Q4 Eastside real estate statistics for the fourth quarter of 2018

Eastside Market Review

2018 Q4 OVERVIEW

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A cool-down in prices and a surge in inventory spelled out good news for buyers in the last quarter of 2018. The number of single-family homes and condos on

the market in December tripled as compared to a year ago on the Eastside. With an abundance of choices for buyers, homes here took longer to sell. However, well-priced homes still sold within weeks rather than days, which was the case earlier in the year. While the Eastside is still far short of the four to six months that are considered a balanced market, we are moving closer in that direction. As winter months traditionally bring slower sales and lower prices, we’ll be able to determine a more solid trend when the peak real estate season comes this spring.

[ Cover photo: listing #1253760 on page 8 ]

• Eastside (Areas 500-600) ..........................................................................4• Bellevue:

• Bellevue / East of I-405 ......................................................................6• Bellevue / West of I-405 .....................................................................8• Eastside / South of I-90 .................................................................... 10

• East of Lake Sammamish / Issaquah .................................................... 12• Kirkland / Bridle Trails .................................................................................14• Mercer Island ................................................................................................. 16 • Redmond / Carnation ................................................................................. 18• Renton Highlands ....................................................................................... 20• Woodinville / Juanita / Duvall ................................................................. 22• Market Share .................................................................................................24• Why Windermere .................................................................................25–27• Local Expertise, Global Connections .................................................. 28

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Eastside (Areas 500-600)

Downtown Issaquah205 Newport Wy NW C1

$650,0003 Bed / 2.5 Bath / 1,540 SQFTMLS #: 1374149 Lot Size: 3.08 acres Year Built: 1999 Style: TownhouseViews: None School District: Issaquah

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West Bellevue26 Crescent Key

$2,895,0005 Bed / 3.5 Bath / 4,180 SQFTMLS #: 1397821 Lot Size: 0.46 acres Year Built: 1969 Style: 1 Story with BasementViews: Territorial, Lake, CanalSchool District: Bellevue

Snoqualmie Ridge7517 Snowberry Ave SE

$1,100,000 4 Bed / 3.5 Bath / 4,220 SQFTMLS #: 1375753Lot Size: 8004 SQFT Year Built: 2005 Style: Tri-LevelViews: Golf Course, Mountain, TerritorialSchool District: Snoqualmie Valley

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

2018 Q4

All figures are based on single family home sales, which include townhomes and exclude condos.

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Median Closed Sales Price > DECEMBER

Closed Sales > DECEMBERMonths Supply of Inventory > DECEMBERless than 3 months = seller’s market3 -6 months = balanced marketmore than 6 months = buyer’s market

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$520,000 $530,000$460,000

$510,468$550,000

$639,350$675,000

$803,500

$938,240$908,762

+2% -13% 11% +8% +16% +6% +19% +17% -3%

2017 2018 10 year average

0.9

2.7 2.7

2017 2018 10 year average

602

492560

South Lake Sammamish4417 186th Ave SE

$2,098,9905 Bed / 4.0 Bath / 4,146 SQFTMLS #: 1362836 Lot Size: 0.29 acres Year Built: 2018 Style: 2 StoryViews: Territorial School District: Issaquah

Bellevue / East of I-405

West Lake Sammamish17508 NE 40th Place

$635,0002 Bed / 1.75 Bath / 1,660 SQFTMLS #: 1376326 Year Built: 1975 Style: Condo 1-level UnitViews: Lake, Territorial School District: Lake Washington

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Microsoft16941 NE 19th Place

$754,990 4 Bed / 2.25 Bath / 1,900 SQFTMLS #: 1379277Lot Size: 8426 SQFT Year Built: 1963 Style: Tri-LevelViews: NoneSchool District: Bellevue

2018 Q4

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Median Closed Sales Price > DECEMBER

Closed Sales > DECEMBERMonths Supply of Inventory > DECEMBERless than 3 months = seller’s market3 -6 months = balanced marketmore than 6 months = buyer’s market

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$450,000 $437,500 $450,000$480,000

$510,000

$581,250$625,000

$734,000

$872,000$839,000

-3% +3% +7% +6% +14% +8% +17% +19% -4%

2017 2018 10 year average

0.6

2.11.9

2017 2018 10 year average

38 36

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Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

All figures are based on single family home sales, which include townhomes and exclude condos.

