Seattle Market Review
Q3
Seattle real estate statistics for the third quarter of 2017
Q3 Overview
T
he typical seasonal slowdown of new listings in September added to frustration for buyers who are competing for a very limited number of homes. Strong job growth continues to fuel demand. The state added 83,000 new jobs in the month of August, and September looked to be just as robust. The result? King, Pierce and Snohomish counties all reported double-digit price increases from a year earlier.
Seattle Seattle’s inventory remains as tight as ever, with homes being snapped up in days. A big hiring push by local employers just keeps adding to the pressure. With supply dwindling and demand soaring, prices had only one place to go — up. In September, the median single-family home price in Seattle soared 15% over a year ago to $725,000.
Eastside The median price of a single-family home on the Eastside jumped 14% over the same time last year to $855,000. As the median on the Eastside approaches the $1 million mark, the price tag that used to indicate a “luxury home” now is coming to mean “a nice house in a nice neighborhood.” Of all the single-family homes that sold on the Eastside in September, nearly 40% sold for more than $1 million. In the city of Bellevue, two-thirds of the homes sold for more than $1 million.
King County The median price of a single-family home sold in King County in September increased 16% over a year ago to $625,000. While down from the record high of $658,000 in July, it represents the highest value for any September since records began in 2000. Among the largest metro areas in the U.S., our region has now led the nation in cost increases for the last 11 months.
Snohomish County
2
The median price of a single-family home in Snohomish County sold in September was $450,000, a 14% increase over the same time last year. With just slightly over one month inventory of homes available, it’s unlikely price growth here will slow any time soon.
Table of Contents Q3
715
• By the Numbers...............................................................................4 • All of Seattle.....................................................................................5 • Area 140 ........................................................................................6–7
705
• Area 380....................................................................................... 8–9
710
700 701 140
• Area 385....................................................................................10–11 • Area 390....................................................................................12–13 • Area 700....................................................................................14–15 • Area 701....................................................................................16–17
390
385
• Area 705....................................................................................18–19
380
• Area 710.................................................................................... 20–21 • Area 715.................................................................................... 22–23 • Area 720................................................................................... 24–25 • Why Windermere.................................................................... 26–27 • Windermere Foundation........................................................27–28 [ Click on area to jump to that page ]
3
By the Numbers FATHOM // BY THE NUMBERS
Building Blocks Building Blocks Windermere Chief Economist Matthew Gardner gives a snapshot Windermere Chief Economist of the current state of homebuilding. Matthew Gardner gives a snapshot of the current state of SINCE SIN CE homebuilding.
• 2008 • 2008 • •
builders have started
construction of builders have started newsingle-family homes construction of new at an average annual single-family homes at of 594,000 units anrate average annual rate of per year. In contrast, 594,000 units per year. the averagethe annual rate In contrast, average of new-home starts annual rate of new-home between 1963 and starts between 19632007 and was million. 2007 wasover over1.11.1 million.
Government regulations can Government account for nearly regulations can 25 percent of the account for nearly 25 final price of a new percent of the final single-family home.
price of a new singlefamily home.
500,000 500,000 5% 5% Cost of home building materials has risen by Cost of home building 5% due to high demand materials has risen by and low supply.
5% due to high demand
25 % 25%
Between 2004 and 2016, completions of smaller single-family homes Between 2004 and 2016, completions of smaller (under 1,800 square feet) fell from single-family homes (under 1,800 square feet) 500,000 units to 136,000. fell from 500,000 units to 136,000.
IN
•1 •6 22•0 0•1•6 IN
•
just 6 percent of
just 6 percent of homes in the Western U.S. U.S.were werepriced priced below $200,000. below $200,000.
homes in the Western
and low supply.
The U.S. housing market is in the midst of a shortage of homes for
The housing is in the midst of aAshortage of homessnapshot for sale. sale.U.S. So why aren’tmarket more homes being built? by-the-numbers shows thearen’t cost of newhomes homebeing construction been rapidly on the rise. So why more built? Ahas by-the-numbers snapshot shows the sourced costfromofthe United newStates home construction onUniversity. the rise. Information Census Bureau, NAHBNow, and Jointhas Center been for Housingrapidly Studies of Harvard
4
Information sourced from the United States Census Bureau, NAHBNow, and Joint Center for Housing Studies of Harvard University.
WINDERMERE.COM FALL 2017
13
Seattle (all areas)
Q3 2017 OVERVIEW 715
Months Supply of Inventory >
Closed Sales > SEPTEMBER
SEPTEMBER (includes pending sales) 705
less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market
710
700
701
390
701
696
140
567
385
380
2.4
1.0
2015
0.8
2016
10 year average
2015
2016
10 year average
Median Closed Sales Price > SEPTEMBER
$725,000 $630,000 $571,000 $517,000 $461,000
$419,600
2007
$425,000
$411,000
$414,500
-2%
+1%
-5%
+8%
+8%
+12%
+10%
+10%
+15%
2008
2009
2010
2011
2012
2013
2014
2015
2016
$394,000
All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.
