We hope you had a great Thanksgiving break! As you can see in the charts below, things were very quiet on the real estate front; last week will likely go down as the third-slowest week of the year. (Only Christmas and New Year’s tend to be sleepier.) BUT, this Normandy Park home had 8 offers and went $800K over.

Even so, we stayed a little busy. We handed the keys to our buyers for a great penthouse at Bellevue Towers and celebrated with first-time buyers who closed on an Eastlake condo, where we negotiated a 7% discount off the last list price.

And since it’s Giving Tuesday, we’ll match any donations made to our local public school, TOPS, or to Mary’s Place. Just forward your receipt by the end of the week, and we’ll match it!

Noteworthy deals last week

• Most expensive pending: Enatai modern at $8.5M
• Highest % over asking sale: Shoreline rambler for 9% over
• Most expensive sale: Admiral craftsman for $5.25M
• Least expensive sale: Bothell condo for $220K
• Most popular Seattle listing on Redfin: Fremont investment property (AGAIN!)

Links

• Seattle hikes building permit fees amid shift in development patterns (PSBJ)
• Why Seattle’s luxury home prices are shooting up even as buyers vanish (Seattle Times)
• Seattle’s Dragon Land is for sale (Seattle Times)

New listings by week

Seattle: 65 new listings last week, down 60.8% w-o-w
Eastside: 31 new listings last week, down 68% w-o-w

Homes going pending by week

Seattle: 124 pending last week, down 24.4% w-o-w
Eastside: 69 pending last week, down 30.3% w-o-w

Eye candy

$1.35M Bainbridge Island legacy cottage

$1.3M Agate Point rustic modern

$1.2M Orcas Island homestead

Check out last week’s market update, $300 off a home? Yep, it’s the season

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