See the home with 15 offers last week
Mortgage rates had a terrible October and are now back to 7%, ugh. Between rates, election uncertainty, and seasonality it feels slow out there. But then we compared this year to last year for new listings and homes going pending, it isn’t nearly as slow as Q4 ‘23, so there’s that.
But it isn’t slow in Normandy Park! Buyers were smitten with this midcentury; it had 200+ people through and received 15 offers in only 2 days. Wow!
And penthouses are sold out at Avenue Estates, but there is now a $9M resale if you missed out.
Links
- Sale of Mercer Island mansion tops Washington’s biggest residential deals of 2024 (PSBJ)
- Bothell home sells for 22% over list price
Seasonality takes its toll
Seattle: 236 new listings last week, down 11.6% w-o-w
Eastside: 127 new listings last week, down 4.5% w-o-w
Busier than last year despite rates and seasonality
Seattle: 185 pending last week, down 7% w-o-w
Eastside: 109 pending last week, down 32.7% w-o-w
Eye candy
$3.5M North Capitol Hill foursquare
$1.5M Queen Anne High penthouse
$1.02M Normandy Park midcentury modern
Eye candy <$1M
Check out last week’s market update, See the home with 15 offers last week
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