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Russell Wilson, Bill Gates and a custom McLaren

By May 1, 2024

Weekly Market Commentary

Rates in the mid-7s don’t seem to be slowing buyers down – we helped a client offer on a $1m two-bedroom home in Bryant and it had 16 offers! And it isn’t just single-family homes that are hot; we listed a two-bedroom condo in Fremont, and it had 3 offers going nearly 10% over asking. But keep in mind – of the ~2,900 homes for sale in King County, 2,100 have been on the market for 10+ days; only pockets of the market are hot.

Sorry, we don’t have photos of First Light craning a McLaren onto their pool deck, the event was canceled due to wind. But the DJC has some more details. TL;DR: buy a $5.1m penthouse, and get a custom $1.5m car “free”. Note the McLaren Elva doesn’t have a roof or windshield. Unsure if that makes sense in the PNW…


New listings take a breather

Seattle: 344 new listings last week, down 9.235 w-o-w
Eastside: 230 new listings, down 16.97% w-o-w

Seattle: 239 pending past week, up 8.64% w-o-w
Eastside: 189 pending last week, up 34.04% w-o-w

Eye candy

$1.5m West Seattle Mid Century

$2.3 West Lake Sammamish contemporary

$2.5m bridal Trails midcentury

Keeping reading

Check out last week’s market update, New listings skyrocket across Seattle

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I own and manage Urban Living, a boutique Seattle and Bellevue real estate brokerage. I love lofts, floating homes, new construction, and mid-century moderns, but I will help you buy or sell just about anything!

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