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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