Wednesday, July 10, 2013

May Laurelhurst Real Estate Summary

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



25094_18.jpg
 

May was an incredible month for sales in Laurelhurst. Although our inventory in the city is down almost 
40% from this time last year, Laurelhurst was up over 300% from 3 sold homes in may of 2011, to
10 this year.

Days on market was neck and neck at 18 and 19 days, but perhaps the most impressive
statistic was the increase in our average sold price: from $754,333 in 2011 to $1,231,750! Location,
location, location.

If you have any specific questions concerning market trends and timing in our
neighborhood please give me a call.

Also if you are on the fence about selling please read this interesting article



NEW LISTINGS
Price                                          Quantity

$950,000 - $999,999                   1 
$1,250,000 - $1,499,999             1
$1,500,000 - $1,749,999              1
$2,000,000+                                 2
TOTAL                                          4

Average price: $1,898,000



PENDING INSPECTION
Price Range                      Quantity              DOM*
$600,000 - $649,999           1                         12
$700,000 - $749,999           1                           7
TOTAL                                 2



PENDING Price Range       Quantity         DOM*
$700,000 - $749,999            1                       8
$750,000 - $799,999            2                       8
$950,000 - $999,999            1                       7
$1,000,000 - $1,249,999      1                       8
$1,250,000 - $1,499,999      2                      11
$2,000,000+                         3                    230
TOTAL                                 10

Average price: $2,067,995
Average DOM: 75
4 out of 11 properties had multiple offers



SOLD
Price Range                  Quantity       DOM
$600,000 - $649,999          1              7
$700,000 - $749,999          1              6
$750,000 - $799,999          2              6
$900,000 - $949,999         2              42
$1,000,000 - $1,249,999   1               7
$1,250,000 - $1,499,999   1               8
$2,000,000+                      2              30
TOTAL                               10

Average price: $1,231,750
Average DOM: 18

Kim can be reached at 206.235.7772 or by email kodales@Windermere.com.

*DOM=Days on Market

No comments: