W Collection Portfolio | October 2023

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Windermere Real Estate has a long tradition of success and the W Collection program exemplifies this tradition in every detail. W Collection agents have mastered both the art and science of luxury property representation, delivering unparalleled levels of service and expertise to their clients. Each W Collection home is listed and marketed with skilled care and insight. Our signature brand, elegant marketing materials, international reach and dedication to perfection ensure that each W Collection property reaches the right buyers – both locally and globally. The combination of our vast international network and our strength as the Northwest’s luxury market leaders provides the ultimate platform to showcase truly outstanding properties to the most discerning buyers.

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BLAINE

SAN JUAN ISLANDS

AVAILABLE & SOLD

W COLLECTION PROPERTIES

STRAIT OF JUAN DE FUCA

AVAILABLE PROPERTIES

SOLD PROPERTIES

To view our entire collection of solds visit wbywindermere.com

WHIDBEY ISLAND

PUGET SOUND

EVERETT

LYNNWOOD

KIRKLAND BAINBRIDGE ISLAND SEATTLE

LAKE WASHINGTON

BELLEVUE

MERCER ISLAND

VASHON ISLAND

FOX ISLAND

TACOMA

SAMMAMISH

ISSAQUAH


REMARKABLE LISTINGS

HUNTS POINT | #2137083 | $70,000,000

BELLEVUE | #1911304 | $26,000,000

HUNTS POINT | #2156530 | $23,725,000

W C O L L E C T I O N   5


REMARKABLE LISTINGS

SEATTLE | #1979667 | $11,999,000

BELLEVUE | #2158709 | $10,500,000

KIRKLAND | #2129374 | $9,000,000

SAMMAMISH | #2049821 | $7,800,000

6  W C O L L E C T I O N

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SAMMAMISH | #2046309 | $10,450,000

BELLEVUE | #2127958 | $9,950,000

SAMMAMISH | #2067611 | $7,498,000

ISSAQUAH | #2067197 | $6,999,888

W C O L L E C T I O N   7


REMARKABLE LISTINGS

SEATTLE | #2073270 | $6,500,000

SEATTLE | #2126426 | $5,995,000

ANACORTES | #2047047 | $5,300,000

NORMANDY PARK | #2137000 | $5,100,000

8  W C O L L E C T I O N

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SEATTLE | #2158952 | $5,500,000

MERCER ISLAND | #2159581 | $5,499,988

WOODINVILLE | #2165081 | $4,595,000

KIRKLAND | #2166099 | $4,500,000

W C O L L E C T I O N   9


REMARKABLE LISTINGS

SEATTLE | #2136352 | $4,400,000

KIRKLAND | #2056174 | $4,398,000

FREELAND | #1982256 | $3,500,000

SEATTLE | #2154232 | $3,500,000

10  W C O L L E C T I O N

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SEATTLE | #2157021 | $3,995,000

SEATTLE | #2138015 | $3,780,000

OAK HARBOR | #2139800 | $3,388,000

REDMOND | #2153388 | $3,250,000

W C O L L E C T I O N   11


NOTABLE SALES 1

5

6

7


1. KIRKLAND Sold for $10,400,000

5.

MEDINA Sold for $10,750,0 0 0

2. SEATTLE Sold for $3,500,000

6.

SEATTLE Sold for $3,170,000

3. WOODINVILLE Sold for $4,825,000

7.

SEATTLE Sold for $3,300,000

4. KIRKLAND Sold for $10,500,000

8.

BAINBRIDGE ISLAND Sold for $4,350,000

2

3

4

8


NOTABLE SALES 9

13

14

15


9.. NORMANDY PARK Sold for $5,850,000

9.

6. SEATTLE Sold for $4,395,000

10. BELLEVUE Sold for $4,500,000

7. KIRKLAND Sold for $4,350,000

11. SEATTLE Sold for $3,350,000

8. SAMMAMISH Sold for $4,430,000

12. BAINBRIDGE ISLAND Sold for $4,250,000

10

SHORELINE Sold for $ 4,530,0 0 0

12

11

16


THE

Matthew Gardner CHIEF ECONOMIST Windermere Real Estate

Matthew Gardner has over 30 years of professional experience both in the U.S. and U.K. In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate economics.

16

GARDNER

FORECAST

As Windermere’s Chief Economist, Matthew Gardner analyzes and interprets economic data and its impact on the real estate market on both a local and national level. On the opposite page, Matthew provides a snapshot of his 2024 economic and housing forecast for the Puget Sound region. For more analysis from Matthew, please visit Windermere.com/Economics.


20 24 H O U S I N G M A R K E T F O R E C A S T GREATER SEATTLE

SINGLE-FAMILY HOME PRICE GROWTH During the pandemic, home prices skyrocketed largely thanks to historically low mortgage rates. Although rates started to rise in 2022, the market continued to experience price growth that was well above average, and that will still be the case in this year due to a supply-starved market.

However, far higher financing costs are going to remain for longer than initially thought and this, combined with persistent affordability constraints, will lead to a significant slowdown in price growth in 2024.

