After a massive wave of new listings over the past two weeks, how many more will we see? Are any buyers out there? Early signals for the fall season: sellers far outnumber buyers (see the graphs below), and prices will likely be coming down once we have data for September and October.

Here’s what we’re telling our clients as we head into late September:

• Buyers: You’ll continue to see a steady flow of new listings over the next two weeks. But after mid-October, new listings will drop significantly and stay low well into the New Year.
• Sellers: Your seasonal window runs through the end of October. If you don’t have serious buyer activity right now, waiting won't help. Aggressively finding the market price today is key to getting sold before rain and early sunsets slow things down. Buyers are out there when the price feels like a deal.

It was a busy weekend for our buyers!

• Leschi Waterfront: We won a competitive bidding war on Saturday night for a Lake Washington teardown. This marks the 3rd waterfront home we’ve secured along this exact stretch of Leschi/Mt. Baker!
• Wedgwood: We moved fast to tie up a good one before it went to an expected multi-offer situation.

Curious what $71M buys in Washington State?

Scroll down to check out the newly listed Lake Washington estate in Hunts Point—officially the most expensive listing currently on the market in WA! You can find the backstory in the WSJ: They Spent $50 Million Creating Their Own Four Seasons. Now It’s For Sale.

🏠 Homes we’re selling

• A beautifully updated Washington Park Craftsman on a tree-lined street
• An end-of-dock floating home with front-row views down the Montlake Cut
• 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 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.

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🏠 Listings That Caught Our Eye Last Week

• Most expensive pending: $10.9M Medina Gold Coast Estate
• Highest % over asking sale: $1M Craftsman Fixer in Leschi
• Most expensive sale:$6.9M Renovated Home in Medina
• Least expensive sale: $210K Condo in Federal Way
• Most popular Seattle listing on Redfin: $1.295M Updated Bryant Home with Space Needle Views, Now Pending

📰 Must-read real estate news

• Seattle councilmember revives proposal to reduce MHA fees (PSBJ)
• Seattle Leads the Nation in Residents Looking to Leave, Redfin Data Shows (Future 42, X)
• Seattle’s childless core: Six areas in city recorded zero kids in 2024 (The Seattle Times)
• Tour Seahawks coach Mike Macdonald’s stunning 10-acre Seattle sanctuary (Graham Bensinger, Youtube)

Last week: second busiest week of the year

Seattle: 456 new listings last week, down 14.12% w-o-w
Eastside: 296 new listings last week, down 21.69% w-o-w

Last week: buyers back from summer

Seattle: 195 pending last week, up 75.68% w-o-w
Eastside: 155 pending last week, up 46.23% w-o-w

🔥 The hottest new listings

Coming soon, $71M Hunts Point Estate, an Extraordinary Private Compound

$5M George Suyama-Designed Home in Kirkland

$2.295M Mid-Century Home on Magnolia Blvd, Now Pending

$1.849M Paul Hayden Kirk-Designed Home in Bellevue

Other new listings we liked:

• $2.1 West Seattle mid-century modern, already pending
• $1.8M Mercer Island mi-century pending in nine hours!
• $1.1M Jackson Park midcentury

Check out last week’s market update 500+ listings in 1 week (and rates at 7.22%)

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