Monday NW Seattle Real Estate Market Update July 20th, 2020
For week 19, we look at the numbers from last week, the phenomenal interest rates and keybox openings.
It continues to be a hot Seller’s Market in NW Seattle.
The weather finally feels like summer too and we hope you all have a chance to enjoy it.
Curious what your home is worth in today’s market?
Visit http://bit.ly/38qh6z1
Welcome to week 19 of our Monday Market Update, and Seattle continues to be a really great sellers market, and the rest of the U.S. is doing really well as well, which is great to see.
There were a total of 185 homes for sale in Northwest Seattle. There were 60 new listings. 70% of those were vacant. 48 homes went pending sale with an average market time of 15 days. 15 homes went pending inspection with an average market time of 31 days. 36 homes closed with an average market time of 24 days, and the average price per square foot was $506.
Interest rates continue to be great. Conforming 30-year loans, 3.125, conforming 15-year loans, 2.65, super cheap money. And jumbo at 3.25, Housing starts were up in June by like 17%. Last week, the Dow and the S&P were up, the NASDAQ was down a little bit, but that’s okay, and then keybox openings for the week of July 6th through the 12th were up by 31%, which if you remember, over the holiday weekend, they were actually down by 19%, which is, you know, to be expected.
But if you are curious what your home might be worth in our super robust market, definitely reach out to us, no obligation.
We can put together a market analysis and we just want you to stay safe, healthy, wear your masks, and just get out there and enjoy that beautiful weather that we’re experiencing.
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 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. We are always happy to help.
Cheers!
-Steve & Sandra
Steve 206-769-9577 stevehill@windermere.com
Sandra 206-271-7100 sbrenner@windermere.com