5
140
Admiral, Alki, Arbor Heights, Belvidere, Delridge, Fauntleroy, Gatewood, Genessee, High Point, Marine View, Seaview, South Park, West Seattle, Westwood, White Center
High Price Listing
West Seattle 4135 21st Ave SW
$1,045,000 3 Beds / 21/2 Baths / 2,016 SQFT MLS #: 1156804 Lot Size: 4,828 sqft Year Built: 2008 Style: 2 Stories Views: Bay, Golf Course, Mountain, Territorial School District: Seattle
Medium Price Listing
West Seattle 717 SW Kenyon St
$630,101 4 Beds / 21/4 Baths / 2,130 SQFT MLS #: 1145351 Lot Size: 8,565 sqft Year Built: 1989 Style: 2 Stories Views: City, Mountain School District: Seattle
Low Price Listing
Arbor Heights 10258 35th Ave SW
$389,950 2 Beds / 1 Bath / 1,220 SQFT MLS #: 1121428 Lot Size: 5,775 sqft Year Built: 1948 Style: 1 Story with Basement Views: Mountain, Territorial
6
School District: Seattle
140
Q3 2017
715
Months Supply of Inventory >
Closed Sales > SEPTEMBER
SEPTEMBER (includes pending sales) 705
less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market
710
700 390
701
159
159
140
2.6
1.1
2016
385
380
116
0.8
2017
10 year average
2016
2017
10 year average
Median Closed Sales Price > SEPTEMBER
$605,000
$505,000 $459,000 $425,000 $395,000
$387,000
$365,000 $333,500
2008
$330,000
$327,725
-16%
+9%
-10%
-1%
+18%
+10%
+8%
+10%
+20%
2009
2010
2011
2012
2013
2014
2015
2016
2017
All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.
7
380
Brighton, Columbia City, Genesee, Hillman City, Judkins, Lakewood, Leschi, Mount Baker, Rainier Beach, Rainier Valley, Seward Park, Skyway
High Price Listing
Mount Baker 3909 43rd Ave S
$1,750,000 4 Beds / 31/2 Baths / 3,681 SQFT MLS #: 1076469 Lot Size: 8,600 sqft Year Built: 2017 Style: Multi Level Views: Lake, Territorial School District: Seattle
Medium Price Listing
Mount Baker 2001 31st Ave S
$750,000 3 Beds / 13/4 Baths / 2,060 SQFT MLS #: 1153473 Lot Size: 5,015 sqft Year Built: 1941 Style: 1 Story with Basement Views: Territorial School District: Seattle
Low Price Listing
Hillman City 5989 Rainier Ave S #A
$440,850 3 Beds / 23/4 Baths / 1,280 SQFT MLS #: 1138275 Lot Size: 1,166 sqft Year Built: 2007 Style: Townhouse Views: City
8
School District: Seattle
380
Q3 2017
715
Months Supply of Inventory >
Closed Sales > SEPTEMBER
SEPTEMBER (includes pending sales) 705
less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market
710
700 390
701
55
2.6
1.1
1.2
2016
2017
60
140
385
380
48
10 year average
2016
2017
10 year average
$641,000
Median Closed Sales Price > SEPTEMBER $545,000
$350,000
2008
$421,000
$425,000
$360,000
$342,000 $283,000
$290,000
$297,000
-2%
-17%
+2%
+2%
+21%
+17%
+1%
+28%
+18%
2009
2010
2011
2012
2013
2014
2015
2016
2017
All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.
9
10
385
Beacon Hill, Columbia City, Dunlap, Georgetown, Jefferson Park, North Beacon Hill, Sodo
High Price Listing
North Beacon Hill 2909 23rd Ave S
$1,086,000 4 Beds / 41/2 Baths / 4,320 SQFT MLS #: 1120880 Lot Size: 4,000 sqft Year Built: 2009 Style: 2 Stories with Basement Views: Mountain, Territorial School District: Seattle
Medium Price Listing
North Beacon Hill 2533 A 13th Ave S
$725,000 3 Beds / 3 Baths / 1,363 SQFT MLS #: 1178866 Lot Size: 1,250 SQFT Year Built: 2017 Style: Townhouse Views: Bay, City, Mountain, Territorial School District: Seattle
Low Price Listing
Beacon Hill 6926 30th Ave S
$475,000 3 Beds / 21/4 Bath / 1,800 SQFT MLS #: 1140230 Lot Size: 2,516 sqft Year Built: 2001 Style: 1 Story Views: Territorial School District: Seattle
385
Q3 2017
715
Months Supply of Inventory >
Closed Sales > SEPTEMBER
SEPTEMBER (includes pending sales) 705
less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market
710
700 390
701 140
2.8
0.9
2016
31
33
10 year average
2016
2017
380
29
1.2
2017
385
10 year average
Median Closed Sales Price > SEPTEMBER
$600,000
$500,000
$400,000 $365,000 $329,475
$317,500
$338,500
$282,499 $250,000
2008
$249,950
-13%
-21%
+13%
-12%
+32%
+3%
+18%
+25%
+20%
2009
2010
2011
2012
2013
2014
2015
2016
2017
All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.
