Happy Seafair!

The summer slowdown has officially arrived, and we have about five weeks of it left. Here’s how to take advantage of it:

• For Buyers: Right now is prime time to circle back on homes that feel overpriced. Sellers whose homes have been sitting are starting to wonder where everyone went. An offer today could be just what it takes to start a real conversation. You don’t get what you don’t ask for.
• For Sellers: Want to sell before Labor Day? Cut your price now. You have about a week or two before Seattle completely empties out for vacation. By mid-August, it’s going to be crickets until fall, and extra days on market are no friend to your bottom line.

Hello Penthouse 4202 at Bellevue Towers

We just listed Penthouse 4202 at Bellevue Towers, and this one is truly special.

• Huge: 3,400 sq ft | 2 Bed + Den
• Big views: Sweeping, floor-to-ceiling west-facing views
• Extras: 3 dedicated parking spaces + private storage room
• Price: $4.75M

Bellevue Towers remains the largest and most popular condo building in downtown Bellevue. The amenities have all been refreshed (including a private half-acre park between the towers), and the HOA is solid with nearly $10M in reserves.

Market Snapshot: "It's (still) a Weird Market"

We’re seeing wild contrasts across the city right now:

• The Foreclosure Steal: A penthouse at Cristalla that sold for $3M in 2021 was recently foreclosed on and listed at $2M (~$900/sq ft). Yes, it needs a full remodel, but we’re genuinely surprised nobody has snapped this up yet.
• The Bidding War: On the flip side, our clients put an offer on a home in North Beach listed at $1M. It drew 8 offers and is pending around $1.2M.

Great homes priced right are still flying, while hidden gems are sitting under the radar.

If you’re thinking of selling in 2026, hit reply—the window to sell this year is shrinking quickly!

🏠 Homes We Just Listed

• Penthouse living atop Bellevue Towers, with views for days
• A blank canvas in West Seattle

🏠 Homes We’re Selling

• A spacious Belltown condo with Puget Sound and Space Needle views
• The "Hammer House," an Olson Kundig masterpiece in Madrona
• Second-from-the-end Eastlake floating home
• 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
• Magnolia sunny, corner-unit condo
• Build your dream home on Perkins Lane
• First Light studio
• An Eastlake houseboat and 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: $6.598M Clyde Hill custom estate
• Highest % over asking sale: $1.2M Ballard Craftsman, 21.2% over asking
• Most expensive sale:$21.2M Hunts Point waterfront estate
• Least expensive sale:$205K studio at TOBIRA Condo
• Most popular Seattle listing on Redfin: $1.4M remodeled Craftsman in Ravenna

📰 Must-read real estate news

• Former Microsoft campus near Costco headquarters targeted for housing conversion (PSBJ)
• Washington Equipment Brokers owner sells Lake Sammamish home (PSBJ)
• Hunts Point estate sells in one of WA's largest residential deals of 2026 (PSBJ)

Five slow weeks ahead for new listings!

Seattle: 334 new listings last week, up 3.09% w-o-w
Eastside: 288 new listings last week, down 21.31 % w-o-w

Not many homes are going pending

Seattle: 169 pending last week, up 4.32% w-o-w
Eastside: 115 pending last week, down 17.86% w-o-w

🔥 The hottest new listings

$10M Fox Island Estate with Private Cove and Historic Post Office

$2.395M Custom Modern Home on Queen Anne's West Slope, Now Pending

$2M Green Lake Modern

Check out last week’s market update, Hot weather, cool market

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