Final week noticed new listings rebound in power after the lengthy weekend, growing 110% week-over-week. 200 new listings hit the market, the best quantity because the center of July! Nonetheless, we anticipated this as sellers are suggested to get their houses in the marketplace within the first two weeks of September for the autumn home-buying season.
The massive query is whether or not or not the patrons come again as effectively. We all know there’s fairly a little bit of pent up purchaser demand as a result of low stock and excessive rates of interest (charges ended the week at 7.22% however are currently at 7.25%). Final week patrons put 107 houses beneath contract throughout the Eastside. Sellers will be optimistic as we had been coming off the vacation weekend and this was greater than the brand new listings the week prior. Patrons are coming again round to properties that didn’t get purchased up after their first week in the marketplace.
My favourite residence of the week is a waterfront Mercer Island mid-century designed by Reid A. Morgan. One other stand-out on the water is that this Newport Shores residence on Columbia Key. Mid-century followers may also love this reworked residence West of Market in Kirkland. People in search of condos will love the panorama views within the North Tower of Bellevue Towers and this penthouse apartment in Meydenbauer Bay went pending in simply 3 days!
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