International Spotlight: Locating the Right Buyer Requires a Global Reach in Today’s Market

The world knows the Sotheby’s brand. With buyers flooding the local area from around the globe we are able to capture their attention prior to their arrival by showcasing our properties through all our global affiliates even before the buying trip begins. As the only authentically global real estate firm in the world, the Sotheby’s International Realty network has more than 20,000 affiliated independent sales associates. Our offices are located in 880 offices in 69 countries and territories worldwide. Below you will find more information about the five newest Sotheby’s affiliate offices along with details highlighting what makes each region appealing to buyers. Milwaukee, Wisconsin Southeast Wisconsin is a very active and dynamic region with strong economic growth and a flourishing luxury residential real estate market. Upstate New York The Adirondack Mountains are a year-round retreat and a desirable market for those seeking a home that caters to an active lifestyle. Roatán, Honduras Roatán is an attractive second home market that offers residents tranquil Caribbean living and a preeminent level of privacy. Vienna, Austria For those who appreciate architecture, the capital city of Vienna is graced with an inspiring baroque style. The rest of the country offers something for everyone from elegant city living, to country estates and vineyards, to mountain ski chalets. Athens, Greece Greece, along with the Greek islands, are emerging as an idyllic luxury real estate market in the Mediterranean. For a complete list of our global offices, please click... read more

Sotheby’s Elite Agent Network – Exclusive Service To Our Clientele

Teamwork, collaboration and group efforts – this is what makes the biggest difference in serving our clients from across the nation and around the globe. Having been invited to join the Sotheby’s International Realty Exceptional Agent Network (EAN), we’ve been given the tools needed to truly take our client’s needs to the next level. EAN is an outstanding group of professionals consisting of a network of top producing agents who are joined in trust and respect. The network allows agents to share best practices and leverage the connections we have within our own local marketplaces for our clients and partners. As Founders of the Issaquah office of Sotheby’s International Realty Affiliates our goal was to serve our local areas East of Seattle. In 2014, Christine was honored to be asked to join this globally recognized group of professionals, which we knew would further expand to our abilities of exceeding clients expectations. Our relationship with the association allows us to represent our clients needs and interests in markets around the world. We have also been able to solidify our connection with feeder markets to Puget Sound and our personal property listings. “Returning to Seattle from San Francisco where EAN began, I’ve had a two fold opportunity to get to know and work with the esteemed group,” Jay Kipp said about the network. The EAN has been a great way for our team to expand globally while utilizing the industry’s best practices. Our direct connections include the states and cities with the highest number of relocating professionals throughout the world. Among the list, the following connections are included: International Hubs –... read more

Market Reports for the First Half of 2017

The Kipp Team is pleased to present a most recent analysis of the housing market trends for the first half of 2017. These reports show what the market is doing in comparison to last year and how it may affect our buyers across the Puget Sound region. With low inventory and an influx of buyers moving to the region for jobs at tech companies, the market has become more competitive than ever. Our company is happy to report local statistics about the trends of the market in different neighborhoods across Puget Sound. At a glance, the statistics for our market vary by location. Our Eastside has seen noted growth and this continues into our summer market. Similarly, the Seattle market is robust. Eastside | Residential Average home prices on the Eastside have also had impressive increases. Notoriously anemic supply continues for communities on the Eastside, as inventory decreased to just 0.8 months with a spike in the average list price, up $300,000 from last year. Issaquah and Sammamish Issaquah and Sammamish continued to be desirable locations for buyers. With aquatic adventures aplenty, top-rated golf courses and premier public education, the area has it all. Combined, the two cities held a median selling price that was 21.8 percent higher year-over-year. Homes continued to sell in a week or less with a median price 2.4 percent higher than the listing price. Boasting a great community atmosphere with a close proximity to the Eastside tech corridor, Issaquah and Sammamish remain to be highly sought-after areas. In May, the Kipp Team sold the above Sammamish residence for $1,900,000. This is just one example of... read more

