I am SO EXCITED to announce the signing of a long term lease for approximately half of the Old Hardware Store building at 240 Winslow Way East on Bainbridge Island. After sitting vacant for the past four years, the nearly 70-year old building was acquired in January 2016 by The Old Hardware Store, LLC managed by local businessman Joseph Lacko.
Learn About Boat Safety on March 12th, 2016
The United States Coastguard Auxiliary is offering an eight-hour introductory course for the new boater, those thinking of buying a boat and for those boaters that need the Boater’s Education Card. This course meets the mandatory boater education requirements of the State of Washington for the Boater Education Card.
What's Next? Your Event Calendar Update
Your comprehensive guide, take a peek at what’s going on! From the start of the Seattle Boat Show to Django Reinhardt’s Birthday Celebration on Bainbridge Island, here’s what’s happening around the sound.
Select Links Below to View Full Calendar of Events in Each Community
Bainbridge Island Events >> ♦ Seattle Events >> ♦ Eastside Events >>
Palace Magazine Adds Seattle Metro Area to List of Top Markets Sought by Asian Homebuyers
As yet another acknowledgement that the Seattle metro area has joined the league of global cities attracting Asian investment, immigration and homeownership, Palace Magazine recently published a special report on American cities that included the Emerald City with significant contributions by Realogics Sotheby’s International Realty.
Sotheby's International Realty Releases 2015 Website Statistics; Reports 30% Increase in Website Traffic Year-Over-Year
BIG news for Realogics Sotheby’s International Realty listed homes in Kitsap County and beyond! Sotheby’s International Realty Affiliates LLC released website data for 2015 that indicates record breaking traffic with a 30% increase in website visitors year-over-year.
What's Next? Your Weekly Event Calendar Update
Recently Released Evoker Film Featured on RSIR.COM
I am excited to share that my recently released broker film, produced by the extraordinary team at Evoker, is the featured film of the week on Realogics Sotheby’s International Realty! Not only is it the first film option in the gallery, but it is a featured post on the RSIR blog and has been shared on all of their social media accounts.
What's Next: Your Monthly Event Calendar
I am thrilled to bring you this week’s event calendar! Your comprehensive guide, take a peek at what’s going on! From the Seattle Lakes Lunch Cruise and the First Friday Art Walk on Bainbridge Island to Ceramics, Art and Wine in downtown Kirkland, here’s what’s happening around the sound:
Select Links Below to View Full Calendar of Events in Each Community
Bainbridge Island Events>> ♦ Seattle Events >> ♦ Eastside Events >>
Sotheby's International Realty Affiliates Ring the Closing Bell at the NYSE
Sotheby’s International Realty Affiliates LLC, whose parent company is Realogy Holdings Corp. (NYSE: RLGY), rang the Closing Bell at the New York Stock Exchange yesterday to celebrate its 40th anniversary milestone in the luxury residential real estate brokerage business. Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC, was joined on the podium by members of theSotheby’s International Realty network for the bell ringing ceremony. “I am very proud of the journey we have taken together with our global luxury real estate network to bring the brand where it is today,” said White. “The Sotheby’s International Realty brokerage network was built to connect the finest independent residential real estate companies to the most prestigious and discerning clientele in the world,” said White. “We are honored to be celebrating this milestone by ringing the Closing Bell at the New York Stock Exchange.”
The Sotheby’s International Realty network currently has more than 18,000 independent sales associates located in approximately 825 offices in 61 countries and territories worldwide. Each office is independently owned and operated.
To mark the event, Philip White additionally appeared on CNBC’s Closing Bell to discuss the luxury real estate market.
What's Next: Your Weekly Event Calendar
I am thrilled to bring you this week’s event calendar! Your comprehensive guide, take a peek at what’s going on! From Christmas Jazz at Seattle’s Town Hall and an Outdoor Skating Rink at Redmond Town Center to the opportunity to Meet the Artist at the Bainbridge Island Art Museum, here’s what’s happening around the sound:
Select Links Below to View Full Calendar of Events in Each Community
Bainbridge Island Events>> ♦ Seattle Events >> ♦ Eastside Events >>
Market Update: November 2015
November's numbers are in and the Bainbridge Island real estate market inventory continues to wane, as the number of active listings was down nearly 20% month-over-month. Sales also decreased, as the number of units sold was down nearly 30% compared to October's numbers. Given the anemic inventory, however, the median listing price increased $90K from the previous year to $875K. And buyers made their presence felt as the median sale price of $690K was up over $175K compared to last year. Along with increased prices, homes sold in an average of just 23 days on the market, down 62% from the previous year.
