It’s worth repeating — fall can be a great time to be a buyer.

There’s lots of selection (the most homes for sale in 13 years!) and less competition as other buyers focus on the holidays. That combo often means good deals.

Just this past week:

• We helped a client negotiate 7% off an Eastlake condo.
• Another buyer scored over $50,000 in credits on a new townhome.

You don’t know if you don’t try. Write up that low offer and see what happens!

In other news — we found out the hard way that Luma is currently unwarrantable, meaning buyers can’t get conventional financing there right now. That makes it an opportunity for cash buyers or those willing to take on a short-term higher-rate loan while the HOA resolves a garage repair.

Noteworthy deals last week

• Most expensive pending: Medina waterfront at $12.8M
• Highest % over asking sale: Queen Anne Brick Tudor for 20% over
• Most expensive sale: Mercer Island European modern for $25M
• Least expensive sale: Highline condo for $190K
• Most popular Seattle listing on Redfin: Fremont investment property for $499K (again!)

Links

• Former Seahawk Tyler Lockett sells Sammamish home (PSBJ)
• Amazon may lay off 30,000 corporate employees this week, Reuters reports (Seattle Times)
• Real Estate Is Entering its AI Slop Era (Wired)
• This Seattle neighborhood is making a comeback (Seattle Times)

New listings this week

Seattle: 232 new listings last week, down 24.4% w-o-w
Eastside: 156 new listings last week, down 8.2% w-o-w

Homes going pending by the week

Seattle: 188 pending last week, up 7.4% w-o-w
Eastside: 111 pending last week, down 6.7% w-o-w

Eye candy

$1.6M Seward Park midcentury modern

$1.48M Portage Bay floating home

$985K Belltown modern penthouse

$739M Three Tree Point modern cottage with a view

Check out last week’s market update, See the home that went 21% over

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