West Seattle residential prices trended down in July. It’s a pretty big drop Month over Month from June, but not far off last year. We typically see a slow down in activity and prices in the latter half of summer. The drop off is likely attributed to more homes selling in the mid tier price ranges. 30 homes sold for between 700-800k. A lot of those were the ADU/DADU models. Also, we didn’t see as many competitive offer situations as did in the early spring (where escalating offers can drive median up 10-15%).

Seattle is notorious for a big summer slow down. And all you have to do is look outside to understand way: what a spectacular summer it’s been! It’s so beautiful here, we have a short summer relative to most of the rest of the country, and August is where everyone gets that last getaway in, whether it’s crabbing on Hood Canal, catching up with family, or travel abroad.

Market summary featuring June stats and the first half of the year.

How can they build that?

Understanding the spring market!

Market Snapshot April 2024

Recently I had the opportunity to assist my daughter with buying a condo which was really fun. Since then I have helped quite a few of her friends buy their first homes as well

March stats are in for the West Seattle real estate market.