Monday, April 11, 2011

March Laurelhurst Real Estate Summary

Thanks to Kim Dales for providing us with this neighborhood real estate activity monthly report:

Welcome to spring. Almost as predicted the Market started heating up in March with 9 homes entering the marketplace and 5 of those homes going Pending after only a few days on the market. This increase in activity is fairly typical for this time of year, but we are even seeing some multiple offer situations which is promising.

Sellers appear to be pricing their homes to sell, not to sit, which is reducing average days on the market.

One home on the corner of NE 47th and 48th Ave NE is back on the market due to buyer financing issues. The short sale property on 47th Ave NE continues to be pending.

April will continue to see more homes coming on the market with hopefully the same interest level that was demonstrated in March. Interest rates continue to be extremely attractive.

Don't miss the beautiful cherry blossoms on 48th Avenue NE. (see photo above)

New Active Listings  March 1st thru March 31st


Listing Price Range            Quantity      Average DOM*

$550,000 thru $599,999           1                        18
$750,000 thru $799,999           1                         27   
$2,000,000+                              2                         21
TOTAL                                    4                         22

Minimum  $550,000
Maximum  $4,250,000
Average    $2,219,500
Median      $2,039,000


Listing Price Range            Quantity      Average DOM

$800,000 thru $849,999           1                      4
$950,000 thru $999,999           1                      3
TOTAL                                    2                       4

Minimum  $849,000
Maximum  $990,000
Average    $919,500
Median      $919,5000


Listing Price Range          Quantity      Average DOM

$750,000 thru $799,999           1                 0
$850,000 thru $899,999           2                 38
$950,000 thru $999,999           1                 141
$1,250,000 thru $1,499,999     1                  4
TOTAL                                     5                 55


Listing Price Range              Quantity    Average DOM

$750,000 thru $799,000             1               29

If you have any specific questions concerning the Laurelhurst market you can reach me at 206.235.7772 or

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