Thursday, September 6, 2012

July Laurelhurst Real Estate Summary

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


 

 July Laurelhurst Real Estate Report

What a difference a year makes! Although city wide we have seen a sharp decline in home listings, July 2012 had 100% more listings than July 2011 in Laurelhurst: 6 vs 3.

The average price of new listings was significantly higher for both active and pending sales.  July 2011 had only 3
pending sales last year versus 10 in 2012. Regarding sold prices there were 3 last July versus 5 this year.  But the average sold average price was down from $1,545,000 in 2011 to $1,050,000 this July.  The absorption rate this month was only 24 days which is great news.


NEW LISTINGS
Price Range                         Quantity
$550,000 - $599,999             1
$700,000 - $749,999             1
$1,250,000 - $1,499,999       1
$1,500,000 - $1,749,999       1
$2,000,000+                          2
Total                                     6
Average Price: $1,993,983


CONTINGENT
Price Range                         Quantity      Average DOM*
$950,000 - $999,999             1                  37
Total                                     1                  37
Average Price: $990,000


PENDING INSPECTION
Price Range                        Quanitity    Average DOM*
$950,000 - $999,999              1                   15
$1,000,000 - $1,249,999        1                   26
Total                                       2                   21
Average Price: $1,022,500


PENDING                   
Price Range                           Quantity           Average DOM
$600,000 - $649,999                2                          7
$650,000 - $699,999                1                          6
$750,000 - $799,999                2                        48
$800,000 - $849,999                1                          2
$900,000 - $949,999                1                          7
$1,250,000 - $1,499,999          1                          5
$1,500,000 - $1,749,999          1                          4
$1,750,000 thru $1,999,999     1                       295
Total                                       10                       43
Average Price: $1,003,795


SOLD
Price Range                       Quantity            Average DOM
$550,000 - $599,999             1                        25
$600,000 - $649,999             1                         5
$750,000 - $799,999             1                         2
$800,000 - $849,999             1                         7
$2,000,000+                          1                       79
Total                                     5                         2
Average Price: $1,050,000


If you have any specific questions concerning the Laurelhurst market you can reach me at 206.235.7772 or at kodales@windermere.com.


 
 

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