Summer is here, what does that mean for real estate?
Summer is here! And just in time for summer, we listed a sweet Eastlake floating home for just $1.1m. If that doesn’t float your boat, check out our list of all the waterfront homes for sale. We’d love to help you find your spot on the lake.
The beginning of summer means the real estate market is transitioning from a spring that was busier than the year before to the usual summer slowdown. Expect many new listings this week and not many new listings next week as sellers hit pause for the Fourth of July. By mid-July both buyers and sellers will be on vacation with activity picking up again after Labor Day.
Links
- Zulily co-founder lists Magnolia mansion for $25M (PSBJ)
- This home had eight offers and is going for $200K over asking
- Downtown Seattle home prices now cheaper than city as a whole (Seattle Times)
- More Seattle-area seniors seek property tax relief as living costs mount (Seattle Times)
New listings by week
Seattle: 350 new listings last week, down 3.3% w-o-w
Eastside: 216 new listings last week, down 6.1% w-o-w
Homes going pending by week
Seattle: 200 pending last week, down 7% w-o-w
Eastside: 140 pending last week, down 10.9% w-o-w
Eye candy
$1.2m Wedgwood midcentury modern
$1.7m North Admiral midcentury modern by Jerry Gropp
Eye candy <$1m
Check out last week’s market update, The market is slowing but here’s the home with 28 offers last week
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