Monday ​NW Seattle Real Estate Market Update | November 23rd, 2020

Monday ​NW Seattle Real Estate Market Update | November 23rd, 2020

This week we introduce Sandra’s newest bird Maven! 

She hangs out with us while we chat about last week’s interest rates and NW Seattle housing numbers. 

Curious what your NW Seattle home is worth? 

Visit https://www.brennerhill.com/go/home-value/ for a free market analysis!

Wishing you a very Happy Thanksgiving!

Cheers! -Steve & Sandra

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


“Sandra, is it bring your bird to work week? What’s she doing back there?” – Steve

“Well, you know, it’s me, right, so every day is bring your bird to work day. This is Ms. Maven, she’s a little cutie pie, so yeah, she’s gonna be in our Monday Market Update. She’s making her world debut.” – Sandra

Welcome to week 37 of our Monday Market Update.

Interest rates kind of remained unchanged, for the most part. Jumbo rates came down just a little bit, from 3% last week to 2.875. Conforming, 30-year, 2.75, and for the last seven weeks in a row, 15-year conforming and VA, 30-year fixed were at 2.25, which is still crazy, crazy, crazy cheap money. Inventory levels keep kind of falling. Week by week, they’ve been coming down, this was the lowest we’ve seen it in a little while. Do you wanna go over what the stats are?

I would love to go over Northwest Seattle stats. So, last week, there were 173 homes for sale in Northwest Seattle. There were 34 new listings, 76% of them were vacant, and 53% of those homes had a review date. And then, pending sales, 32% homes went pending, with an average of 13 days on the market. Pending inspection, 14 homes went pending inspection, with an average of 28 days on the market. And homes that closed/sold, 48 homes, that’s impressive, with an average to-market time of 26 days. And then, average price per square foot crept up a bit, to $505 a square foot.

Yeah, that’s actually the highest it’s been in quite a while. And then, last week, we started tracking how many homes had review dates, and, I think, last week, it was 63%, this week, it was what? 53, I think? 53, yeah.

Yeah, so it’s coming down, and we’ve been noticing that, as the market has been kind of slowing down a little bit, we’ve been seeing fewer homes have review dates. Yes, it is slowing down, but it’s still a super, super hot seller’s market. And then, too, if you’re curious what your home might be worth, definitely click below, we are happy to put together a market analysis for you. Never any obligation in chatting with us or meeting with us, Steve and I are pretty easy peasy. I mean, really, how can a girl who has 13 pet pigeons not be pretty easy peasy?

Uh, true.

Have an awesome Thanksgiving, everybody, and stay safe out there.

Thanks guys!

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