See the West Seattle home with 36 offers last week
Mortgage rates are back below 7% and the market is hot. Some highlights from last week:
- West Seattle home gets 36 offers
- Meadowbrook midcentury gets 16 offers
- Lake Forest Park home gets at least a dozen and goes $200k+ over
What are prices doing? The Seattle Times has the county-level view, in Seattle the median price has jumped back up to $930,000 (from $827,000 in January), this is a price level we haven’t seen since mid-2022 when rates were in the 4s.
We’ve been busy! We helped clients beat 3 other offers to get this $2.15m Hawthorne Hills home for 10% over asking, helped a seller sell his 4th home with us, and listed a midcentury condo with a view in Lower Queen Anne.
P.S. Our next home-buying class is April 9
Links
- Mortgage Rate Winning Streak Finally Pauses, But Just Barely (MND)
- Avenue Bellevue’s InterContinental targets spring opening after multiple delays (PSBJ)
- Avenue Bellevue’s Michelin-star chef and James Beard nominee exit downtown Bellevue hotel project (PSBJ)
- 5-tower condo project eyed for site next to Seahawks training center (PSBJ)
- Mayor Harrell proposes housing density in every Seattle neighborhood (Seattle Times)
- WA won’t legalize cafes in residential neighborhoods, lawmakers decide (Seattle Times)
- Selling a Seattle-area home? Know these remodeling do’s and don’ts (Seattle Times)
New listings hit another new high
Seattle: 281 new listings last week, up 15.6% w-o-w
Eastside: 185 new listings last week, up 7.5% w-o-w
Buyers are back from mid-winter break slowdown
Seattle: 204 pending last week, up 26% w-o-w
Eastside: 155 pending last week, up 26% w-o-w
Buyers, be patient; sellers, let’s go!
Buyers: buyers should be patient, the home-buying season is just getting started, and you still have lots of time to find your dream home.
Sellers: you should list sooner rather than later to take advantage of low competition from other sellers and seemingly many eager buyers.
Eye Candy
A rare listing at the Art Stable designed by Kundig Olson
$1.56m midcentury designed by Jack Bryant (already pending!)
$2.7m Denny Blaine carriage house
$2.65m Bainbridge Island waterfront midcentury
Keeping reading
Check out last week’s market update, How many homes had offer deadlines last week!?.
