Tuesday, August 10, 2010

July Laurelhurst Real Estate Recap



Thanks to Kim Dales for providing this report:

July proved to be much more active in Laurelhurst than June with 9 new listings and 8 closed properties, 1 of the new listings is a waterfront residence priced at over $7,000,000. The good news is that a property priced at almost $3,000,000 went pending in 14 days! Summer is flying by and I cannot believe we will soon be thinking about back to school and Fall.



New Active Listings as of July 1st


Listing Price Range                   Quantity                 Average DOM (Days on Market)

$550,000 thru $599,999                       1                              5

$650,000 thru $699,999                       1                             24

$700,000 thru $739,999                       2                             22

$800,000 thru $849,999                       1                             27

$850,000 thru $899,999                       1                             30

$1,000,000 thru $1,249,999                 1                             20

$2,000,000+                                         22                            32

Total                                                     9                            24


Summary Price Information

Minimum    $599,900
Average     $1,754,983
Maximum    $7,788,000
Median       $815,000


Pending

Listing Price Range                 Quantity                   Average DOM

$950,000 thru $999,999                     1                                 45

$1,000,000 thru $1,249,999               1                                  2

$2,000,000+                                        1                                 14

Total                                                   3                                 20


Summary Price Information

Minimum  $975,000
Average    $1,723,333
Maximum  $2,995,000
Median     $1,200,000



Sold

Listing Price Range                   Quantity                   Average DOM

$$120,000 thru $139,999                     1                               44

$600,000 thru #649,999                       2                               61

$700,000 thru $749,999                       1                               43

$750,000 thru $799,999                       3                               10

$1,000,000 thru $1,249,999                 1                               26

Total                                                     8                               33



Sold Properties in July (8 Sales)

Minimum   $138,000
Average    $702,125
Maximum   $1,195,00
Median      $740,000


If you have any specific questions concerning the Laurelhurst market, you can reach met at 206-235-7772 or kodales@windermere.com.

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