Statistics Show Sotheby’s International Realty Has Impressive Online Exposure

As Senior Agents with Sotheby’s International Realty (SIR) we pride ourselves on having outstanding global awareness. This awareness has led our properties to have more exposure across the world with more web traffic than competitors, certainly the most exposure possible. The statistics for the SIR website are in, and are nothing short of impressive. In the first quarter of 2017, the brand crushed it’s previous numbers in many categories, including web traffic and page views. With 7 million unique visits to the page and over 30 million total views, our SIR website has proven once again to be a leader in the industry. SIR.com is a unique platform because it attracts large numbers of viewers to our locally listed properties. Not only has the brand been successful in global marketing through the SIR homepage, we have found success on YouTube. The SIR Youtube page is the most subscribed-to real estate channel and recently celebrated 30 million page views. Our marketing and process provide a global reach that other companies simply cannot compare to. With more website views than before our SIR presentations reach far beyond our Puget Sound, to where our buyers are coming from. With 30 million YouTube views, 30 million visits to the SIR website and my 30 years of industry experience, I look forward to assisting you with your real estate needs. Please feel free to contact me with any questions you may... read more

Join Us June 18 For Our Loving Outdoor Living Home Tour

_______________________________ Visit  Sunday June 18th from 1 to 4pm and explore our curated collection of homes featuring beautiful outdoor living spaces. These homes bring the indoor outside in amazing way with patios, outdoor bars, firepits  & gorgeous landscaped terraces. From Issaquah to Bainbridge Island, these homes are wonderful  examples of our NW Living. _______________________________ Issaquah, WA      $1,150,000  By Appointment A classic 2 story colonial, the epitome of timeless elegance is enveloped by 1.5 ac of exquisite specimen plantings & cascading green lawns. Enjoy a unique outdoor experience; full size sport court, salmon stream, fire pit & play spaces. _______________________________ Bellevue, WA     $3,098,000 Modern city living at its finest as contemporary style and luxurious details meet a well-manicured lawn with walking paths and three decks enveloped in greenery with city views. This is a unique combination of all that we love! _______________________________  Seattle, WA      $1,785,000 The art of exceptional living resides in this George Suyama design featuring  private gardens, terraces and a water feature. These unique amenities  offer the perfect setting for unparalleled entertaining or private retreat living. _______________________________ Bainbridge Island, WA      $995,900 A free-spirited architectural treetop home with shimmering views of the Puget Sound, multiple entertainment decks and total privacy surrounded by acres of community space. Bainbridge Island offers a treasured outdoor lifestyle. _______________________________ Seattle, WA      $4,500,000 Magic begins in a private, gated community sited on 2.26 acres of spectacular Olmstead Brothers gardens overlooking Puget Sound and Olympic Mountain views. Rarely does such a gorgeous property frame such superb architecture. _______________________________ Seattle, WA      $3,495,000 The classic symmetry of a Georgian Colonial never goes out of style in this entertainer’s dream with 7 sets of French doors opening from... read more

Good News – Puget Sound Real Estate Is Not On These Lists

May 22, 2017 Highest and Lowest Risk U.S. Housing Markets as of Q1 2017 Market Health Indicator Flags Nine Markets As High Risk, Six in Florida Alone Puget Sound real estate is usually on a list of one sort or another.  Friendliest Cities, Best Place For Families, More Parks Per Capita, etc.  But, this is a list we’re glad not to be on.  Buying and selling real estate at either ends of the spectrum can be risky. We’re glad to see a somewhat more balanced market in our region compared to others outlined by Corelogic. Home prices have continued to rise, though for many markets, at a slower pace. Most markets are still healthy or have relatively low risk, according to the CoreLogic Market Health Indicator. However, nine of the top 100 metro markets – six in Florida alone – have been identified as high-risk markets. The CoreLogic Market Health Indicator evaluates whether individual markets have high, normal or low risk by analyzing several economic factors. First, it compares home prices, using the CoreLogic Home Price Index (HPI) against the long-run sustainable levels that can be supported by local market fundamentals, such as disposable income. Because most homeowners use their income to pay for home mortgages, there is an established long-term relationship between income levels and home prices. Second, it looks at the appreciation of home prices relative to rents. Renting is an obvious alternative to home ownership, and over the long run, market forces should equalize the cost and benefits of home ownership and renting. If home prices deviate too far from rents, then it is due for a... read more

