Rising Demand for Seattle's Luxury Homes

As Featured in Mansion Global

Written by David Koeppel

Image Courtesy of RSIR

In a recent article for Mansion Global, David Koeppel turned to Realogics Sotheby’s International Realty (RSIR) broker Carrie DeBuys, to provide insight on the “Rising Demand for Seattle’s Luxury Homes.”

The article describes that, “a metro-wide technology boom and a slew of wealthy foreign buyers are two strong factors driving the luxury market to the northwest,” as Seattle “experienced a 21% increase in tech workers between June 2014 and June 2015.” DeBuys noted that many foreign buyers in the Seattle area are coming from China, as she told Mansion Global that “interest in Seattle has increased as Canada’s housing market has been impacted by changes to their immigration policy.” She even described a “recent Chinese buyer who purchased a $1.9 million family home in the Medina section of Bellevue, without stepping foot on the property,” all for the benefit of his daughter who will attend a nearby school.