11
12
390
Arboretum, Beacon Hill, Broadmoor, Broadway, Capitol Hill, Central Area, Denny Blaine, Eastlake, First Hill, International District, Leschi, Madison Park, Madison Valley, Madrona, Montlake, Roanoke Park, Washington Park
High Price Listing
Capitol Hill 716 16th Ave E
$2,550,000 5 Beds / 23/4 Bath / 4,549 SQFT MLS #: 1115471 Lot Size: 5,760 sqft Year Built: 1902 Style: Multi Level Views: None School District: Seattle
Medium Price Listing
Madison Park 1816 37th Ave E
$1,025,000 3 Beds / 11/2 Baths / 2,090 SQFT MLS #: 1144463 Lot Size: 3,600 sqft Year Built: 1980 Style: Multi Level Views: Golf Course, Territorial School District: Seattle
Low Price Listing
Leschi 3445 E Spruce St
$633,550 2 Beds / 1 Bath / 1,440 SQFT MLS #: 1129224 Lot Size: 4,146 sqft Year Built: 1948 Style: 1 Story with Basement Views: None School District: Seattle
390
Q3 2017
715
Months Supply of Inventory >
Closed Sales > SEPTEMBER
SEPTEMBER (includes pending sales) 705
less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market
710
700
3.1
390
701
91 75
140
69
385
380
1.6 1.0
2016
2017
10 year average
2016
2017
10 year average
Median Closed Sales Price > SEPTEMBER
$658,000
2008
$805,000
$697,475
$694,500
$553,000
$795,000
$630,000
$517,000
$517,500
-7%
0%
-5%
+41%
-5%
-4%
+11%
+14%
+1%
2009
2010
2011
2012
2013
2014
2015
2016
2017
$491,000
All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.
13
14
700
Eastlake, Interbay, Lake Union, Magnolia, Queen Anne, Westlake
High Price Listing
Magnolia 4520 W Armour St
$2,058,000 5 Beds / 3 Baths / 4,270 SQFT MLS #: 1070047 Lot Size: 8,775 sqft Year Built: 1937 Style: 2 Stories with Basement Views: Bay, Mountain, Sound School District: Seattle
Medium Price Listing
Queen Anne 2110 Warren Ave N #B
$1,000,000 3 Beds / 31/2 Baths / 1,840 SQFT MLS #: 1135680 Lot Size: 1,593 sqft Year Built: 2007 Style: Townhouse Views: None School District: Seattle
Low Price Listing
Queen Anne 1310 W Dravus St
$460,000 1 Bed / 1 Bath / 1,480 SQFT MLS #: 1117391 Lot Size: 1,750 sqft Year Built: 1908 Style: 11/2 Stories with Basement Views: Territorial School District: Seattle
700
Q3 2017
715
Months Supply of Inventory >
Closed Sales > SEPTEMBER
SEPTEMBER (includes pending sales) 705
less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market
700
68
3.1
2016
390
701
67 140
53
1.4
710
385
380
1.2
2017
10 year average
2016
2017
10 year average
Median Closed Sales Price > SEPTEMBER
$932,500 $880,000
$731,000
$589,950
$591,405
$582,500 $532,475
2008
$699,950
$624,900
$552,500
-1%
-9%
+4%
+7%
+6%
+17%
-4%
+33%
-6%
2009
2010
2011
2012
2013
2014
2015
2016
2017
All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.
15
16
701
CONDOMINIUMS ONLY Belltown, Denny Triangle, Downtown, International District, Pioneer Square, Safeco Field
High Price Listing
Downtown 715 2nd Ave #1506
$2,095,000 2 Bed / 21/2 Bath / 3,050 SQFT MLS #: 1161540 Year Built: 2000 Style: 2 level Condo Views: Bay, City, Partial School District: Seattle
Medium Price Listing
Downtown 1920 4th Ave #910
$818,000 1 Bed / 13/4 Bath / 1,309 SQFT MLS #: 1115624 Year Built: 2010 Style: 1 level Condo Views: City School District: Seattle
Low Price Listing
Downtown 2440 Western Ave #617
$400,000 1 Bed / 1 Bath / 623 SQFT MLS #: 1136613 Year Built: 1998 Style: 1 level Condo Views: City School District: Seattle
701
Q3 2017
715
Months Supply of Inventory >
Closed Sales > SEPTEMBER
SEPTEMBER (includes pending sales) 705
less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market
700
3.8
1.3
2015
2016
390
701
76
1.4
710
10 year average
2015
140
47
48
2016
10 year average
385
380
Median Closed Sales Price > MARCH $712,250
$695,000 $607,000
$409,000 $348,200
2007
$409,500
$367,250
$375,000
+5%
+2%
-8%
+19%
-13%
+15%
+74%
-2%
-13%
2008
2009
2010
2011
2012
2013
2014
2015
2016
$355,000
$344,750
All figures are based on condominiums. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale condominium residences sold.
