In the February newsletter, I noted that many sellers seemed to be pricing more conservatively than necessary, likely leading to multiple offers that would push prices higher. Now that the numbers are in, that assessment appears to have been accurate.
Single-family homes in Seattle that sold in under a week averaged 106.8% of their list price. The median list price for these homes was $975,000. A nearly 7% increase in sales price represents a significant gain for sellers who took advantage of this momentum.
Sellers who priced and presented their homes well benefited most when they set an offer review date and exercised patience. Homes that sold within the first three days averaged less than 3% over list price, while those that waited six days saw an average increase of 12.5% over list! The median sales price for homes selling in less than a week climbed to $1,045,000—an increase of $75,050 over February 2024. All signs point to a strong spring market ahead.
As the days grow longer and warmer, consider exploring Seattle from a fresh perspective with a walking tour from the Seattle Architecture Foundation. Our downtown tour highlighted the monumental leaps in construction methods and architectural styles across different eras. It was an immersive way to experience the city as a time traveler, gaining insight into its history—and picking up a bit of legend along the way.
If you need recommendations as you get your home ready for spring, text or call anytime! - Phillip
Featured Properties
Deep Dive into Seattle:
Seattle Architecture Foundation
Seattle is a city of iconic skylines, historic neighborhoods, and cutting-edge urban design, making it a treasure trove for architecture enthusiasts. At the heart of the city’s architectural appreciation and education is the Seattle Architecture Foundation (SAF). This prominent non-profit organization plays a vital role in connecting the public with Seattle’s architectural heritage, fostering awareness, education, and engagement.
Understanding SAF’s Mission
The Seattle Architecture Foundation, established as a 501(c)(3) non-profit, operates with a clear and impactful mission: to enhance public understanding and appreciation of architecture in Seattle. Through a variety of programs, SAF seeks to bring people closer to the buildings and spaces they inhabit, enriching their…
Phillip’s Tidbit
Earlier this month Ensemble had its 2nd annual retreat. This year was at the beautiful Semiahmoo Resort in Blaine, WA. Such a fantastic place! It was great to bond, learn and have some fun with our awesome colleagues and fearless leader.
Thank You for Your
Recent Referral!
This month we give special thanks to:
Rich Merrifield
Dan Kemble
March Home Tips
Our short list of quick tips to keep your home safe and enjoyable. Don’t hesitate to reach out if you’d like any service provider recommendations and for a complete home maintenance checklist.
​​​​​​​Market Stats
Reach out if you would like a customized neighborhood or area report.
