backyard with deck. Offered at $525,000

Last month, more than 400 guests joined industry thought leaders during the 2017 “State of the Market” Event held at the Westin Hotel in downtown Seattle. The BISNOW platform was a timely opportunity for Realogics, Inc. to launch The FutureCast Forum, described as "a collaboration of stakeholders to explore the current and projected market fundamentals and trends influencing the Seattle/Bellevue metro area by 2020 and beyond."

READ MORE...

While it is common to self-evaluate your finances at the end of the year or even in January, it is a good idea to start sooner. According to a recent article on USA Today, taking stock of your "victories and losses" in October allows you to "right potential wrongs before it is too late."

READ MORE...

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Catherine Ferrera's September Newsletter

The diverse events, happening and experiences in the Puget Sound are unlike any other. From this weekend's Kirkland Oktoberfest to Fashion Week at The Bellevue Collection, discover what your city has to offer.

VIEW EVENTS...

435 8th Avenue West, Kirkland  Remodeled in 2012, this custom built, 3 story custom home offers 7,680 square feet of luxurious living with thoughtful touches, custom millwork and an elevator that travels to all levels of the home. The estate’s magnificence is amplified by spectacular views of Lake Washington, Mt. Rainier, the Olympics and Seattle skyline. Offered at $4,200,000.

EXPLORE PROPERTY...

Life on the shores of Puget Sound, as well as its neighboring straits and harbors, lakes and archipelagos, offers all the pleasures and adventure that draw people to the water’s edge. We are proud to present a look at the waterfront market trends for the first half of 2017, from the shores of Bainbridge Island to the Emerald City and the Eastside.    

READ THE REPORT...

5003 E Pickering Road, Shelton  Pickering Passage Retreat is a unique property with the main home consisting of 4 bedrooms and 4 bathrooms all situated on 4.3 gorgeous acres. This property is a haven for boaters with 975 lineal feet of low bank salt water and private tidelands, shellfish beaches, concrete boat launch ramp, boulder bulkhead, deep water year-round boat mooring buoy with anchoring system and is within close proximity to several public and private marinas. Offered at $2,100,000.

EXPLORE PROPERTY...

Representatives of Realogics Sotheby’s International Realty confirmed last week that 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% growth rate for sales volumes year-over-year so far in 2017, according to Trendgraphix, leading the top ten largest real estate brands. We could not be prouder to be associated with such a high caliber brand! Excited to see where we go from here. 

READ MORE...

Thinking of redecorating? Remember - Design is in the details. Check out Elle Decor's list of Top 60 Best Home Decorating Ideas of All Time for inspiration on your next project! 

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It’s no surprise that the Pacific Northwest’s Silicon Forest is growing, as tech giants are expanding their current offices or opening new branches in downtown Seattle and along the Eastside’s tech corridor to leverage talent on both sides of the lake. In celebration of Kirkland’s bright future, explore a curated collection of stunning homes offered by Realogics Sotheby’s International Realty that await their next residents.

READ MORE...

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Catherine Ferrera's July Newsletter

From August 11th-13th, enjoy Kirkland's largest festival featuring living music, art, street performances, a beer and wine garden, food vendors, and activities for everyone in the family. "Now entering its 6th season in 2017, Kirkland Summerfest continues to grow as a major cultural event in the Kirkland community that enriches the cultural, economic, and social vitality of the region."

READ MORE...

 

 

 

 

 

5003 E Pickering Road, Shelton  Impressive 4.3 acre waterfront estate on South Puget Sound! 2 Homes, surrounded by water, private tidelands and serenity. Gated property to main home with 4 bedrooms, 4 bathrooms, offices, an elevator, 5 stone fireplaces, and a chef's kitchen. Now Offered at $2,100,000.   

EXPLORE...

 Art lovers in the Puget Sound region can take great joy in discovering museums and galleries that display both distinctive pieces from the Pacific Northwest as well as works by internationally acclaimed artists.

READ MORE...

 

Washington state is bad for business? Think again because Puget Sound Business Journal says “it’s actually the best, according to a new ranking.” As the article describes, “while Seattle is sometimes pegged as being bad for business due to regulations and taxes, Washington had economic growth nearly 2.5 times the national rate” at 3.7% in 2016, and according to the latest CNBC rankings, which measure 66 metrics across 10 categories, the Evergreen State is now the number one state for business.

