This past week in NW Seattle, Buyer activity kept up with new listings coming on the market. However, the previous week we had 50 new listings, but only 27 homes went under contract. Still, inventory levels remain on the low side, which is good news for Sellers because lower inventory levels keeps supply and demand in balance, which means helping to maintain home values.
Similar in SW Snohomish, new inventory coming on is just slightly out-pacing buyer demand. Brokers are also feeling pretty optimistic in SW Snohomish County as 50% of new listings this past week had review dates. Brokers in NW Seattle are not quite as optimistic as our neighbors to the north, as we’ve averaged 30% of new listings with review dates in the past two weeks. For Sellers in NW Seattle, the number of listings selling above their list price has been going up. Another bright spot for both Buyers and Sellers is that interest rates have been steadily coming back down from their recent heights in early March.
As most of you know, Steve and I are all about planning and having a process in place. If you are thinking about selling this fall, winter or next spring, and you have a beautiful garden that will look fabulous this summer, but not when you are wanting to sell, let’s get your garden photographs this year! We did this with our new Broadview listing. We took the exterior and drone shots last summer when the garden was at its most beautiful. The garden on this home is one of its main features and in order to best serve the Sellers, we knew getting garden shots early was a must. Check out their beautiful garden – https://www.brennerhill.com/property/broadview/
Northwest Seattle Real Estate Market Activity
| During the Last 2 Weeks: | Previous 2 Weeks: |
| Inventory – 136 | Inventory – 122 |
| New Listings – 84 | New Listings – 63 |
| Under Contract – 64 | Under Contract – 69 |
| Sold – 55 | Sold – 70 |
| Price per Sq/Ft – $567 | Price per Sq/Ft – $587 |
-Steve & Sandra
𝐴𝑛𝑑 𝑎𝑠 𝑎𝑙𝑤𝑎𝑦𝑠, 𝑖𝑓 𝑦𝑜𝑢 ℎ𝑎𝑣𝑒 𝑎𝑛𝑦 𝑎𝑑𝑑𝑖𝑡𝑖𝑜𝑛𝑎𝑙 𝑟𝑒𝑎𝑙 𝑒𝑠𝑡𝑎𝑡𝑒 𝑞𝑢𝑒𝑠𝑡𝑖𝑜𝑛𝑠, 𝑓𝑒𝑒𝑙 𝑓𝑟𝑒𝑒 𝑡𝑜 𝑐𝑎𝑙𝑙/𝑡𝑒𝑥𝑡 𝑢𝑠 𝑎𝑛𝑦 𝑡𝑖𝑚𝑒! 𝑊𝑒’𝑟𝑒 𝑎𝑙𝑤𝑎𝑦𝑠 ℎ𝑒𝑟𝑒 𝑡𝑜 ℎ𝑒𝑙𝑝!
Steve 📲 (c) 206-769-9577 📧stevehill@windermere.com
Sandra 📲 (c) 206-271-7100 📧sbrenner@windermere.com
🔗 Brennerhill.com
Windermere Real Estate /FN
