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Seattle weekly wrap-up: new listings slow again

By June 19, 2021

Market Report

New listings declined for the second week in a row and will likely decline next week before a huge decline the week leading up to the 4th of July. So in our experience buyers likely have two more good weeks of new listings before the summer slow down – next week and most likely the week after the 4th of July. However, buyers will get a second chance for the month after Labor Day weekend when we see a fall bump in new listings.

In the trenches, the market is still hot. We had a client offer on a $6m home but it had 10 offers. Another offered on a house in Leschi that had 5 offers and went 20% over. And it seems like most of the homes our clients are considering this weekend, even condos, are expecting multiple offers.

Interesting listings this week – a Ralph Anderson in Burien, a midcentury in Medina, a $4.2m NW contemporary in Bellevue, the first resale on Officer’s Row at Fort Lawton, a cool mid-70s NW contemporary by Lake Sammamish, a place at Hawthorne Square with a $330k remodel, a boat slip on Lake Union, and we re-listed a newer standalone home in Fremont.

Vacation places of the week – a log “cabin” at Snoqualmie Pass or there is this $22m estate on San Juan Island.

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.

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Contact:

206-618-1600