Your comprehensive guide, take a peek at what’s going on! From holiday parades in Belltown and brilliantly lit botanical gardens in Bellevue, to an autumn harvest charity dinner on Bainbridge Island, here’s what’s happening around the sound:
Given the Manhattanization of Seattle, arguably the fastest-growing metropolis in America, who wouldn’t desire an island escape that’s close yet a world apart from the frenetic energy and congestion of city life? This collection of 172 named islands and reefs in San Juan County have long been a secret getaway for Pacific Northwest families. But increasingly the San Juan Islands have been found by a new generation of affluent homebuyers, so it’s little surprise that the tides are rising.
“Without question, the San Juan Islands are among the most beautiful and protected natural sanctuaries in the world – perfectly positioned between the global cities of Seattle, Vancouver and Victoria, BC,” said Dean Jones, President and CEO of Realogics Sotheby’s International Realty. “Unlike their East Coast harbinger markets in the Hamptons, Cape Cod or Martha’s Vineyard, The San Juans remain refreshingly low-key and relatively affordable for now but perhaps not for much longer.”
Jones refers to a recent article by Mansion Global entitled “It’s Not Just Chris Pratt and Bill Gates Who Are Flocking to The San Juan Islands,” citing data from Realtor.com listing the island county as the fastest-growing amongst the top luxury housing markets in the US. Despite $1 million+ home sale volumes doubling during the first half of 2016 compared with the year prior, experts suggest the region is still globally undervalued.
In the Legacy Homes Report, published by William Hillis, Research Editor and Publisher with RSIR, he concludes that not only are San Juan County homes of similar scale and finish both newer and substantially less expensive than Long Island homes but several Legacy Homes being featured are offered for well below replacement costs.
The opportunity to explore these homes firsthand was seized during a recent Legacy Home Tour hosted by RSIR and Wally Gudgell, an Orcas Island resident and real estate broker with Windermere Real Estate. From October 5 – 9th, dozens of brokers and prospective buyers arrived by land, sea and air to visit Legacy Homes ranging in value from below $2 million to $17 million. The lifestyle showcase included harbor-to-harbor seaplane transfer by Kenmore Air, accommodations by Rosario Resort and wine tastings by DeLille Cellars.
I am thrilled to bring you this week’s event calendar! Your comprehensive guide, take a peek at what’s going on! From Cider Summit Seattle to the San Gennaro Festival and the Boats Afloat Show in Chandler's Cove, here’s what’s happening around the sound.
Your comprehensive guide, take a peek at what’s going on! From the Capitol Hill Block Party and the Kirkland Sidewalk Sale to beer tasting in Phinney, here’s what’s happening around the sound.
Your comprehensive guide, take a peek at what’s going on! From the Greenwood Car Show and Exotics at Redmond Town Center to the Kingston House Lavender Festival, here’s what’s happening around the sound:
RESERVATIONS COULD REPRESENT MORE THAN $200 MILLION IN PRESALES; MEDIAN HOME PRICES RISE IN DOWNTOWN SEATTLE.
The Burrard Group has accepted 244 first-position, unit-specific reservations for priority presales at NEXUS, a new 374-unit high-rise condominium tower located at 1200 Howell Street in downtown Seattle. Project representatives at Realogics Sotheby’s International Realty report that more than 500 prospective homebuyers were processed through the NEXUS Preview Center at 2715 1st Avenue on June 4 and 5th. Several groups camped out overnight to ensure a first place in line while a crowd of approximately 130 were queued up by 11am on June 4th when the reservation event commenced. Prospective homebuyers were offered an individual home for priority presale with a price range for a $5,000 fully-refundable deposit to be held in escrow. Reservations will convert to a Purchase and Sale Agreement during the Fall of 2016, commensurate with the opening of a formal sales center and the ground-breaking of the development. NEXUS is scheduled for occupancy by mid-2019.
“Our opening weekend results suggest a growing preference for condominium ownership after an unprecedented apartment cycle that added nearly 10,000 new rental units to our skyline,” says Dean Jones, President and CEO of RSIR, the firm representing NEXUS. “Those apartment towers have been incubating future homebuyers who are increasingly recognizing the investment potential and benefits offered by homeownership. NEXUS provides an opportunity to own a slice of this fast-growing metropolis.”
Jones refers to this northeast corner of downtown Seattle as the “East Village” where he’s tracking more than 25 new development projects representing investment in excess of $6 billion – comprising 10,000 new housing units (mostly apartments), 2 million square feet of office space, 185,000 square feet of retail, 1,900 new hotel units and the $1.4 billion expansion of the Washington State Convention Center. A virtual tour of the future skyline called Cityscape 2020 can be experienced online at www.NEXUSseattle.com.
For the past few days, I have been in Las Vegas for the Sotheby’s International Realty Affiliates Global Networking Event! Monday’s Welcome Reception was followed by numerous breakout sessions covering topics from Brand Conversation and Negotiation to Leveraging Media and New Developments. To cap off an excellent week of learning, we made sure to embrace the moment by taking a family photo poolside at the Wynn.
I am leaving tomorrow and look forward to sharing all I've learned and the new roll outs Sotheby’s International Realty is introducing in the coming year. It’s always a pleasure to reconnect and make new friends within the Sotheby’s family!!
An Invitation to Consign; Sotheby’s Asian Art Specialist to Visit Realogics Sotheby’s International Realty’s (RSIR) Seattle Showroom
If you have Asian Art to sell, now’s the perfect time, as a representative from the Sotheby’s Auction House, will be receiving clientele by appointment at RSIR’s downtown Seattle Showroom. Meetings will occur at 2715 First Avenue in Seattle on Thursday June 2nd, offering complimentary and confidential evaluations while accepting consignments for upcoming auctions.
To schedule an appointment, please send images to email@example.com with subject line “Seattle 2016.” For telephone inquiries, please call +1 212.606.7332