December Real Estate Activity Summary

Thanks to Kim Dales for providing us with this neighbor real estate activity monthly summary:


December was very quiet in our neighborhood for both home sales and listings. 3 new listings, one of which went pending and 4 sold with a huge price range of $217,000 on the corner of Sand Point Way and NE 40th (a condo), to a beautiful home for $2,985,000 on Webster Point.

Recapping 2010 in Laurelhurst we actually had a very strong year with a total of 58 homes sold ranging from $138,000 to
$5,400,000 with an average price of $1,131,879 and a median price of $872,500.

In comparing Laurelhurst with King County average cumulative days on market Laurelhurst's average days on market were 59 vs l04 days for King County. The average sales price in King county was $463,000 vs $1,131,800 in Laurelhurst.

The average sales price in 2009 in Laurelhurst was $864,000 vs $1,131,800 in 2010 resulting in a 24% increase from 2009! This increase can be contributed in part to an improving market, and the fact that 7 homes over $2,000,000 were sold in 2010.


New Active Listings as of December 1st


ACTIVE

Listing Price Range                 Quantity           Average DOM*

$500,000 thru $549,999            1                       20
$550,000 thru $599,999            1                       21
$800,000 thru $849,999            1                      13
Total                                         3                       18


Minimum  $550,000
Maximum $833,000



PENDING

Listing Price Range             Quantity            Average DOM

$800,000 thru $849,999       1                              1


SOLD

Listing Price Range             Quantity               Average DOM

$200,000 thru $249,999      1                              53
$600,000 thru $649,999      1                              67
$650,000 thru $699,999      1                            111
$2,000,000+                        1                                 4
Total                                    4                               59


Minimum   $217,000
Maximum   $2,985,000
Average      $1,127,875
Median      $654,750


For questions concerning the Laurelhurst market you can reach me @ 206.235.7772 or kodales@windermere.com.