Each person that buys a house has one driving factor, and one non-negotiable. Some people MUST have 2 bathrooms, some people MUST have off-street parking, and for Grace and Mike, they MUST buy a house in a very specific elementary school district.
Just like most first-time buyers, Grace was nervous about the process. In looking over the last 6 months of sales of houses in this exact school district, not a lot of homes had come up for sale in our price range. I knew it was going to be a bit like finding a needle in a haystack, but I love a good challenge and Grace and Mike were prepared to be along on the hunt for as long as it took to get a house in this area.
Well it did NOT take long. Our first week of “real house-hunting” (meaning we had gotten our loan approval done and knew exactly what we could and would want to spend), we found the house.
Imperfect in all the right ways! It was in our desired school district. It had 3 bedrooms AND a bonus room. It even had a shed out back that would make a great place for Grandpa to hang out in. And it was under our budget!!!
So we did it! We put in an offer (the house had only been on the market for 2 days!), and our offer was accepted. Our inspections found some pesky sewer line issues, and we even got the sellers to help us pay for those repairs. It really was a great experience for everyone involved. Grace and Mike get to do cosmetic updates to make the house their home, and Xavi gets to go to his perfect new school.
Congrats family! I can’t wait to see the house once you have done your updates and gotten settled in <3.
The BIG NEWS this week is that both houses and condos saw a decline of the total number of properties available for sale in Seattle, and the existing supply of homes and condos for sale continues to age.
I do like that we have fewer homes and condos for sale this week. And since we have had a full year now in this “new” real estate market, I decided to layer in one more set of data points for us to track. This week we introduce the number of properties that have been canceled (taken off the market by the sellers), have expired (the term of the listing contract has come to an end), or sold. Up until about a year ago, almost no homes were cancelled or expired, and we saw 48 homes cancel and 16 homes expire last week alone!
And I promise to bring back the weekly video next week!
These final few weeks of the end-of-summer slump are offering pretty boring news. Almost all numbers are holding steady, and we are finally seeing similar numbers not only week to week, but also when compared to this time last year.
Until a few weeks ago, we were seeing double the number of new listings when compared to 2018 and half as many pending listings. We are still seeing 5-10% more new listings this year than last year, and fewer homes pending.
In really interesting news, this was a big week for condos. We saw a few more new listings than last week (but less than we had this time last year), but the number of pending condos jumped up, and therefore so did our absorption rate. Condos are such an emotional roller coaster, because their metrics fluctuate much more often and with a wider swing than single family homes do.
Hang tight. Should be a few more boring weeks and then we can expect activity to pick back up after the Holiday weekend.
You can have the best of both worlds. Relax after work on your commute home on the West Seattle water taxi. Open the doors to your fresh, bright and modern townhouse. In a central location, yet tucked behind the street, this townhouse both draws you in and encourages you to go out.
Invite friends over for a delicious meal in your open kitchen, or host a movie night in the over sized second living room. Let the sunshine and vibrant beach scene draw you out to Alki. You are less than a mile from the best of the beach, with coffee, donuts, dining or adventure at every turn.
End each day and start each morning in the spacious master suite. From the walk in-closet, to the heated floors in the bathroom, this space feels luxurious. Step out on to your private patio that has sweeping views of the Seattle skyline and the Sound. The remote controlled curtains in the master bedroom allow you to let the light in without ever stepping foot out of bed.
Who said you can’t have the best of city life while still living that beachy and relaxed lifestyle? They obviously never met THIS home.
Why I LOVED Living Here:
– Since we are set back from the street, it is surprisingly quiet here.
– Laying in bed and watching the ferries go by.
– Air Conditioning. Seriously. I’m never living without it again.
– This home has a surprising amount of storage and big closets.
– Quick walk to the water taxi. It is the best commute EVER!
– The main level was great for hosting. Friends loved coming over for dinner then taking a walk down to the beach.
Not much major going on. A few less houses, and a few more condos. Absorption rates ticked up this week. But the biggest news is still our aging inventory. More and more and more and more condos and houses are experiencing longer and longer market times.