Bellevue / West of I-405

Bellevue10000 Main St 404

$930,000 1 Bed / 1.5 Bath / 894 SQFTMLS #: 1310274Year Built: 2010 Style: Condo/TownhouseViews: None School District: Bellevue

Enatai3008 113th Ave SE

$2,098,0005 Bed / 3.25 Bath / 3,629 SQFT MLS #: 1253760Lot Size: 0.34 acres Year Built: 2016 Style: Tri-LevelViews: TerritorialSchool District: Bellevue

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West Bellevue9501 NE 1st St

$4,295,0004 Bed / 4.0 Bath / 5,720 SQFTMLS #: 1399154 Lot Size: 0.28 acres Year Built: 2010Style: Multi LevelViews: Mountain, Lake School District: Bellevue

2018 Q4

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Median Closed Sales Price > DECEMBER

Closed Sales > DECEMBERMonths Supply of Inventory > DECEMBERless than 3 months = seller’s market3 -6 months = balanced marketmore than 6 months = buyer’s market

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$675,000

$890,000$805,000

$1,035,000

$1,300,000$1,413,593

$1,656,500

$2,125,000

$2,575,000

$2,800,000

+32% -10% +29% +26% +9% +17% +28% +21% +9%

2017 2018 10 year average

1.6

4.4

3.9

2017 2018 10 year average

3324 28

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

All figures are based on single family home sales, which include townhomes and exclude condos.

Eastside / South of I-90

Newcastle6437 Ripley Lane SE

$3,650,0004 Bed / 5.25 Bath / 6,840 SQFT MLS #: 1363737 Lot Size: 0.26 acres Year Built: 2003 Style: 2 Stories with BasementViews: Lake, Mountain, Territorial School District: Renton

Lake Boren7549 129th Place SE C-103

$599,0003 Bed / 2.5 Bath / 1,391 SQFT MLS #: 1388840 Lot Size: 4.77 acres Year Built: 2012 Style: Townhouse Views: Jetty, Golf Course School District: Issaquah

Talus 2511 NW Alpine Crest Wy

$1,028,0004 Bed / 3.25 Bath / 2,690 SQFT MLS #: 1387881 Lot Size: 2926 SQFT Year Built: 2012 Style: 2 Stories with BasementViews: Territorial, Mountain School District: Issaquah

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2018 Q4

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Median Closed Sales Price > DECEMBER

Closed Sales > DECEMBERMonths Supply of Inventory > DECEMBERless than 3 months = seller’s market3 -6 months = balanced marketmore than 6 months = buyer’s market

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$574,500 $560,000$512,500

$593,975$552,500

$710,900 $730,000$795,000

$1,020,000

$938,500

-3% -8% +16% -7% +29% +3% +9% +28% -8%

2017 2018 10 year average

0.8

2.3

2017 2018 10 year average

83

53

682.5

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

All figures are based on single family home sales, which include townhomes and exclude condos.

East of Lake Sammamish / Issaquah

Plateau23725 SE 24th St

$1,689,0004 Bed / 2.75 Bath / 4,700 SQFTMLS #: 1345624 Lot Size: 1.14 acresYear Built: 1999 Style: 2 StoryViews: Territorial School District: Issaquah

Trossachs 920 274th Wy SE Sammamish

$1,000,0004 Bed / 3.5 Bath / 3,200 SQFT MLS #: 1391158 Lot Size: 5000 SQFT Year Built: 2002 Style: 2 StoryViews: None School District: Issaquah

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Snoqualmie Ridge35315 SE Aspen Lane 1001

$525,0003 Bed / 2.5 Bath / 1,480 SQFTMLS #: 1396248 Lot Size: 3.63 acres Year Built: 2003 Style: TownhouseViews: Territorial, MountainSchool District: Snoqualmie Valley

2018 Q4

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Median Closed Sales Price > DECEMBER

Closed Sales > DECEMBERMonths Supply of Inventory > DECEMBERless than 3 months = seller’s market3 -6 months = balanced marketmore than 6 months = buyer’s market

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$532,500$491,450

$448,500$488,695

$535,265

$632,000 $649,000

$840,000$873,500

$840,000

-8% -9% +9% +10% +18% +3% +29% +4% -4%

2017 2018 10 year average

0.8

2.42.6

2017 2018 10 year average

180158 154

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

All figures are based on single family home sales, which include townhomes and exclude condos.

