This month’s Premier networking breakfast saw more than 150 Puget Sound-area agents come together to hear the latest information on the real estate market. Brokers from as far away as Bellingham joined local brokers at Broadmoor Golf Club to present their newest luxury listings and to discuss 2016 luxury real estate trends and forecasts.
This month, we heard from Windermere’s Chief Economist, Matthew Gardner, and Windermere Owner, Matt Deasy. The Washington State economy has added almost 370,o00 jobs since the lowest point of the recession at the start of 2010. We expect to continue seeing modest job growth this coming year. That being said, our economy will continue to expand, which will be a benefit to our region’s housing market. A few other forecasts for this upcoming year: Mortgage rates will rise at a modest pace. We will see continued home price growth (+/- 5.5%). The Millennials will start to enter the market. Supply in the high-end market will remain tight, but easing demand may take some of the edge off. Matt Deasy provided a recap of 2015 year-end stats, which showed that Windermere continues to lead in the most homes sold and bought in luxury real estate in the Pacific Northwest.
Check out January’s Look Book and read more about the event by clicking here or on the picture below.
Every month, Windermere brings together its top luxury agents for the Premier Networking Breakfast. This month’s breakfast saw more than 100 Puget Sound area agents come together to discuss the latest luxury housing market trends and activity. Agents from as far away as the San Juan Islands joined local agents at Broadmoor Golf Club to present their newest $1 million-plus listings and hear speakers talk about the nuances of working with international and multicultural clients.
Agents discussed the ups and downs of the local luxury housing market, where sales are strong, but buyers continue to struggle to find homes amidst some of the lowest inventory levels in recorded history. As one agent put it, “As long as rates are low and jobs are up, I don’t expect much to change”.
Real estate attorney, Daniel Shin, from the law firm Inslee, Best, Doezie & Ryder, PS, presented some very interesting information on Chinese homebuyers. He stated that China recently replaced Canada as the largest population of international home buyers in the U.S. And Seattle is increasingly becoming one of their favorite destinations – but not necessarily for its investment potential. Rather, Mr. Shin said that the Chinese are drawn to the area for the clean air, top schools, and quality of life.
Lance Grob, who is the Business Development Leader for Multicultural Markets at Chicago Title, added to this by talking about how to be a culturally savvy real estate agent. He gave helpful insights into engaging with multicultural clients, whose customs and culture often differ from our own, as well as the importance of understanding other culture’s communication styles.
Given the growing number of international and multicultural home buyers and sellers in the greater Seattle area, our agents found both presentations particularly helpful and relevant to today’s rapidly evolving real estate market. The group’s next breakfast will be held in July at Overlake Golf and Country Club in Medina.
Today, more than 160 Windermere brokers attended the company’s monthly Premier Properties breakfast at the Broadmoor Golf Club in Seattle’s Madison Park neighborhood. Agents from all over the Puget Sound area came together to share their new luxury listings and to learn how to make 2015 their most successful year yet through effective business planning. A big shout out to our speakers, Premier Executive Directors, Ty Evans (Windermere Bainbridge Island) and Rick Franz (Windermere Bellevue South), for sharing their insights and expertise.
More than 95 Windermere Real Estate agents came together last week for our monthly Premier Breakfast at Broadmoor Country Club in Seattle to discuss luxury real estate and the difference a strong brand makes for our clients.
Our favorite quote from the event: “The name of a property is its personality.”
Check out the beautiful new November 2014 Premier Look Book!