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 kodales@windermere.com.
NEW LISTINGS
Price Range Quantity
$700,000 0 $749,999 1
Total 1
Average Price: $729,000
PENDING SHORT SALE
Price Range Quantity Average DOM*
$550,000 - $599,999 2 65
Total 2 65
Average Price: $579,975
SOLD
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
No comments:
Post a Comment