Watch November's Market Videos >>
RSIR Bainbridge Island Gives Back: Pick Up a Gift Tag & Fulfill a Holiday Wish
Our Bainbridge Island Office is pleased to share a partnership with North Kitsap Fishline Christmas Child 2015, bringing joy to local children’s lives this Christmas season. Pick up a gift tag from the Bainbridge Island office that includes three wants and three needs confluent with the child’s interests, hobbies and abilities. Then purchase the items to fill the season with a little more holiday cheer. Please return all unwrapped gifts with attached tags to the Bainbridge Island Office by December, 17th. Wrapping paper rolls are greatly appreciated!
Realogics Sotheby’s International Realty’s Bainbridge Island Office is located at 271 Madison Avenue South in Bainbridge Island.
Sotheby's International Realty Expands Luxury Brand Presence into Finland
Sotheby’s International Realty Affiliates LLC today announced it has expanded its global real estate network into Finland with the launch of Snellman Sotheby’s International Realty located in Helsinki. The owners, consisting of Swedish and Finnish prominent business investors headed by Robert Charpentier, signed an exclusive 25-year franchise agreement to develop the Sotheby’s International Realty® brand throughout Finland. The company will operate under the leadership of Kenneth Katter, who brings over 20 years of relevant high-profile international sales experience to his role of chief executive officer.
“Expansion into Finland continues the brand’s commitment to providing access to theSotheby’s International Realty network’s exclusive real estate services in luxury real estate destinations around the world,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Finland is a country widely admired as a European hub of innovation and entrepreneurship where the luxury market continues to grow. Entry into Helsinki offers great opportunity and complements the brand’s strong existing presence throughout Sweden and the Baltic States.”
According to Charpentier, the plan is to establish the Sotheby’s International Realty brand in the capital city of Helsinki with the opening of the first Snellman Sotheby’s International Realty office. With the addition of this office, opening this year, the Sotheby’s International Realty brand will have over 180 independently owned and operated offices in the Europe, Middle East and Africa regions. Other cities in Finland will be evaluated on an ongoing basis and Charpentier anticipates a presence in the Finnish Lapland in the future to facilitate the international interest of high-end ski chalets.
Katter adds, “This company is focused on fulfilling the needs of highly discerning clients searching for extraordinary real estate and requiring a high quality of service. It is vitally important for our team to ensure that we understand our clients’ needs and to deliver efficient and personalized services with professionalism and confidentiality,” he said.
“Now with the support of the Sotheby’s International Realty brand we can bring Finland’s extraordinary and unique properties to the far-reaching corners of the world.”
The Sotheby’s International Realty network currently has over 18,000 sales associates located in approximately 825 offices in 61 countries and territories worldwide. Snellman Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and their clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.
What's Next: Event Calendar Update
Your comprehensive guide, take a peek at what’s going on! From this weekend’s Swing and Gypsy Jazz Concert at the Museum of Art to next week’s Turkey Trot at Battle Point Park, here’s what’s happening around Bainbridge Island!
Select Links Below to View Full Calendar of Events in Each Community
Bainbridge Island Events >> ♦ Seattle Events >> ♦ Eastside Events >>
Wealth-X and Sotheby's International Realty Release UHNW Luxury Real Estate: Multi-Homers Report
According to a new study released by Wealth-X and the Sotheby’s International Realty® brand, more and more ultra high net worth (UHNW) individuals are buying second homes outside of their domiciles. The report revealed that there are currently more than 211,000 UHNW individuals around the world and that their purchase of international homes has risen. “Our partnership with Wealth-X has proven to be invaluable as we continue to explore the motivations of the world’s ultra high net worth,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates, LLC. “The research from our latest report uncovers current trends in home purchasing behavior and chief lifestyle considerations, helping us gain insight into investment strategies of the UHNW population.”