17
18
705
Ballard, Bitter Lake, Blue Ridge, Broadview, Crown Hill, Fremont, Green Lake, Greenwood, Haller Lake, Loyal Heights, North Beach, Northgate, Olympic Manor, Phinney Ridge, Sunset Hill, Wallingford, Whittier
High Price Listing
North Beach 2100 NW 99th St
$1,900,000 4 Beds / 31/2 Baths / 3,611 SQFT MLS #: 1136846 Lot Size: 19,776 sqft Year Built: 1934 Style: 2 Stories with Basement Views: Mountain, Sound, Territorial School District: Seattle Medium Price Listing
Ballard 6728 23rd Ave NW
$770,000 3 Beds / 2 Baths / 2,280 SQFT MLS #: 1117701 Lot Size: 5100 sqft Year Built: 1931 Style: 2 Stories with Basement Views: None School District: Seattle
Low Price Listing
Haller Lake 14318 Courtland Place N
$467,000 3 Beds / 1 Bath MLS #: 1168675 Lot Size: 4,935 sqft Year Built: 1942 Style: 1 Story Views: None School District: Seattle
705
Q3 2017
715
Months Supply of Inventory >
Closed Sales > SEPTEMBER
SEPTEMBER (includes pending sales) 705
less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market
710
700
189
190
390
701
159
140
385
380
1.8 0.8
2016
0.5 2017
10 year average
2016
2017
10 year average
Median Closed Sales Price > SEPTEMBER
$740,500 $650,000 $582,000 $524,500 $468,500
$435,000
2008
$434,000
$410,000
$415,000
-6%
+1%
-3%
+8%
+8%
+12%
+11%
+12%
+14%
2009
2010
2011
2012
2013
2014
2015
2016
2017
$400,500
All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.
19
710
Bryant, Cedar Park, Hawthorne Hills, Inverness, Jackson Park, Lake City, Laurelhurst, Maple Leaf, Mathews Beach, Northgate, Olympic Hills, Pinehurst, Ravenna, Roosevelt, Sand Point, U District, View Ridge, Wedgwood, Windermere
High Price Listing
Laurelhurst 5119 NE 42nd St
$1,875,000 5 Beds / 31/4 Baths / 3,380 SQFT MLS #: 1118421 Lot Size: 7,875 sqft Year Built: 1947 Style: 2 Stories with Basement Views: Lake, Mountain, Territorial School District: Seattle
Medium Price Listing
Maple Leaf 1109 NE 82nd Street
$815,574 3 Beds / 13/4 Baths / 1,640 SQFT MLS #: 1153515 Lot Size: 2,750 sqft Year Built: 1927 Style: 1 Story with Basement Views: None School District: Seattle
Low Price Listing
Jackson Park 12732 10th Ave NE
$479,000 3 Beds / 1 Bath / 1,150 SQFT MLS #: 1145412 Lot Size: 7,241 sqft Year Built: 1950 Style: 1 Story with Basement Views: None
20
School District: Seattle
710
Q3 2017
715
Months Supply of Inventory >
Closed Sales > SEPTEMBER
SEPTEMBER (includes pending sales) 705
less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market
710
700 390
701 140
2.0
0.8
0.8
2016
2017
10 year average
108
112
2016
2017
385
380
95
10 year average
$780,626
Median Closed Sales Price > SEPTEMBER $650,500 $605,194
$435,250
2008
$455,500
$465,000
$481,500
$501,000
$445,000 $409,000
+5%
+2%
-4%
-8%
+18%
+4%
+21%
+7%
+20%
2009
2010
2011
2012
2013
2014
2015
2016
2017
All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.
21
715
Echo Lake, Firlands, Hamlin Park, Hillwood, Innis Arden, Meridian Park, Richmond Beach, Richmond Highlands, Shoreline, The Highlands, Westminster
High Price Listing
Richmond Beach 19105 Richmond Beach Dr NW
$1,660,000 4 Beds / 31/2 Baths / 3,620 SQFT MLS #: 1133724 Lot Size: 7,576 sqft Year Built: 1925 Style: 2 Stories with Basement Views: Mountain, Sound School District: Shoreline
Medium Price Listing
Shoreline 345 NW 189th St
$673,000 3 Beds / 13/4 Baths / 2,020 SQFT MLS #: 1166281 Lot Size: 9,394 sqft Year Built: 1954 Style: 1 Story Views: None School District: Shoreline
Low Price Listing
Shoreline 14817 Ashworth Ave N
$466,700 2 Beds / 1 Bath / 870 SQFT MLS #: 1123145 Lot Size: 8,160 sqft Year Built: 1950 Style: 1 Story Views: None
22
School District: Shoreline
715
Q3 2017
715
Months Supply of Inventory >
Closed Sales > SEPTEMBER
SEPTEMBER (includes pending sales) 705
less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market
710
700 390
701
2.9
140
385
380
45
1.1
2016
2017
33
32
1.4
10 year average
2016
2017
10 year average
Median Closed Sales Price > SEPTEMBER
$610,000
$515,250
$381,200 $332,500
2008
$314,000
$298,000
$382,475
$385,000
$486,000
$311,375
-13%
-6%
-5%
+4%
+23%
+1%
+34%
-6%
+26%
2009
2010
2011
2012
2013
2014
2015
2016
2017
All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.
