Weekly Wrapup
The news this week was focused on the Case-Shiller report that Seattle-area home prices this spring rose at fastest rate since 2006 bubble, but Case-Shiller is delayed and is only reporting on what happened in May. When the MLS data for July comes out next week I’m guessing the headlines will focus on the over 50% increase in year-over-year inventory, which will likely put a huge damper on median price, but we won’t see that take effect until the August data is out in early September. So it is getting better for buyers, worse for sellers. Though developers are still bullish; Bosa just acquired another condo site in Bellevue.
Enough about the numbers! If you want an affordable loft, check out this one at 19th Ave Lofts or these two at the Talisman. For mid-centuries, here’s one with promise in Laurelhurst. But if you’re looking for something move-in ready we like this Leschi contemporary. Or if you have $11m this UFO-like contemporary. And finally, it is inspiring that this seller donated his $7.75m waterfront home to charity.
Though I suspect you are paying no attention to the housing market and are enjoying summer, as you should be :).
