Monday NW Seattle Real Estate Market Update 📅 October 5th, 2020
Welcome to October! Once again we go over the NW Seattle housing numbers from the past week.
We continue to see phenomenal interest rates. If you or anyone you know is thinking about Buying, we definitely recommend taking advantage of these rates while they’re here.
🏡 Curious what your home is worth in today’s market?
Find out here -> http://bit.ly/38qh6z1
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.
Steve 📲 (c) 206-769-9577 📧stevehill@windermere.com
Sandra 📲 (c) 206-271-7100 📧sbrenner@windermere.com
Hey everybody, welcome to week 30. Interest rates continue to be phenomenal. They’ve actually ticked down a little bit.
So 30 year fixed are 2.625% and 15 year conforming rates 2.125% jumbo rates 2.875%.
So super cheap money. It’s just phenomenal. And Steve, what has been happening in Northwest Seattle?
So last week, there were
245 Homes For Sale
71 brand new listings with a vacancy rate of 69%.
So people are moving out of their houses right during COVID.
Pending sales, 46 homes went pending sales with an average market time of 11 days.
Homes that went pending inspection, 21 with an average market time of 26 days.
44 homes sold with an average market time of 11 days.
And the average price per square foot drop mark just a little bit to 523 dollars per square foot.
Yeah, so this is the sixth week in a row where homes going under contract have not quite kept up with new homes coming on the market. Although we did tick up a little bit last week. So I was basically like at 94% of homes going under contract which is pretty good because it had been kind of averaging right around 90%. So that was kind of nice to see that little tick up and then two, where we are right now in 2020 versus where we were in 2019, we are actually 24% ahead for closed sales.
Unbelievable.
Yeah, it’s just phenomenal. And it’s just you know, it’s the low interest rates that are just fueling everything. It’s a great time to be out there buying I mean your dollar goes a long way. And if you are curious what your home might be worth in our tremendous seller’s market definitely reach out to us just click the information below and we’ll just give you a market analysis. No strings attached we’re pretty easy peasy. Anything to add?
No Sandra, I think you covered it all.
We’re easy peasy.
Now, there’s a link for you guys to click to find out what your home is worth.
Yeah. So enjoy the week.
