Can you believe it’s September already? I’m definitely in denial. Summer is my favorite season. Sigh.

Between the potential Seattle Public Schools strike, especially with school starting prior to Labor Day this year (!?), and high mortgage rates, there is plenty to complain about this week. But instead of complaining, here’s what’s happening with Seattle area real estate right now:

• Last Week’s Slump: As expected, last week was quiet for both new listings and pending homes. In a rare twist for this year, the Eastside actually saw more homes go pending than Seattle. 
• The Labor Day Pause: Expect this week to also be quiet as most listing agents advise sellers to wait until after the holiday weekend to launch.
• The Post-Labor Day Surge: Buyers, get ready! We expect a wave of fresh listings to hit the market over the next two weeks.
• The Fall Window: Keep in mind that our local fall market is short; it typically wraps up by late October. Once the days shorten and the classic Seattle rain sets in, inventory and activity will cool off until the new year.

Despite the late-summer lull, our team has been moving fast:

• Instagram Wins & On the Ground: We just closed on a fantastic townhome with our very first buyer who found us through Instagram! Land has been running all over the Greater Seattle area, filming Reels showcasing some cool homes.
• YouTube Success & Remote Closing: Alicia guided clients who found us on YouTube through the purchase of 8451 40th Ave SW. Since they were relocating to Seattle, they flew in to tour the home initially, and Alicia handled the inspection and final walkthrough seamlessly while they remained out of state.

Fingers crossed for a smooth start to the school year this week! 

🏠 Homes We’re Selling

• Own your own deep-water dock slip on Lake Union
• Penthouse living atop Bellevue Towers, with views for days
• A blank canvas in West Seattle
• A spacious Belltown condo with Puget Sound and Space Needle views
• The "Hammer House," an Olson Kundig masterpiece in Madrona
• A completely transformed Eastlake floating home with rooftop deck views
• A brand new Madison Valley home
• A Burnstead in Illahee w/ fresh updates, looking for its second owner ever!
• A flexible 2-bed townhouse with rooftop city views
• A rare Kingsgate tri-level, first time on the market in 25 years
• Corner unit at the Emerald
• Build your dream home on Perkins Lane
• A Westlake houseboat

Wonder what your home is worth? Just hit reply.

🍿 Our Latest YouTube Video

🏠 Listings That Caught Our Eye Last Week

• Most expensive pending: $5.625M West Bellevue Estate with City Skyline Views
• Highest % over asking sale: $3.88M Restored 1904 Craftsman in Seattle
• Most expensive sale: $7.88M Gated Estate in Denny Blaine
• Least expensive sale: $235K Investor Condo Across from Microsoft Campus
• Most popular Seattle listing on Redfin: $2.295M Laurelhurst Home with 1940s Character

Sellers

Seattle: 269 new listings last week, down 11.8% w-o-w
Eastside: 235 new listings last week, down 7.11% w-o-w

Buyers

Seattle: 135 pending last week, down 4.26% w-o-w
Eastside: 141 pending last week, up 2.92% w-o-w

🔥 The Hottest New Listings

$15M Medina Waterfront on the Gold Coast

$8.995M Coastal Retreat with Private Moorage

$2.95M Scandinavian-Inspired Mountain Home in Tumble Creek

Check out last week’s market update, $10M penthouse goes pending

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