19.2% 10.4%

10.5%

10.3%

9.3% 3.4%

3.0% 2018

2019

2020

2021

2022

2 02 3

2 02 4

(Change in median sale prices for single-family resale homes in King, Pierce, and Snohomish counties)

SINGLE-FAMILY HOME SALES 20 18 16

50,996

20 19

51,716

20 20

53,439

20 21

59,744

20 22

44,968

20 23

34,038

20 24

40,214

(Single-family resale closed sales in King, Pierce, and Snohomish counties)

Low interest rates combined with pandemic-driven demand led home sales in 2021 to rise to a level not seen since 2005, but the market has since slowed significantly due to severe supply limitations. This hit the market hard in 2022 and I expect sales in 2023 to be even lower. The supply shortage is a function of the “lock-in” effect, as over 85% of mortgaged homeowners have rates below 5%. Homeowners are reluctant to sell and buy something new due to the financial shock that would come with losing their historically low mortgage rate for something in the 6% or 7% range. This will continue to impact home sales in the coming year, but I expect rates to start softening, which will result in a modest rise in transactions in 2024.

M O R T G A G E R A T E S ( A V G . 30- Y E A R C O N V E N T I O N A L F I X E D ) 20 18 16

4.5%

20 19

3.9%

20 20

3.1%

20 21

3%

20 22

5.4%

20 23

6.6%

20 24

6%

This year, mortgage rates briefly hit a level that had not been seen in over two decades and I expect the average rate in 2023 will be the highest seen since 2001. Rates on 10-year bonds, which are the basis for mortgage rates, are at 2007 levels. Given nervousness in the banking sector and significant new bond issuances going forward, mortgage rates will remain far higher than buyers have become used to. That said, Fed tightening is having the desired effect of slowing the U.S. economy. As inflation continues to pull back, bond yields should follow, which will allow mortgage rates to drop. Although I expect rates in 2024 to remain higher than buyers would like, they should fall to around 5.5% by the end of the year.

W C O L L E C T I O N   17


FEATURED AGENTS Experienced Windermere agents represent each W Collection property with a deep understanding of luxury home sales and marketing. Whether buying or selling, you can be confident your Windermere agent will tailor their skills to your unique needs, while showing the utmost care and consideration every step of the way.

