Monday NW Seattle Real Estate Market Update | December 14th, 2020
After a bumpy start to the video, first up this week we talk about our upcoming Virtual Home Selling Seminar in January. Join us if you’d like to learn everything you need to know about the home selling process. Reserve your spot today!
We also talk about Interest rates and the NW Seattle area housing numbers for last week. We are seeing pretty low levels of inventory on the market, which will have an effect on the other metrics we discuss.
Email Sandra at sbrenner@windermere.com
We hope you have a great week!
To get your Zoom link to this information packed seminar visit https://www.brennerhill.com/go/janhomesellingseminar/ or contact Sandra directly at 206-271-7100 or sbrenner@windermere.com.
We understand that it is a confusing time right now. Each Monday, we will be sending out an update based on our experience over the past week to give you the NW Seattle Real Estate Market’s “Temperature”. We are getting real time updates from our Lender each week as well. We want to make sure that you are as informed as we are. Please don’t hesitate to give us a call or shoot us an email if at any point you have additional questions or questions that relate to your specific situation.
𝐴𝑛𝑑 𝑎𝑠 𝑎𝑙𝑤𝑎𝑦𝑠, 𝑖𝑓 𝑦𝑜𝑢 ℎ𝑎𝑣𝑒 𝑎𝑛𝑦 𝑎𝑑𝑑𝑖𝑡𝑖𝑜𝑛𝑎𝑙 𝑟𝑒𝑎𝑙 𝑒𝑠𝑡𝑎𝑡𝑒 𝘰𝘳 𝘥𝘰𝘸𝘯𝘴𝘪𝘻𝘪𝘯𝘨 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
Hey everyone, welcome to week 40 of our Monday market update.
I almost thought I saw a bird flying in your house Sandra. Do you have your window open?
Week 40 of our Monday market update.
Interest rates remain really stable. 2.75 for conforming 2.875 for jumbo and they’ve just been really, really stable for a few months now, which is great for buyers but also what we want to share with you is that we are having our next home selling seminar. January the 21st Thursday evening at 5.30. So just email me, it’s a great opportunity to just learn about the process, you know, we’re not selling you anything, we’re just basically spending a couple of hours with you educating you on the entire process of selling your home. So, Steve, what has happened this last week in Northwest Seattle?
Well, first off inventory is super low. There were 139 homes for sale last week in Northwest Seattle, there were 26 new listings with an average vacancy rate of 81% and 69% of those homes had review dates which was a jump up, I think last week it was in the forties. So, review dates went up . Pending sales, there were 15 homes that went pending sale with an average of 22 days on the market. Homes that went pending inspection, there were 16 of those and they had an average market time of 20 days and then closed sales, 49 homes closed in Northwest Seattle with an average market time of 20 days and then the average price per square foot is hovering over $500 a square foot at $512, so that’s a strong number.
Yeah, I noticed too that more homes that came on the market had review dates and I think part of that is just the low inventory right now and so the market’s kind of picking up again for sellers and this is why we watch the market every single week because it changes. So that’s it, we hope that you all have an awesome week and stay safe.
Thanks everybody, have a great week. We will see you next Monday.