Christine & Team Kipp Have More Friends In India With Global Real Estate Connections

Sotheby’s International Realty Expands Presence in India One of our greatest opportunities with the Sotheby’s Real Estate family of businesses is to connect with new friends and clients around the world. Now, we have even more opportunity as Sotheby’s International Realty Affiliates LLC today announced it has signed a 25-year exclusive franchise agreement with Realpro Realty Solutions Private Limited to further expand the Sotheby’s International Realty® brand presence throughout India with the opening of India Sotheby’s International Realty. The brand’s existing affiliate in India, North India Sotheby’s International Realty, which commenced operations in October 2014 in New Delhi, will work cooperatively with and also now do business as India Sotheby’s International Realty. India Sotheby’s International Realty is led by Chief Executive Officer Amit Goyal, President, Ashwin Chadha and Honorary Chairman, Amit Burman. With this expansion, India Sotheby’s International Realty will focus on the luxury residential real estate market in the key cities of Mumbai, Bengaluru, Chennai, Pune, Goa and Kolkata, while continuing to serve the New Delhi market. An office in Mumbai is planned to open in the second half of 2017. “The luxury real estate market in India is growing rapidly and it was the right time for our brand to expand its presence within the country,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Ashwin Chadha, Amit Goyal and their team have successfully introduced the Sotheby’s International Realty brand to North India over the past few years. Expansion into the rest of India was one of our core objectives for the year, and we are proud to have them at the... read more

The State Of The Puget Sound Market

  PACIFIC NORTHWEST The Boom’s Last Bastion Our acclaimed Research Editor and Publisher, William Hillis has assembled a year-over-year performance review of 25 markets and offered thoughts on where we are headed in 2017. While real estate microclimates will always change, one thing remains the same—we are here to support your real estate goals, whether your next address is around the corner or around the world Within the past two years, the inventory of housing for sale in Western Washington State has completed a large bell-shaped curve, returning to degrees of shortage not seen since the year 2005. 2016 MEDIAN PRICES BY COMMUNITY Make Your Move In this section, we describe some of the key draws for homebuyers and other features of each of these 25 areas, followed in each case by statistics from the 2016 home-buying year. 2016/2017 Real Estate Market Report  http://... read more

Sotheby’s International Realty Sets Record For Global Growth

Innovative Tech Tools & Professional Expertise Drive 54% Increase In Sales For Sotheby’s International Realty Brand. CNBC broke the news this morning that for 2016, the Sotheby’s International Realty Affiliates LLC affiliated brokers and sales professionals achieved approximately $95 billion in global sales volume, the highest annual sales volume performance in the history of the brand, driven largely by a brand record of over 127,000 transactions.  “During a year when the words “slowdown” and “slump” were used to describe the luxury housing market, 2016 turned out to be a banner year for Sotheby’s International Realty.” – CNBC                                                                                                     Innovative Technology The Sotheby’s International Realty brand was at the forefront of interactive technology in 2016 with the introduction of 3D Tours with Virtual Reality capability on sothebysrealty.com. Additionally, the site saw the most traffic in its history with nearly 22 million visits, a 54% increase year-over-year.   The brand also launched the first luxury real estate app for Apple TV, featuring professionally curated high-resolution photography and high-definition video giving consumers the opportunity to explore homes on a screen larger than ever before. An alliance with Juwai.com was launched in 2016 that gives the Sotheby’s International Realty network an edge to generate Chinese homebuyer interest on one of the world’s most prominent real estate websites with over two million monthly visitors. As a truly international brand,... read more

