Eastside weekly wrap-up: twas the week before Christmas and it’s predictably slow

When we’re ten days away from Christmas, we don’t expect too many surprises in weekly activity…and we didn’t get any! Sellers put only 60 new listings on the market last week and buyers put 72 homes under contract. Due to new listings jumping up last week, we should see more pending sales this week and then that will be just about it for the rest of the year. We’re at the time of year where sellers are focused on selling in 2024 and buyers are figuring out the right timing for them to buy next year as new listings hit the market. Let us know if you need help!

Speaking of help, we would love your help! Our weekly newsletters and stat pages are favorite activities of ours and more goes on behind the scenes to get them ready for you than you would think.  So as a regular reader, we’d love to see you support our end-of-year fundraiser for Mary’s Place. Mary’s Place is an organization that provides safe, inclusive shelter and services that support women, children, and families on their journey out of homelessness. A small amount goes a long way to make sure No Child Sleeps Outside. Urban Living will match all your donations. You can donate via Facebook, or if you’d prefer to donate directly, just forward me your receipt and we’ll match it. Last year we raised over $5,000!

Speaking of stat pages, we took the time to update our market stats for the Eastside now that we’re solidly in December. Median sales price for single-family homes on the Eastside rose 6% month-over-month in November to $1,567,500 (condos are up to $618,000). This is a product of low inventory despite the high interest rates. But sellers are open to negotiating as homes are mostly selling under list price! Mortgage rates are down to 7.04% by the way!

The only home to catch the eye this week was this $23M new build in Medina – check out the sky lounge! Don’t see that every day!