READ MORE...

All eyes are on Realogics Sotheby’s International Realty. With innovation at the forefront of the RSIR brand, the brokerage has found itself in the national spotlight once again, joining an impressive list of nominees for the 2017 Inman Innovator Awards. The winners will be revealed at the Annual Innovator Bash during the week-long Inman Connect, an educational and networking conference in San Francisco that brings together more than 4,000 real estate agents.     

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From Newport, Rhode Island to São Paulo, Brazil (and even our very own Emerald City), check out these top five design destinations around the world that you need to know about. Aesthete travelers will certainly be flocking to these cities in the coming months!  

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1) 4926 111th Avenue NE, Kirkland  Located in the desirable Houghton neighborhood, this home is made for entertaining and is minutes from downtown Kirkland. Represented the Buyer  |  Sold for $1,136,000

2) 7727 20th Avenue NW, Seattle  Situated on a lovely street, this impeccably maintained Ballard home boasts a private backyard oasis. Represented the Seller  |  Sold for $881,000

3) 11925 NE 151st Place, Kirkland Over 3,000 square feet of spacious living in well-maintained home situated on a cul-de-sac and backing to a greenbelt for privacy. Represented the Seller  |  Sold for $700,000

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Catherine Ferrera's June Rezora

The diverse events, happening and experiences in the Puget Sound are unlike any other. Discover what your city has to offer this July, from Kirkland Uncorked to the Bellevue Festival of the Arts!

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Who doesn't love watching a movie outdoors during the summer months? From new flicks like La La Land to cult classics like The Big Lebowski, you are sure to find a movie you love playing on the big outdoor screen! 

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5003 E Pickering Road, Shelton  Impressive 4.3 acre waterfront estate on South Puget Sound! 2 Homes, surrounded by water, private tidelands and serenity. Gated property to main home with 4 bedrooms, 4 bathrooms, offices, an elevator, 5 stone fireplaces, and a chef's kitchen. Offered at $2,275,000.   

EXPLORE...

For the sixth straight month, the Seattle metro area posted the fastest-growing house prices in the U.S. in March, according to the S&P/Case-Shiller Home Price Index. Demand is high and inventory is historically low, especially in neighborhoods near urban employment centers.

According to Dean Jones, president and CEO of Realogics Sotheby’s International Realty, Seattle is experiencing an urban renaissance that is attracting the next generation of homebuyers to downtown living. “It’s not just millennials or move-up buyers from other condominiums in the city,” he says. “Empty-nesters are selling their single-family homes in search of simplicity and financial liquidity. It’s a great feeling to make an impetuous decision to travel, wave to the concierge on the way out and know you have the time and resources to do so.”   

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The Sotheby’s International Realty® brand is proud to announce that it has partnered with New Story, a non-profit organization that puts 100% of donations toward transforming dangerous living environments into communities of safe, sustainable homes, for $6,000 a home.     

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1) 7727 20th Avenue NE, Seattle  Situated on a lovely street this impeccably maintained Ballard home is not to be missed. The countless updates include new siding, gutters, kitchen & baths, updated electrical, expansive back deck and fully finished basement. This charmer includes 3BR, 1.75 baths that have been updated but with original details left to shine. Offered at $699,000.  EXPLORE PROPERTY...

2) 11925 NE 151st Place, Kirkland  Charming craftsman in Bothell's Meadow Creek Park. 3 bedroom, 1.75 bathroom, 1,620 square foot home with remodeled kitchen featuring granite counters and stainless appliances. Offered at $675,000.  EXPLORE PROPERTY...

Space can be a challenge in your entryway, as it tends to be the first place family drops their items when they enter the house. Check out Better Homes & Gardens' clever solutions to help you carve out just the right spot for a practical, and beautiful, mudroom.

