Rates ease, Seattle buyers were BUSY
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The big news last week was the Fed holding their rate steady. Of course, mortgage rates do their own thing and so after seeing mortgage rates at an all-time high for the year last weekend, this weekend they’ve dropped to their lowest point in a month. This was good news for the 250 buyers in Seattle last week who put a record number of homes under contract (for the year). …It will be interesting to see if last week was the peak of the home-buying season, it just might have been!
This past week we were busy helping a buyer beat out the competition for a home in Pigeon Point, counseled a buyer to walkway from a home they loved but the inspection revealed a money pit, and gave keys to a buyer we negotiated a $50k discount for (same floor plan two floors down sold for +$400k in 2020! If you’re looking for a deal on a condo, hard to beat the pricing at Nexus right now.)
It was a (rainy) opening day of boating season this weekend. Opening day also (unofficially) marks the start of floating home season and we saw a few more hit the market this past week. Here are all the floating homes and houseboats for sale including our own slip 11 at Mallard Cove.
Links
- A bit more detail about Bellevue Club expansion, with 266 condos in two towers (DJC) – Check out our guide to the Bellevue Club’s Residences
- Why is Seattle’s Third Avenue not recovering? It just might be the buses (Seattle Times) – Notably, First Light is putting their residential entrance on Virginia and not 3rd
- 3 spectacular Seattle-area homes designed for multigenerational living (Seattle Times) – Eye candy and inspiration!
New listing near record highs
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Seattle: 361 new listings last week, up 4.9% w-o-w
Eastside: 236 new listings, up 2.6% w-o-w
Record number of homes go pending in Seattle
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Seattle: 250 pending past week, up 4.6% w-o-w
Eastside: 164 pending last week, down 13.2% w-o-w
Eye candy
![](https://www.urbnlivn.com/wp-content/uploads/2024/05/image-3-1024x682.png)
$2.9m View Ridge modern with lake views
![](https://www.urbnlivn.com/wp-content/uploads/2024/05/image-4-1024x683.png)
$1.3 Mid-century modern in West Seattle
![](https://www.urbnlivn.com/wp-content/uploads/2024/05/image-5-1024x682.png)
$850k for the “Skinny House” by Pb Elemental
![](https://www.urbnlivn.com/wp-content/uploads/2024/05/image-6-1024x682.png)
$4.25m for the Setai in Kirkland
![](https://www.urbnlivn.com/wp-content/uploads/2024/05/image-7-1024x682.png)
$8.275m Thomas James modern contemporary
Keep Reading
Check out last week’s market update, Russell Wilson, Bill Gates and a custom McLaren
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