See how much prices are up YoY
With the stock market sell-off, are local buyers pulling back? It is too soon to tell, but we can see that some buyers are still pulling the trigger; here are the most expensive homes to go pending in the last two days:
Taking a step back – mortgage rates are a touch lower than 12 months ago, and the S&P500 is up 8% from 12 months ago. As for real estate prices, the median home price in Seattle in February was up 2.1% from a year ago to $950,000, while prices on the Eastside were up 7.12% to $1,755,000.
Noteworthy sales last week
- Highest % over asking: Shoreline home goes 28% over asking
- Most expensive: Clyde Hill traditional for $6.1M
- Least expensive: North Seattle condo for $240K
Links
- King County home prices slow in February, but some pockets surge (Seattle Times)
- Cost of constructing new homes in Washington in 2024 (Washington Center for Housing Studies)
- King County condo market soars as single-family sales sputter (PSBJ)
- Former NFL star lawyer Milloy lists Woodinville mansion for $7.8M (PSBJ)
New listings continue to pick up steam
Seattle: 309 new listings last week, up 6.5% w-o-w
Eastside: 232 new listings last week, up 14.8% w-o-w
Seattle buyers pull back, Eastside buyers, full steam ahead
Seattle: 210 pending last week, down 7.9% w-o-w
Eastside: 158 pending last week, up 10.5% w-o-w
Eye candy
$11.25M Capitol Hill Edwin Ivey Legacy Home
$2.65M Queen Anne midcentury modern by Ralph Anderson
Check out last week’s market update, Ballard home goes 10% over
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