Urban Living Weekly
Posts
80 offers? Not quite...

80 offers? Not quite...

Matt Goyer
January 29, 2024

The socials were buzzing last week that this Shoreline midcentury received 70-80 offers. In reality, it was 17 (which is still a lot!) But buyers, don’t be too nervous about bidding wars, only 1 in 10 new listings (in Seattle) had offer review deadlines last week.

Here’s what we’ve got for you this week:

Seattle sellers take a breather, buyer activity continues to increase
We negotiated a killer deal for a penthouse buyer
Don’t miss our favorite new listings of the week

We’re trying out a new format for the newsletter! And we’re folding the Eastside data into the Seattle one. Love it? Hate it? Just hit reply 😂.

— Matt Goyer, Land Cook

NEW LISTINGS BY WEEK
Seattle sellers take a breather

Seattle: 198 new listings last week, down 14.6% w-o-w
Eastside: 124 new listings last week, up 7.8% w-o-w

HOMES GOING PENDING BY WEEK
Buyer activity continues to increase

Seattle: 183 pending last week, up 7.5% w-o-w
Eastside: 112 pending last week, up 10.9% w-o-w

OUR TAKE
The market is warming up

Buyers: for buyers, it is nice to finally see some new listings! Only 1 in 10 listings have bidding wars right now, so still pretty chill on that front.

Sellers: for sellers, our recommendation is to list sooner rather than later! With just 1,000 homes for sale in Seattle, inventory is low.

URBAN LIVING’S ACTIVITY
We negotiated a great deal on a penthouse

Nexus has had some larger homes for sale at killer prices for a while now and we just helped a buyer put a penthouse under contract at an unbelievable price. They still have a few left…