I am excited to share that Realogics Sotheby’s International Realty has published the spring edition of RESIDE® magazine, which features an iconic penthouse at 98 Union that I had the pleasure of representing. In this issue, we take a view of Tuscany through Salvatore Ferragamo’s eyes, move across the ever-changing Seattle cityscape, explore architecture with Shohei Shigematsu—and much more.
I am thrilled to share that Zillow recently awarded me with the “Best in Customer Service” Award, an achievement given only to those with a score of 90 and above on Zillow and Trulia. The greatest measure of my success is client satisfaction, and I am truly honored to be ranked in the top 2 percent nationally in customer service.
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.
Bosa Properties Moves Forward with Apartment Project Despite Overstock of Apartment Supply in Seattle
While 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.
In 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.”
he 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.
The 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.
In 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.
Now 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.”
Tax 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.