See the Bellevue home that sold for 49% over asking
It is bonkers that this Bellevue home closed for 49% over its asking price. It is an extreme example, but consider that so far in February in King County 34% of homes sold for more than asking, 32% sold for their asking price, and 33% sold for less.
Last week was a little wonky because it was mid-winter break for many schools but with mid-winter break behind us, look for the real estate season to get started in earnest – March, April, and May are the busiest months of the year.
Links
- Lower home values, high property taxes is the reality for many in King County (Seattle Times)
- Luxury condos eyed for newly acquired Queen Anne property (PSBJ)
- New and modern co-op community in the Central District (Frolic)
- Father of the frappuccino puts Kirkland home up for sale (PSBJ)
Seattle sellers hit pause, but not Eastsiders
Seattle: 219 new listings last week, down 6% w-o-w
Eastside: 161 new listings last week, up 14% w-o-w
Buyers take a breather for mid-winter break
Seattle: 174 pending last week, down 16% w-o-w
Eastside: 132 pending last week, down 1.5% w-o-w
Hot new listings
Nearly new $17.5m Medina home (last sold last year!)
Keeping reading
Check out last week’s market update, What long weekend? Look at all these hot listings!
