Q1 Eastside real estate statistics for the first quarter of 2019

Eastside Market Review

2019 Q1 OVERVIEW

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The spring home buying season started early this year. Open houses had increased attendance and bidding wars returned in March. Home prices in most of the

region are about even with March of 2018. The Eastside median closed sales price decreased 1% from March 2018 ($831,000) to March 2019 ($825,000). Months supply of inventory decreased from 1.8 in February 2019 to 1.2 in March 2019, it’s lowest in nine months. The number of Eastside sales increased 2% for the first quarter 2019 compared to 2018. The speed of the market (percentage of homes sold in two weeks or less, number of multiple offers) is slower than a year ago (arguably a good thing), although it is speeding up.

[ Cover photo: listing #1409741 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 Woodinville14725 NE 177th St

$695,0004 Bed / 2.25 Bath / 1,930 SQFTMLS #: 1429716 Lot Size: 9000 SQFT Year Built: 1979 Style: Tri-LevelViews: Territorial School District: Northshore

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Newport Shores17 Crescent Key

$5,498,8005 Bed / 3.75 Bath / 5,803 SQFTMLS #: 1411456 Lot Size: 0.43 acres Year Built: 2019 Style: 2 StoryViews: Territorial, Lake, CanalSchool District: Bellevue

Trossachs27134 SE 13th Street

$1,148,800 4 Bed / 4 Bath / 3,240 SQFTMLS #: 1427984Lot Size: 5542 SQFT Year Built: 2013 Style: 2 StoryViews: TerritorialSchool District: Issaquah

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.

2019 Q1

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

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Median Closed Sales Price > MARCH

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

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$495,000 $497,150 $470,000

$552,415$599,950

$632,554

$739,440

$870,000$926,000 $950,000

0% -5% +18% +9% +5% +17% +18% +6% +3%

2018 2019 10 year average

0.7

1.41.6

2018 2019 10 year average

557 537 551

West Lake Sammamish2208 W Lake Sammamish Pkwy NE

$2,450,0004 Bed / 4.5 Bath / 5,660 SQFTMLS #: 1419179 Lot Size: 9259 SQFT Year Built: 2003 Style: Multi LevelViews: Territorial, Mountain, Lake School District: Bellevue

Bellevue / East of I-405

Bellevue15206 NE 8th St E10

$525,0003 Bed / 1.75 Bath / 1,177 SQFTMLS #: 1434100 Year Built: 1973 Style: CondoViews: none School District: Bellevue

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West Lake Sammamish4007 177th Ave SE

$1,298,000 4 Bed / 2.25 Bath / 3,036 SQFTMLS #: 1433349Lot Size: 5000 SQFT Year Built: 1974 Style: 1 Story with BasementViews: Territorial, Mountain, LakeSchool District: Issaquah

2019 Q1

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Median Closed Sales Price > MARCH

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

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$478,500 $475,000$409,400

$523,500 $506,000$554,500

$745,000

$830,000

$921,500 $927,000

-1% -14% +28% -3% +10% +34% +11% +11% +1%

2018 2019 10 year average

0.40.8

1.0

2018 2019 10 year average

34

65

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.

Bellevue / West of I-405

Meydenbauer10101 SE 3rd St 104

$665,000 2 Bed / 1.75 Bath / 1,260 SQFTMLS #: 1430152Year Built: 1978 Style: CondoViews: None School District: Bellevue

Yarrow Point9218 NE 38th St

$2,998,0005 Bed / 4.75 Bath / 4,336 SQFT MLS #: 1426441Lot Size: 6003 SQFT Year Built: 2018 Style: 2 Stories with BasementViews: Territorial, CitySchool District: Bellevue

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Medina2237 Evergreen Point Rd

$9,250,0005 Bed / 4.25 Bath / 5,485 SQFTMLS #: 1409741 Lot Size: 0.78 acres Year Built: 2000Style: 2 Stories with BasementViews: Territorial, Mountain, Lake, City School District: Bellevue

2019 Q1

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Median Closed Sales Price > MARCH