Kirkland / Bridle Trails

Houghton10113 NE 63rd St

$3,148,8004 Bed / 4.5 Bath / 4,183 SQFT MLS #: 1357819 Lot Size: 3629 SQFT Year Built: 2018 Style: 2 Stories with BasementViews: City, Lake, Mountain, TerritorialSchool District: Lake Washington

North Rose Hill11210 Slater Ave NE 104

$589,0003 Bed / 2.25 Bath / 1,329 SQFTMLS #: 1393448 Year Built: 1997 Style: TownhouseViews: Territorial School District: Lake Washington

Forbes Creek11621 112th Ave NE

$1,300,0004 Bed / 3.25 Bath / 3,183 SQFTMLS #: 1396813 Lot Size: 6864 SQFT Year Built: 2019 Style: 2 StoryViews: NoneSchool District: Lake Washington

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2018 Q4

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Median Closed Sales Price > DECEMBER

Closed Sales > DECEMBERMonths Supply of Inventory > DECEMBERless than 3 months = seller’s market3 -6 months = balanced marketmore than 6 months = buyer’s market

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$575,000 $600,000$550,000

$650,000$714,500 $722,500

$830,000

$992,500

$1,268,888

$1,400,000

+4% -8% +18% +10% +1% +15% +20% +28% +10%

2017 2018 10 year average

1.0

4.1

2.7

2017 2018 10 year average

45

28

51

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

All figures are based on single family home sales, which include townhomes and exclude condos.

Mercer Island

East Seattle2451 62nd Ave SE

$1,199,0003 Bed / 1.75 Bath / 1,800 SQFT MLS #: 1376525Lot Size: 9000 SQFT Year Built: 1955 Style: 1 Story with BasementViews: NoneSchool District: Mercer Island

East Mercer6430 E Mercer Wy

$6,980,0004 Bed / 3.75 Bath / 5,577 SQFT MLS #: 1364728Lot Size: 0.59 acres Year Built: 2006 Style: 2 StoryViews: Lake, Mountain, TerritorialSchool District: Mercer Island

North End8414 SE 37th St

$2,787,0005 Bed / 4.25 Bath / 4,370 SQFT MLS #: 1392574 Lot Size: 0.33 acres Year Built: 2016 Style: 2 StoryViews: None School District: Mercer Island

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2018 Q4

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Median Closed Sales Price > DECEMBER

Closed Sales > DECEMBERMonths Supply of Inventory > DECEMBERless than 3 months = seller’s market3 -6 months = balanced marketmore than 6 months = buyer’s market

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$785,000$876,000

$995,000$893,500 $950,000

$1,151,250 $1,125,000

$1,349,500

$1,625,000

$2,308,000

+12% +14% -10% +6% +21% -2% +20% +20% +42%

2017 2018 10 year average

1.6

3.94.3

2017 2018 10 year average

33

18 22

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

All figures are based on single family home sales, which include townhomes and exclude condos.

Redmond / Carnation

Ames Lake3510 279th Ave NE

$500,0003 Bed / 2.0 Bath / 1,630 SQFTMLS #: 1376876 Lot Size: 0.31 acres Year Built: 1977 Style: Split EntryViews: None School District: Snoqualmie Valley

Union Hill23711 NE 64th Place

$850,0003 Bed / 2.75 Bath / 2,488 SQFT MLS #: 1391794 Lot Size: 1.08 acres Year Built: 1982 Style: 2 StoryViews: TerritorialSchool District: Lake Washington

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Union Hill7707 260th Ave NE

$3,699,9905 Bed / 4.5 Bath / 6,419 SQFTMLS #: 1367486 Lot Size: 5.75 acresYear Built: 2018 Style: 2 StoryViews: Territorial School District: Lake Washington

2018 Q4

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Median Closed Sales Price > DECEMBER

Closed Sales > DECEMBERMonths Supply of Inventory > DECEMBERless than 3 months = seller’s market3 -6 months = balanced marketmore than 6 months = buyer’s market

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$460,000$520,000 $520,000 $534,029

$563,950

$695,500

$607,500

$798,930 $797,500$849,950

+13% 0% +3% +6% +23% -13% +32% 0% +7%

2017 2018 10 year average

0.9

2.52.9

2017 2018 10 year average

5043

60

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

All figures are based on single family home sales, which include townhomes and exclude condos.

