Wednesday, December 14, 2011

November Laurelhurst Real Estate Recap

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


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.

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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