The beat goes on in Laurelhurst with homes selling in less than a week! Nationally investment companies are upgrading their forecasts as well.
“Strong momentum in home prices as well as housing activity gave Morgan Stanley analysts enough confidence to upgrade their home price appreciation projections to roughly 7% (from 5%) for 2013, according to its latest global securitized credit report:
“The momentum in most metrics of housing activity is running well ahead of the pace we had expected,” said James Egan, Jose Cambronero and Vishwanath Tirupattur, analysts for Morgan Stanley.”
Not only are prices projected to appreciate. Experts are actually revising their projections upward as demand maintains its momentum.
NEW LISTINGS
Price Quantity
$2,000,000+ 2
Average price: $4,122,500
PENDING
Price Range Quantity DOM*
$600,000 - $649,999 1 28
$750,000 - $799,999 2 70
$1,000,000 - $1,249,999 1 120
$1,500,000 - $1,749,999 1 6
Average price: $997,800
Average DOM = 33
PENDING INSPECTION
Price Range Quantity DOM
$1,299,999 1 12
SOLD
Price Range Quantity DOM
$550,000 - $599,999 1 3
$650,000 - $699,999 1 7
$700,000 - $749,999 1 6
$950,000 - $999,999 1 4
$1,250,000 - $1,499,999 1 184
$1,500,000 - $1,749,999 1 29
Average sales price: $1,11,286
Average DOM = 37
Kim Dales can be reached at 206.235.777 or kodales@Windermere.com.
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