Sammamish Wins Money Magazine Award

Sammamish Wins Against Others Sammamish beat out Seattle, Bellevue and every other city in the evergreen state by being the only city in Washington on Money Magazine’s annual Top 50 “Best Places to Live” 2016 edition. I am positive every Sammamish resident is beaming with pride to be living in the 14th best city to live in the country! Our Award Winning Schools, both Issaquah District and Lake Washington District, are the basis for a highly desirable lifestyle.  Adding extraordinary natural beauty and one of the best commute’s available in the region, there is just nothing to compare.... read more

Buchan Homes Buys Large Farm On May Valley

Issaquah School Board authorizes sale of 80 acres of land on May Valley Road to Bellevue developer   The Issaquah School Board recently authorized the sale of 80 acres of land for $4.16 million to Bellevue developer William E. Buchan Inc. (http://www.buchanhomes.com/buchan/) The land, known as the Winterbrook Farm, is at 21207 SE May Valley Road, directly east of the Sunset Valley Farms development and across the road from the Squak Mountain trailhead parking area. It was purchased in 2006 for $3.33 million with the intent of building a future elementary and middle school as growth needs dictated. However, those plans were scuttled when King County made changes to its Growth Management Act. “Following a change of the interpretation of the Growth Management Actand actions taken by King County and Puget Sound Regional Council, the land has been deemed not appropriate to put schools on,” chief of finance and operations Jake Kuper explained to board members. Kuper did not return a message seeking details on how the “change of the interpretation of the Growth Management Act” applied to the Winterbrook Farm property. Superintendent Ron Thiele thought it was an important point the school district did the right thing in 2006 attempting to bank land for future school growth. “That was at a time when we were able to work with King County when we had property close to or adjacent the growth-management line, much like they worked with us with Cascade Middle School which is outside the growth-management line,” he said. “But there’s been a change of heart in King County. It became apparent to me there still needs... read more

Luxury Homes East Of Lake Sammamish

Luxury East Of Lake Sammamish It’s all about the lifestyle choices, whether around or on Lake Sammamish or on one of the Smaller Lakes, an Acreage Estate or  a View Promontory.  Luxury is defined by your lifestyle.     Exquisite East Lake Sammamish Estates Our local luxury starts with waterfront on Lake Sammamish. As the sixth largest lake in Washington it is designated a natural resource of statewide significance by the Shoreline Management Act. More than a million people in the region use it every year: fishing, swimming, boating, water skiing, or just enjoying the scenery.  The lake provides rearing and migratory habitat for many salmon species and a home for a variety of warm water fish, birds and other wildlife. A Street of Dreams Community The most expensive non-waterfront home to sell in 2016 todate was at Dodd Ranch, a Street of Dreams community. With only 7 original homes, Dodd Ranch is located off NE 8th in Sammamish.  Each home is a stunning tribute to the good life! In addition to Dodd Ranch, there are several other Street of Dreams locations in Issaquah, Redmond and Woodinville nearby. Horses, anyone! With all the natural beauty that is the Northwest, our region provides some exceptional opportunities for larger acreage estates. The Woodlands is a prized address. With water, acreage, and views our equestrian offerings are incomparable. Other equestrian focused properties are located in Rockmeadow Farm, Glen Home, Fall City and Carnation. There are ample stables, arenas, lessons and professional events. Giddy up, ya’all. Issaquah Highlands Grand Ridge This is home to the choicest residences with a modern aesthetic.  Saavy, smart, Grand Ridge at the Highlands is... read more

