Seattle Region is Now #4 Most Visited Market in U.S. by Chinese Homebuyers Online; Luxury Home Sales Rise

Executives of Realogics Sotheby’s International Realty (“RSIR”) are pleased to announce the exclusive sponsorship of Juwai.com’s leaderboard advertising platform reaching thousands of prospective buyers each day. The partnership is timed with the Lunar New Year celebration that brings hundreds of inbound Chinese to the Seattle metro area and coincides with other initiatives by RSIR including the recent release of Seattle Luxury Living magazine, an all-Mandarin publication that highlights the Pacific Northwest lifestyle and showcases RSIR’sAsia Services Group and property listings.

“We invest in platforms that optimize the global exposure for our brokers and our valued clients,” said Dean Jones, President and CEO of RSIR. “There’s no doubt that Asian homebuyers, particularly from China, continue to be a material component of our local real estate market. Our Asia Services Group is uniquely qualified to assist foreign buyers as they are specialized in the language, culture and logistics necessary. We view Juwai.com as a strategic portal to showcase our Asia Services Group and all the properties that RSIR represents.”

Jones says he believes Chinese homebuyers comprise a third to half of the Eastside luxury home sales, depending on the neighborhood and price point. That fact seems to align with consumer behavior, according to Juwai.com representatives. The online real estate search website confirms the Seattle region is now the fourth most visited market for Chinese homebuyers.

“Juwai.com is thrilled to partner with Realogics Sotheby’s International Realty in the Seattle metro area,” said Robert Purdy, Vice President of Sales for North America. “We’ve admired their Asia Services Group for some time and we are confident that our customers will enjoy an extraordinary experience working with RSIR’s brokers in the US. The Seattle region has been a rising star for several years with the famous movie “Beijing Meets Seattle” and later with the high-profile visit by Chinese President Xi Jinping.”

Purdy will host several hundred of RSIR’s listings online, each translated in Mandarin. The portal will also prominently feature RSIR as a preferred service provider to Chinese nationals visiting the Seattle area page and RSIR will have opportunities to post relevant blog content, videos such as their East Meets West documentary, and a digital version of the Seattle Luxury Living magazine to name a few other opportunities.

Juwai.com is where Chinese find international property. Juwai, which means “home overseas,” is visited by thousands of Chinese buyers each day from over 315 cities throughout China, as well as major Chinese communities in Taiwan, Hong Kong, Malaysia and Singapore. Juwai introduced the first global platform to engage Chinese buyers in 2011 and pioneered global property Mandarin Mapping, international real estate data information in Chinese, and advanced property search in China.

The site is the largest and most authoritative source for global property in Chinese, with over 2.4 million property listings spanning 58 countries, with over 12,000 current news stories, country buying guides, education and emigration articles, along with the largest Chinese social media community focused on international property. Juwai’s international operations are located in Hong Kong (Special Administrative Region of the People’s Republic of China), whilst the China operations are run from Shanghai and Guangzhou (People’s Republic of China).

View an in-depth look at the Chinese American Real Estate Report for 2015 >>

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