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1) 10628 NE 46th Street, Kirkland  Fully remodeled in 2017, this 1-story home is located on a sunny 14,292 square foot lot with partial views of the lake and Seattle. Represented the Buyer  |  Sold for $1,200,000

2) 4705 112th Avenue NE, Kirkland  Exceptional Houghton Craftsman, 4 bed/4.5 bath + office+ flex room & bonus room. Represented the Seller  |  Sold for $1,930,000

3) 1229 234th Street SW, Bothell  Charming Craftsman in Bothell's Meadow Creek Park. 3 bed/1.75 bath with remodeled kitchen. Represented the Seller  |  Sold for $535,000

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Join me Sunday June 18th to Celebrate Loving Outdoor Living!

Realogics Sotheby’s International Realty (RSIR) has put together a curated collection of residences that elevate outdoor living to the next level for the Loving Outdoor Living Tour this coming Sunday, June 18th from 1 to 4pm. Among the chosen homes is Pickering Passage Retreat, an impressive 4.3 waterfront estate on south Puget Sound listed by Catherine Ferrera & Associates.  

Pickering Retreat is a one-of-a-kind lifestyle offering that serves as a peaceful and private getaway. Meander lush gardens and trails, relax with a bonfire and s’mores at the water’s edge, or pick oysters and clams from your own private shellfish beach.

This property is a haven for boaters with 975 lineal feet of low-bank salt water and private tidelands, and a concrete boat launch ramp to launch you into the waves. Whether heading out for a day of fishing or embarking on an aquatic adventure, seafarers will enjoy the open waters of the south sound. Residents have the choice of keeping a boat on the year-round boat mooring buoy with an anchoring system or storing it in one of several nearby public and private marinas.

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3 Pros to Selling Your Home During the Holidays

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3 Pros to Selling Your Home During the Holidays

The Tip: Thanks to reduced competition, motivated buyers and a warm and cheery holiday home, you can sell your home faster and for more money during the holiday season.

We all know—or maybe we assume—that spring and summer are the best times to sell a home. And it’s true that many buyers do plan their new home purchases during the warmer months. But that doesn’t mean all the serious buyers disappear after Labor Day.

If your home is for sale now, you’re actually in a great position to sell your home faster and for more money by taking advantage of the unique characteristics of the holiday selling season.

1. Less Competition

You’re not the only homeowner who’s considered taking your home off the market during the holidays—most don’t want the hassle. And most new sellers will decide to wait until the first of the year or even springtime to put their homes up for sale.

That’s great news for you because you won’t have to compete with dozens of other homes just like yours to get buyers’ attention. Reduced inventory means more buyers checking out your home, either online or in person. Keep their attention by making sure your home is priced to sell and that your home is in “show” condition at all times.

2. Motivated Buyers

Anyone who takes time out of their busy holiday schedule to shop for a new home is serious about buying now. Perhaps they are buying a home for tax reasons or are relocating to start a new job in the new year. Maybe they’ve been looking for months and just haven’t found that perfect home yet.

Whatever their reason, make it easy for these folks to get a good look at your home by staying flexible with your showing times and be open to negotiating contract terms that work with their schedules.

3. Your Home Looks Great

Emotion plays a huge role in which home a buyer purchases, and you can capitalize on that by making your home cozy and cheery during showings. Tasteful decorations and a minimum of clutter will allow buyers to see their own families celebrating the holidays in your home next year.

Make sure your decorations enhance rather than detract from your home’s best features, and remember to remove them as soon as the season is over.

Source: Dave Ramsey, read his article here

Hire A Holiday Real Estate Agent Before Christmas!

If you're looking to sell your home before the holidays, please contact me, Catherine Ferrera by calling 206.579.1077­ or emailing me here.

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The $1 Billion Dollar Mark for Realogics Sotheby's Int'l Realty

Realogics Sotheby’s International Realty (RSIR) announced a pivotal sales milestone of surpassing $1 billion in residential sales volume over a trailing 12 month period as of October 2016, according to Trendgraphixresearch.  Since commencing operations with the Sotheby’s International Realty network in February 2010, the new Seattle-based brokerage firm has quickly expanded to five regional offices including Downtown Seattle, Bainbridge Island, Kirkland, Issaquah and Madison Park, with more than 200 brokers and employees that proudly serve all property types and price points.

“Today we recognize the collective accomplishments of our entire team and the power of this extraordinary brand by reaching this significant sales marker,” said Dean Jones, President and CEO. “We are truly honored to represent Sotheby’s International Realty and the thousands of clients that have chosen to work with us over the years.  This milestone is a testament to the company we keep and the results we create – one sale at a time.”