23
720
Lake Forest Park, Shoreline
High Price Listing
Sheridan Beach 15523 Lake Shore Blvd NE
$1,280,000 4 Beds / 21/2 Baths / 2,890 SQFT MLS #: 1173723 Lot Size: 11,536 sqft Year Built: 1976 Style: 2 Stories Views: Lake, Mountain School District: Shoreline
Medium Price Listing
Lake Forest Park 20255 37th Ave NE
$645,950 4 Beds / 3 Baths / 2,410 SQFT MLS #: 1141416 Lot Size: 32,234 sqft Year Built: 1984 Style: 2 Stories Views: None School District: Shoreline
Low Price Listing
Shoreline 19044 14th Ct NE
$426,000 2 Beds / 13/4 Baths / 1,160 SQFT MLS #: 1153600 Lot Size: 1,008 sqft Year Built: 2006 Style: Townhouse Views: Mountain, Territorial
24
School District: Shoreline
720
Q3 2017
715
Months Supply of Inventory >
Closed Sales > SEPTEMBER
SEPTEMBER (includes pending sales) 705
less than 3 months = seller’s market 3 -6 months = balanced market more than 6 months = buyer’s market
710
700 390
701
64
140
56
2.7
385
380
38 1.3 0.9
2016
2017
10 year average
2016
2017
10 year average
Median Closed Sales Price > SEPTEMBER
$605,000
$510,600 $445,000 $370,000
$345,000 $313,725
2008
$375,000
$401,750
$340,000 $306,500
-15%
+10%
-1%
-10%
+22%
+7%
+11%
+15%
+18%
2009
2010
2011
2012
2013
2014
2015
2016
2017
All figures are based on single family home sales, which include townhomes and exclude condos. Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.
25
Why Windermere
WINDERMERE WINDERMERE WINDERMERE
STRENGTH IN NUMBERS STRENGTH IN NUMBERS STRENGTH IN NUMBERS Strength in Numbers ■■ Windermere brokers sell nearly five times ■■ In 2016 Windermere closed over 85,000 ■ ■ Windermere sell five InIn2016 Windermere closed over 85,000 ■■ Windermerebrokers brokers sellnearly nearly fivetimes 2016 Windermere closed the number of homes oftimes the average real transactions for over more85,000 than 33.2 billion the number of homes of the average real transactions for more than 33.2 billion of homes of the average realtimes ■ Intransactions 2016 Windermere closed over 85,000 Windermere brokers nearly five the for more than 33.2 billion estate broker insell the Western Washington dollars in volume sales, making it the the■number estate broker in the Western Washington dollars sales, making it the estate broker in the Western Washington transactions for more than 33.2 billion dollars number of homes of the average real estate dollarsininvolume volume sales, making it the region, providing our clients with largest regional real estate company region, providing our clients largest regional real estate company region, providing our clients with working inlargest volume sales, making it the largest regional broker in the Western Washington region, regional real estate company confidence thatwith they’re with the in the Western U.S. confidence that they’re working with the in the Western U.S. confidence that working with the that real estate company providing our clients withinconfidence in the Western U.S.in the Western U.S. bestthey’re professionals the business. ■■ Windermere has more than 300 offices best professionals in the business. best professionals in the business. they’re working with the best professionals in ■■ ■ ■ Windermere ■ Windermere than 300 offices and has more than 300 offices ■■ With more than 39 percent of the luxury Windermerehas hasmore more than 300 offices and over 6,000 brokers throughout the the business. ■■ ■ ■ With over 6,000 brokers throughout Western 39 ofofthe luxury and brokers throughout the Withmore morethan than 39percent percentshare, theWindermere luxury andover over6,000 6,000 brokers throughout the home market clients Western U.S. andthe Mexico. ■ With more than 39 percent of the luxury home U.S. and Mexico. home market share, Windermere clients Western U.S. and Mexico. home market share,from Windermere clients Western U.S. and Mexico. benefit our unique approach to market share, Windermere clients benefit from benefit from our unique approach to benefit frommarketing our unique approach to both locally high-end homes ourhigh-end unique approach to marketing high-end marketing homes both locally marketing high-end homes both locally and internationally. homes both locally and internationally. and andinternationally. internationally. ■■ ■■
WASHINGTON
MONTANA
WASHINGTON WASHINGTON
MONTANA MONTANA OREGON
IDAHO
OREGON OREGON
IDAHO IDAHO
2016
Market Share by Company Market Share Market Shareby byCompany Company By Volume NWMLS
NEVADA NEVADA NEVADA
UTAH
2016 2016
NWMLS NWMLS
UTAH UTAH CALIFORNIA
ByByVolume Volume
Greater Puget Sound Region
CALIFORNIA CALIFORNIA
ARIZONA
Greater Puget Sound Region Greater Puget Sound Region
Windermere
ARIZONA ARIZONA
Windermere Windermere
HAWAII HAWAII HAWAII
32%12% 32% 12%
Coldwell Banker
BAJA BAJA
Sotheby’s International Realty Sotheby’s International Realty
6% 6% 5% 5%
RE/MAX
39% 39%
10% 8%
10% 10% John L. Scott John L. Scott 8% International Realty Sotheby’s 8%
BAJA
39% 32%
12% 12% 12% John L. Scott 12%
Coldwell Banker Coldwell Banker
$1,000,000+
$1,000,000+ $1,000,000+
6% 5% 4%
5% ■ ■Windermere brokers whowho specialize in luxury ■ 4%4% Windermere brokers specialize RE/MAX
RE/MAX
