Seattle weekly wrap-up: Happy New Year!

First, let’s quickly wrap up 2023 – the last two weeks of December were, not surprisingly, slow. Very few homes hit the market and very few buyers put homes under contract. However, while the market was slow, we weren’t! We helped clients get an offer accepted on the floating home we used to rent years ago, helped a client negotiate a nice discount on a condo at Luma and our Queen Anne listing is now pending (we received an offer on Christmas Eve!) Now we need to find a buyer for our Roanoke Reef floating home and a remodeled Capitol Hill condo…

Now what does 2024 have in store? The Seattle Times took a look at this – Will Seattle-area real estate rebound in 2024? Here are 5 projections. What we’re hopeful for is more homes for sale and less interest rate volatility! Though last year we started the year with 1,036 homes for sale in Seattle and there are only 901 for sale today. Meanwhile, mortgage rates were 6.2% at the start of 2023 and are at 6.72%. Nonetheless, I’m optimistic 2024 will be better than 2023! Anyhow, if you’re thinking of buying or selling this year, happy to grab a coffee or Zoom! It isn’t too early to get the ball rolling on either conversation.

Thanks again to everyone who contributed to our Mary’s Place fundraiser! With your generous donations and our match, we raised just over $10,500. I’m blown away by everyone’s generosity!