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

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$706,500

$940,000$1,025,000

$1,262,500 $1,221,000

$1,782,500 $1,799,975

$2,198,000

$2,505,000 $2,586,183

+33% +9% +23% -3% +46% +1% +22% +14% +3%

2018 2019 10 year average

1.72.0

2.4

2018 2019 10 year average

27 29 32

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

Bellevue5247 145th Place SE

$1,975,0005 Bed / 4.5 Bath / 4,730 SQFT MLS #: 1418449 Lot Size: 0.94 acres Year Built: 2000 Style: 2 Stories with BasementViews: None School District: Bellevue

Downtown Issaquah760 5th Ave NW #4

$699,9003 Bed / 3.25 Bath / 1,774 SQFT MLS #: 1418765 Lot Size: 1098 SQFT Year Built: 2019 Style: Townhouse Views: Territorial School District: Issaquah

Kennydale 1222 N 42nd Place

$1,175,0003 Bed / 2.5 Bath / 2,650 SQFT MLS #: 1420080 Lot Size: 3834 SQFT Year Built: 2011 Style: 2 StoryViews: Territorial School District: Renton

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2019 Q1

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Median Closed Sales Price > MARCH

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

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$565,000$515,000

$562,500 $560,000$599,975

$723,000 $736,500

$930,000

$1,000,000

$890,312

-9% +9% 0% +7% +21% +2% +26% +8% -11%

2018 2019 10 year average

0.6

1.4

2018 2019 10 year average

67 70 72

1.5

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

Aldarra2072 298th Crescent SE

$1,950,0004 Bed / 3.25 Bath / 4,810 SQFTMLS #: 1422105 Lot Size: 2.99 acresYear Built: 2014 Style: 2 StoryViews: Territorial, Mountain School District: Snoqualmie Valley

Trossachs 1926 263rd Ct SE

$1,050,0004 Bed / 4.25 Bath / 3,210 SQFT MLS #: 1433640 Lot Size: 6493 SQFT Year Built: 2005 Style: 2 StoryViews: None School District: Issaquah

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Preston31017 SE 85th Place

$650,0002 Bed / 2.0 Bath / 1,515 SQFTMLS #: 1431371 Lot Size: 0.28 acres Year Built: 1909 Style: 2 StoryViews: Territorial, River, PartialSchool District: Issaquah

2019 Q1

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Median Closed Sales Price > MARCH

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

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$488,000 $509,990$479,900

$525,000$577,216 $592,587

$712,500

$850,633$899,000 $905,000

+5% -6% +9% +10% +3% +20% +19% +6% +1%

2018 2019 10 year average

0.5

1.31.5

2018 2019 10 year average

171

125145

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

Highlands11506 NE 94th St 3

$2,319,9505 Bed / 4.25 Bath / 4,070 SQFT MLS #: 1416260 Lot Size: 8960 SQFT Year Built: 2019 Style: 2 StoryViews: NoneSchool District: Lake Washington

North Rose Hill10902 Slater Ave NE 8-27

$650,0002 Bed / 2.5 Bath / 1,462 SQFTMLS #: 1422253 Year Built: 2005 Style: TownhouseViews: Territorial School District: Lake Washington

Rose Hill 13120 NE 112th St

$1,499,9505 Bed / 3.5 Bath / 3,002 SQFTMLS #: 1415290 Lot Size: 7200 SQFT Year Built: 2019 Style: 2 StoryViews: NoneSchool District: Lake Washington

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2019 Q1

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Median Closed Sales Price > MARCH

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

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$557,000 $546,000$465,000

$649,500$600,000

$749,000

$891,450

$1,050,000

$1,376,000$1,451,000

-2% -15% +49% -14% +25% +19% +18% +31% +5%

2018 2019 10 year average

0.7

1.51.7

2018 2019 10 year average

43 4253

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

South End8454 SE 63rd St

$1,425,0004 Bed / 2.25 Bath / 2,390 SQFT MLS #: 1433771Lot Size: 0.27 acres Year Built: 1963 Style: 1 StoryViews: TerritorialSchool District: Mercer Island

North End9980 SE 38th St

$4,350,0005 Bed / 5 Bath / 4,840 SQFT MLS #: 1389234Lot Size: 0.31 acres Year Built: 2018 Style: 2 StoryViews: Lake, MountainSchool District: Mercer Island

