Summer is finally here and not surprisingly there weren’t many new listings this week. We expect that we won’t see many new listings until after Labor Day. This makes it a good time for buyers to negotiate on homes that have been sitting on the market, though we’re still seeing bidding wars for single-family homes under $1m in good neighborhoods; just yesterday we helped a buyer win a bidding war on a Fremont home. However, the condo and townhouse market has been tough on sellers. For instance we’re helping someone buy a Queen Anne townhome for much less than what it sold for in 2017. What might get the condo market going again is that interest rates are nearing a three year low, while rents are starting to increase again making buying rather than renting more attractive.
In real estate news, the Emerald has topped out and hit 20% in sales. Last week we had a hard hat tour of the Emerald; you can take a peek at their progress and views (sadly it was cloudy!)
For hot days like today we’d recommend say this Northlake floating home, or this Stuart Silk designed $10m Gold Coast home. Not on the water, but still cool, we like this mid-Mercer Island contemporary and we like this home in Bellevue. And to get away from it all how about a modern mountain loft for hiking, biking and skiing.