Colleen McCann

Cori Whitaker

Craig Gaudry

Dana Hezel

Jack Malek

Jan Selvar

Janice Cai

Janine Duncan

Joseph Brazen

Julie Love

Julie Taylor

Julie Wilson

SEATTLE-MAGNOLIA 206.510.6596 colleenmccann@windermere.com

SEATTLE-GREENWOOD 206.498.2189 jmalek@windermere.com

BELLEVUE COMMONS 425.531.0109 josephbrazen@windermere.com

18  W C O L L E C T I O N

LYNNWOOD 206.795.4361 coriwhitaker@windermere.com

SEATTLE-EASTLAKE 206.200.3271 jan@janselvar.com

CAMANO ISLAND 425.530.0799 julielove@windermere.com

YARROW BAY 425.576.5555 craig@gaudry.com

BELLEVUE COMMONS 425.691.6998 janicecai@windermere.com

BELLEVUE WEST 425.260.6182 julietaylor@windermere.com

WHIDBEY ISLAND-FREELAND 360.632.1075 danahezel@windermere.com

SEATTLE-WALL STREET 206.852.8334 jd@janineduncan.com

BELLEVUE WEST 206.225.1500 julie.wilson@windermere.com

WbyWindermere.com/agent


Adam Cobb

Amy Sajer

Anna Riley

Carleen Gosney

David Eastern

Deirdre Doyle

Denise Niles

Holley Ring

Javila Creer

Jeri Smith

Jim Badgley

John Kritsonis

Junior Torres

Karishma Kiri

Katherine Vincent

Kathie Salvadalena

EDMONDS 206.854.9454 adamcobb@windermere.com

BELLEVUE WEST 425.941.1199 deastern@windermere.com

SEATTLE-LAKEVIEW 206.794.5284 javila@windermere.com

SEATTLE-GREENWOOD 206.854.5596 junior@windermere.com

SEATTLE-LAKEVIEW 206.550.8903 asajer@windermere.com

SEATTLE-LAKEVIEW 206.234.3386 deirdre@windermere.com

SEATTLE-SAND POINT 206.295.8785 jerismith@windermere.com

YARROW BAY 425.802.5465 karishma@thek2grouprealestate.com

YARROW BAY 425.761.8836 anna@westbellevue.com

YARROW BAY 425.301.1769 denise@westbellevue.com

YARROW BAY 425.466.1044 jim@badgleyhomes.com

KIRKLAND 206.910.2122 kvincent@windermere.com

BAINBRIDGE ISLAND 206.909.2042 carleen@windermere.com

SEATTLE-QUEEN ANNE 206.852.6107 hring@windermere.com

BELLEVUE SOUTH 206.498.0288 johnk@windermere.com

SNOHOMISH 425.350.0020 kathie.salvo@gmail.com

W C O L L E C T I O N   19


Kirk Lent

Laine McNerney

Linda Peffer

Louis Muniz

Natalie Evans

Randi Brazen

Rick Franz

Sara Miller

Shawna Ader

Sheri Putzke

Sue Rockwell

Susan Grosten

Ty Evans

Veronique Hval

Vesna Somers

Wendy Indvik

GIG HARBOR-PROF PARTNERS 253.905.1752 kirklent@windermere.com

BAINBRIDGE ISLAND 206.795.2818 natalieevans@windermere.com

SEATTLE-LAKEVIEW 206.251.2337 shawna@windermere.com

BAINBRIDGE ISLAND 206.795.0202 tyevans@windermere.com

20  W C O L L E C T I O N

ISSAQUAH 425.890.8307 lainem@windermere.com

BELLEVUE COMMONS 425.462.8000 randibrazen@windermere.com

YARROW BAY 425.749.6703 sheriputzke@windermere.com

SEATTLE-MADISON PARK 206.214.8499 veronique@belleresidence.com

BELLEVUE COMMONS 206.226.2823 lindapeffer@windermere.com

BELLEVUE SOUTH 206.999.9718 rickfranz@rickfranz.com

SEATTLE-LAKEVIEW 206.683.0303 suerock@windermere.com

BAINBRIDGE ISLAND 206.947.1597 vesna@windermere.com

WHIDBEY ISLAND-FREELAND 360.969.1028 louismuniz@windermere.com

ISSAQUAH 425.891.6488 saram@windermere.com

BAINBRIDGE ISLAND 206.755-8411 susangrosten@windermere.com

BAINBRIDGE ISLAND 206.276.1031 wendyindvik@windermere.com

WbyWindermere.com/agent


Anni Zilz

Julie Hall

Bridget Young

Ken Nash

Clive Egdes

Natalie English

Don Kenney

Sarah Sydor

Dustin Van Wyck

Susan Stasik

Ian Porter

Susan T. Jones

Joni Kimmel

Terry Vehrs

MERCER ISLAND 206.390.5723 annizilz@windermere.com

Max Rombakh

Michael Doyle

YARROW BAY 206.227.0737 maxr@windermere.com

SEATTLE-LAKEVIEW 206.669.0203 mdoyle@windermere.com

POULSBO 360.509.2260 bridgetyoung@windermere.com

KIRKLAND 206.251.1680 cliveegdes@msn.com

SEATTLE-BALLARD 206.910.0732 dkenney@windermere.com

Scott Richards

BELLEVUE 206.409.2498 scott@richardsrealty.com

Scott Whittlesey BELLEVUE WEST 425.269-1303 scott.w@windermere.com

SEATTLE-CAPITOL HILL 206.324.8900 dustin@windermere.com

SEATTLE-CAPITOL HILL 206.324.8900 ian@windermere.com

POULSBO 360.509.6988 jonikimmel@windermere.com

Taylor Brazen Tagge BELLEVUE COMMONS 425.765.7681 taylortagge@windermere.com

Theresa Truex

SEATTLE-LAKEVIEW 206.972.7768 ttruex@windermere.com

YARROW BAY 206.713.9228 juliehall@windermere.com

KIRKLAND-NORTHEAST 206.919.3167 kennash@windermere.com

SEATTLE-WEST SEATTLE 206.931.8416 natalieenglish@windermere.com

BAINBRIDGE ISLAND 206.683.4526 ssydor@windermere.com

SEATTLE-MADISON PARK 206.660-1012 susan@windermere.com

BELLEVUE WEST 425.922.9990 stjones@windermere.com

ALDERWOOD 425.778.1888 vehrs@windermere.com

Julia Krill

YARROW BAY 206.406.9000 jkrill@windermere.com

O U R VALUE S RADICAL INTEGRITY We believe trust and respect are the bedrock of every relationship. THOUGHTFUL PROFESSIONALISM We take a holistic approach to every aspect of our business. COURAGEOUS INGENUITY We dream big, lead creatively and evolve constantly. COLLECTIVE GENEROSITY We believe in acting beyond ourselves. We invest in people and their lives.

W C O L L E C T I O N   21


All W Collection homes are marketed via Luxury Portfolio International® (LPI), the luxury division of Leading Real Estate Companies of the World®, which is responsible for more U.S. home sales volume than any other real estate network, franchise or brokerage brand. LPI attracts a global audience and markets over 50,000 of the world’s most remarkable homes annually on luxuryportfolio.com.

LPI BROKER AGES HAD

$52 BILLION MORE IN HOME SALES

THAN OUR CLOSEST COMPETITOR Leading Real Estate Companies of the World® (Includes Windermere Sales)

$353B Keller Williams

$312B Coldwell Banker

$233B

Sotheby’s International Realty

$124B

Berkshire Hathaway Home Services

$120B

RE/MAX

$97B

Century 21

$32B

HomeSmart International

$30B

U.S. home sales data sourced from REAL Trends 500 for 2022, realtrends.com


WE MARKET YOUR PROPERTY TO THE WORLD Windermere’s W Collection properties are promoted to international buyers on websites such as LuxuryPortfolio.com, WallStreetJournal.com, JamesEdition.com, MansionGlobal.com, Juwai.com, Waijule.com and Financial Times. Through these sites we market your property to high-net-worth home buyers around the world.


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