It’s been quiet on the real estate news front. But, it shouldn’t be, we should be talking about mortgage rates hitting three-year lows at 6.17%.

Crazy that we now call 6% low 🤯. But buyers are starting to notice.

We’re seeing more touring activity as people realize there won’t be many new listings for the remainder of this year. Instead, they’re circling back to homes that have been sitting for weeks, and making deals.

Just this week, we helped a buyer lock up a Queen Anne condo well under list price. 💪

On the seller side, we listed an amazing townhouse, and I don’t use that combo of words lightly. Truly great townhomes are rare! Most are crap.

And if you haven’t seen it yet –
🎥 Check out our video tour of the most expensive condo for sale in Seattle.

Noteworthy deals last week

• Most expensive pending: Clyde Hill modern at $6.5M
• Highest % over asking sale: Ballard craftsman farmhouse for 21% over
• Most expensive sale: Kirkland waterfront for $10.15M
• Least expensive sale: Seward Park condo for $218K
• Most popular Seattle listing on Redfin: Ballard MCM for $1.6M (already pending)

Links

• Seattle Tech workers are fueling a real estate rush in the cascade mountains (WSJ)
• Redmond officials put n ew timeline on Microsoft’s HQ expansion (PSBJ)
• Two Seattle classic houses are redone to fit the times (Seattle Times)
• Former Seahawks coach sells newly built Woodinville home (PSBJ)
• Homebuyers are bailing out nationwide, but not as much in Seattle. Here’s why (Seattle Times)
• Redfin reports homebuyers are scoring the biggest autumn discounts since 2019 (Businesswire)

New listings by week

Seattle: 307 new listings last week, up 7.3% w-o-w
Eastside: 170 new listings last week, up 6.9% w-o-w

Homes going pending by week

Seattle: 175 pending last week, down 3.3% w-o-w
Eastside: 119 pending last week, up 13.3% w-o-w

Eye candy

$7.7M Washington Park modern

$4.75M Eastlake floating home

$1.3M Tukwila modern

Check out last week’s market update, See the midcentury that went 27% over

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