November brought beautiful fall colors and too much rain, but as you can see from my charts below, we had five new listings in Laurelhurst, fiour homes and one townhome/condo in Laurel Estates. Two out of these five went under contract by the end of the month!
Last year in November there were no new listings. One can surmise that the current market with historically low interest rates may be a factor in both listings and sales. Pending days on market also decreased significantly from November 2010, to November 2011 from an average of 48 days on Market to an average of only 23 this November.
Hopefully the reduction in our national jobless rate, and continued low interest rates will continue to keep our market strong. Last year in November there were no new listings. One can surmise that the current market with historically low interest rates may be a factor in both listings and sales. Pending days on market also decreased significantly from November 2010, to November 2011 from an average of 48 days on Market to an average of only 23 this November.
I will be posting an end of the year market review with my 2012 predictions the end of December. Wishing everyone a Happy Holiday season.
New Listings
Price Range Quantity
$750,000 - $799,999 2
$800,000 - $849,999 1
$850,000 - $899,999 1
$1,5000,000 - $1,750,000 1
Total 5
Average Price: $967,800
Pending Inspection
Price Range Quantity Average DOM*
$850,000 - $899,999 1 34
Pending
Price Range Quantity Average DOM
$750,000 - $799,999 1 13
$850,000 - $899,999 1 8
$1,250,000 - $1,499,999 1 48
Total 3 23
Average Price: $1,010,000
Sold
Price Range Quantity Average DOM
$800,000 - $849,999 1 16
$1,250,000 - $1,499,999 1 23
Total 2 20
Average Price: $1,134,000
If you have any specific questions concerning the Laurelhurst market you can reach me at 206.235.7772
or kodales@windermere.com.
*DOM = Days on market
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