How many homes had offer deadlines last week!?
I couldn’t believe that last week 42% of new listings in Seattle had offer review deadlines. Last year, we never had a week with a percentage that high (though a couple were close!) and it wasn’t until May that there was a week over 40%. With the home-buying season kicking off last week, now that March is here, and mid-winter break is behind us, it feels like this year is going to be hotter than last year…
Though some deals are out there! Friday we gave keys to our clients who bought a never-lived-in penthouse at Nexus. Last listed at $1,574,900 we got it down to $1,390,000 with a $25,000 credit.
Links
Here’s how much you need to earn to afford a Seattle-area home (Seattle Times)
New listings hit a new high
Seattle: 243 new listings last week, up 11% w-o-w
Eastside: 172 new listings last week, up 6.8% w-o-w
Mid-winter break hangover lingered
Seattle: 161 pending last week, down 7.5% w-o-w
Eastside: 123 pending last week, down 6.8% w-o-w
Hot new listings
$1.6m “Swiss Chalet style meets Seattle Craftsman”
Keeping reading
Check out last week’s market update, See the Bellevue home that sold for 49% over asking
