New listings were up a whooping 36% this past week over Thanksgiving week. But don’t get too excited, it was the second slowest week of the year for new listings.
We did get close to writing an offer this week but held back once we inspected the home and found out that the basement didn’t have proper damage and had water damage, in addition to a busted sewer.
Other than that, here are a few tidbits we picked up:
- Condo at the Vik went pending in a day, even though it had an offer deadline.
- A two bedroom condo listed at $688k that we wrote got 27 offers ended up selling for $802k cash (!!!)
- Shoreline home listed at $545k went for over $600k in just a couple days, even though it had an offer deadline.
Elsewhere on the Internet:
- The Stranger, Current Price of That Burned-Down Beacon Hill House: $549,000
- DJC, Compass fined $96K for getting a crane too close to power lines – cranes get into more accidents than I would have guessed
- King 5, Seattle home on market for $10,000 – already sold!
- The New York Times, The Great American Single-Family Home Problem
- Seattle’s average home ownership length has increased 90%
- Seattle Times, Map of homeless camps
- Mike Rosenberg, The Puget Sound region has added about 433,000 people in the last 5 and a half years based just on driver’s licenses
- Mike Rosenberg, Amazon has the most office/industrial space leased in the county by far – a mind-boggling 130 million square feet. That’s 48 Empire State Buildings
- Realtor.com thinks prices will increase 6.2% in Seattle.
- Seattle Times, Animation of Amazon’s HQ expand
- Seattle Times, Want a home in Seattle area? You’ll need an $11,000 raise
- Seattle Times, Groups say they’ll challenge Seattle’s new neighborhood growth plan