š 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!Ā
- 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.
š Homes We Just Listed
- A completely transformed Eastlake floating home with rooftop deck views
- The "Hammer House," an Olson Kundig masterpiece in Madrona
š Homes Weāre Selling
- š A flexible 2-bed townhouse with rooftop city views
- š A rare Kingsgate tri-level, first time on the market in 25 years
- š„ļø Second-from-the-end Eastlake floating home
- š A brand new Madison Valley home
- šļø Condo with a view, an even bigger condo with a view, or a new one
- šļø Corner unit at the Emerald
- šļø West Seattle townhome with built-in income potential
- šļø Magnolia sunny, corner-unit condo
- šØ Build your dream home on Perkins Lane
- š„ļø An Eastlake houseboat and a Westlake houseboat
- šļø A great short/long-term rental or UW pied-Ć -terre
šæ Our Latest YouTube Video
š 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
š° 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)
š 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
š 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
š„ 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 weekās market update,Ā Seattle inventory just hit a 14-year high
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