North End3020 90th Place SE

$2,450,0005 Bed / 4.5 Bath / 4,480 SQFT MLS #: 1408512 Lot Size: 9631 SQFT Year Built: 2006 Style: 2 Stories with BasementViews: Lake, Partial School District: Mercer Island

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2019 Q1

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Median Closed Sales Price > MARCH

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

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$800,000$710,000

$819,000$869,000

$1,110,000 $1,100,000

$1,590,000

$1,725,000

$1,573,724 $1,587,500

-11% +15% +6% +28% -1% +45% +8% -9% +1%

2018 2019 10 year average

1.3

3.5

2.3

2018 2019 10 year average

28 24 24

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

Avondale9716 178th Place NE 203

$474,9002 Bed / 1.75 Bath / 1,019 SQFTMLS #: 1426776 Lot Size: n/a Year Built: 1977 Style: CondoViews: Territorial School District: Lake Washington

Hunters Glen21648 NE 67th St

$1,250,0004 Bed / 2.5 Bath / 3,250 SQFT MLS #: 1402935 Lot Size: 1.45 acres Year Built: 1988 Style: 2 StoryViews: TerritorialSchool District: Lake Washington

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Blakely Woods1345 289th Ave NE

$1,760,0004 Bed / 4.25 Bath / 5,010 SQFTMLS #: 1433865 Lot Size: 3.78 acresYear Built: 2008 Style: 2 StoryViews: Territorial School District: Snoqualmie Valley

2019 Q1

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Median Closed Sales Price > MARCH

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

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$480,000$415,500

$460,000

$549,975$589,000 $590,000

$652,500

$815,000 $794,564

$870,000

-13% +11% +20% +7% 0% +11% +25% -3% +9%

2018 2019 10 year average

0.6

1.31.6

2018 2019 10 year average

42 4350

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

Spring Lake17532 190th Ave SE

$1,185,0004 Bed / 2.75 Bath / 3,421 SQFTMLS #: 1409801 Lot Size: 1.56 acres Year Built: 2019 Style: 2 StoryViews: Territorial School District: Tahoma

Renton3424 NE 7th Place

$430,0003 Bed / 1.75 Bath / 1,460 SQFTMLS #: 1417647 Lot Size: 7547 SQFT Year Built: 1952 Style: 1 StoryViews: Territorial School District: Renton

Maplewood6007 NE 1st St

$699,9004 Bed / 2.5 Bath / 2,621 SQFTMLS #: 1415378 Lot Size: 6000 SQFT Year Built: 2003 Style: 2 StoryViews: Nonn School District: Renton

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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

2019 Q1

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Median Closed Sales Price > MARCH

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

$322,437

$268,975 $282,500

$407,000 $412,500 $426,475

$502,500 $491,500

$548,500

$593,750

-17% +5% +44% +1% +3% +18% -2% +12% +8%

2018 2019 10 year average

0.7

1.51.3

2018 2019 10 year average

56 5969

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

Tuscany12450 203rd Ave NE

$1,939,0004 Bed / 4.25 Bath / 6,930 SQFTMLS #: 1417374 Lot Size: 0.83 acres Year Built: 1996 Style: 2 Stories with BasementViews: TerritorialSchool District: Lake Washington

Finn Hill14340 93rd Ave NE

$950,0005 Bed / 3 Bath / 2,730 SQFTMLS #: 1426179 Lot Size: 7920 SQFT Year Built: 1979Style: Split EntryViews: Territorial, Mountain School District: Lake Washington

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Cottage Lake19330 NE 172nd St

$549,9503 Bed / 1 Bath / 1,350 SQFTMLS #: 1391422 Lot Size: 10044 SQFT Year Built: 1970 Style: 1 StoryViews: None School District: Northshore

2019 Q1

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Median Closed Sales Price > MARCH

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

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

$400,625 $425,000$376,000

$425,000

$514,995 $494,250

$590,000

$692,475

$800,000 $814,037

+6% -12% +13% +21% -4% +19% +17% +16% +2%

2018 2019 10 year average

0.7

1.31.5

2018 2019 10 year average

145 139124

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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25%

19%

10%

10%

8%

8%

6%

7%

6%

6%

4%

5%

REPRESENTING SELLERS

REPRESENTING BUYERS

3%

4%3%

2%

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

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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.

WO

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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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