Our Company History
John L. Scott was founded in 1931 in the heart of downtown Seattle. From the beginning, we have been committed to raising the bar on ethics and standards in real estate. While we are the oldest local company in the Northwest, we’ve maintained our position as an industry leader by embracing innovations in technology, anticipating industry trends, and keeping a pioneering start-up mentality.
The John L. Scott Foundation was founded in 1997 in honor of John L. Scott, a philanthropist and community activist who believed in the value of giving back. The John L. Scott Foundation is supported by the generous donations and volunteer efforts of our sales associates and employees. These voluntary contributions enable the John L. Scott Foundation to help sponsor events that help raise millions of dollars for children’s hospitals throughout the Pacific Northwest. Our mission is to help kids stay healthy and at home.
Extreme Focus on Each New Listing
Snohomish County: The housing market is white-hot this winter in Snohomish County. It’s the “same song, different year” for the local market: overall Sales Activity Intensity™ at extreme frenzy for each new listing, virtually sold out of inventory and what feels like multiple-offer everything for buyers. This demand is fueled in part by interest rates, which remain historically low. Homes priced up to $1 million are virtually sold out in Snohomish County, and Sales Activity Intensity™ is at extreme frenzy. 96 percent of sales activity occurs in this range. The luxury market is seeing surge sales activity in the $1 to $2 million range, which is also virtually sold out.
Eastside: The housing market is white-hot this winter on the Eastside. It’s the “same song, different year” for the local market: overall Sales Activity Intensity™ at extreme frenzy for each new listing, virtually sold out of inventory and what feels like multiple-offer everything for buyers. This demand is fueled in part by interest rates, which remain historically low. We are virtually sold out with extreme frenzy sales activity intensity up to $3 million; 98 percent of sales take place in this range. The luxury market on the Eastside is also hot, with Sales Activity Intensity™ at frenzy and extreme frenzy in the $1-3 million range. Sales activity is selective in the $3-5 million price range, and strong above $5 million.
Seattle: As we entered 2021, the local Seattle housing market hit the lowest point of the year in regards to homes for sale. Looking forward, there will be more listings on the way this year as the weather begins to warm in spring. The $350,000 to $1.5 million range is virtually sold out and had Sales Activity Intensity™ that ranged from surge to extreme frenzy. 90 percent of sales take place in this range. Luxury buyer activity is selective for homes priced $1.5 million and above in Seattle.