There were 99 closed sales over $1M in 2016, the best year on record. In the top tier, we saw 12 sales over $2M including the highest sale since the Great Recession at $5.97M. Read more:
Sotheby’s International Realty® has recently released their 2016 sales report, including a substantial $95 billion in yearly global sales volume (USD). This figure represents the highest annual sales volume performance in the history of the brand. The news of this benchmark figure was reported by CNBC writer Phillip White who went on the say that “During a year when the words "slowdown" and "slump" were used to describe the luxury housing market, 2016 turned out to be a banner year for Sotheby's International Realty.”
Matterport Technology was founded in 2011 with the mission statement of establishing 3D models as a primary medium for experiencing the world around us and evolving the way we interact with physical spaces. Matterport has developed a 3d camera and process which gives users an end-to-end platform to render a physical space into a 3d model. After rendering, these 3d models can either be viewed utilizing VR technology or simply on a screen; both offer a unique prospective on a physical space.
Recently, drones have made huge waves in the news, real estate industry, and advancements in aerial photography and cinematography.
In 2016, the Federal Aviation Administration made it much easier for businesses to operate drones. The FAA announced operational rules that permit the flight of drones as long as they meet a set of requirements including weighing less than 55 pounds, adhering to existing registration requirements, and drone pilots must pass an unmanned aircraft operator test.
At the end of the year, Realogics Sotheby’s International Realty creates a list of the top 10 listing sales where a RSIR broker represented the seller.
I was fortunate enough to represent some fantastic clients in 2016, including the sellers of an amazing property on Bainbridge Island which sold for $5,970,000 and landed at the number 5 spot on the list...