Realogics SIR Ranks Among the Top 10 Largest Residential Real Estate Brands in Washington
I am proud to share that Realogics Sotheby’s International Realty ranked among the top ten largest real estate brands in Washington State according to a recent report by Trendgraphix as of May 2016 based upon the trailing 12 months of total sales volume. The data suggests that amongst its peer group of established brokerage firms, RSIR is the fastest-growing, increasing its unit volume and gross sales volume by 25-percent and 53-percent, respectively year-to-date (May 2016) compared with 2015.
Evergreen Dreaming: Californians Flock to Washington State
According to recent Census data, California sends more new residents to King County than any other state in the US, as noted in a recent Seattle Times article. The trend makes a lot of sense considering that the two states share a time zone, a love for the ocean and a propensity for employing high-tech workers, as recently highlighted by The Wall Street Journal and the Puget Sound Business Journal,which described that the average home costs nearly $600,000 less in Seattle compared to Silicon Valley. A delegation of RSIR brokers and owners recently visited the Bay Area to explore these trends firsthand.
Thousands of Californians moving from the Golden State to the Evergreen State. For the year ending July 2015, nearly 22-percent of the 16,999 new residents in Washington came from California, according to State of Washington Department of Licensing:
“Many inbound Californians recognize that Washington offers a bounty of opportunity with a much lower cost of living,” said Dean Jones, President & CEO of RSIR. “I joke that we’re the Evergreen State not just because of the lush forest and landscapes but because we have no state income tax. Washington’s a good place to get wealthy and stay wealthy, whereas California has the highest combined tax rates in the US and top earners can pay up to 13-percent state income.”
Jones says one of the trends is for affluent Californians to buy a principal residence in Washington State and keep their current home in California as a second home. By becoming a Washington resident and living in the Puget Sound region for the majority of the year, passive income earners can avoid paying state income tax in California and invest those savings in building equity in two homes instead of paying the government.
Californians remain a targeted consumer group for RSIR, as have immigrating Asian home buyers, who comprise the second largest relocating demographic in Washington.
Open August 15th & 16th: Manzanita Bay Waterfront Home
This Saturday & Sunday, August 15th & 16th, you are invited to tour our GORGEOUS Manzanita Bay Waterfront Home from 1-3PM.
Sunny & casual west-facing waterfront home with coveted deep water dock in sheltered Manzanita Bay. Spectacular views & French doors to decks from every room. Airy & bright with cathedral ceilings, open layout and wide plank pine floors. Level entry & romantic main floor master with fireplace. An entertaining sized kitchen with new steam oven & high end appliances. Extra room upstairs with endless possibilities. Indulge yourself in an accessible waterfront lifestyle – sandy beach & 253′ dock suitable for 50′ sailboat.