Seattle weekly wrap-up: $6m waterfront home sells for $7.7m!
250 new listings this past week in Seattle (up 21% w-o-w) with 192 going pending (up 4% w-o-w) mean that inventory is now up for a fourth week in a row. This is good for buyers who have been mostly frustrated this year with too few homes for sale resulting in bidding wars and volatile rates. This isn’t great for sellers, but it will take a lot more inventory to cool this market, so sellers, now is the time to get your home listed for sale! What about mortgage rates? They ended the week at 6.55%.
How unpredictable is this market? Did you see this $6m waterfront home had 7 offers and closed for $7.7m in just a week? WOW.
The don’t-miss-homes this weekend are on Bainbridge Island! Starting with an incredible $5m modern home and this $4.2m NW contemporary waterfront. Back in Seattle don’t miss this midcentury $1.9m Ingle-Cleland House and on the Eastside, this Ralph Anderson.
