The beautiful landscapes of the Pacific Northwest aren’t complete without our water views. From in-city waterfronts along our lakes and the majesty of the Puget Sound, to Seattle’s iconic floating home communities, there’s nothing like finding a piece of waterfront to call your own.
They are some of Seattle’s most unique and recognizable homes, and there’s only 500 of them. Last month, team member Enrico Pozzo—an expert in all things floating homes—led a tour of Lake Union and the homes that top its waters. Skippered by Realogics Sotheby’s International Realty (RSIR) CEO Dean Jones, our team was joined by nearly 40 of our RSIR colleagues and a few guest brokers from our affiliates in New York and California.
Earlier this week, Sean Keeley from Curbed Seattle asked readers, “how good are you at guessing the price of floating homes?” in his latest Pricespotter feature. In an effort to “counterbalance” the slough of “smaller floating homes [to] hit the market in recent weeks,” Keeley selected our Westlake Floating Home, a 2 bedroom/1 bathroom home situated over 1,630 square feet.
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Our client’s Westlake floating home closed at $1,150,000! It was a pleasure working with them and we wish the new owners the best of luck in their new space.
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We are proud to share that our Cape Cod-style home in Burien is featured as Home of the Day on the Puget Sound Business Journal! Help our clients win Home of the Week by voting for our property here. If we win, you will get to see us in this weekend’s paper!
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SOLD in Eastlake for $3,217,500! An exquisite 3 bedroom custom floating home in the ‘Best View’ position at Roanoke Reef. Elegant open living and dining room, gourmet kitchen and family room with lake views. Master suite with 5 piece luxury bath. Rich materials, elegant, mint condition. Grand roof deck with 360 degree Lake Union views & gas fire pit. Dock for water toys. Private gated entry, boat moorage, garage parking & storage.
Our team recently listed a once-in-a-lifetime experience: a stunning top-floor waterfront condo with three bedrooms and 2 baths. Features include incredible views of Lake Union and Gas Works Park, 2 balconies, a pool, exquisite custom cabinetry, unique marble and granite finishing details, heated bathroom floors, 2 fireplaces, gourmet kitchen, Peshtigo River birch hardwood floors in kitchen and entry, 2 fee ownership boat slips, 2 secured parking places and plenty of storage.
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In the Seattle region, total units sold are a bit down from this time last year (32 in 2015 vs 20 in 2016) but the markets in these areas tend to be comprised of a few large sales rather than a greater quantity of more middle-priced options. With a glut of construction in Seattle Proper to meet the demand of the near-constant stream of people relocating from out-of-city or out-of-state, the area has developed a strong rental market, perhaps with the result of fewer home sales. Waterfront sales in this area tend to be either large, multi-million dollar estates or lower-priced condos with little in-between.
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I am pleased to share the newest edition of the Realogics Sotheby’s International Realty Waterfront Report, containing information on home values, sales trends, and market activity throughout waterfront locations in the Puget Sound region. This updated report includes data for the first six months of 2016, from January 1-June 30, and compares that data to the same time frame from 2015 and 2014. Overall, we are seeing a higher average sales price and decreased days on market driven by rising competition for available homes in an environment of lower inventory as sellers wait to see how high their home values might rise. As a company that specializes in waterfront property, we seek to aid you with your future home buying and selling by being a consistent and reliable resource for this desirable lifestyle.
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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!
