We are excited to announce that Tranquility on Dogwood Bluff was recently featured on The Herald Business Journal as Snohomish County’s Most Expensive Home of 2014!

Doucet believes the reason the home sold for such a high price is due to the fantastic views of the Puget Sound and Olympic Mountains.

“The house itself is breathtaking. Then you go outside and you see the view. And the view is expensive. There is a sense of relaxation when you’re surrounded by this kind of view and this amount of greenery. It’s almost like you decompress when you’re surrounded by this wonder.”

The 2 acre property features a rooftop deck and fire pits allowing the new owners to sit back and enjoy the horizon. Selling for $2.93 million in August makes it the most expensive home sold last year in the county by any real estate agent affiliated with the NWMLS.

“We were pretty discriminating about who we showed it to,” says Doucet. “That’s pretty typical. Most people don’t want to have looky loos tromping through their $3 million property. We anticipated that it might be someone from Asia or Europe, but it was a local buyer.”

Although the home sat on the market for a year before selling, Doucet explained that is typical of luxury homes when the customer base is limited. The recession hit high-end homes much like it did other real estate, however, now that the market has turned around, luxury homes are selling well again.

Dean Jones, Owner of Realogics Sotheby’s International Realty, also provided insight into the trends that are motivating real estate sales in the region. Groups propelling the market include:

First-time home buyers and those selling their homes and buying up
The increasing Washington population (the state welcomed 85,000 new residents in 2014)
The high number of foreign buyers, mainly from China, looking at the Puget Sound region

These trends, among others, are driving the luxury real estate market at the moment and we are excited to see where they take us this year!