Seattle weekly wrap-up: another strong week of new listings
We saw nearly as many new listings this week as the week before giving buyers plenty of selection. And for their part, buyers were definitely active putting over 300 listings under contract. For instance, we had clients offer on a modern Queen Anne home – listed on Friday over $2m, with surprisingly no offer deadline, by Sunday it had six offers and went for more than 13% over list price even though it failed to sell last year after two months on the market (it was staged this time, which helped.)
Our buyers aren’t the only ones frustrated with this market, The Athletic did a story on house hunting for some of the Kraken players (subscription required). Turns out even if you’re a well-paid hockey player, this market is frustrating and the player who was the focus of the story ended up renting versus buying.
Speaking of renting, Patti Payne at the PSBJ takes a look at the highest residences in Seattle at Rainier Square. With residences starting on the 41st floor, the 189 residences are higher than any condo building where homes typically top out on the fortieth floor. Remarkably, two of the $25,000 a month penthouses are already rented.
What caught our eye this week – for starters, this $8.5m modern home in the Highlands is amazing. More affordable and closer to the city is this 2015 home in Leschi for $3m. Midcentury fans, here’s one in North Beach and one in Magnolia. I also like this 80s $2.4m contemporary in Inverness and this 1969 updated home on Queen Anne.
Finally, clear your gutters and downspouts! And ensure your downspouts are draining away from your foundation. After no rain in months, some folks are in for a surprise and you don’t want a wet basement.