Wednesday, October 3, 2012

August Laurelhurst Real Estate Summary

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

August Laurelhust Real Estate Report

August 2012 culminated in 7 sold and closed homes, last August there were no closings!  Year to date in the Greater Seattle real estate market our prices have increased 6%.

Amazingly there was only one new listing in August and this was a re-list of a previously listed property on NE 41st Street. There were also two Short Sale properties that went pending with an average days of market of 65. With a short sale the bank must approve the amount and many times comes back to the buyer asking for an increase in the purchase price. These sales can take an extremely long time to close sometimes up to 4-6 months so the buyer must be very patient.

I predict that September will see an up-click in listings especially if the weather holds.

If you have any questions regarding sold or listed homes in our neighborhood feel free to call  me at 206.235.7772 or email at

Price Range                      Quantity
$700,000 0 $749,999           1
Total                                    1
Average Price: $729,000

Price Range                      Quantity          Average DOM*
$550,000 - $599,999          2                             65
Total                                   2                            65

Average Price: $579,975

Price Range                        Quantity            Average DOM
$$600,000 - $649,999             1                          7
$750,000 - $799,999               2                          58
$850,000 - $899,999               2                         30
$1,500,000 thru $1,749,999    7                         374
Total                                        7                         110

Average Price: $1,021,000

*DOM =  Days on Market

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