Seattle weekly wrap-up: just 200 new listings
The summer slowdown is hitting new listings hard! Just 200 new listings hit the market last week and this week will be even slower. Meanwhile, buyers have maintained a remarkably steady level of putting homes under contract as we saw another 189 homes go pending. I would have guessed rates hitting 7.5% would have slowed buyers more than it has.
Even with the summer slowdown, we’ve been busy – we helped a neighbor quietly sell their floating home for nearly $5m off-market, marked our $2m Magnolia midcentury pending, and are now prepping seven listings that will hit the market after Labor Day. We also got a sneak peek inside First Light (70% pending, completion late 2024, views better than expected, and finishes looking good!) and heard Mari Bellevue is now offering a limited-time $10k or $20k credit to incent new buyers (25% pending, $579k starting price).
While we are in the middle of the summer slowdown, there were some good listings this week – don’t miss Yoda’s House on Camano Island! Just $295k for a “whimsical rustic “play structure” on a 1-acre lot backing up to Camano Island State Park”. Would make a great Airbnb!? Back in Seattle, check out this $1.2m midcentury in View Ridge, or this $1.4m Fauntleroy midcentury. And don’t miss this Eric Cobb-designed home in Madrona for $2.1m.
Bonus interesting listings! In past updates, we forgot to include the “Lodge Mahal” a $6.9m vacation home, and this moody speakeasy-styled home; check em out!
What we’re reading – The pandemic changed who moves to the Seattle area. Here’s how. and Seattle-area power bills rising at fastest rate in a decade.
