Realogic Sotheby’s International Realty was recently recognized by the Puget Sound Business Journal as the second fastest growing private company in Washington State for 2012, and is the Northwest’s premier full-service global real estate company. They have recently announced that they are creating a partnership with the San Diego based company Caimeiju, exclusively for Washington State. Caimeiju’s unparalleled access to Chinese homebuyers is going to “promote the Pacific Northwest to an increasingly global marketplace,” says Stacy Jones, Owner of Realogics Sotheby’s International Realty. Attracting these increasing numbers of home buyers is not going to be difficult considering the Seattle/Bellevue market place was deemed more affordable and to have higher capital appreciation than most other Pacific Rim markets. As the two companies join forces to target Asia for potential home buyers, the addition of direct flights out of SeaTac to and from Beijing and Shanghai will help support for their efforts.
Broker Jessica Xu says, “the fresh air, extensive fee-simple property ownership including a lot of waterfront, great schools and multicultural diversity” is all in high demand for the growing Chinese demographic. It is not only wealthy investors, but younger generations, and especially students being attracted to the Northwest for the combination of top ranked schools, healthcare, and scenery. While the younger buyers may not be buying million dollar homes now, they likely will be someday. All of those involved in the two companies as well as outsiders observing the progression say they only see this trend continuing to grow exponentially. The EB-5 visa program has attracted many of these foreign investors as well who support local development in return for their visa to the U.S. With this new partnership between Realogic Sotheby’s and Caimeiju’s they want to share the secret of the Northwest’s beautiful real estate with the motivated homebuyers abroad and continue the influx of international customers.