Windermere brokers specialize home saleswho attend monthly networking Windermere who specialize inbrokers luxury home sales attend monthly ■■ Windermere is ranked as the largest ininluxury home sales attend monthly meetings where they collaborate and PUGET SOUND luxury home sales attend monthly networking meetings where theyshare ■■ ■ ■ Windermere isresidential ranked asas the largest Windermere rankedas the largest real estate firm in the Puget SOUND PUGET SOUND REAL networking meetings where they ■PUGET Windermere isisranked the largest property listing information with other networking collaborate meetings where they property listing ESTATE RANKINGS and share residential real estate firm ininthe Puget residential real estate firmin the Puget Sound area by the Puget Sound Business REAL ESTATE RANKINGS collaborate and share property listing residential real estate firm the Puget Sound Windermere brokers represent clients REAL ESTATE RANKINGS collaborate and share property listing information with who other Windermere Sound area the Puget Sound Business Asby part of the Puget Sound Businessmore Journal’s Book of Lists, this highly-respected business Sound area by the Puget Sound Business Journal, reporting than double the other Windermere area by thepublication Puget publishes Soundan Business Journal, inwith the high-end market, producing superior information with other Windermere annual “Residential Real Estate Firms” list that information ranks the region’s top brokers who represent clients in the AsAs part ofof the Puget Sound Business Journal’s Book ofof Lists, this highly-respected business Journal, reporting more than double the part the Puget Sound Business Journal’s Book Lists, this highly-respected business Journal, reporting more than double the real estate firms. The Real “Residential Real Estate Firms” rankings are based on residential sales sales volume of the next-largest firm. publication publishes an annual “Residential Estate Firms” list that ranks the region’s top brokers who represent clients in the reporting than double the sales volume representation and results for clients. publication publishesmore an annual “Residential Real Estate Firms” list that ranks the region’s top brokers who represent clients in the high-end market, producing superior volume inReal theEstate Puget Firms” Soundrankings area, with Windermere reportingsales more than double the sales real estate firms. The “Residential areare based onon residential sales volume ofof the next-largest firm. real estate firms. The “Residential Real Estate Firms” rankings based residential sales volume the next-largest firm. volume ofwith its closest competitor. market, producing superior ofsales next-largest firm. volume inthe the Puget Sound area, Windermere reporting more than double the sales high-end market, producing superior volume in the Puget Sound area, with Windermere reporting more than double the sales high-end representation and resultsparticipate for clients.in ■ Windermere brokers routinely volume ofof itsits closest competitor. volume closest competitor. Residential Real Estate Firms representation and results for clients. representation results fortours clients. The largest in the Puget Sound area. Ranked by residential sales volume for 2015. weeklyand office listing which give them Residential ■■ Windermere brokers routinely participate ResidentialReal RealEstate EstateFirms Firms The largest in in thethe Puget Sound area. Ranked byby residential sales volume forfor 2015. The largest Puget Sound area. Ranked residential sales volume 2015. 1 Windermere Real Estate | Seattle, WA | windermere.com intimate knowledge of what’s on the market ■■ ■ ■ Windermere brokers routinely participate Windermere routinely participate inbrokers weekly office listing tours which give 2015 Residential Sales Volume $18,920,000,000 1 1Windermere Real Estate WA Windermere Real Estate| Seattle, | Seattle, WA| windermere.com | windermere.com at all times and create added exposure for in weekly office listing tours which give Licensed Agents 2,900 in weekly office toursknowledge which give 2015 Residential Sales Volume $18,920,000,000 themlisting intimate of what’s on 2015 Residential Sales Volume $18,920,000,000 Offices in Washington 159 Licensed Agents 2,900 Windermere listings. Licensed Agents 2,900 them intimate knowledge of what’s on them intimate of times what’sand on create added theknowledge market at all Offices in in Washington 159 Offices Washington 159 2 John L. Scott Real Estate | Bellevue, WA | johnlscott.com the market at all times and create added the market at all times and create added exposure for Windermere listings. 2015 Residential Sales Volume $7,660,000,000 2 2John L.L. Scott Real Estate WA John Scott Real Estate| Bellevue, | Bellevue, WA| johnlscott.com | johnlscott.com Licensed Agents$7,660,000,000 1,653 exposure for Windermere 2015 Residential Sales Volume exposure for Windermerelistings. listings. 2015 Residential Sales Volume $7,660,000,000 ■■ ■■
5%
5%
3% 3% Keller Williams Keller Williams 4% 4%
3% 3% Avenue Properties Avenue Properties1% 1%
Keller Williams
Avenue Properties
3% 4% 3% 1%
5%
10%
15%
20%
25%
30%
Representing Sellers
5%5% 10% 10% 15% 15% 20% 20% 25% 25% 30% 30% 35% 35% 40% 40% 45% 45%
35%
40%
45%
Representing Buyers
Representing Sellers Representing Buyers Representing Sellers Representing Buyers
