Tuesday, January 17, 2012

Laurelhurst Real Estate Recap Of 2011

Thanks to Kim Dales for providing us with this neighborhood real estate recap of 2011:

 Real Estate Recap 2011

As we welcome the new year I wanted to provide everyone with a statistical overview of real estate activity in Laurelhurst over the past 13 months.

The following graphs in a nutshell represent a comparison of number of homes sold, listed, days on market, price per square foot and average price of sold homes:
  • April 2011 had the highest number of sold homes (12)
  • June had the highest number of homes on the market (22)
  • Volume of sales were down from 2010 by 50%
  • Average price per square foot was down 14.9%
  • Average days on market were down 40.4% which is a positive indicator that buyers are interested in
  • purchasing in Laurelhurst
  • Average sold price was down 12.5%
As we enter into 2012 the improved national jobless rate paired with continued historically interest rates should result in a healthier real estate market. There was a home listed in Laurelhurst in mid December that was on the market less than 12 hours before it received an offer, very close to the asking price, and another home that had 2 offers on Christmas Eve and is now pending. All predictors of a healthy 2012.

I wish all of you a very Happy New Year. If you have any questions regarding the overview of the market please feel free to contact me at 206.235.7772 or kodales@windermere.com.

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