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Home / Weekly Market Commentary / Kraken player buys $5.8M Bellevue home

Kraken player buys $5.8M Bellevue home

By October 16, 2024

Weekly Market Commentary

We’re all starting to feel the end-of-season slow down, not just see it in the data.

Buyers are noticing the lack of new listings asking when they’ll see more – bad news we won’t see more than 300 new listings a week until April which is over five months away! Meanwhile, sellers are wondering where the buyers are – they’re out there, but waiting for lower rates or lower prices or something better looking.

We’re still plugging away though! Last week our listing at the Cristalla went pending, we listed a huge one-bedroom in the very boutique Capitol Hill building, the Crawford, and had buyers (finally) get their keys at the Avenue Residences.

P.S. Nexus is down to just 2 units left to sell and they’re great deals!

Links

New listings by week

Seattle: 258 new listings last week, down 1.5%% w-o-w
Eastside: 188 new listings last week, down 1% w-o-w

Homes going pending by week

Seattle: 194 pending last week, down 0.5% w-o-w
Eastside: 139 pending last week, down 11.5% w-o-w

Eye Candy

$8.8M Waterfront in Leschi (re-listed)

$3.5M Magnolia modern

Eye candy <$1M

$999K Magnolia turn-of-the-century farmhouse

Check out last week’s market update, Rates jump, eastside prices plummet

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I own and manage Urban Living, a boutique Seattle and Bellevue real estate brokerage. I love lofts, floating homes, new construction, and mid-century moderns, but I will help you buy or sell just about anything!

Get in touch to:

  • Understand the market
  • Find your perfect home
  • Sell your home

Contact:

206-203-6242