š Rates Hit a Monthly Low Ahead of The May Inventory Surge
Here is What You Need to Know This Week
Rate Relief: Mortgage rates have hit a 4-week low, offering buyers some welcome relief. Can we get back to 6% in time for May?
The May Surge: Things are momentarily quiet as local schools wrap up spring break, but donāt let the lull fool you. We anticipate a 25%+ increase in new listings come May.
The Park Row Premium: Park Row, the only high-rise condo on the horizon, is guiding west-facing units between $2,500ā$4,000/sq. ft. For context, while Avenue penthouses hit $3,000 per square foot back in 2024, the broader market has rarely seen closings above $2,000/sq. ft. since then. We have tons of info on Park Row. Hit reply if you want the download. Sales start soon.
The Sellerās Clock: We are officially in the "peak" of the season. Sellers looking to capture the highest volume of buyer activity have about 2 months left to get in front of buyers.
On the Move: Our Recent Wins
Itās been a busy few weeks helping our clients navigate everything from international relocations to Airbnb deep dives.
Strategic Win in the Central District: We scored a wide townhome for our client, swooping in just as they were doing a price drop.
New to the Neighborhood: After just two weeks of touring Seattleās diverse pockets, we found the perfect Queen Anne condo with stunning views for a client relocating to the city.
The Virtual Investor: Weāre helping an out-of-state client, managing all virtual inspections and local logistics for their investor in an Airbnb.
Still Available: Our Central District home with an amazing $100K backyard is still looking for its match! Reach out for details or a private tour.
šæ Our Latest YouTube Video
š Listings that caught our eye last week
- Most expensive pending: Woodinville estate at $4.9M
- Highest % over asking sale: Vashon cabin for 36% over
- Most expensive sale: West Bellevue craftsman for $4.5M
- Least expensive sale: LQA co-op for $210K
- Most popular Seattle listing on Redfin: Montlake craftsman for $1.15M
š° Must-read real estate news
- Final 46 homes hit the market at Snoqualmie Ridge (PSBJ)
- Historic Seattle office building acquired, with plans for artist lofts (PSBJ)
- Where different generations cluster across Seattle neighborhoods (Seattle Times)
Three more weeks until new listings skyrocket?
Seattle: 363 new listings last week, up 1.4% w-o-w
Eastside: 271 new listings last week, up 12% w-o-w
Seattle Buyer Activity Hits 2026 Peak
Seattle: 216 pending last week, up 13.1%% w-o-w
Eastside: 126 pending last week, up 6.8% w-o-w
š„ The hottest new listings
$3.3M Edmunds midcentury modern
$2.1M Mercer Island midcentury modern
$1.8M Queen Anne northwest modern
Check out last weekās market update, Market Update: Surges While Prices Cooling?
And donāt miss our next update, sign up for our weekly newsletter.
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