Graphs were created by Windermere using NWMLS data for all NWMLS areas, covering the greater Puget Sound region. Data reflects all new and resale single-family residences and condominiums sold in 2016. Companies not shown represented less than 1% of buyers and sellers in the high end; grouped by company brand name. Information was not verified or published by NWMLS. Graphs were created by Windermere using NWMLS data for all NWMLS areas, covering the greater Puget Sound Graphs created byand Windermere using NWMLS data allWindermere NWMLS areas,Services covering the greater © for 2017 AllPuget rightsSound reserved. | MSG-PSHE2-0217 region. Data were reflects all new resale single-family residences and condominiums sold inCompany. 2016. Companies not region. Data reflects new1% andofresale single-family andend; condominiums in 2016. brand Companies shown represented lessall than buyers and sellersresidences in the high grouped bysold company name.not shown represented less than 1% of buyers and sellers in the high end; grouped by company brand name. Information was not verified or published by NWMLS. Information was not verified or published by NWMLS. © 2017 Windermere Services Company. All rights reserved. | MSG-PSHE2-0217 © 2017 Windermere Services Company. All rights reserved. | MSG-PSHE2-0217
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■ Offices in Washington 71 Licensed Agents 1,653 ■ Licensed Agents 1,653 ■ Offices in Washington 7171 ■ Offices in Washington 3 Keller Williams Northwest Region | Spokane, WA | kw.com ■ 2015 Residential Sales Volume $5,800,000,000 3 3Keller Williams Northwest Region WA Keller Williams Northwest Region| Spokane, | Spokane, WA| kw.com | kw.com ■ Licensed Agents 2,196 ■ 2015 Residential Sales Volume $5,800,000,000 ■ 2015 Residential Sales Volume $5,800,000,000 ■ Offices in Washington 15 ■ Licensed Agents 2,196 ■ Licensed Agents 2,196 ■ Offices in Washington 1515 ■ Offices in Washington 4 RE/MAX LLC | Denver, CO | remax.com ■ Residential Sales Volume $5,180,000,000 4 4RE/MAX LLC COCO|2015 remax.com RE/MAX LLC| Denver, | Denver, | remax.com ■ Licensed Agents 1,370 ■ 2015 Residential Sales Volume $5,180,000,000 ■ 2015 Residential Sales Volume $5,180,000,000 ■ Offices in Washington ■ Licensed Agents 1,370 Company. All rights 78 reserved. ■ Licensed ©2017 Agents Windermere Services 1,370 ■ Offices in Washington 78 ■ Offices Services in Washington 78 ©2017 Windermere Company. All rights reserved. ©2017 Windermere Services Company. All rights 5 Coldwell Banker Bain reserved. | Bellevue, WA | coldwellbankerbain.com ■ 2015 Residential Sales Volume $4,430,000,000 5 5Coldwell Banker Bain | Bellevue, WA | coldwellbankerbain.com Coldwell Banker Bain |■ Bellevue, WA | coldwellbankerbain.com ■
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Why Windermere WINDERMERE WINDERMERE WINDERMERE
STRENGTH IN NUMBERS NUMBERS STRENGTH IN STRENGTH IN NUMBERS
Strength in Numbers continued
TOTAL U.S. PROPERTIES total > $1M TOTAL U.S. PROPERTIES TOTAL U.S. PROPERTIES total > $1M total > $1M 14,000
14,000 14,000
12,000
12,000 12,000
10,000
10,000 10,000
8,000
8,000 8,000
6,000
6,000 6,000
4,000
4,000 4,000
2,000
2,000 2,000
0
0 0
■■
n ColdwellBankerPreferred.com n LuxuryPortfolio.com nn ColdwellBankerPreferred.com nn LuxuryPortfolio.com KWLuxuryHomes.com SothebysRealty.comn ColdwellBankerPreferred.com n LuxuryPortfolio.com n KWLuxuryHomes.com nn SothebysRealty.com ChristiesRealEstate.com n KWLuxuryHomes.com n SothebysRealty.com n ChristiesRealEstate.com n ChristiesRealEstate.com Source: Mintel International Website Survey June 2016 ■■ Mintel Website International Survey June 2016 Source: MintelSource: International SurveyWebsite June 2016
■■ Windermere recognizes that success ■■ Windermere recognizes success Windermere recognizes that success ■ Windermere recognizes thatthat success comes comes through supporting our local comes through supporting our local comesthrough through supporting our local supporting our local communities. communities. That’s why 100 percent communities. That’s why 100 percent communities. That’s why 100to percent That’s why 100 percent of our give of our brokers give the brokers Windermere of our brokers give to the Windermere of ourtobrokers give to the Windermere the Windermere Foundation, which Foundation, which has raised morehas Foundation, which has raised more Foundation, which has raised more raised than 33dollars milliontodollars to support thanmore 33 million support than 33 dollars million dollars tofamilies support than 33 million to support low-income and homeless in our low-income and homeless families low-income and homeless families low-income and homeless families communities. in our communities. in our communities. in our communities. ■ ■Since 1984, Windermere associates have ■ Since 1984, Windermere associates have ■ ■ Since 1984, Windermere associates have donated more than 1.5 million Since collectively 1984, Windermere associates have collectively donated more than 1.5 million collectively donated more than 1.5 million hours of community towards collectively donated moreservice than 1.5 million hours of community service towards of community service towards projects through hours neighborhood-enhancing ofhours community service towards neighborhood-enhancing projects through neighborhood-enhancing projects through our annual Community Service Day. Day. neighborhood-enhancing projects through our annual Community Service our Community annual Community our annual Service Service Day. Day.
