October was a solid month in Laurelhurst. 6 new listings/price reductions, 4 pending and 3 solds. Unlike many other NE Seattle neighborhoods Laurelhurst days on market are excellent at an average of 31 days. Interest rates continue to remain low. One of my clients just refinanced their home with a 15 year fixed mortgage @ 3.375%.
I know I am very focused on oil tanks, due to a recent leak I have been involved with, but if you are contemplating a change from oil to gas and mention my name, Tanks by Dallas will reduce any decommissioning of your tank by 10% until the end of the year. Their phone # is 206.365.0291. The term decommission typically means that the existing tank is filled or washed out and capped. This usually runs $600-$700. It is not necessary to remove your tank unless an oil leak is identified.
As I mentioned in a previous blog entry, if you tank is original to your property there is a high probability that it could be leaking so please make sure you are insured wilt PLIA the Pollution Liability Insurance Agency.
New Listings
Price Range Quantity
$650,000 - $699,999 1
$850,000 - $899,999 1
$1,250,000 - $1,499,999 1
$1,500,000 - $1,749,999 1
$2,000,000+ 2
Total 6
Median Price: $1,545,000
CONTINGENT
Price Range Quantity Average DOM*
$1,250,000 - $1,499,999 1 38
Median Price: $1,385,000
PENDING
Price Range Quantity Average DOM
$450,000 - $499,999 1 95
$850,000 - $899,999 1 20
$1,000,000 - $1,249,999 1 40
$1,500,000 - $1,749,999 1 122
Total 4 59
Median Price: $895,000
SOLD
Price Range Quantity Average DOM
$550,000 - $599,999 1 52
$600,000 - $649,999 1 15
$900,000 - $949,999 1 25
Total 3 31
Median Price: $640,000
If you have any specific questions concerning the Laurelhurst market you can reach me at 206.235.7772 or kodales@windermere.com.
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