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