See the Madrona home with 18 offers
The newsletter is a day late because we couldn’t send it without showing you our two newest listings – a $1.1M loft at 1310 E Union, my favorite modern loft building in the city, and a super cute $270K houseboat in Fremont!
With new listings up and the number of homes going pending almost flat, you might wonder if buyers are still out there—they are! This home in Madrona had 18 offers on it last week, so 17 buyers are still looking for a $1M home in Madrona (the cheapest home in Madrona is currently $2.2M).
Noteworthy sales last week
- Highest % over asking: Wallingford craftsman for 43% over!
- Most expensive: Mercer Island waterfront for $13.125M
- Least expensive: 1 bedroom condo on Capitol Hill for $295K
Links
- Lighting project brightens downtown Seattle block left mostly dormant by Amazon (PSBJ)
- Silverstein hits reset on ‘very special’ Avenue Bellevue project – and the resources to execute their vision (PSBJ)
- First Light, Seattle’s tallest condo tower, finally opens after delays (PSBJ)
- Seattle-area new homes get pricier, but you may find ‘deep incentives’ (Seattle Times)
- Why aren’t homeowners moving as much as they used to? (NYT)
- Bellevue mansion linked to family of Medina investors trades in trustee sale (PSBJ) – what a steal!
- Olympia is leading WA’s housing policy. That isn’t sitting right in Seattle ( Seattle Times)
- Where did Seattle’s affordable housing go? (Seattle Times)
- Off-market sale of Madison Park home is among most expensive to trade in Seattle this year (PSBJ)
- New Suncadia village to have Seabrook vibe with row houses, boutique retail (PSBJ)
New listings flat
Seattle: 336 new listings last week, up 0% w-o-w
Eastside: 244 new listings last week, down 9.3% w-o-w
Buyer demand up, but just a little bit
Seattle: 212 pending last week, up 1.4% w-o-w
Eastside: 170 pending last week, up 20.6% w-o-w
Eye candy
$3.8M Portage Bay floating home
Check out last week’s market update, See the Maple Leaf Tudor that went 27% over
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