Renton Highlands

Coal Creek5562 NE 17th St

$998,0004 Bed / 2.75 Bath / 3,830 SQFTMLS #: 1395304 Lot Size: 7740 SQFT Year Built: 2007 Style: 2 StoryViews: Territorial School District: Issaquah

Briarwood14612 182nd Ave SE

$459,9504 Bed / 1.75 Bath / 2,040 SQFTMLS #: 1397432 Lot Size: 0.33 acres Year Built: 1962 Style: 1 Story with BasementViews: Territorial School District: Issaquah

Highlands5406 NE 6th Ct

$749,9504 Bed / 2.5 Bath / 2,633 SQFTMLS #: 1395637 Lot Size: 4367 SQFT Year Built: 2008 Style: 2 StoryViews: Territorial School District: Issaquah

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2018 Q4

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Median Closed Sales Price > DECEMBER

Closed Sales > DECEMBERMonths Supply of Inventory > DECEMBERless than 3 months = seller’s market3 -6 months = balanced marketmore than 6 months = buyer’s market

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$359,000

$309,000

$253,750$290,000

$395,985$429,950

$452,500$474,750

$557,000 $567,500

-14% -18% +14% +37% +9% +5% +5% +17% +2%

2017 2018 10 year average

1.0

2.4 2.3

2017 2018 10 year average

70

46

64

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

All figures are based on single family home sales, which include townhomes and exclude condos.

Woodinville / Juanita / Duvall

Hollywood Hill15409 NE 153rd St

$2,195,0004 Bed / 4.0 Bath / 5,311 SQFTMLS #: 1386586 Lot Size: 2.0 acres Year Built: 1989 Style: 2 StoryViews: NoneSchool District: Northshore

Cottage Lake15230 Mink Rd NE

$950,0003 Bed / 2.5 Bath / 3,110 SQFTMLS #: 1396628 Lot Size: 1.59 acres Year Built: 2017Style: 2 StoryViews: Territorial School District: Northshore

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Duvall26625 NE Comegys St

$519,5003 Bed / 2.25 Bath / 1,500 SQFTMLS #: 1387016 Lot Size: 9656 SQFT Year Built: 1989 Style: Tri-LevelViews: Territorial School District: Riverview

2018 Q4

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Median Closed Sales Price > DECEMBER

Closed Sales > DECEMBERMonths Supply of Inventory > DECEMBERless than 3 months = seller’s market3 -6 months = balanced marketmore than 6 months = buyer’s market

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$416,725 $435,000

$339,950

$424,952$474,000 $473,000

$548,500

$661,000

$785,000$817,500

+4% -22% +25% +12% 0% +16% +21% +19% +4%

2017 2018 10 year average

0.9

2.7 2.7

2017 2018 10 year average

140 132 128

Graphs were created by Windermere Real Estate using NWMLS data, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences sold.

All figures are based on single family home sales, which include townhomes and exclude condos.

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EASTSIDE: Areas 500–600

By Transactions

2018 Market ShareBellevue, Bothell, Duvall, Issaquah, Kenmore, Kirkland, Mercer Island, Newcastle, North Bend, Redmond, Sammamish, Snoqualmie, Woodinville, and surrounding neighborhoods.

KEY Windermere Real Estate

John L. Scott

Coldwell Banker

RE/MAX

Keller Williams

Redfin Corp

Compass Washington

Sotheby's International Realty

All other companies with less than 2% market share in buyers or sellers or both

Graphs were created by Windermere using NWMLS data and TrendGraphix, but information was not verified or published by NWMLS. Data reflects all new and resale single-family residences and condominiums sold from 1/1/2018–12/31/2018 in areas 500, 510, 520, 530, 540, 550, 560, 600.

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REPRESENTING SELLERS

REPRESENTING BUYERS

25%

19%

10%

8%6%6%4%

4%3%

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8%

7%6%5%3%

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Why Windermere

The Sign in Your Yard Matters

A recent study shows that NWMLS brokers in King County are more confident working with Windermere brokers than any other brand.

Percent of respondents indicating they were completely confident or confident in doing a transaction.

The study was conducted by a third party in 2015 and included brokers who closed six or more transactions in the previous year.

Windermere

Coldwell Banker

John L. Scott

RE/MAX

Sotheby’s International Realty

Keller Williams

Lake & Company

Berkshire Hathaway

Gerrard Beattie & Knapp

Redfin

The Cascade Team

The Force Real Estate

RSVP Real Estate

10% 20% 30% 40% 50% 60% 70% 80% 90%

81%

71%

16%

9%

9%

9%

64%

54%

48%

45%

43%

34%

27%

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Acres of DiamondsProvides women and children transitional housing and support programs to rebuild lives from domestic abuse and/or substance abuse.

Assistance League of the EastsideOperation School Bell provides new Back-To-School clothing for disadvantaged students on the Eastside.

Attain HousingTransitioning homeless families with children into stable, permanent housing.

