March Real Estate Recap
March 2012 proved to be much more of a seller's market with 4 homes sold this March compared to only 1 home sold in March of 2011. Also important to note is that with only one sale last March of $750,000, the average sold price this year almost doubled to $1,265,000! This is very good news for sellers.
In King County the average days on market has significantly decreased which is also occurring in Laurelhurst, with 3 of the 4 pending properties on the market less than 4 days. This coupled with a city wide lack of inventory (down approximately 30%) from last year, gives the sellers an advantage when negotiating.
NEW LISTINGS
Price Range Quantity
$550,000 - $599,999 1
$600,000 - $649,999 1
$650,000 - $699,999 1
$750,000 - $799,999 2
$950,000 - $999,999 2
$1,000,000 thru $1,249,999 1
Total 8
Average Price: $821,062
PENDING INSPECTION
Price Range Quantity DOM*
$950,000 - $999,999 1 5
Average Price: $975,000
PENDING
Price Range Quantity DOM
$550,000 - $599,999 1 2
$600,000 - $649,999 1 3
$650,000 - $699,999 1 3
$750,000 - $799,999 1 122
Total 4 32
Average Price: $649,250
SOLD
Price Range Quantity DOM
$200,000 - $249,999 1 17
$1,250,000 - $1,499,999 1 122
$1,500,000 - $1,749,999 1 89
$1,750,000 - $1,999,999 1 98
Total 4 82
Average Price: $1,265,000
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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