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business5h ago
Washington Sees A Surge In Multimillion-dollar Listings Post-income Tax Proposal
- Eastern Washington luxury real estate shows heightened listings as a proposed tax targets high earners.
- Experts warn the data is early and caution is needed in assessing market impact.
- The trend spans well-known luxury hubs like Roslyn, Cle Elum, Suncadia, Lake Chelan and Manson.
- Wealthy buyers are increasingly viewing Eastern Washington as a primary residence option.
- The legislative question remains whether the 'Millionaire’s Tax' will be enacted or blocked by courts or voters.
- Eastern Washington markets remain attractive for their scenery and recreational access despite tax concerns.
- Many deals are tied to the broader shift in where the wealthy choose to reside in Washington.
- High-end markets have historically drawn Seattle tech employers, fueling demand in Eastern Washington.
- Real estate players expect continued activity as luxury buyers weigh residency choices amid tax talks.
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