The boom in luxury homes sales on Eastside continued in 2015 as technology executives and foreign buyers snapped up high-end homes. Windermere maintained its leadership in the luxury home segment with Windermere brokers representing clients in 60 of the 98 sales.
Sellers who work with Windermere brokers receive unparalleled exposure through the Windermere Premier Properties program, along with extensive international marketing via Luxury Portfolio and Juwai, which specifically targets affluent Chinese buyers. In addition, Leigh Canlis has joined Windermere to develop a full-service luxury marketing division that will provide clientele with concierge services including financial services, landscaping and more.
2015 Luxury Home Sales Snapshot
- Sales continue to climb. The number of $3 million+ home sales on the Eastside increased 20% over the previous year.
- The majority of buyers paid cash. 53% of those buying high-end homes paid for the home in cash.
- Waterfront homes are becoming scarce. The value of waterfront homes continued to increase as buyers competed for a dwindling supply of these highly coveted properties.
- The Eastside is becoming more global. Whether they are buying a home to live in or as an investment, international buyers – particularly those from China – continue to favor the Eastside. According to the National Association of Realtors, 2015 was the first time that buyers from China edged out those from Canada as the largest group of foreign buyers of homes in the U.S.
You can view the full report for more detailed information.
Make sure you see the report of $5 million+ home sales in King County, too!