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Weekly wrap-up: new listings up 23% WoW, pendings up 13%

By April 20, 2020

Market Report

Seattle real estate continues to recover from COVID-19 with new listings up 23% week-over-week and listings going pending up 13%. 11% of the new listings this week are already pending. Meanwhile rates are still near all-time lows and Amazon buyers must be thrilled that $AMZN is at an all-time high. Not surprisingly we are not seeing the same activity we saw this time last year:

Curious what homes are selling? We took a look on the blog at the ~155 listings that went pending this week. From $4.75m to $160k, there are buyers out there and we’re still seeing bidding wars for some homes. On the blog we also looked at keybox activity to get a sense of how many showings are happening right now

Our favorite new listings this week are an Ira Cummings mid-century in Magnolia but it went pending in 2 days, a brand new home in Magnolia by Lev vel, and a NW contemporary on Bainbridge Island. Or join us on the water! Also, we’re still looking for a buyer for our modern listing in Fremont with double car garage

Oh, and the West Seattle bridge :(. We feel for all our West Seattle clients right now.

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.

Get in touch to:

  • Understand the market
  • Find your perfect home
  • Sell your home

Contact:

206-618-1600