The Seattle "Sky High" Life - Things are looking up.
Tuesday, executives and brokers of Seattle's Realogic's Sotheby's International Realty, unveiled a property showcase unlike any other in the city. Open to the public (by appointment), the tour featured in-city homes inside Seattle's most exclusive buildings. “It's peak season to present luxury homes in downtown Seattle as many locals and visitors are experiencing the allure of our world-class city,” says Dean Jones, Principal of Realogics Sotheby’s International Realty. “We’ve noted a steady increase of property inquiries from buyers around the corner and around the globe. We hope to add these fine properties to our growing list of sold listings so far this year.”
According to data published in Realogic's recent Penthouse Tour press release, Seattle sits soundly as one of the nations top tourist destinations - with an estimated 10 million people through the Pike Place Market annually, and approximately 800,000 visitors pouring in on cruise ships alone, the numbers add up.
Additionally, Jones attributes downtown condo sales in the $1 million + market to an estimated number of 50% out-of-town buyers.
Like it or not, our city has been "discovered," and we are steadily becoming a relocation destination.
More specifically, penthouse homes have come into high demand as alternatives to large-lot living for many Seattle residents.
“I believe we’re at real turning point with downtown housing - so statistical information has become as important as the architectural design, location or views,” says Jones. “That said buyers and brokers tend to look at these unique penthouse properties a little differently than more typical condominiums. They’re similar to waterfront listing because like land, they’re not making any more towers. Penthouse living is an inherently finite commodity.”
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