🏠 The downtown condo market in one chart
Busy is an understatement.
Normally, we see a mid-summer lull in July listings, but this year, at least for our team, is proving to be a massive exception to the rule.
Here is a look at what we've been up to this week:
- The Hammer House: An incredible Olson Kundig-designed home. To put this in perspective, the other two notable Olson Kundig homes on the local market right now are listed at $10M and $65M. The Hammer House? Offered at a relative steal of $2.65M.
- Eastlake Floating Home: A classic floating home, recently remodeled for over $300K. If you love the outdoors, this one features an all-season second-floor deck and a rooftop deck with incredible views. Priced at $1.2M. This is our second time selling this one!
- West Seattle Development Site: We just listed this prime development opportunity, and it is already pending feasibility.
- Sammamish Re-List: Back on the market and looking sharp with fresh paint and brand-new carpet throughout this massive Eastside home. The price improved too!
- Westlake Floating Home: Officially handed off the keys to the ecstatic new buyer.
I was planning to write a deep dive on the current condo market, but honestly, this chart of price-per-square-foot trends for downtown Seattle condos tells the story better than anything I could write.
🏠 Homes We Just Listed
- A completely transformed Eastlake floating home with rooftop deck views
- The "Hammer House," an Olson Kundig masterpiece in Madrona
🏠 Homes We’re Selling
- 🏠 A flexible 2-bed townhouse with rooftop city views
- 🏠 A rare Kingsgate tri-level, first time on the market in 25 years
- 🛥️ Second-from-the-end Eastlake floating home
- 🏠 A brand new Madison Valley home
- 🏙️ Condo with a view, an even bigger condo with a view, or a new one
- 🏙️ Corner unit at the Emerald
- 🏚️ West Seattle townhome with built-in income potential
- 🏙️ Magnolia sunny, corner-unit condo
- 🔨 Build your dream home on Perkins Lane
- 🛥️ An Eastlake houseboat and a Westlake houseboat
- 🏙️ A great short/long-term rental or UW pied-à-terre
🍿 Our Latest YouTube Video
🏠 Listings that caught our eye last week
- Most expensive pending: $5M luxury condo above the InterContinental in downtown Bellevue
- Highest % over asking sale: $500K Beacon Hill fixer-upper
- Most expensive sale: $6.05M Kirkland lake house
- Least expensive sale: $235K move-in-ready condo in Bellevue Highlands
- Most popular Seattle listing on Redfin: $1.45M mid-century rambler with panoramic Puget Sound views
📰 Must-read real estate news
- When even wealthy towns like Clyde Hill are going broke (The Seattle Times)
- Microsoft CMO buys $19.6 million Hunts Point home (PSBJ)
📈 Last week was a big week for new listings
Seattle: 408 new listings last week, up 155% w-o-w
Eastside: 329 new listings last week, up 157.03% w-o-w
📉 But third slowest week of the year for pendings
Seattle: 129 pending last week, down 29.51% w-o-w
Eastside: 81 pending last week, down 34.15% w-o-w
🔥 The hottest new listings
$14.75M Historic Highlands Legacy Estate
$3.35M Modern Retreat in Beaux Arts Village
$2.675M Ralph Anderson Mid-Century on Mercer Island
Check out last week’s market update, Seattle inventory just hit a 14-year high
And don’t miss our next update, sign up for our weekly newsletter.
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