🏠 Rumor has it: $25M off-market deals & high-rise drama
We’re in the middle of the mid-summer slowdown, or are we?
The Rumor Mill
- Big Tech Moves: Did Mark Zuckerberg just buy Mark Vadon’s former estate for $25M off-market? Vadon previously sold it in 2025 for $21.5M. (Source: PSBJ)
- First Light Shifting Gears?: First Light appears to have brought on a second sales team as a slew of new units hit the market under new listing agents. Keep an eye on #2410, listed at $1.1M—a dramatic comparison to the same floor plan on the 13th floor (west side) that re-sold for $500K. (Source: the MLS)
Market Movers
- Nobu Bellevue’s Big Summer: Is the rebrand working? Unit #1701 closed at $3.1M, #2201 closed at $5M, and #1901 is pending at $5M.
Team Updates
- Yacht Life: We listed a 110’ yacht slip at Lake Union Landing for $1.5M.
- #Frustrating: Competition remains sharp on select homes. We recently helped a buyer who came in a close second in a multi-offer situation on a $2.2M Magnolia home.
🏠 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
- West Seattle townhome with built-in income potential
- Build your dream home on Perkins Lane
- First Light studio
- 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: $7.75M Broadmoor Estate
- Highest % over asking sale: $1.76M Craftsman Near Green Lake
- Most expensive sale: $22.8M Medina Gold Coast Estate
- Least expensive sale: $173K Investor Fixer in Georgetown
- Most popular Seattle listing on Redfin: $650K Fully Remodeled Home Near Northgate
📰 Must-Read Real Estate News
- Seattle area doesn’t have ‘enough family-sized units to go around - (The Seattle Times)
- Light rail arrival in West Seattle delayed again - (The Seattle Times)
- Fixing Seattle's power outages continues a 1960s class divide - (The Seattle Times)
- Mansion once owned by Mark Vadon trades for the second time in 20 months - (PSBJ)
- Sounders star sells Kirkland home after 8 hours on the market - (PSBJ)
Sellers Still Surprisingly Active
Seattle: 306 new listings last week, down 8.66% w-o-w
Eastside: 249 new listings last week, remains the same.
While Buyers Are Buying the Same as Last Year
Seattle: 164 pending last week, up 18.84% w-o-w
Eastside: 125 pending last week, down 0.79% w-o-w
🔥 The Hottest New Listings
$7.65M West-facing Waterfront on Mercer Island
$6.995M Queen Anne Estate with Skyline and Space Needle Views
$2.6M New Construction with Lake Washington Views in Mount Baker
Check out last week’s market update, Seattle condo prices hit a 10-year low
And don’t miss our next update, sign up for our weekly newsletter.
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