Eastside weekly wrap-up: another big week for listings, pendings rebound

New listings this past week came in 6% lower than the week prior. The other side of that coin is that this was the third biggest week for new listings of the year! Meanwhile, buyers came back from Memorial Day weekend and put 277 homes under contract, marking the second biggest week of 2021.

We also got our monthly reports on the market out this past week and the Eastside condo market in May showed some great notes for sellers. Buyers are out there – May saw a record number of condos put under contract on the Eastside! May was also a record for price per square foot and median sales price rose to $550,000. We’re currently trending higher than the prices of 2017 and 2018 which was the high water mark for condo prices over in Seattle.

For favorite listings, this Paul Hayden Kirk midcentury in Bellevue is the standout. The Heron project in Kirkland also listed another of their 5 luxury new construction homes. This Issaquah lodge spent just one day on the market. This midcentury modern on Mercer Island with views of the lake also caught our eye!

Check in later this week for updates on the Eastside new construction projects!