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Weekly Wrapup

By May 13, 2019

Market Report

The Seattle Times headline on what happened with the real estate market in April, Seattle-area homebuyers get good news as prices cool, choices grow — but competition still hot in some spots,matches our experience as we had three clients experience three totally different real estate markets this week. The first client looked at, but passed, on one house on Phinney Ridge listed around $1.3m that went $200k over in a bidding war. Instead they offered on a mid-century home a block from Green Lake that was listed around $1.4m and got bid up over $1.65m with 13 offers. Meanwhile, we helped a second client in Belltown negotiate a 2008 condo down from a list price of $850k to $800k. Remarkably, that condo sold brand new in 2008 for $815k – so eleven years, and no appreciation. And our third client is under contract, at list price with all the contingencies, on a newly listed equestrian property (we do work the Eastside!).

In condo news, First Light is 60% sold (we’ve helped a couple clients buy there), 750 on the Hill started closings, a micro-condo building is coming to Greenwood and Wallingford 45 is now on their third listing team

*A lot* caught our eye this week! Our fave is this Ralph Anderson on Shorewood Drive. Followed by a Tom Kundig remodel in the Highlands, a Stuart Silk and Dave Dykstra contemporary on North Capitol Hill, then an untouched mid-century rambler in Leschi, or this untouched mid-century in Magnolia. Need something renovated? Check out this renovated mid-century in Olympic View, or this mid-century in Bellevue. We also dig this updated 70s home on Mercer Island and new construction in Ravenna. If you’re looking for live/work, I love this corner spot in Greenwood. Or the old Lavilla Diary hit the market too. 

Today I learned we’re the least air-conditioned metro. So beat the heat with our end-of-dock houseboat listing or a pool

p.s. Ballard home gets a sasquatch by Henry 

I’m the founder and managing broker of Urban Living. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.

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