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Hello! It seems impossible that we are already in mid-July and in the throws of summer weather that we often don’t experience in Seattle.
We have had an interesting year so far. The tease and promise of the Federal Reserve lowering the interest rate didn’t happen and mortgage rates were stubborn — staying in the mid 7% range and headed towards 8% in March. This tempered our usual spring frenetic market.
The number of houses for sale was well below the ten-year average, so the best houses in the price range where the majority of home buyers are searching can still be quite competitive. But some other markets — specifically high-end in-city homes and downtown condos are suffering through longer market times and waning prices.
What does the prediction for fall of 2024 look like? The inflation numbers, jobs numbers and mortgage rates, as well as political headwins will be watched closely by all. We all await some evidence of momentum and I believe that we’ll see a market poised for higher activity the moment significant interest rate reductions occur.
My work is never boring, or without challenges. I look forward to connecting with you soon just for an update or to discuss your next move. Below is a review of the first half of 2024’s memorable moments.
Thank you for your business and referrals!
Broadmoor – Active Listing
List Price: $6,900,000
5 Bedrooms | 4.25 Baths
*Representing Seller
Laurelhurst – Active Listing
List Price: $3,195,000
5 Bedrooms | 3 Baths
*Representing Seller
Beacon Hill – Pending Sale
List Price: $699,900 | Pending Price: $732,500
3 Bedrooms | 3 Baths
*Representing Seller
Capitol Hill
List Price: $995,000 | Sold Price: $1,035,000
3 Bedrooms | 1.75 Baths
*Representing Seller – co-broker Lilly Milic
Interbay
List Price: $745,000 | Sold Price: $735,000
2 Bedrooms | 1.75 Baths
*Representing Buyer
Queen Anne Condominium
List Price: $428,000 | Sold Price: $428,000
1 Bedroom | 1 Bath
*Representing Seller
Matthews Beach
List Price: $1,700,000 | Sold Price: $1,650,000
5 Bedrooms | 3.25 Baths
*Representing Buyer
Laurelhurst
List Price: $4,695,000 | Sold Price: $4,630,000
4 Bedrooms | 3.25 Baths
*Representing Buyer
Broadview
List Price: $1,195,000 | Sold Price: $1,212,500
3 Bedrooms | 1.75 Baths
*Representing Seller – Co-broker Lilly Milic
Bellevue Condominium
List Price: $1,225,000 | Sold Price: $1,200,000
3 Bedrooms | 2.5 Baths
*Representing Seller
Broadview
List Price: $945,000 | Sold Price: $1,165,000
3 Bedrooms | 1.5 Baths
*Representing Buyer
Capitol Hill Condominium
List Price: $325,000 | Sold Price: $315,000
1 Bedroom | 1 Bath
*Representing Seller – co-broker Danielle Lamp
Wallingford Condominium
List Price: $350,000 | Sold Price: $350,000
1 Bedroom | 1 Bath
*Representing Seller
cell: 206-650-6346
office: 206-527-5445
tmarson@windermere.com
www.tamarashomes.com
