See the Montlake house that sold for 33% over
When I toured 1804 E Hamlin St, I knew there’d be a bidding war, but even I was surprised when it sold for $2.65m last week after being listed at $2m. Wow!
The high end of the market was also hot. Last week this $6m Kirkland house went pending in a day, that amazing $6m Denny Blaine modern that didn’t sell last year went pending in 12, and a $5.25m Laurelhurst waterfront fixer up went pending in a week.
Heads up! This week will be slow for real estate as we have a long weekend coming up and then it is mid-winter break for Seattle and Bellevue public schools.
P.S. Our next home buying class is March 5th
LINKS
What caught our eye
- North Seattle house scores 15 offers
- Seattle property taxes among top 5 most expensive in big U.S. cities
- We updated our list of new condo buildings
- Belltown is getting a 14-story modular condo building
NEW LISTINGS BY WEEK
Lots of new listings
Seattle: 228 new listings last week, up 15% w-o-w
Eastside: 139 new listings last week, up 3% w-o-w
HOMES GOING PENDING BY WEEK
Seattle buyers hit the gas
Seattle: 201 pending last week, up 11% w-o-w
Eastside: 114 pending last week, up 3.6% w-o-w
OUR TAKE
Buyers be patient; but good time for sellers
Buyers: buyers should be patient. Lots of new listings are coming in March. No need to get caught up in a bidding war right now…
Sellers: our recommendation is to list sooner rather than later to take of low competition from other sellers and seemingly many eager buyers.
HOT NEW LISTINGS
$4.65m Bellevue home designed by Gene Zema
$3.7m nearly new home on Mercer Island
$2m Seth M Fulcher designed home (already pending!)
KEEP READING
Check out last week’s market update, See the Kirkland house that had 43 offers.
