🏠 New listings skyrocket across Seattle!

Welcome to the Urban Living Weekly, a newsletter from a boutique real estate brokerage keeping your finger on the pulse of Seattle and Eastside real estate.

Wow! New listings were up 27% w-o-w in Seattle and up 50% on the Eastside (see the charts below). This is welcome news for buyers - they now have many more options, so bidding wars should be less crazy. But this is bad news for many sellers who will now have more competition (this is why we recommend that sellers get on the market in February and March!) Of course, the big question is, will buyers still be gung-ho for all these new listings with rates in the mid-7s?

Don’t miss some great new listings below - like the “triangle house” aka the Egan house which I must have driven past a thousand times. I’m curious to see what it sells for.

And next week, stay tuned because we’ve been invited to an event at First Light - they’re going to hoist a McLaren onto their 47th-floor pool deck!?

— Matt Goyer, Land Cook & team

LINKS

• Developer gives update on delayed Avenue Bellevue project (PSBJ)

• Seattle studied dozens of sites for housing growth. These 24 got picked (Seattle Times)

• Kirkland home of Osborne Construction founder put up for sale (PSBJ)

NEW LISTINGS BY WEEK
New listings skyrocket

HOMES GOING PENDING BY WEEK
Will buyers buy all these new listings!?

HOT NEW LISTINGS
Eye candy

THAT’S A WRAP
Here are 2 ways we can help

1. Thinking of buying? Be patient, the home-buying season is just getting started, and you still have lots of time to find your dream home. Need help? Hit reply, we’re happy to help. Or join our next home-buying class.

2. Thinking of selling? We strongly advise selling before Memorial Day when buyer interest for the season typically peaks. Hit reply, we can handle everything start-to-finish.