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.

Windermere Leads in Luxury Home Sales

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.

2015-market-share-eastside-residential-3-million-plus

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

side-graph2

  • 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!