Downtown Seattle

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SPIRE Residences in the Seattle Times

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SPIRE Residences in the Seattle Times

Plans take shape for condo high-rise near the Space Needle. A groundbreaking event took place recently at the site of the 40-story high-rise SPIRE. Public sales begin this fall. Dehlan Gwo and Michael Cannon, brokers with Realogics Sotheby’s International Realty, have joined the SPIRE sales team.

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DEHLAN GWO & REALOGICS SOTHEBY’S ATTEND THE 2018 AREAA GLOBAL + LUXURY SUMMIT IN SEATTLE

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DEHLAN GWO & REALOGICS SOTHEBY’S ATTEND THE 2018 AREAA GLOBAL + LUXURY SUMMIT IN SEATTLE

Dehlan Gwo, RSIR broker and Founding Member of the firm’s Asia Services Group, said he was thrilled to see Seattle highlighted on a global stage, remarking that it was “also an impressive and very apparent testament to Sotheby’s International Realty’s continued leadership in this space.”

DOWNTOWN SEATTLE CONDO UPDATE

DOWNTOWN SEATTLE CONDO UPDATE

The lack of available condominiums in downtown Seattle continues, especially at affordable price points. Currently, there are just 7 resale homes listed for sale on the NWMLS priced below $700,000, which is now the new median home price for resales after increasing a staggering 19% in November 2017 compared to the prior year. Though market conditions may seem daunting to potential buyers, market pundits say unit reservations and presales can offer much needed relief for those willing to plan ahead.

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YEAR-OVER-YEAR MEDIAN PRICE OF DOWNTOWN CONDOMINIUM RESALES SPIKED 27-PERCENT IN JULY

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YEAR-OVER-YEAR MEDIAN PRICE OF DOWNTOWN CONDOMINIUM RESALES SPIKED 27-PERCENT IN JULY

Lack of New Construction Inventory Trims Overall Absorption, Only 42 Resale Units Available

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Warmly, Chinese Buyers "Survey the World Beyond the Seas"

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Warmly, Chinese Buyers "Survey the World Beyond the Seas"

Despite the current challenges to investors from Mainland China, the Puget Sound is growing in eminence as a destination for buyers around Chinese-speaking Asia.

2016 YEAR END MARKET SNAPSHOT – DOWNTOWN SEATTLE CONDOMINIUMS

2016 YEAR END MARKET SNAPSHOT – DOWNTOWN SEATTLE CONDOMINIUMS

The year 2016 established new benchmarks for median home prices throughout the region. This imbalance of supply and demand is felt most near urban job centers. With robust employment growth and mounting traffic congestion, demand for in-city lifestyles has never been higher.

Why Seattle Need Not Fear Vancouver's Phantom Towers | Puget Sound Growth Backed by Market Fundamentals

Why Seattle Need Not Fear Vancouver's Phantom Towers | Puget Sound Growth Backed by Market Fundamentals

Comparing Seattle with the State of other West Coast Markets: Vancouver, BC; San Francisco/Bay Area, CA