Eastside weekly wrap-up: new listings hit new high for the year after the holiday
Coming out of the lull of Easter weekend and school breaks, sellers have rushed to get their homes on the market. We notched the biggest week in 2022 for new listings at 287 and those sellers are right to get their homes on the market before we hit the peak listing volumes of the year.
On the other side, pending sales dropped 11% week-over-week (179 homes put under contract) as buyers took a pause for the holiday. That leaves a fair number of homes still on the market with 225 new listings last week and 287 this week.
The larger trend is that new listings are just slightly below 2021 but pending sales each week are significantly below this time in 2021. Interest rates and home prices are giving lots of buyers pause so expect more homes to start going past their review dates. Buyers, continue to expect competition but some homes will see less as buyers re-evaluate their home search.
Notable homes this week – the largest estate in Hunts Point hit the market at $85M with a whopping 327 feet of water frontage! For lovers of mid-century and Hunts Point, a more modest $12M home also came on the market this week. For more mid-century, this $7.2M Mercer Island view home went under contract before the weekend was over and don’t miss this waterfront mid-century in Enatai.
For condo fans, Bellevue Towers had a couple of units listed this week but the unobstructed views of this southeastern facing unit takes the prize!