As the report reads, “five years ago international homes accounted for 11% of non-primary UHNW residences, whereas they now account for 16%.” Further, “nearly 80% of UHNW individuals own at least 2 homes and over half own at least 3 homes.”
According to the report, “while many of these homes are being purchased in traditional UHNW centers, additional home buying is becoming a truly global enterprise.” The image below spotlights “the top 10 secondary residence countries, outside primary business country”:
Realogics Sotheby’s International Realty (RSIR) has emphasized the importance of Chinese international buyers for the last few years. Among their many initiatives, RSIR most recently announced a partnership with Tiger Oak Publications on an all-Mandarin magazine, “Seattle Luxury Living,” to target affluent Chinese consumers both locally and overseas. In addition, they launched a “Fly and Buy” luxury tourism program and are developing an exclusive We Chat App that will feature the Seattle Luxury Living content as well as other market reports, featured listings and reference resources for Mandarin-speaking homebuyers exploring investment in the Pacific Northwest. Read more about the firm’s initiatives >>
Other key findings from the report:
- The average UHNW Mult-homer is 63 years old, has a net worth of US$165 million and is married.
- The United States is the most popular location for second homes among the ultra wealthy, followed by the United Kingdom and Switzerland.
- Four types of luxury home types have emerged as favorites among the global ultra wealthy: Green Homes, Smart Homes, Private Islands, and Serviced Apartments. These types of luxury residences serve their needs, aspirations, and lifestyle considerations.
- The Caribbean and the Mediterranean remain favorites among UHNW buyers for private island homes, but Southeast Asia, Canada, Belize and the United Kingdom are gaining popularity.
- UHNW Multi-home buyers are fueling market growth in regions beyond urban hubs such as London, New York City and Hong Kong. The report profiles Miami, Florida; Geneva, Switzerland; and Long Island, New York.
Read the Full Wealth-X & Sotheby’s International Realty Report >>
What's Next: Your Monthly Event Calendar
I am thrilled to bring you this week’s event calendar! Your comprehensive guide, take a peek at what’s going on! From this weekend’s Oyster New Year in Seattle and Field to Table Dinner on Bainbridge Island, to the Gilman Village Wine Walk next week, here’s what’s happening around the sound:
Select Links Below to View Full Calendar of Events in Each Community
Bainbridge Island Events>> ♦ Seattle Events >> ♦ Eastside Events >>
The Local Dish: Halls Hill Lookout
I recently visited a fabulous park on Bainbridge Island called Halls Hill Lookout. If you have not been here, I suggest adding it to your weekend plans immediately. It is the perfect place to meditate on the island, complete with a beautifully designed stone labyrinth. According to a recent article on Inside Bainbridge, it is estimated that the builders "collected some 25,000 pounds of rocks for the labyrinth from Bainbridge Island beaches, poring over shorelines for the rights shapes, sizes, and colors, mindful not to disturb beach creatures in the process."
The benefactors wish for it to remain a place of peace primarily for locals, not a tourist attraction. When you visit it, which I hope you will, you will see why.
Have I Recently Mentioned How Much I LOVE My Office?
This fabulous spread is a regular occurrence at our bi-weekly office meetings. Lots of LOVE and ENTHUSIASM for all the hard working agents at Realogics Sotheby's International Realty. What a great team to work with!
What's Next: Your Monthly Event Calendar
I am thrilled to bring you this month's event calendar! Your comprehensive guide, take a peek at what’s going on! From this weekend’s Cemetary Walk at Fort Lawton to a Super Squash Scavenger Hunt on Bainbridge Island, here’s what’s happening around the sound.
Select Links Below to View Full Calendar of Events in Each Community
Bainbridge Island Events>>> ♦ Seattle Events >>> ♦ Eastside Events >>>
Introducing: An Exclusive Apple News Partnership
I am excited to share that Sotheby’s International Realty is now 1 of 20 exclusive advertising partners on the Apple News app now through the end of December and the only real estate company.
Apple News is a brand new application baked into every Apple device running iOS 9 or newer, allowing our brand to potentially reach over 800 million iPhones and iPads.
You can add the Sotheby's International Realty channel within Apple News, which has content automatically fed via the Extraordinary Living blog. It can be found by searching for Sotheby's International Realty within the News app, or clicking here on your iOS device.