Hope you had a sunny weekend!
The number of new listings slowed last week and we predict will really slow down this week due to the Fourth of July. Summer will continue to be a slow time for real estate as buyers, sellers and agents head out on vacation. However, our business has not slowed as much as I’d expect – last week we showed many buyers homes and are talking to a number of sellers about listing over summer. And with Apple and JP Morgan expanding their footprints, Expedia starting their move in October and tech employees having their IPO riches unlock soon (Lyft, Pinterest, Uber all have local employees who will become liquid in Q4) we expect to end this year and start next year strong.
Of the ~300 new listings, there were a surprising number of good ones. Our fave is likely this mid-century on the south end of Mercer Island for $2.8m. For more affordable, we like this $1.4m mid-century on Mercer Island, followed by a relatively untouched MCM in View Ridge is only $1m. Here’s another untouched mid-century, with great water views for $2m in Bellevue. And if you want to get away from Seattle, here’s a mid-century on Bainbridge Island. But enough with the mid-centuries, here’s a good contemporary in Leschi for $3m. Or if you want to live the good life, a $10m condo at the Four Seasons.
Thanks to First Light‘s developer Westbank, we spent last weekend in Vancouver touring their Vancouver House and Oakridge projects. Vancouver House is an engineering marvel, while their vision for Oakridge is innovative, remarkable and what we should be building in Northgate / Mountlake Terrace / Lynnwood if we really wanted to increase density and turn future Light Rail stops into urban centers. I’m looking forward to seeing what they do next in Seattle.
Happy Canada Day to my fellow Canadians!