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Urbnlivn weekly: record number of new listings

By August 18, 2020

Market Report

Wow! There were 470 new listings last week. That’s higher than any other week this year and even higher than a week in May last year that saw 458. Buyers were busy too, setting a record putting 348 homes under contract. Guess the uptick in interest rates caused by regulatory drama, didn’t phase buyers. 

A record week for new listings means we saw some great ones hit – an updated home at the Sanctuary (a former church!), an amazing remodel on Phinney Ridge priced at $2.3ma $4m mid-century estate in Laurelhursta remodeled mid-century in North Admiral and another remodeled mid-century in Madison Park. Already pending – a Miller Hull designed home on Mercer Island (ahead of its offer deadline none-the-less), a contemporary in Alki and a mid-century in North Seattle.

Some stories from the front lines – this Ibsen Nelson mid-century sold for 43% over asking! While this North Beach home 36% over with 28 offers. Looking at the 226 closings in Seattle last week 45% were over asking. 25% for list price and 30% below list price. So less than half of homes were in competitive situations.

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