I hope you all had a nice Thanksgiving with family and friends. All of King County including our neighborhood is experiencing a significant decrease in new listings, and November was probably the lowest in 2012.
Last year in November there were 5 new listings. This November in Laurelhurst only 1! Days on Market reflect this shortage of inventory with an average of 34 days on market in 2011 compared to only 5 days on market this year. We did see a bit of a flip flop in # of sold properties with only 2 in 2011 compared to 6, a 300% increase this year.
As 2012 comes to an end it continues to be a Seller's Market with Buyers ready and willing to pay asking price or above.
If I can assist you will any Real estate questions please call or email me @ 206.235.7772, kodales@Windermere.com.
NEW LISTINGS
Price Range Quantity
$1,000,000 - $1,249,999 1
Total 1
Average Price: $1,225,000
PENDING INSPECTION
Price Range Quantity Average DOM*
$450,000 - $499,999 1 5
Total 1 5
Average Price: $499,000
PENDING
Price Range Quantity Average DOM*
$500,000 - $549,999 1 7
$1,000,000 - $1,249,999 1 5
Total 2 6
Average Price: $810,000
SOLD
Price Range Quantity Average DOM
$500,000 - $559,999 1 39
$650,000 - $699,999 1 34
$800,000 - $849,999 1 192
$950,000 - $999,999 1 83
$1,000,000 - $1,249,999 1 23
$1,250,000 - $1,499,999 1 51
Total 6 70
Average Price: $888,667
*DOM=Days on Market
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