Puget Sound luxury
market insights.
Last updated: May 30, 2026
Data-driven analysis of the luxury real estate market across Bellevue, Seattle, Kirkland, and Redmond. Updated regularly to reflect current conditions.
What the data
is telling us.
Inventory Remains Tight
Luxury inventory on the Eastside continues to be limited. Well-priced waterfront and golf course properties are receiving multiple offers within days of listing.
Interest Rates Stabilizing
After a period of volatility, mortgage rates have stabilized in the mid-6% range for conventional loans. Jumbo rates remain competitive for qualified buyers.
Waterfront Premium Holding
Lake Washington and Lake Sammamish waterfront properties continue to command significant premiums, with limited new supply entering the market.
Tech Sector Stability
Major tech employers continue expanding in the region, supporting housing demand across all price points. Corporate relocations remain a significant demand driver.
New Construction Activity
Custom home construction in premium neighborhoods remains active, with buyers willing to wait 12-18 months for a home built to their specifications.
Condo Market Growing
Urban luxury condos in Bellevue and Seattle are seeing increased demand from downsizers and young professionals seeking walkable, low-maintenance living.
Market statistics are based on available MLS data and may not reflect all transactions. Actual values vary by property, condition, and location. For a personalized market analysis of your property, contact Gregory directly.