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Home / Weekly Market Commentary / See the Craftsman that went 29% over

See the Craftsman that went 29% over

By February 5, 2025

Weekly Market Commentary

The big news last week was that the Fed left its rate unchanged, and it had nearly no impact on mortgage rates. Surprisingly, trade wars and tariffs haven’t impacted mortgage rates much, either.

We love highlighting bidding wars in this newsletter, but they’re the exception! For instance, we just helped buyers close on a fantastic Queen Anne home for $280K off its last list price and negotiated a $25K credit after the inspection. We also helped buyers close on a condo at Spire for $1.2M, well below the $1.545M the sellers paid for it. Deals are out there.

Are you looking for a home in Wallingford where you could rent the downstairs? Check out our new listing on Woodland, which is great for house hacking.

Noteworthy sales last week

Links

Buyers see more new listings than last year

Seattle: 255 new listings last week, down 7.9% w-o-w
Eastside: 151 new listings last week, up 9.2% w-o-w

This year looks a lot like last year!

Seattle: 201 pending last week, up 9.8% w-o-w
Eastside: 114 pending last week, up 1.8% w-o-w

Eye candy

$3.5M Mercer Island midcentury modern

$2.8M Friday Harbor waterfront cottage

$2.8M North Capitol Hill modern

$2.5M Bainbridge Island NW contemporary

$2.5M Mercer Island midcentury modern

Check out last week’s market update, See the Kirkland home with 11 offers

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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!

Get in touch to:

  • Understand the market
  • Find your perfect home
  • Sell your home

Contact:

206-203-6242