Seattle weekly wrap-up: a record-setting $85m listing

Last week we saw new listings rebound from the spring break slump, but not as much as we were expecting with “just” 345 new listings in Seattle. I’m also starting to closely watch the number of homes going under contract each week. It feels like the market is starting to slow. So if we start to see a lot more new listings, as we expect to, and fewer homes are going under contract (due to interest rates, buyers have already purchased this year, sticker shock, etc.) then the market could turn…

Of all the new listings, the most notable is an $85m Hunts Point estate. If it sells anywhere close to that, it’ll be a record for the region, with the current most expensive sale being the northwest tip of Hunts Point selling for $60m in 2020. If you’re looking for a Lake Washington waterfront estate, there are now 15 for sale starting at $4.5m… You’ve got options!

Other new listings that caught our eye – a Denny Blaine carriage house (already pending), a like-new West Seattle view home (already pending), a $12m Hunts Point updated midcentury, a $4.2m Yarrow Point updated midcentury, an original Mercer Island midcentury, a 1965 home in Olympic Manor, a Broadview midcentury, and a Carkeek midcentury.

In condo news, Graystone gave agents a look at their 25th floor, started accepting purchase and sale agreements, and should be move-in-ready in 2023 with prices starting below $500k. Or if you’re wanting to buy at First Light but the unit you’re interested in is sold out, we’re starting to try to match people looking to assign their contracts.