2018/2019 Market Update: Year End Review and Trends to Watch

April 05, 2019 in Market Trends, Real Estate Market

Another year has passed, as have many pivotal milestones for Realogics Sotheby’s International Realty (RSIR), our brand, and the local housing market that we serve. RSIR has analyzed the data and presented a report with a 2018 retrospective and look at Seattle’s performance on the S&P CoreLogic / Case-Shiller Home Price Index, a review of market activity in 8 key counties and 31 communities around Western Washington, and a Look Ahead at trends for 2019. Below I’ve compiled key insights for King and Snohomish counties, in addition to some of the most coveted Eastside enclaves, and what to watch as we continue through 2019. I offer these thoughts, as a conversation starter with you.

Realogics SIR Appoints 25 Year Real Estate Veteran Joe Galindo to Vice President of Operations

May 13, 2016 in Realogics SIR

Executives of Realogics Sotheby’s International Realty announced today the appointment of Joe Galindo as Vice President of Operations within the expanding global brokerage network. Galindo will provide direct management over the company’s Eastside branch offices in Kirkland and Issaquah, which comprise of 80+ brokers and employees, while also offering companywide operational support as the fast-growing firm expands throughout central Puget Sound.

“We are very fortunate to welcome Joe to our growing team of industry professionals,” said Dean Jones, President and CEO of RSIR. “As our company has expanded so has the need for his proven operational leadership.”

Offering more than 25 years in real estate experience, Galindo has earned the respect of the local real estate community having operated as a successful broker, a franchise owner and a branch manager. In addition to providing regional Eastside branch management from the flagship Kirkland offices, Galindo will also participate in a committee for strategic growth alongside Jennifer Johnsen, Vice President of Brand Development, who joined RSIR earlier this year.

“I’m excited to join Realogics Sotheby’s International Realty,” said Galindo. “For many years I have witnessed the evolution of RSIR locally and that of the Brand worldwide. Now I’m in a position to help resource this growth from within, applying my passions and my talents in building better brokers and attracting new talent to the team.”

Above: Joe Galindo is a 25 year veteran of the local real estate industry with experience as a broker, franchise owner and branch manager.

Consistently ranked by the Puget Sound Business Journal among the top ten largest real estate firms in Washington, RSIR has distinguished itself as a market leader in new construction project marketing and continues to grow its robust resale division generating among the highest average production on a per agent basis. According to Trendgraphix research, RSIR has surpassed its direct peer group with leading annual growth rates of unit sales and gross home sale dollar volumes, expanding 16-percent and 45-percent, respectively. The company is entrusted with many of Washington’s most valuable property listings but proudly serves all property types and price points.

“Together we are building the next generation real estate company,” added Galindo.

Sotheby’s International Realty Reports Gains in Key Performance Metrics for 2013 →

March 20, 2014 in Market Trends, SIR

As Realogics Sotheby’s International Realty has experienced growth this year with the opening of our new Kirkland Showroom, Sotheby’s International Realty Affiliates LLC is also reporting continued growth. In 2013, its U.S.-affiliated brokers and sales professionals handled 24% more transaction sides compared to 2012, a number nearly 3 times higher than the National Association of Realtors.® reported 9.2% gain. Sales volume also rose to 29%, a full 10% higher than the overall market numbers, according to the National Association of Realtors.

Sotheby’s International Realty network only promises continued global growth in 2014, with the opening Beijing Sotheby’s International Realty, which Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC says, “is slated for the first quarter of 2014.”

The Eastside Brokers Become "Connoisseurs of Wine" →

March 13, 2014 in RSIR Kirkland

On Thursday, March 13th a collective of brokers from Realogics Sotheby’s International Realty’s ”Connoisseurs of Life” Showroom gathered at the new branch office for an evening of wine education courtesy of the Maison DeLille Wine Bar. Guests sipped on four exclusive wines while enjoying a bite and one another’s company. The delicious Wine Tasting Menu ranged from an aromatic Doyenne 2012 Roussanne to a vintage DeLille Cellars 2011.

Realogics Sotheby’s International Realty To Open Flagship Branch Office In Downtown Kirkland; Expands Service Area To Eastside Marketplace

November 19, 2013

DOWNTOWN KIRKLAND (August 9, 2013) – Executives at Realogics Sotheby’s International Realty announced today a long-term lease commitment for a 3,875 sq. ft. retail storefront at 15 Lake Street in downtown Kirkland. Chad Shriner was appointed as the incoming Kirkland Branch Manager and will begin Eastside operations immediately ahead of design and construction of the new facility. Set to open fall 2013, the new retail branch will include an events venue featuring a wine tasting bar with retail wine sales, an art gallery and a residential and resort showroom in addition to collaborative workspaces for its local brokers.