Fall 2016 Hottest Market Yet

Hottest Fall Housing Market in 10 Years On the heels of a summer home-buying season marked by record demand and sky-high prices, the residential real estate market is shaping up for its hottest fall in a decade, according to new monthly data on inventory and demand on realtor.com®. Homes for sale in September are moving 4 percent more quickly than last year as prices continue to hit new highs. The median age of listings on realtor.com®—an indication of market inventory—in September is expected to be 77 days, three days less than one year ago. That is five days more than last month, a change which reflects the housing market’s typical seasonal slowdown as summer ends and schools resume. Total inventory remains considerably lower than a year ago, with less than 450,000 new listings entering the market in September.   The median home was listed for $250,000, 9 percent more than a year ago and unchanged from last month. That continues this year’s record-setting trend and marks a new high for September. “House hunters who were shut out this summer because of fierce competition could fare better this fall, with more opportunities to buy and mortgage rates still near all-time lows,” says Jonathan Smoke, realtor.com® chief economist. “But don’t expect bargains—prices haven’t come down from this summer’s record highs. Overall, the fundamental trends we have been seeing all year remain solidly in place as we enter the traditionally slower sales season, and pent-up demand remains substantial as buyers seek to get a home under contract while rates remain so low.” Key Statistics: Median age of inventory in September is expected to... read more

SOTHEBY’S CHRISTINE KIPP – A JUWAII CONNECTION

As the Eastside’s top agent group, we are announcing our newest affiliation.  We know our local clientele enjoys a global lifestyle. With the Issaquah School District just about to mark the 50% mark of children with other ethnicities, we are excited to be the singular real estate group offering global relationships. Though our relationship with Sotheby’s International Realty, we are now able to present our listings on Juwai.com!  As an authentic international brand, Sotheby’s International Realty now has the most global representation through Juwai.com!  It displays luxury listings from 65 countries and territories. As the Pacific Northwest grows in demand from Chinese buyers it is very important to have our client’s homes properly positioned to reach this demographic.  Vancouver recently placed a 15% tax on foreign investment in their country. This helps to position the Seattle Region as the top destination for the Chinese real estate investor. Demand for luxury properties from Chinese consumers continues to grow. China is the second driver of visits to sothebysrealty.com. It follows the United States. One out of every 10 visitors on sothebysrealty.com is located in China. We are expanding our reach in China,  launching a syndication partnership with Juwai.com.  Juwai.com is one of China’s premier real estate portals with over 2 million monthly visitors. It has more indexed pages than all other portals combined on Baidu which is China’s largest search engine. This ensures greater visibility to Chinese consumers searching for homes worldwide. Juwai.com is hosted on both sides of China’s Internet Firewall, ensuring its property listings are visible online both in China and outside of China. The website listings are monitored by a support team that translates... read more

Sotheby’s International Realty® Brand Leads National Rankings for Individual Sales Volume Category in Real Trends/The Wall Street Journal Report

Sotheby’s International Realty Affiliates LLC recently announced that the Sotheby’s International Realty® brand was the No. 1 real estate company represented in two of the six categories that comprise the 2016REAL Trends/The Wall Street Journal “Top Thousand.” The annual report ranks America’s top 1,000 residential real estate agents and teams based on 2015 annual sales volume and transaction sides, and the top 50 agents and top 50 teams on average sales price—making it a ranking of the top 1,100 nationwide.

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Issaquah, Sammamish Make Top 10 Places To Live List

Issaquah and Sammamish are in the top 10 places to live in the state of Washington according to the website Niche.com. The website tracks places to live and ranks local K-12 schools and colleges. According to its comprehensive assessment of the overall livability of an area, Issaquah placed No. 7 while Sammamish was at No. 10. Newcastle just missed the top 10, coming in at No. 12. Each city’s grade takes into account several key factors of a location, including the quality of local schools, crime rates, housing trends, employment statistics and access to amenities. The ranking is based on data collected from the U.S. Census, FBI CDC and other sources. Redmond topped Niche.com’s list with Bellevue at No. 2. To view the complete list and the website’s methodology see Issaquah & Sammamish In Top 10 This article first appeared in the  Issaquah Press, 6.28.16.  See Original Article... read more