Monday NW Seattle Real Estate Market Update | June 28th, 2021
It sure is π₯HOTπ₯ out there and we’re not just talking about the weather! Steve was pleasantly surprised to have quite the turn out for his open house over the weekend. That tells us that Buyers are out in force! That’s great news for Sellers!
As always, we review the NW Seattle area housing π numbers over the past week. One thing we found interesting is that homes priced over π° $1,000,000, on average, sold for significantly over asking price. More so in fact, than those priced under $1,000,000.
βIf you’ve been thinking about selling your Seattle home, click to find out what your home is worth in our HOT market!
π‘ Click here for your home value. We will email you a free Market Analysis Report for your home.
We hope you enjoy your very sunny week and holiday π§¨π weekend!
-Steve & Sandra
π΄ππ ππ πππ€ππ¦π , ππ π¦ππ’ βππ£π πππ¦ πππππ‘πππππ ππππ ππ π‘ππ‘π ππ’ππ π‘ππππ , ππππ ππππ π‘π ππππ/π‘ππ₯π‘ π’π πππ¦ π‘πππ! ππ’ππ πππ€ππ¦π βπππ π‘π βπππ!
Steve π² (c) 206-769-9577 π§stevehill@windermere.com
Sandra π² (c) 206-271-7100 π§sbrenner@windermere.com
Video Transcript:
Welcome to week 68 of our Monday market update and I have to tell you, my open house event was hot and I don’t mean temperature wise, I mean traffic. I thought that the three hour open house event that I held yesterday would be just quiet, crickets, but it was not. For the first two hours, I was slammed with home buyers just telling me that it’s still a super strong sellers market.
So speaking of hot, we had 54 homes closed last week and 72% closed for over their list price for an average of 111% of the asking price. But what I noticed was how much more homes that were listed near or above a million dollars sold over asking than less expensive homes. Their average was nearly 115% versus 108% for homes under a million dollars. I had noticed that last week, but hadn’t really dug into the numbers. Inventory levels are definitely up this week. I think people were probably pushing to get their homes on the market this past week because of the upcoming holiday that we have this week.
We currently have 185 homes in Northwest Seattle, which is the highest weekly inventory number we’ve had since right before Memorial weekend, when inventory levels had jumped up and then came back down. This past week, we had 87 new listings. We had 57 go pending with the vast majority, 82% going under contract in nine days or less. We had nine homes go pending inspection and their average days on market were 22. So going back to homes that closed, we had 9% that’s sold under asking for an average of 94.3% of their list price and their average days on market were 17. They ranged anywhere from 10 to 34 days, which really isn’t a long time, but that’s a pretty big difference from homes that we’re selling faster.
The bottom line is the longer your home lingers on the market with that for sale sign out front, the less it’s gonna sell for from its original list price. So, if you’re curious what your home is worth, in today’s super hot, hot sellers market, click on the link. Also, don’t forget to like and subscribe to our channel.
Have an amazing 4th of July weekend, everybody.
