Weekly Wrapup: Listings at All Time High for the Year
With spring break for the kids behind us, we saw a record number of new listings hit the market this week, with nearly 300 new homes for sale.
We wrote a couple offers this week:
- A Bitter Lake condo listed at $245k had 12 offers and went above $300k
- A Capitol Hill townhome listed at $769k only had two offers. Ours was a little below list price and so the seller went with the other offer which was at list price with no contingencies
- And we’re still in negotiations on a below list price place that went past its offer deadline
We also reviewed offers on my loft which got four offers and is pending at $765k.
Some articles that caught our attention this past week:
- Seattle Times, Why are Seattle-area home prices so high?
- Seattle Times, Seattle is 49% more expensive to live in than the national average.
- Seattle Times, Is this the future of Seattle transit? A look at Vancouver, B.C. — a city that figured it out years ago – Seattle should embrace building taller
- @ByRosenberg, Seattle home prices now go up $1 every 5 minutes, on average. That’s not a joke – just ran the numbers.
- @TommyUnger, Number of shares of Amazon stock needed to buy a house in Seattle over the past 10 years.
- @Htimswi, A spreadsheet of Capitol Hill rents circa 2009
- Eye on Housing, Washington State had a 9.8% growth in housing permits YOY in February.
