June Laurelhurst Real Estate Update

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



Not surprisingly June did cool off, at least in the market, with school winding down, and families planning summer vacations.

As you can see from the below data we had 8 new listings in June with an average price point of $1,978,000, one being a waterfront listing of $6,198,000. Another property listed at $1,900,000 went pending in 7 days.

In the Pending category, the average days on market was only one week, which indicates that our Laurelhurst market remains very strong.

In the sold category, the highest number of homes sold were in the $1,500,000-$1,750,000 range, pushing up the average sold price to $1,228,875.

Not only have interest rates remained low, they have actually decreased slightly, good news for buyers and positive for those thinking of selling their homes. I would not be surprised if our inventory in Laurelhurst, and all of Seattle for that matter remains low this summer.

So if you are thinking about selling your home now is the time to do all those items on your "to do" list and be prepared if and when the time is right for you.

NEW LISTINGS
Price                                   Quantity                   DOM  
$850,000 - $899,999                        1
$1,000,000 - $1,249,999                  1                           7
$1,250,000 - $1,499,999                  4
$1,900,000+                                     2                           7
Total: 8
Average Price: $1,978,000



PENDING INSPECTION

Price                                   Quantity                   DOM 
$1,000,000 - $1,249,99              1                                 10
Total: 1
Average Price: $1,200,000


PENDING
Price                                   Quantity                   DOM 
$1,000,000 - $1,249,999            2                                29.5
$1,250,000 - $1,499,999            2                                  9              
$1,750,000 - $1,999,99             1                                  7
Total: 5
Average Price: $1,404,000


SOLD        
Price                                   Quantity                   DOM 
$550,000 - $599,999                      1                                 7
$700,000 - $749,999                      1                                6
$800,000 - $849,999                     1                                 6
$1,000,000 - $1,249,999              1                                 6
$1,250,000 - $1,499,999               1                                   7
$1,500,000 - $1,749,999            3                                 14
Total: 8
Average Price: $1,228,875


Kim Dales can be reached at 206.235.777 or kodales@Windermere.com.