Posts Tagged ‘luxury’

Tech Boosts Seattle Luxury Market

Posted: July 21st, 2015 by Brad

The technology boom is pushing its way north up the Pacific Coast, boosting real-estate prices, sparking neighborhood squabbles and creating new demand for luxury homes asking $1.5 million or more. Real-estate agents say Seattle, the longtime home of software giant Microsoft and online-retailing behemoth Amazon, is attracting more technology firms because it offers a combination [...]

Luxury Market Brief

Posted: June 10th, 2015 by Brad

Luxury home buyers are also active participants in the current market. A check of MLS statistics shows 887 single family homes priced at $1 million or more have sold during the first five months of the year. That compares to 696 for the same timeframe a year ago for a jump of more than 27 [...]

Home Values Surge, Buyers Struggle

Posted: April 15th, 2015 by Brad

Low inventory has many Puget Sound home buyers swarming new listings and multiple offer environments are in some cases influencing buyer waivers of all contingencies. Sellers of conservatively priced homes, who may also have difficulty finding another place to live, are fetching top dollar. The multiple offer market has become commonplace on well-priced new listings, observed John Deely, a member [...]

Three Year Real Estate Wave Projected

Posted: April 15th, 2015 by Brad

The real estate industry is expected to further strengthen this year and continue to get stronger through 2017, according to a new report released from the Urban Land Institute Center for Capital Markets and Real Estate, which is based on a survey of the industry’s top economists and analysts. Survey respondents said that the residential, [...]

Luxury Market Upswing

Posted: February 12th, 2015 by Brad

Further evidence of a housing recovery is reflected in high-end sales. Northwest MLS members reported 2,069 sales of single family homes priced at $1 million or more, up nearly 28 percent from the 2013 total of 1,621 “luxury” sales. Condos priced at $1 million and up accounted for another 152 sales. A total of 878 [...]

Home Sales Stay Strong

Posted: October 14th, 2014 by Brad

Pending sales of homes around Western Washington  surged more than 13 percent in September compared to a year ago, and listing activity picked up slightly, fueling both broker optimism and words of advice for sellers. Along with increases in the number of mutually accepted offers, the latest report from Northwest Multiple Listing Service (MLS)  shows [...]

Luxury Market Report

Posted: April 10th, 2014 by Brad

Luxury home sales are alive and well in King County. Luxury refers to residential real estate valued at $750,000 or greater. Whether homes or condos, the luxury market appears to be well balanced between buyers and sellers with inventory around three and a half to five months of supply. The following stats provide a quick [...]

Luxury Market Report

Posted: March 13th, 2014 by Brad

Further evidence of a housing recovery is reflected in high-end sales. Northwest MLS members reported 1,621 sales of single family homes priced at $1 million or more, up 45.2 percent from the 2012 total of 1,116 such sales. Condos priced at $1 million and up accounted for another 137 sales, about the same number as [...]

Luxury Home Sales Robust

Posted: February 20th, 2014 by Brad

The luxury-home market is booming across King County. According to the MLS, there were 1,426 sales of $1 million-and-up homes last year, about 50 percent more than in 2012. The highest price paid for a single-family home last year was $9.75 million for a Medina mansion, while a Seattle penthouse sold for $6.2 million.

Luxury Home Market Bullish

Posted: January 8th, 2014 by Brad

Surging stock prices and increased consumer confidence are among the factors propelling sales in the upper-end housing market, says Walter Molony, a spokesman for the National Association of Realtors. Sales of homes priced at $1 million or above in the U.S. rose 31% to 8,900 units in October 2013 from the same month a year [...]

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