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Eastside weekly wrap-up: buyers come back in a big way (45% WoW!)

By May 1, 2023

Market Report

We’re all super excited about the 70+ degree weather we had this weekend but sellers should be more excited to see pending sales increase 45% week-over-week with 167 homes getting under contract this past week. The big jump followed a big jump in listings last week as the market came back from spring break around the Eastside. And just in time! Now that we’re in the heart of the typical home buying season, it should be busy.

We saw slightly fewer sellers put their homes on the market this week. Decreasing 5% week-over-week, 176 homes hit the Eastside. Even though we feel like the market is getting busier, inventory and activity is way below last year. This week last year? Listings were up 45% and pending sales were 25% compared to this year. For another comparison, Seattle saw new listings drop 8% and pending sales increase 22% week-over-week.

Of the new listings, my favorite was this Kirkland NW contemporary that went pending in just 3 days. The summer heat from this weekend had me thinking about all the possibilities with this street-to-water property in Medina for $9.5M. Don’t need to be waterfront but still looking for views? This mid-century in Clyde Hill has all the west-facing views you could want!

In new construction news, we got to take a peak at the Mari Bellevue sales center. They’re getting ready to launch sales soon and we’re getting more details on pricing and floor plans. Reach out if you’re curious and we’re happy to chat! It’s looking to be slightly more affordable than Avenue so we expect it to be popular.

Join us at our next home-buying class this Wednesday at 4 pm! Sign up here.

I am a broker and contributing writer for Urban Living. I love condos & townhomes and helping people find the next space they call home!

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