Tuesday, March 12, 2013

February Laurelhurst Real Estate Summary

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


It was an extremely quiet February with many buyers and no inventory continuing. The resurgence of multiple
offers is occurring in all price points in Laurelhurst as noted in the statistics.

I know I sound like a broken record, but if you are wondering if this is the right time to sell your home, the lack of homes on the market is an excellent indicator.

Here is an article which I think is of value "Is There a Window of Opportunity for Sellers Right Now?"

If I can assist you will any Real estate questions please call me at 206.235.7772 or email kodales@Windermere.com.

Price Range
$550,000 - $599,999               1
$600,000 - $649,999              1
$1,250,000 - $1,499,999        1

Average Price: $883,000

Price Range                   Quantity                 DOM*
$2,000,000+                          1                          6
(waterfront listing)

Price Range                  Quantity           DOM*
$650,000 - $699,999      2                        7
(homes went straight to pending, 1 had 4 offers, the other had 2 offers)

Price Range                  Quantity                  DOM
$550,000 - $599,999         1                             6       (short sale on 47th Ave NE - closed for $555,00)

$950,000 - $999,999          1                           34      (sold for $971,000)

$1,200,000 - $1,700,000    1                           84      (gorgeous view home sold for $1,475,000)

Monthly Average sales price: $1,000,333
Monthly Average Days on Market: 75

*DOM= Days on Market

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