Backpack MealsProvides weekend’s worth of food to low income students in the Bellevue School District.

Bellevue Lifespring Provides meals to children on free and reduced cost lunch programs when school is not in session.

Boys & Girls Club of BellevueFunds going to Project Learn — serving kids from 3 East Bellevue low-income housing developments.

Eastside AcademyPays for food expenses for homeless and poverty-level students while they attend this alternative school.

Eastside Baby CornerDistributes basic need items for infants and children.

Escape to PeaceCreates awareness of sex trafficking of Eastside minors and helps fund a healing center.

Friends of YouthFunds emergency response and shelter, then long-term placement to children experiencing trauma or abuse in east King County.

HopelinkSupports the Pantry Pack Program which provides lunches to poverty-level children.

Imagine HousingTargets under 18-year-olds in their Support Services Program that provides affordable housing and life skill case management in East King County.

Issaquah Community ServicesProvides emergency aid in the form of utility payments to low-income families.

Issaquah Food BankHelps maintain a refrigerated box truck utilized as a mobile food bank to remote Eastside communities that have difficulty accessing food bank services.

KinderingProvides parent coaching at transitional housing sites.

LifeWire Provides emergency housing and support services for those fleeing abusive home situations.

Mamma’s HandsThe House of Hope program supports three shelters for homeless women and children in crisis.

Pantry PacksSupports Lake Washington Schools Foundation’s program that provides weekend, child-friendly food packs to children of qualified low-income families.

Royal Family Kids CampProvides summer camp experiences for abused foster children.

TreehouseSupports the Little Wishes Program which allows foster care youth to participate in extracurricular arts, athletic and other educational experiences.

Village TheatreSupports outreach to the youth of low-income families so they can have access to theater and arts education, regardless of their ability to pay.

Youth Eastside ServicesSupports YES Lifeline, which provides free mental health counseling and substance abuse treatment.

The Windermere Foundation benefits local nonprofits in our neighborhoods. Together we can give homeless and low-income children in our communities an opportunity for a brighter future. Below are the nonprofits that received Eastside Windermere Foundation funds in 2017.

A Brighter Future Because of You!

2018 Donation Grantees List Eastside Windermere Foundation

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Buyer-targeted advertising Through a partnership with Adwerx, I will promote your home to local buyers on high-traffic websites such as Facebook, CNN, ESPN and USA Today, reaching 7000+ local buyers each week.

Overseas buyer reach Windermere’s partnership with Waijule.com lets me promote your property online to Chinese buyers, an important segment of our international market, in their language and behind China’s internet firewall. In King County alone over 400 brokers interface with their Chinese clients through the Waijule platform.

Broker-to-broker e-marketing My office will promote your listing to the top buyer’s agents in your area via our Windermere This Week email. With high open and click-through rates, these campaigns generate lots of interest and action.

Social media sharing Once listed, your home will be featured on my office’s Facebook page and other social media platforms. This makes it easy for you to share posts with your friends and family (according to the National Association of Realtors®, one in 12 buyers learned of the property they bought from the seller, a friend, relative or neighbor).

Targeting buyers for your home

DIGITAL STRATEGY

Windermere This Week

Whether reaching overseas buyers or local agents, I’m committed to promoting your home using digital platforms that go beyond the usual real estate websites.

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Social media

When selling your home, you need worldwide exposure in addition to the strong marketing expertise we deliver locally. As an affiliate of the Leading Real Estate Companies of the World® global network, we have the resources to market your property to the highest possible number of potential buyers. With 130,000 talented associates around the world, we expose your property to buyers on six continents and 65 countries and receive referrals to international buyers looking to buy in our area. This powerful network makes over 100 client introductions a day all over the globe, and just had a 50 percent annual increase in cross-border transactions, resulting in $368 billion in sales for 2016.

Leading Real Estate Companies of the World® is ranked as having the number one market share in 44 percent of the top 121 U.S. markets. Each year our network is collectively responsible for over one million transactions on a global basis. When your home is listed on Windermere.com, it is immediately promoted on the LeadingRE.com website and the websites of over 550 of our affiliated real estate firms around the world.

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Local Expertise, Global Connections

Powerful MarketingLeading Real Estate Companies of the World® is a pedigree denoting the very best companies who represent qualified clientele and wish to do business with similar firms.

65 COUNTRIES 565 FIRMS

4,100 OFFICES 130,000 ASSOCIATES

1.1 MILLION TRANSACTIONS $368 BILLION IN SALES

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