Brenner | Hill Real Estate
Monday NW Seattle Real Estate Market Update | January 11th, 2021
Last week was our first full week of 2021. We start this update off by checking in on interest rates (still phenomenal). And we continue to discuss the usual NW Seattle area numbers.
βHave we mentioned itβs a HOT Sellerβs Market?
We are also excited to talk about our newest downsizing workshop!
Housing Options When Downsizing | Thursday, Jan 28th @5:30PM on Zoom.
Click here to register.
If you or anyone you know is thinking about Downsizing in the future, this free workshop can be the first step in thinking about what your options are. We hope to see you there!
Thinking of Selling your home in the future? There is also still time to sign up for our
Virtual Home Selling Seminar | Thursday, Jan 21st @5:30PM
Click here to register.
Or if you prefer, you can contact Sandra directly in order to register for either online seminar, or both!
Cheers! β Steve & Sandra
Steve π² (c) 206-769-9577 π§stevehill@windermere.com
Sandra π² (c) 206-271-7100 π§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 Marketβs βTemperatureβ. 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 donβt 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.
π΄ππ ππ πππ€ππ¦π , ππ π¦ππ’ βππ£π πππ¦ πππππ‘πππππ ππππ ππ π‘ππ‘π π°π³ π₯π°πΈπ―π΄πͺπ»πͺπ―π¨ ππ’ππ π‘ππππ , ππππ ππππ π‘π ππππ/π‘ππ₯π‘ π’π πππ¦ π‘πππ! ππβππ πππ€ππ¦π βπππ π‘π βπππ!
Video Transcript:
Hey everybody, welcome to week 44 of our Monday Market Update. And this is the first full week in January. I think weβre off to a pretty good start. As you know, we will be watching the year week by week to see how things progress. Thatβs how we spot trends. But interest rates remain phenomenal. 30 year fixed, 2.75%, 15 year fixed, 2.125%, crazy low money. And jumbo has ticked up just a tad at 3%. And then, so Steve, what has happened in Northwest Seattle real estate?
So last week in North Seattle, there were a total of 110 homes for sale. There were 32 new homes, 78% of those were vacant. 18 had a review date, which was 56% of homes had a review date. Pending sales, nine homes went pending for an average market time of 23 days. And nine homes went pending inspection, for an average market time of 49 days. And 33 homes closed in Northwest Seattle with an average market time of 29 days. And then I think the average price-per-square-foot dropped just a little bit to $480 a square foot. So overall, not bad.
No, yeah, and it will be interesting to watch it week by week. So this first full week in January, homes going under contract did not keep up with homes coming on the market. But thatβs kind of to be expected. Buyers are just starting to come back into the marketplace. So that should increase as the year ticks on.
But also, we have a super cool seminar coming up at the end of January. It is Thursday, the 28th at 5:30 p.m. And it is Housing Options When Downsizing. I think that title pretty much covers it. Weβre gonna talk aboutβ¦ I think it was a pretty descriptive title. We are going to cover your housing options when downsizing.
So weβll talk about 55 and over communities, and tell you about those communities and the pros and cons. Iβll talk about condominiums, whether thatβs the right option for you. And of course, if you wanna stay in your own neighborhood, what are the options for you? So anyhow, it should be a lot of fun, itβs very interactive. So definitely bring your questions. And if youβre interested, just send me an email (sbrenner@windermere.com), and we will get you on the list and get you that Zoom link. I think thatβs it.
Have a great week, everybody
