Top Producer Team to Further Establish Market Share on Mercer Island and Greater Seattle Area
BELLEVUE, Wash., May 5, 2020 — Executives of Realogics Sotheby’s International Realty (RSIR) announced today that Tammy Gwinn and Lindsey Bundy of Gwinn / Bundy Group were both appointed to Senior Global Real Estate Advisors at the new Bellevue branch office. RSIR, the fast-growing regional real estate firm, is thrilled to bring on this team with their reach and deep ties to the Mercer Island Community.
The choice to bring on the team was a great move on many fronts. “We are elated to be working alongside the Gwinn / Bundy Group,” said Stacy Jones, Vice President & Chief People Officer of RSIR. “I’ve admired their growth and success for years, and now we’ve officially aligned our brands to further our collective market share on Mercer Island and well beyond.
“Like Jones, Gwinn has been a longtime resident on Mercer Island, and each remains active members of the community. The Mercer Island submarket has been highly popular for in-bound executives given its renowned school district, an abundance of waterfront properties, and proximity to job centers on both sides of Lake Washington. The LINK Light Rail station on Mercer Island will further add desirability and convenience by 2023 when residents will connect to the $54 billion Sound Transit 3 regional expansion.
Gwinn / Bundy Group notes that 25% of homeowners on Mercer Island are aged 60 years or better, and many will desire to downsize in the coming years. “We are thrilled to leverage the team’s Seniors Real Estate Specialist® (SRES) designation with an outstanding regional reputation for serving our senior population and their families,” adds Jones. “This consumer base deserves and requires special skills and care, and the Gwinn / Bundy Group is a trusted solution provider.”
“We know the marketing prowess and global reach of Realogics Sotheby’s International Realty – the corporate resources are truly matchless in the industry,” said Bundy. “We will better serve our clients, expand our service area across the region, and engage referrals throughout the US and internationally.”
Gwinn / Bundy Group has timed its move to address the anticipated demand for relocation services amidst the substantial growth of local companies, including Amazon, Google, Microsoft, and T-Mobile, which recently merged with Sprint. The strength of tech employment in the region, coupled with redevelopment opportunities for aging properties on Mercer Island and new multi-family projects, have both RSIR and Gwinn / Bundy Group well-aligned in their vision forward. RSIR is currently advising on several for-sale condominium projects in the pipeline.
“We see an understated but exciting evolution in our town center on Mercer Island. Downsize empty-nesters and retirees looking to divest from larger single-family homes and acquire a right size lifestyle with equity to explore a second home elsewhere and travel with a lock-and-leave lifestyle,” said Bundy. “At the same time, we have demand with first-time buyers and young families that seek Mercer Island’s amenities and school district but may not be able to afford the cost a single-family residence.
“To be sure, the median home price of Mercer Island for the first quarter of 2020 was $1,445,000 (according to data from the Northwest Multiple Listing Service), consistently rendering the submarket among the highest-priced in Puget Sound.
With a business driven primarily by referrals, Gwinn / Bundy Group serves clients in Mercer Island and across Seattle and the Eastside. In 2019 they sold 7 homes in West Seattle, 3 Downtown Seattle condominiums and residences spanning Mercer Island, Issaquah and the Greater Eastside.
In addition to serving their local market, the Gwinn / Bundy Team networks with more than 22,700 agents representing nearly 46,000 exclusive listings in 1,000 real estate offices across 70 countries and territories around the world. In 2019, the Sotheby’s International Realty® network reported a record $114 billion in global sales volume, $102 billion of which was achieved within the US. The brand’s exclusive website, saw another record year with more than 34 million visits, a 14 percent increase year-over-year.
“We have no doubt that the Gwinn / Bundy Group will take full advantage of our many exclusive marketing platforms and robust referral network,” adds Jones. “We will partner with them to broaden their service area, whether that next home is around the corner or around the globe.”
About Realogics Sotheby’s International Realty – Realogics Sotheby’s International Realty (RSIR) is a leading global sales and marketing brokerage firm in the Pacific Northwest. The boutique real estate firm of 300+ active brokers service branches in downtown Seattle, Bainbridge Island, Kirkland, Madison Park, and downtown Bellevue. RSIR is also a leading project marketing specialist currently representing and advising on more than $1.5 billion in new condominium developments planned throughout the Puget Sound region.
About Gwinn / Bundy Group – Tammy Gwinn and Lindsey Bundy passionately serve their clients to help navigate the course when housing needs change and selling or buying becomes part of the solution. The duo is credited with more than $75 million active, pending, and sold real estate in recent years, earning high praise from their clients and referrals.