Welcome St. Kitts & Nevis Sotheby’s International Realty! With the inauguration of Sotheby's International Realty in St. Kitts and Nevis, Sotheby's International Realty is increasing its footprint in the Caribbean. The acquisition marks the brand's continuous expansion in the Caribbean, bringing the total number of offices in the region to roughly 30. The announcement comes at a time when the Caribbean market is booming, thanks to rising interest in second homes and investment properties fueled by the ability to work remotely.

S&P Dow Jones issued their April 2021 CoreLogic Case-Shiller Home Price Index as Seattle sweltered under the heat dome in late June. The index revealed historic residential price increases across the board, with just Chicago falling short of a 10% year-over-year increase. Seattle and San Diego, with gains of 20.2 percent and 21.6 percent, respectively, continued to outperform their West Coast counterparts.

These are the days that keep us going in the Pacific Northwest amid the darkest days of January and the persistent drizzle of March: summertime. It's finally that time of year, with the bluest hues across the sky and the shimmering sea of the Puget Sound, Lake Washington, and beyond.
Our real estate market, too, is feeling the heat. Buyers looking to take advantage of record low borrowing rates have descended upon the market, and a scarcity of inventory has favored sellers who are frequently faced with several offers.

The brand continues to have more sales associates than any other real estate company in the rankings year after year, accounting for 20% of the category in 2021. The Annual Report rates the top 1 000 residential property agents and teams in the USA on the basis of their annual sales and transaction volume in 2020. In the REAL Trends individual sales volume category, Sotheby's International Realty claimed 50 of the top 250 sales associates.

Sotheby's International Realty announced that their website, sothebysrealty.com, was selected Best Real Estate Website in the People's Choice Category of the 25th Annual Webby Awards.The Webby Awards, presented by the Worldwide Academy of Digital Arts and Sciences (IADAS), are the main international awards organization honoring achievement on the Internet and have been dubbed the "Internet's highest honor" by The New York Times.

For Tax Day, executives from Realogics Sotheby’s International Realty (RSIR), Caliber Home Loans, and O’Connor Consulting Group released research demonstrating that new tenants who chose to live in brand-new, luxury apartments rather than purchasing a similar condominium had paid more than $50 million in unrecoverable lease payments (or $218,983 individually) over the last decade. Meanwhile, the average renter lost out on an estimated $288,934 in average capital appreciation over the same time period, as well as $9,228 in income tax deductions in 2020.

Realogics Sotheby's International Realty is releasing two reports this year to help buyers and sellers in the Puget Sound real estate market make informed decisions. To begin, the 2021 Exclusive Report examines how Seattle's burgeoning and diverse economy has fueled unprecedented development and population growth, indicating a clear urbanization trend.

As home prices in the Seattle metro area continue to rise, affordability has become an increasingly elusive goal, as has timed the market for developer incentives and today's historically low, but rising, interest rates. According to The Seattle Times, condominium sales in Seattle increased 121.2 percent year over year, while median prices increased 4.5 percent compared to April 2020.

We look at the extraordinary living on the eastern coast from the shores of Lake Washington to the destinations and communities nestling in the foothills of the Cascade. The landscape is gorgeous, the schools are among the best in the state, and the communities that comprise the bustling Eastside offer unparalleled opportunities for those looking to sell their home or find their next.

Sotheby's International Realty announced the opening of Oman Sotheby's International Realty today, expanding its presence in the Middle East. Oman Sotheby's International Realty is the brand's third affiliated company in the region, indicating the brand's continued growth.

Sotheby's International Realty Sees 32% of Sales Growth and Achieves $150 Billion in Global Sales Volume as 2020 Changes Definition of the word "Home".

Sotheby's International Realty today announced that, with the opening of Elite Sotheby's International Realty, its presence in Ohio is expanding. The addition marks the continued growth of the brand in the state and its third Ohio affiliated company. Ken Schmidt and Mike Schmidt are the owners of Elite Sotheby's International Realty and will be headed by Managing Broker Joanne Zettl.

There's a lot to think about with 2020 in the rearview mirror and so much we have to look forward to, as you'll see in the RESIDE® Winter Issue. After such a challenging year, we all learned the value of where we call home is more important than anything—and together with our 375-plus brokers and staff, we have brought more families and their homes together, across all price points and property types than ever before.

As Fast-Growing Brokerage Earns Top Ranking for Luxury Sales and Productivity per Broker in 2020, Gross Sales Production increased 69 percent; Executives Plan Roster & Division Expansions in 2021

The strongest headwinds caused by COVID-19 in 2020 were in urban centers across the country. According to S&P/Case-Shiller reports, Downtown Seattle was not sheltered, despite the Seattle metro area commanding the highest aggregate median home price increases in the U.S. for most of the year.

Sotheby's International Realty today announced that WP Realty is the newest member of its global network in South Korea and will now operate as Korea's Sotheby's International Realty. The addition marks the first affiliated office of the brand in the country and its continued strategic growth in East Asia, bringing its presence to 18 offices in the region.

Dean Jones, Owner and CEO of Realogics Sotheby's International Realty, confidently welcomed the public to the B-Bar: a by-day café and restaurant, and evening wine bar that works in concert with the Bellevue flagship brokerage office. Dean Jones, along with co-owner and CPO Stacy Jones, cut the ribbon with longtime restaurant owner Joe Vilardi and Bellevue Mayor Lynne Robinson to formally open the B-Bar and office in downtown Bellevue on Old Main Street.

A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for these upgrades in the luxury market.

There has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be longing for the open spaces that suburban and rural areas provide.

Like many Americans, Seattleites are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate what homeownership means and what they find most important in a home. According to Zillow…