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Weekly wrap-up

By February 29, 2020

Market Report

What a week! What was shaping up to be a strong spring seller’s market might be anything but thanks to COVID-19. I suspect March will play out as expected since sellers have been prepping their homes for months and buyers hopefully liquidated stock months ago to fund their down payments (though surprisingly many don’t until the last minute). However, this pull back in the stock market could lead to a pull back from buyers. But this could be tempered by lower mortgage rates. On the listing side, sellers might hit pause on their plans worried about demand (and pricing) if everyone bunkers down and agents hit pause on open houses. 

In non-virus news, Mira Flats is now 60% sold with 20 sales this yearFirst Light has a new slimmed down sales gallery, and here’s the actual square footage of condos at Nexus.

In terms of great listings, at week’s end there are ~245 new listings still on the market our faves are a Mercer Island Ralph Andersonan untouched MCM in Medinaa loft in Belltown and a funky contemporary.     

P.S. the City of Seattle “bought” Seward Park for $322,000

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