The number of homes for sale hit records lows-just when you thought it couldn’t get any lower-with an average of only a one month supply of inventory for sale at all but the highest price points across the Seattle-Eastside region.
The Renton Highlands $700,000-$1.25 million and price points above $1.5 million throughout Seattle and the Eastside are favoring buyers this week.
South Bellevue, Ballard and North Seattle are hot! Most other areas in the region also had a good week, albeit the high end is showing signs of a slowdown.
Spooky could define the market this week. Marked seasonal slowing is noted in most areas with a few simmering hot spots. Click here for the full report and neighborhood-by-neighborhood statistics!
MERCER ISLAND The median sale price on Mercer Island increased 13.6% (to $1,460,000) over Q3 of 2016. Time will tell … Continue Reading Q3 2017 Seattle Area Residential Real Estate Report
It’s not just the weather cooling off. Many areas continued to slow as we move further into the fall season. Buyers who chose not to compete in the peak season frenzy may find the temperature is just right now.
Q3 2017 REVIEW The most active quarter of the year for waterfront in the Seattle region, Q3 saw two very … Continue Reading Q3 2017 Seattle Area Waterfront Report
Q3 2017 REVIEW The Q3 median sale price increased a mere 0.6% in Seattle and 24.4% on the Eastside over … Continue Reading Q3 Seattle Area Condo Report
A bit of slowing was observed this week across the entire Seattle-Eastside region. With few exceptions, pending sales were down in nearly every price point. A good time for buyers to swoop in? Quite possibly…
Fall is definitely in the air. Pending sales are all over the map this week with some areas still hot while many others have cooled off. Check out our complete neighborhood breakdown by price point.
Pending sales were up significantly this week in nearly every market area except Bellevue condos.
As expected, we saw a surge of new listing inventory this week. Pending sales were sluggish however, as home buyers paused to gauge the state of the market and explore the new listing options presented.
Ballard, Greenlake and North Seattle rocked the charts this week! Home buyers were back at it in force. With the Exception of West Bellevue and Woodinville, all Seattle area neighborhoods saw a decline in listing inventory coupled with an increase in pending sales. The coming week should bring a new surge of listing inventory, spurring on another strong round of pending sale activity.
The market slowed further this week as winding down summer and back-to-school activities took precedence.
A little cooling off can been seen in the market this week as we bring the latter part of August, and summer break, to a close and begin planning for back-to-school.
This week will likely mark the last active listing week of August as buyers, sellers and agents enjoy the last bit of summer vacations and prep for back to school. The second half of August is a great time for buyers to find the tables turned in their favor.
Look for a rush of new listings to come to market in the week following Labor Day as we enter the second most active season of the year.