See the home with 8 offers yesterday
Sure enough, the mortgage market had priced in the Fed’s rate cut last week so we didn’t see mortgage rates drop (this is a good explainer on why), instead they ticked up… But for most buyers, this will still be a great fall – we’re seeing lots of new listings, rates are in the low 6s, and sellers will soon be very negotiable on pricing if they aren’t already. Of course, some homes are still hot! Like this $899k West Seattle home that had 8 offers yesterday. Or this $1m Wallingford townhome that had 3 offers.
Don’t miss this great view condo we listed at Cristalla last week.
Links
- Volaris co-founder puts Capitol Hill mansion back o the market (PSBJ)
- Habitat for Humanity breaks ground on affordable condo project in Seattle (PSBJ)
- Seattle moves to comply with state law to allow more backyard cottages (PSBJ)
- A Seattle home for under $300K? Yes, but with some strings attached (Seattle Times)
Sellers are busy this fall!
Seattle: 380 new listings last week, up 0.5%% w-o-w
Eastside: 197 new listings last week, down 19.9%% w-o-w
Buyers are busy too, just not that busy
Seattle: 232 pending last week, up 8.9% w-o-w
Eastside: 172 pending last week, up 16.2% w-o-w
Eye candy
$2.5m Windermere midcentury modern by Roland Terry
$1.6m West Seattle contemporary
$1.3m Lake Forest Park midcentury modern by Gene Zema
Check out last week’s market update, Boeing CEO buys, Train singer is selling, great eye candy, and more!
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