🏠 See our new listing that went pending the same day

December has been busy! To our astonishment, on Friday morning, we listed a floating home in Eastlake for $400k; it was pending by dinner! Then, on Saturday, we had our holiday party at the Kraken Community Iceplex, with over a hundred past clients getting photos with a skating Santa.

November data is now in, and the median price of a single-family home in Seattle dropped $10k to $950,000. This is just slightly below spring prices and represents a 3.3% increase compared to last year. Prices remain remarkably resilient.

On the Eastside, the median price for a single-family home is currently $1,620,000. While this is $20k higher than last month and is 2.8% higher than a year ago, it’s still significantly lower than the spring peak of $1,794,000 and much lower than the $1,875,000 seen in spring 2022.

— Matt (and Land, Maggie & Alicia)

LINKS

• Seattle-area housing market sluggish ahead of the holidays (Seattle Times)

• Rainier Beach home goes for 37% over list with 18 offers

• West Seattle home goes for 35% over asking

• Epic train set in photo 34. Comes with a $2.4M house

• High-rises under construction in the 10 largest metro areas in the U.S (X) Seattle is not in the top 10…

• Wellington Farm estate owned by Point B co-founder hits market (PSBJ)

NEW LISTINGS BY WEEK
New listings bounce back after Thanksgiving

HOMES GOING PENDING BY WEEK
Will buyer interest return before the end of the year?

HOT NEW LISTINGS
Eye candy

Last week’s eye candy winner was the Kirkland Jim Olson condo.

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

1. Thinking of buying? We’ve helped hundreds of people find their dream home in the Seattle area. We’d be happy to help you too. Just hit reply.

2. Thinking of selling? Hit reply, we can handle everything from start to finish. And if you’re hoping to sell this year, the time to get going is now!