See the home with 17 offers
Last week, every seller asked us if buyers were pulling back because of the stock market turmoil. We answered that, anecdotally, no, our buyers were full steam ahead. But now that we have last week’s pending data, we can honestly answer the question – buyers put more homes under contract last week than the week before. One or two weeks doesn’t make a trend, but at least for now, buyers aren’t worried about the stock market.
One data point on the market – frustratingly, we had a client lose out on a 22-year-old Capitol Hill townhome today. It had three offers on it!
But in the good news department, we gave our buyers the keys to their brand new home in Port Orchard today, helped a client go pending on our neighbor’s floating home, and listed three homes – a townhome in West Seattle, a townhome in Frelard, and a single-family home in Kenmore!
Noteworthy sales last week
- 17 offers on this Matthews Beach home
- Highest % over asking: Lake Forest Park midcentury modern for 27% over
- Most expensive: Kirkland Waterfront for $6.5M
- Least expensive: Burien condo with golf course views for $215K
Links
Why WA homeownership rates still trail national averages (Seattle Times)
Buyer demand up two weeks in a row
Seattle: 309 new listings last week, up 6.5% w-o-w
Eastside: 232 new listings last week, up 14.8% w-o-w
New listings take a breather in Seattle
pending last week, down 7.9% w-o-w
Eastside: 158 pending last week, up 10.5% w-o-w
Eye candy
$6.5M Magnolia “General’s Residence” in Discovery Park
$1.2M Bellevue midcentury modern by NW architect Paul Hayden Kirk
Eye candy <$1M
$800K North Seattle midcentury modern
Check out last week’s market update, See how much prices are up YoY
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