Jan. 26, 2010

No Monopoly in Greater Seattle's Real Estate Market

For those that might think there's a monopoly by a few brokerages or agents in the real estate market, take a look at the top 10 Greater Seattle residential sales for 2009 listed on the NWMLS. (Top salesof single family Seattle homes here- one condo added for this list).

I count 18 different brokerages involved in these top 10 transactions. If there is a monopoly, it's certainly not at the top of the luxury home market. Notonly are the offices spread widely,but there are many independent/non-national brands represented across the spectrum.

City Price Listing Office Name Selling Office Name
Seattle $5,300,000 Windermere Madison Windermere Wallingford
Clyde Hill $5,399,900 John L. Scott Bellevue RE/MAX Connected
Bellevue $5,460,000 Windermere Kirkland Wallace Properties, Inc.
Mercer Island $5,950,000 Windermere Bellevue Ewing & Clark Mercer Isl.
Medina $6,095,000 John L. Scott Mercer Isl. John L. Scott Mercer Isl.
Bainbridge Island $6,275,000 Coldwell Banker McKenzie Windermere Bainbridge
Seattle (condo) $9,750,000 ek Real Estate Group Prudential NW
Seattle $10,600,000 Madison House, Ltd. Gerrard Beattie & Knapp
Seattle $11,500,000 Windermere Wallingford Windermere Wall St
Mercer Island $15,560,000 Ewing & Clark, Inc. Coldwell Banker Bain

Also interesting, is the spread of agents.There are19 different agents/teams involved. Larry was the only agent listed twice, for selling his own Medina listing (congrats Larry!) If there was a monopoly, this is where it would exist--at the top of the luxury market, where clearly the most successful agents and companies strive to position themselves.

Listing Agent Name Selling Agent Name
Mary P Snyder M. Patrick Chinn
Stephen D MacDonald Sam DeBord and Brian Wiegand
Dave Rodland Susan Naficy
Tere G Foster Kris B Robbs
Larry Williams Larry Williams
Georg Syvertsen Jan R Johnson
Edward S Krigsman Tracy E Harris
Kitty K Hughes Spafford Robbins
Bob Bennion Holley Ring
Betsy Q Terry Linda H Tsang

What's the take-away from all of this information?A pretty yard sign does not sell a home, no matter which company logo is pasted on it. Even the highest-end of luxury home buyers aren't worried about the company you're listed with. If you prepare a home well, market it well, and make it available to buyers, it will sell.

Buyers and Sellers should work with a motivated, experienced agent who putsyour best interests first and makesyou feel at ease. You'll work better together, and most likely sell your home more quickly when you're both on the same page. You have a lot of choices. Choose someone you'll enjoy working with.

Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, RealtorGreen Certified Pros


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(Information not compiled or published by the NWMLS)

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