Luxury Real Estate | Market News & Stats Blog

Monday, February 24, 2020   /   by Laura Lynn

Opportunity in the Luxury Market This Year

Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand for housing over the past few years has come from first-time buyers looking for starter homes. It looks like buyer activity, however, is starting to show a shift in this segment.
According to the January Luxury Report from the Institute for Luxury Home Marketing (ILHM):
“In a snapshot of 2019, despite pessimism at the start of the year, the last quarter showcased a strengthening, with an upswing in the luxury market for sales in both the single family and condo markets.”
Momentum is growing, and those looking to enter the luxury market are poised for success in 2020 as well. With more inventory available at the upper-end, historically low interest rates, and increasing ...

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  northwest real estate, real estate, home buyer, northwest real estate team, real estate market statistics, washington, pnw, luxury real estate

Saturday, February 1, 2020   /   by Laura Lynn

February 2020 Market Update

Welcome, February!















 Please Join Us @ Our New Office Grand Opening


RSVP Text Laura 425.647.0550















We are well into the Winter season and have officially checked off one month into the new year! To help you ring in the shortest month of the year and find ways to show your loved one just how special they are on Valentine's Day, we've gathered some great local events, date night recipes, unique getaways, and much more to embrace all that February is about to bring us!















January 2020 Market Recap










Median Sales Price (King County) 




2019 $565K    2020 $590K   UP 4.4%






Median Sales Price (Seattle) 



2019 $640K    2020 $670K   UP 4.7%





Median Sales Price (Eastside)





2019 $800K    2020 $780K    DOWN 2.5. ...

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  northwest real estate, real estate, home buyer, home seller, northwest real estate team, real estate news, real estate market statistics, washington, pnw, compass concierge, compasssellerspotlight, maximize home value, newsletter, local events, compass bridge loans, compass cares, luxury real estate

Wednesday, January 15, 2020   /   by Laura Lynn

2020 Luxury Market Forecast

By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury space. That said, now is a perfect opportunity to take a look at the forecast for the 2020 luxury market.

Three Things to Think About in the 2020 Luxury Housing Market

1. Prices

The U.S. economy is strong today, with buying opportunities throughout the luxury end of the market. Thomas Veraguth, Strategist at UBS Global Wealth Management, says in Barrons.com,


“There’s a good link between luxury real estate prices and [economic] growth.”

Available inventory is a key element that can impact home prices. At the upper range, the inventory is greater in comparison to the entry-level market, making moving up to a luxury home a grow ...

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  home seller, northwest real estate, real estate news, home buyer, real estate market statistics, pnw, real estate, northwest real estate team, luxury real estate