Monday, November 18, 2013

October Laurelhurst Real Estate Update

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


Well, October was spooky quiet with only 2 new listings!

The market has definitely slowed down in the past month evidenced by our overall lack of inventory in the neighborhood. 3 homes went pending and 3 sold with days on market increasing considerably since the spring and summer.

So what does this mean? Historically, we do see a slowdown in the market in the fall as days are shorter
and buyers start to focus on the holidays. The good news for sellers is that a lack of inventory and high
numbers of qualified buyers make our current market environment very appealing.

Here  is a great article, "The Importance of Curb Appeal," from the KCM Blog that gives some pointers of how to give your house some curb appeal before putting it on the market.

Price                                Quantity
$850,000 - $899,999             1
$2,000,000                            1

Average price = $1,822,500

Price Range                 Quantity             DOM* (Days on Market)
$850,000 - $899,999        1                                35

Average price $850,000

Price Range                           Quantity                  DOM

$900,000 - $949,999                           1                    25

Average price $929,950

Price Range                   Quantity                       DOM

$550,000 - $599,999            1                                     45
$1,000,000 - $1,249,999      1                                     12

Average price $875,000

Price Range                    Quantity                         DOM

$700,000 - $749,999               1                                         62
$850,000 - $899,999              1                                         88
$1,000,000 - $1,249,999         1                                          6

Average sales price = $900,333

If you have any questions regarding current real estate trends Kim can be reached at 206.235.7772 or

* Correction a typo was made on in the September Blog regarding a home that was listed for $2,100,000
that sold in September for $2,000,000. I stated that the days on market equaled 190 the correct number
per the Northwest Multiple Listing Service is.

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