See the Wedgewood home that went 39% over!?
For those with kids, welcome back from midwinter break! The end of mid-winter break typically marks the beginning of the spring real estate market (yes, technically, it is still winter…). So buyers, if you haven’t found what you’re looking for yet, be patient and don’t despair; new listings are coming! As for sellers, it’s time to get your house prepped and on the market if you want to sell in the first half of the year.
We started this week with our buyers beating out just one other offer for this Kirkland contemporary. However, they had to pay over 7% to get it (and waive all the usual contingencies)!
Noteworthy sales last week
- 5 offers for this home atop Queen Anne
- Highest % over asking: Wedgewood contemporary for 39% over
- Most expensive: Lake Forest Park waterfront for $6.25M
- Least expensive: Capitol Hill co-op for $190K
Links
- One factor in soaring Seattle-area condo prices: ‘condos in name only’ (Seattle Times)
- Clyde Hill home hits market for $13M, nearly double its previous price tag (PSBJ)
Mid-winter break slows new listings
Seattle: 241 new listings last week, down 12.4% w-o-w
Eastside: 169 new listings last week, down 3.4% w-o-w
Mid-winter break slows buyers too
Seattle: 178 pending last week, down 12.7% w-o-w
Eastside: 128 pending last week, up 19.6% w-o-w
Eye candy
$8M downtown condo designed by Terry Hunziker
$3.15M Mercer Island Black & Caldwell NW contemporary
$2.5M Mercer Island NW contemporary
Check out last week’s market update, What winter break?
And don’t miss our next update, sign up for our weekly newsletter.
