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SeattlebyDesign | Condos & Lofts, Houseboats, Waterfront, & Residential Real EstateSeattlebyDesign | Condos & Lofts, Houseboats, Waterfront, & Residential Real Estate

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Market Trends from Around the Sound: Q4-2018

Data from the fourth quarter of 2018 is in and Realogics Sotheby’s International Realty has analyzed the numbers. Take a look at the latest housing market trends in Seattle for single-family homes and condominiums.

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Posted in: Market Update, Seattle Tagged: Condominiums, Fourth Quarter, Market Report, Market Reports, Market Trends, Market Update, Q4-2018, RealogicsSIR, residential, seattle, Single-Family

Market Watch Q3 2016 – Downtown Seattle Condominiums

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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?
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Posted in: Condos, Downtown, Market Update Tagged: Condominiums, Downtown Seattle, Homeownership, market, Market Watch, Rent vs. Buy, Rental Market

First Glimpse | NEXUS Lobby and Restaurant Space

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Weber + Thompson released some preliminary renderings of the lobby and plans for the ground level of NEXUS to include a boutique, 400 sq. ft. specialty coffee shop that’s open to the lobby, and a destination 2,800 sq. ft. restaurant and bar.

The building will be accessed across a water feature along a catwalk with frameless glass on either side, creating a portal experience that separates the resort style lobby from the street.
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Posted in: Buildings, Downtown Tagged: Condo, Condominiums, Condos, Downtown Seattle, Luxury Real Estate, NEXUS, NEXUS Seattle, seattle

Burrard Group Confirms 244 of 374 Condominiums Reserved at NEXUS During Preview Weekend

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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.
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Posted in: Buildings, Condos, Downtown Tagged: Condominiums, New Construction, NEXUS, NEXUS Seattle

Realogics SIR is the Top Selling Office for Downtown Seattle Condominiums since the Great Recession

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Executives of Realogics Sotheby’s International Realty recently announced that half of the top 16 condominium sales in downtown Seattle year-to-date were represented by RSIR brokers while the firm maintains its place as the top selling branch office of urban condominiums since the Great Recession in 2009, according to Trendgraphix research.

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Posted in: Condos Tagged: Condominiums, Condos, dean jones, Emerald City, Great Recession, Luxury Real Estate, Puget Sound Business Journal, realogics sotheby's international realty, seattlebydesign, Sotheby's International Realty, Trendgraphix

Delille Cellars to Open a Wine Tasting Room in Partnership with Realogics Sotheby’s International Realty in Downtown Kirkland

Following is a press release regarding our new Realogics Sotheby’s International Realty office in Downtown Kirkland of which we are Founding Brokers.  We look forward to better be able to serve our clients East of Lake Washington!

https://www.rsir.com/blog/?p=3741

Posted in: Buildings, Condos, Kirkland, Waterfront Tagged: Condominiums, Kirkland, Real Estate, Real Estate Investments, Waterfront

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