No Monopoly in Seattle Real Estate

For those that might think there's a monopoly by a few brokerages or agents in the Seattle real estate market, take a look at the top 10 residential sales for 2009. 

I count 17 different brokerages and 19 different agents/teams involved in these top 10 transactions.  If there is a monopoly, it's certainly not at the top of the luxury home market.

Listing Office Name    Selling Office Name
Windermere Madison    Windermere Wallingford
John L. Scott Bellevue   RE/MAX Connected
Windermere Kirkland Wallace Properties, Inc.
Windermere Bellevue Ewing & Clark Mercer Isl.
John L. Scott M.I.  John L. Scott Mercer Isl.
Coldwell Bnkr McKenzie Windermere Bainbridge
ek Real Estate Group Prudential NW
Madison House, Ltd.   Gerrard Beattie & Knapp
Windermere Wallingford  Windermere Wall St
Ewing & Clark, Inc. Coldwell Banker Bain


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

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January 26 2010 - Wallingford
We think we've answered this question for you!
 
 

Replies (11)

Here are city/prices of those sales, too.  I've added a condo that wasn't on the original SFR list:

City       Price
Seattle      $5,300,000
Clyde Hill   $5,399,900
Bellevue     $5,460,000
Mercer Island $5,950,000
Medina  $6,095,000
Bainbridge Island    $6,275,000
Seattle  $9,750,000 (condo)
Seattle   $10,600,000
Seattle  $11,500,000
Mercer Island      $15,560,000
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January 26 2010
Very interesting, and more than a little bit surprising.
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January 29 2010

I know a really great RE Broker in that area if anyone is interested!

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January 29 2010
Spencer,  I'm not sure what you find surprising.
Sam, congratulations on the sale.  How are defining Seattle?  Zillow's Greater Seattle?  NWMLS Seattle? 
Phyllis, we just received 19 referrals from Sam;
  are there any more great RE Brokers in Seattle?
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January 31 2010
Hi John, thanks.  Funny response to the referral post - that's been happening for a long time since an old Zillow dispute.

The "Greater Seattle" I'm talking about is merely the cities within about 15 minutes of downtown Seattle (Seattle, Shoreline, Redmond, Bellevue, Kirkland, and townships within).   I've seen other lists that only include the city of Seattle and some with all of King County.  I picked my favorite grouping :) -- clearly tooting my own horn.

I think most people's surprise would be that despite the mental image of one brokerage's signs being ubiquitous, the market is very diversified.
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January 31 2010
Yeh, I'd like to hear what Spence's surprise is.
That high end property sells in Seattle?
That Wendy Lister or Moira Holly sell it all?
Oh, you mean the W?
I've had the CIPS designation for 2 years now and I have to admit that the R does pretty well for itself around the world.
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January 31 2010
Hi guys,

I was surprised because there is more diversity among agents and brokerages in the list than I expected. In my neighborhood (Madison Park), it seems like Kathryn Hinds and Mary Snyder do all the business. But that's obviously a matter of perception not reality. It also seems like Windermere has nearly 100% market share in my area. That too apparently is perception not reality.
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February 01 2010

Here are your Madison Park stats for the last 12 months.
I've tried to be specific with brokerage ownership.
I'll leave it to you to slice and dice:

 

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February 01 2010
Well, I couldn't paste a small excel spreadsheet, so I'll email it to you.
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February 01 2010






 
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February 01 2010
Great spreadsheet, John.  I was surprised when I put my numbers together, and surprised again to see yours.  Spencer is right, the W signs are all I see in certain areas.  They're clearly selling a good percentage of homes, but not nearly the number you'd imagine.
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February 01 2010
 
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No Monopoly in Seattle Real Estate
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