The numbers are in and Sotheby’s International Realty affiliates reported that in 2018, the affiliated brokers and sales associates achieved $112 billion in global sales volume, the highest performance recorded in the history of the brand. In addition to this achievement, there were 27 brokerages from around the world that reported over $1 billion USD in sales volume for the year, Realogics Sotheby’s International Realty included.
Read MoreWhile an overstock in apartment supply might have signaled that the “apartment boom” in Seattle is over, Puget Sound Business Journal says it isn’t “over just yet.” This proclamation comes amidst an announcement from Bosa Properties that they will move forward with plans for a 41-story apartment tower at 2014 Fairview Avenue, located close to the Amazon headquarters at South Lake Union.
Read MoreIn February 2019, Onni Group made their first real estate purchase on the Eastside, with the acquisition of a four-acre site in downtown Bellevue—currently home to a church and Barnes & Noble store—for $116 million. On Thursday, March 14th, the company provided the first set of publicly available images for a large-scale mixed-use project it plans for the area, which, according to Puget Sound Business Journal, will comprise “three 600-foot-tall towers totaling 1,289 residences, 896,000 square feet of office space, 317 hotel suites and 2,318 underground parking stalls.”
Read Morehe concept of “pop-up hotels” has been around for some time and is typically associated with the ice hotels that dot Scandinavia, Canada, and other countries each winter. But the notion of these “pop-ups” has been expanding recently, as Puget Sound Business Journal reports that a new apartment tower in Belltown may soon be home to a temporary hotel.
Read MoreThe real estate market is strong and active as of March 2019. Please refer to the following recent reports in reverse chronological order for trends and data that lead to this point.
Read MoreIn 2019, the greater Seattle-Bellevue metro area residential real estate market picked-up significant momentum after going through a price correction that began in May 2018 and leveled-off beginning in October to December-January.
Read MoreNow that drivers are safely traversing the new SR-99 tunnel, the Washington State Department of Transportation is preparing to demolish the Alaskan Way Viaduct, the first in many steps toward revitalizing the city’s waterfront. As GeekWire reports, WSDOT has now released “an extensive online overview of what to expect from the removal of the old highway above ground — a process that should take about six months.”
Read MoreTax season is here and homeowners in the region are receiving their property tax bills in their mailboxes. Following years of double-digit increases for homeowners, many are feeling a welcome relief this year, as Seattle Times reports that approximately half of the cities in King County are seeing a slight decrease compared to last year’s rates.
Read MoreThe National Association of Home Builders recently released their monthly confidence index and at 62, February 2019 marks the highest index in the past four months. The index may be broken down into a subset of categories, all of which show impressive gains, including sales conditions at 67, six-month expectations at 68 and buyer traffic at 48.
Read MoreAs a recent Puget Sound Business Journal article put it, “The Eastside office market has FANGs.” However fitting, they aren’t referencing the region’s sharp teeth; they are talking about a group of tech titans: Facebook, Amazon, Netflix and Google.
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