■■ As an affiliate of Leading Real Estate ■■ affiliate AsofanLeading affiliate of Leading Real Estate As an of Leading Real Estate ■ an affiliate Real Estate Companies of the World®, Windermere Companies of the World®, Windermere Companies of the World®, Windermere Companies of is the partWorld®, of the Windermere network thatis dominates is the partnetwork ofthat thedominates network that dominates thatacross dominates partisofpart theof network inthe more in more markets U.S., with inmarkets more markets across the U.S., with in more across the U.S., with markets across the U.S., with #1 market ranking #1 market ranking in 42% of the top #1top market ranking in the 42%top ofmore the top #1 market ranking in 42% of in 42% of the markets—significantly markets—significantly more than our markets—significantly more than our markets—significantly more than our than our closest national franchise competitor. closest national franchise competitor. closest national franchise competitor. closest national franchise competitor. ■ Windermere is a proud member of Luxury ■■ Windermere is a proud member of ■International®, ■ Windermere is luxury amember proud member of ■ ■ Windermere Portfolio the division is aPortfolio proud of of the Luxury International®, luxury Luxury Portfolio International®, the luxury Leading Real Estate Companies of the World®. Luxury Portfolio International®, the luxury division of Leading Real Estate Companies ■ Buyers sellers andand sellers whowho workwork with with Windermere division of Leading RealCompanies Estate Companies ■ ■■■Buyers division of Real Estate ■ Luxury Portfolio: of Leading the World®. Buyers andwho sellers who work with ■■ Buyers and sellers work with Windermere the stability benefit from the benefit stabilityfrom and experience ofmore the $1M+ World®. World®. Sells U.S. homes than any of the Windermere benefit from the stability Windermere benefit from the stability ■■ Luxury Portfolio: and experience that come from being that come from being a successful family-run network or franchise ■■ Portfolio: and experience thatfrom come from being Luxury Portfolio: ■ ■ Luxury and experience that come being a successful family-run business for business for more than 40 years. p■ Sells Represents more $1M+ homes than any a successful more $1M+ U.S. than homes a successful family-run business for family-run business for than Real 40 years. ■ Sells moreU.S. $1M+ U.S. than homes than any ■ As more p■ Sellspmore $1M+ homes any the Official Estate Company of any othernetwork luxury network or franchise more more than 40than years.40 years. network or franchise network or franchise the Seattle Seahawks, ■ ■ As the Official RealWindermere’s Estate Features a website that reaches 200 p■ Represents more $1M+ homes than ■■ Official As the Official Real Estate ■■ As the Real Estate #TackleHomelessness campaign raised Company of the Seattle Seahawks, p■ Represents countries/territories around the world more $1M+ homes than p■ Represents than anymore other$1M+ luxuryhomes network Company of to thebenefit Seattle Seahawks, Company of the Seattle Seahawks, $35,000 in 2016 homeless youth. Windermere’s #TackleHomelessness anyluxury othernetwork luxury network any other Windermere’s #TackleHomelessness Windermere’s #TackleHomelessness p■ Features a website that reaches 200 campaign raised $35,000 in 2016 to p■ Features a website that reaches campaign raised $35,000 p■ Features a website that reaches 200 the200 raisedhomeless $35,000 inyouth. 2016 in to 2016 to countries/territories around world campaign benefit countries/territories the world benefit benefit homeless countries/territories around around the world homeless youth. youth. ■ ■ As
©2017 Windermere Services Company. All rights reserved. ©2017 Windermere Services Company. All rights reserved. ©2017 Windermere Services All rights reserved. ©2017 Windermere Services Company. AllCompany. rights reserved.
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Windermere Foundation
28
WINDERMERE.COM/FOUNDATION WINDERMERE.COM/FOUNDATION
Windermere Foundation
W I N D E R M E R E .CO M / FO U N DAT I O N
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Leslie Fox Broker (206) 300-7018 mobile (206) 527-5250 office lfox@windermere.com www.lesliefox.com
windermere.com