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– Hello Seattle, this is Christy Kinnaird

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at Seattle Living Spaces,

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coming to you with your weekly
real estate trends report.

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As you all know the governor has issued

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the stay home, stay safe order,

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which basically means all
non-essential businesses

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need to turn off until two weeks

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or other notice.

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And guess what?

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Real estate is a nonessential business,

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and you know what?

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I agree with that.

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I will go on my moral
rant here at the end,

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but you guys are here for the data

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so I’m gonna give you the data.

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Single family houses in the city

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of Seattle over the last week,

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we have 146 people

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who think this was a great week

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to put their house on the market, 146.

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To give you some perspective,

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if you took the number of houses

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that went on the market

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the week of Thanksgiving

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and the week of Christmas
last year and combined them,

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it would still be half as many

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as we had come on this one week

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during a global pandemic

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and statewide shutdown.

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So it was 146 this week,

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229 last week,

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and last year was 242.

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Now during this pandemic,

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my normal office, I can’t go to

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so I’m doing it from the jeep

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until we can resume normal operations,

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which means if you want the pretty graphs

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and charts and the exact data,

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go to seattlelivingspaces.com,

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check out the blog,

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and it’s all right there for you.

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But for the next two weeks at least

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we’re doing it this way.

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We did have 135 people
get houses under contract,

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which makes a little bit more sense to me.

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I actually had an active buyer

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and we were scrambling last minute

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trying to find the right place for him

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before we weren’t allowed to
go out and roam the cabin.

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So that I understand a little bit more.

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It was 135 this week,

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152 last week and 140 last year.

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So even in a global pandemic

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the Seattle real estate market

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is almost as robust as it was last year,

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which is crazy.

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And at this exact moment in time,

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in the city of Seattle,

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we have 626 houses for sale.

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Last week it was 657.

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Last year 959.

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We’re running at about 65%.

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The total number of available properties

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for sale that we had
this same time last year,

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and it’s kind of been that way

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since the beginning of 2020.

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Now here’s a fun metric

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that I don’t always talk about.

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We are gonna layer in,

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at least during this pandemic,

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canceled and temporary
off the market listings.

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So a canceled listing is a
seller who had their house

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up for sale and decided
for whatever reason

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to pull it off before the end
of their listing contract.

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And you know that happens,

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I’d say I see two to five of those a week

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in the city of Seattle.

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This week we had 30.

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Last week we had 19.

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And I haven’t been, like I look at this,

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but it hasn’t been in my spreadsheet.

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So now it’s in my spreadsheet,

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but as real estate environments change,

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the metrics that are kind

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of more interesting or
more important change,

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so, you know, I can’t do it all kids,

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but I’m giving it my best shot.

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And then we have temporary off the market,

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which means that you go off the market

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for a minimum of seven

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and a maximum of 45 days.

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And typically people use this for

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like if there was a family emergency,

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or the week of Christmas,

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or the week of Thanksgiving.

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Or if they wanna do some improvements

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and or repairs on the property

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and they don’t want people
seeing it mid project.

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And, again, normally I see

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like three to five of those a week.

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We have 44, 44 houses go temporary

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off the market this week

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versus 13 last week,

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versus four the week before.

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And that’s a great idea.

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I’m going get into it in a minute

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why I think that now is not the best time

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to have your house on the market,

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but we’ll get into that
when we talk about condos.

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So, speaking of condos,

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wow, 73 condos came on
the market this week

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versus 97 last week and 96 last year.

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But only 22 condos went pending.

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So apparently condo buyers are not nearly

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as eager to be out dancing

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in the middle of a pandemic

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as house buyers are, right?

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So 22 this week, 26
last week, 45 last year

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were the number of condos

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that people got under contract.

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At this exact moment in time

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in the city of Seattle

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we have 385 condos for sale.

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Last week it was 382.

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Last year 545.

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So, again, last year
we’re seeing 30 to 35%

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more total properties for sale,

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and it has been that way all of 2020.

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And for the canceled,

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canceled condos, I see like one, two,

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maybe three a week.

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It was 15 this week.

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And temporary off market,

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which I almost never see for condos,

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was also 15 this week.

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So speaking of condos,

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the Seattle Real Estate
office was in a condo,

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a sweet, sweet condo

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in the heart of downtown Seattle

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with 16-foot ceilings, exposed brick.

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It’s seriously like a once in a lifetime,

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super sexy amazing condo,

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and I was all scheduled to put
it on the market on Tuesday,

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and guess what I didn’t do?

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I didn’t put it on the market,

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and here’s why.

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I care more about a
safe and healthy Seattle

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than I care about a
robust real estate market

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in this exact moment.

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We can’t have a robust real estate market

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without a robust Seattle.

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So I consider, because
I’m a real estate agent,

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I thought it would be
professionally negligent

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to bring on this once in a lifetime condo

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because people might be inclined

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to break the governor’s rules

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and get out and see it.

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So I am going to wait to bring

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this once in a lifetime
condo up on the market

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until the governor has lifted
the stay at home orders

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because I’m keeping my butt at home,

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or my butt in the car,

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in the jeep at my home

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until we’re suggested to go back out

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because I care about Seattle.

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And this is bigger than me

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and my silly little condo,

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or even our real estate market.

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We’re not, real estate
market hasn’t closed,

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but we really should be pausing.

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So that is kind of my soapbox,

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and I will get down off of it.

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But we have a more,

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we have a more,

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the real estate market this week

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was more robust than

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the weeks of fourth of July,

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thanksgiving and Christmas combined,

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which I think is pretty crazy.

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And I’m hoping that next week,

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once we’ve had a full week

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to settle into this stay at home order,

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I’m gonna have a lot fewer numbers

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to report to you,

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but either way, cheers
ladies and gentleman.

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Thanks for tuning in.

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And I will see you next week.

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(upbeat music)