NEXUS

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

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.

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

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

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

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.

Market Watch Q3 2016 – Downtown Seattle Condominiums

Market Watch Q3 2016 – Downtown Seattle Condominiums

The in-city housing market in our Emerald City has a split personality. Buy or rent, the message is the same – it’s going to cost more and more to live here. This fact is reigniting the debate between renting and homeownership and developers are listening.