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Home / Et cetera / This Market Is Nuts – Offer War Stories

This Market Is Nuts – Offer War Stories

By March 29, 2017

Et cetera

Over beers these are the stories agents swap with each other. (All examples from this week.)

Evidence this market is nuts:

  • Belltown condo listed at $400k goes for $500k. 21 offers. Cash.
  • Belltown condo listed at $620k goes for $709k. 5 offers. Financed.
  • Denny Triangle condo moves offer deadline from 7 days to 2 days, goes pending.
  • Madrona home listed at ~$1m goes for ~$1.44m. 19 offers.
  • South Lake Union loft that took nearly two months to sell last year, resells now for 10%+
  • Green lake new construction townhome gets 2 offers, goes pending in 3 days
  • Nexus bumps prices on some units $200k
  • Crown Hill homeowner gets three unsolicited offers to buy her home
  • Queen Anne craftsman gets 50 showings in 48 hours, goes pending with multiple offers before its offer review deadline

Evidence it isn’t:

  • Capitol Hill condo gets just one offer
  • Wallingford craftsman gets just two offers

I own and manage Urban Living, a boutique Seattle and Bellevue real estate brokerage. I love lofts, floating homes, new construction, and mid-century moderns, but I will help you buy or sell just about anything!

Get in touch to:

  • Understand the market
  • Find your perfect home
  • Sell your home

Contact:

206-203-6242

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