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.

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.

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.

Good morning, RSIR Nation! I'm curious to see if history will repeat itself. A century ago, America rolled into one of the most transformative eras of economic growth and lifestyle pursuits with the first world war over, a booming stock market, integration of consumer debt products (leverage) and new innovations. This was the birthplace of many personal liberties, good times and prosperity. A lot of the convenience was brought by the mechanical devices that made life better. American cities flourished.

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.

The Fast-Growing Brokerage Spurs the Second Largest Listing Volume by Brand in Northwest MLS; Executives Plan for Closings and Supply to Double in Spring Sales Surge Over Next 60 Days

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".

With 2020 sales volumes rising nearly 70 percent year-over-year to $2.8 billion, Realogics Sotheby’s International Realty congratulates Danny Varona and his team for closing $58,000,000 in luxury residential real estate transactions in 2020. The team ranked #1 top producing team in 2020 within Realogics Sotheby’s International Realty (Kirkland office).

The November Case-Shiller Home Price Index reported that for the tenth consecutive month, the Seattle metro area remained second in the nation in terms of residential price growth year after year after nationwide leader Phoenix. For the fourth month, San Diego remained in third place, outranking Tampa in August for the first time. In all three of these top cities, residential price indices rose year-over-year at rates between 12 and 14 percent. Over the same period, no other West Coast city has seen prices increase by more than 10 percent.

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.

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

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.

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…

Danny Varona completes specialized training, builds expertise in luxury real estate market.

The Institute for Luxury Home Marketing’s training gives real estate professionals the knowledge, skills and resources to effectively serve affluent clients.

On April 24th, over 15,000 regional subscribers will receive a complimentary copy of RESIDE Magazine in the print edition of The Wall Street Journal. The Digital Edition is also available for all to experience in the comfort of their homes.

When looking at GDP (the measure of our country’s economic health), a survey of three leading financial institutions shows a projected sharp decline followed by a steep rebound in the second half of this year:

We’re currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a recession no later than the end of this year (2020).