Perhaps best known for selling priceless works of art at the auction house and noted estates worldwide, the Sotheby’s® brand is synonymous with luxury. RSIR has participated in 31-percent of all the sales valued above $5 million in the region during the trailing 12 months and it’s brokers currently represents 30-percent of the most valuable listings in the Northwest Multiple Listing Service.  However, the firm also applies its unique platform to deliver unparalleled service at all market segments.  Over the past year, home sales priced below $500,000 and between $500,000 and $1 million were equally balanced – each segment comprising 37-percent of the 1,171 residential sales while 26-percent of sales closed above $1 million.

“To us, luxury is an experience and not just a price point,” said Jennifer Johnsen Cameron, Vice President of Brand Development for RSIR.  “Our commitment is to deliver an exceptional level of service and matchless visibility for all our properties, whether that’s a $400,000 starter home or a $40 million estate.”

Johnsen Cameron credits RSIR’s ability to innovate and provide unique marketing solutions as the primary catalyst for the company’s growth.  She points to prevailing market trends such as international sales, a blossoming tech community, and demand for new construction as being just a few examples where RSIR has cultivated unique offerings.

“We offer our robust Asia Services Group, we benefit from exclusive partnerships with Puget Sound Business Journal and Geekwire, and we represent some of the most important high-rise and mixed-use developments in the region,” adds Johnsen Cameron. “These platforms have been a catalyst to our growth because our company has developed programs that are only available at RSIR.  Ultimately, our objective is to provide every available advantage in the industry to our brokers and to our clients.  As the market evolves, so do we.”

Despite being the newest brokerage to join an established peer group of the largest residential real estate brands in Washington State, RSIR consistently ranks among the highest average selling prices, maintains the greatest percentage of producing brokers, and the highest listing sales production on a per broker basis.  The firm has also been recognized among the fastest growing, with a 46.2-percent growth in sales volume year-to-date in 2016 and represents 73-percent of the sales for the Sotheby’s International Realty Brand in Washington State.

Worldwide Sotheby’s International Realty has grown to include more than 800 offices with 19,000+ sales professionals representing 47,850 exclusive listings.

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Come 2017, Millennials Will Be Revolutionizing the Real Estate Market

A new report by Cicely Wedgeworth for realtor.com has shown that the 2017 housing market is going to be shaken up by an influx of prospective first-time millennial home buyers. Here is what you need to know:

The Great Real Estate Revolution Of 2017

According to a recent survey by realtor.com, in 2016, only 33% of people planning on purchasing a home were first-time buyers. This upcoming year, however, is slated to see a dramatic increase in this demographic, which is expected to jump to 52%, of which, a staggering 61% of perspective buyers are under the age of 35. This means that the 2017 real estate market will subsequently see an increase in competition for housing amongst first time home buyers.

Competition Will Be Intense

With this influx of first time millennial home buyers, the competition for housing within the real estate market will be more substantial than 2016. Jonathan Smoke, chief economist for realtor.com, recommends trying to “’avoid bidding wars and higher prices spurred by a potential increase in millennial buyers’” by considering a winter home purchase. When examining the 2017 real estate market, it is also important to investigate which types of properties will be the most sought after.

The Suburbs

In 2017, more millennials will be moving away from renting and towards first time home ownership. With this trend, we see a migration of this demographic away from urban areas and towards the suburbs. According to the recent realtor.com survey, both 50% of millennials and baby-boomers report interest in living either in the suburbs or outlying suburbs. This trend will create increased competition within the market for properties located in these areas.

Baby-Boomers And Millennials Competing Within The Real Estate Market

It seems that the suburbs are not the only thing that baby-boomers and millennials can agree on. With millennials prioritizing a sound financial investment, there will be a focus on “safety, privacy and more space” according to realtor.com. There is expected to be an increase in this demographic seeking single-family homes and townhomes. Babyboomers have a similar focus within their demographic, with 71% of perspective buyers seeking single-family homes.

With both demographics seeking these types properties, it can be expected that these single-family homes will be in high demands, driving costs upwards and availability down.

To read more, please visit: Realtor.com | First-Time Millennial Buyers Poised to Revolutionize the Real Estate Market in 2017

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