Windermere Launches New Ultra-Luxury Brand: W Collection

W Collection

Anyone who has spent time in the Seattle area in recent years has likely seen for themselves how much the city has changed. Thanks in large part to the booming economy, growing tech sector, and increasing international appeal, Seattle is no longer a sleepy little city tucked away in the far corner of the United States. With this changing landscape has come an infusion of wealth that has seen the area’s high-net-worth population explode. And with it, so too has the ultra-high-end real estate market.

In order to meet the specialized needs of this burgeoning market, Windermere has launched W Collection, a new ultra-luxury brand specifically designed for homes priced at $3 million and above in Western Washington. OB Jacobi, President of Windermere Real Estate, says that Seattle’s population of “global affluent” is on the rise and they greatly value real estate. The proof is in the numbers.

Over the past five years there has been a significant increase in the number of home sales in the $3 million+ market. In 2011 there were only 45 such sales in King County, while in 2015 there were 131. “Windermere agents represent anywhere from 40-60 percent of the $3 million+ sales in the Seattle area, so we felt we were in the ideal position to build a brand that could provide enhanced marketing support to the growing number of ultra-luxury homes,” said Jacobi.

W Collection is its own standalone brand with a separate website, WByWindermere.com, signage, presentation materials, and specialized advertising opportunities. When developing W Collection, Jacobi said that the goal was to create a sophisticated, yet humble, brand that evokes the understated expression of wealth that is unique to the Pacific Northwest. “Our clients are not largely drawn to the shows of excessive wealth that you see at other companies and in other parts of the country. This is reflected in the W Collection brand,” said Jacobi.

The development of W Collection began a little over a year ago, and according to Jacobi, was a highly collaborative process with Windermere agents playing an integral role in every step, “Over the past 44 years some of Windermere’s best ideas have come from our agents who are totally in tune with the needs of their clients and the shifting demands of the market; W Collection was born from this same agent ingenuity.”

This article originally appeared on the Windermere.com blog.

Join us this Weekend for Windermere’s Washington Waterfront Home Tour

We’ve found the perfect way for you to kick off summer this year. On June 11 and 12, Windermere is sponsoring the second annual Washington Waterfront Home Tour. More than 95 homes throughout Washington are available for visitors to tour by boat, bike, or car. Properties are priced from $189,000 to $10.4 million. While the homes on the tour are on the water or have views of the water, they’re not all uber expensive; there are properties that fit a wide variety of needs, styles, and budgets.

If you’re wondering about the investment potential of a waterfront home, you should note that sales for these properties have been booming. In the Puget Sound region, the average sales price is up over 10 percent compared to a year ago, and over the past three years, prices have increased by more than 20 percent*. With the amount of water we have throughout the area, it’s no surprise that waterfront homes are a popular choice, but our strong local economy is doing its part to drive up sales activity and prices.

A map of the homes and their open house hours can be found here; most will be held open from 1 p.m.-4 p.m. on June 11 and 12. The listing details will note the availability; for those listed as “by appointment only,” contact the agent for a private tour.

Happy hunting!

For more information, go to the Washington Waterfront Home Tour website.

*Source: Northwest Multiple Listing Services

This blog post originally appeared on the Windermere.com blog.