$300K off a home? Yep, it’s that season
This is the best time of year for buyers, and we’ve got a few swinging for the fences. One had a big win this week, negotiating a seller down $300K on a $3M waterfront home in Leschi. Another came this close to snagging $100K off a home, only to get edged out by a slightly higher offer. And we’ve got one more buyer deep in negotiations with a new condo building who should be able to secure a screaming deal if they can close by year-end.
It really does feel like the real estate version of Black Friday out there: great deals to be had, limited quantities of true “doorbusters,” and the occasional listing so odd you cringe.
Rates have dipped, too, hovering near three-year lows. And if you’re a jumbo buyer or have a solid banking relationship, you’re likely seeing rates in the high 4s to low 5s.
Happy Thanksgiving and deal hunting!
Noteworthy deals last week
- Most expensive pending: Bellevue gated estate in Bellevue at $8.8M
- Highest % over asking sale: Phinney Ridge craftsman for 20% over
- Most expensive sale: Bellevue new construction for $4.7M
- Least expensive sale: Shoreline condo for $227K
- Most popular Seattle listing on Redfin: Fremont investment property for $400K
Links
- First Hill retirement community secures $600M for 33-story tower (PSBJ)
- The ‘structural change’ about to make new housing more expensive in Seattle (The Urbanist)
- Seattle’s luxury housing market surges in October (PSBJ)
- Bellalago mansion listing ranks as one of the most expensive in WA (PSBJ)
- South Park residents endure recurring sulfur, ‘rotten egg’ smell (Seattle Times)
New listings by week
Seattle: 166 new listings last week, down 18.2% w-o-w
Eastside: 97 new listings last week, up 6.6% w-o-w
Homes going pending by week
Seattle: 164 pending last week, up 17.1% w-o-w
Eastside: 99 pending last week, up 8.8% w-o-w
Eye candy
Check out last week’s market update, Thinking of making a move? Now’s the time to try
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