Thursday, October 30, 2014

September Laurelhurst Real Estate

Thanks to Kim Dales for providing us with this neighborhood real estate activity monthly report.  Kim can be reached at 206.235.777 or kodales@Windermere.com.

 
 





September although a bit quiet inventory wise, had an amazing increase in sold housing values from September of 2013. Last September the average list price was $1,041,167. This September the average list price was $1,377,312 that is an increase of 25% over last year.

Last September the average sales price in Laurelhurst was $945,000.  This September it was $1,453,548 a 35% increase from September of 2013.

What does this mean if you own a home in our neighborhood? Well, with interest rates remaining remarkably low and stable this gives potential buyers more buying power and sellers the upper hand when pricing their homes.

We continue to be in a strong seller's market due to the lack of inventory in our neighborhood, and the abundance of buyers in the marketplace.


NEW LISTINGS
Price                                   Quantity                   DOM 
$550,000 - $599,999                   1
$600,000 - $649,999                   1
$700,000 - $749,999                   1
$1,000,000 - $1,249,999             1
$1,250,000 - $1,499,999             2
$1,500,000 - $1,749,999             1
$2,000,000+                                1
Total                                            8

Average Price: $1,377,312


PENDING
Price                                   Quantity                   DOM 

$550,000 - $599,999              1                            28
$600,000 - $649,999              1                             9
$700,000 - $749,999              2                           20
$1,000,000 - $1,249,999        1                           35
$1,250,000 - $1,499,999        1                         105
Total                                       6                            36

Average Price: $871,000
Average DOM = 36


SOLD          
Price                                   Quantity                   DOM 

$650,000 - $699,999             1                             2
$800,000 - $849,999             1                           28
$950,000 - $999,999             1                            30
$1,750,000 - $1,999,999       1                          27
$2,000,000+                         1                            61
Total                                     5                          30

Average sales price $1,453,548
Average DOM = 30

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