Tuesday, May 19, 2015

April Laurelhurst Real Estate Summary

Kim Dales has provided this neighborhood real estate activity monthly report:



 


April showers were few this spring and apparently so were new listings in Laurelhurst. Compared to last year both Laurelhurst and Seattle metro were down about 25% in number of listed homes compared to the spring of 2014.

When a property does come on the market in Laurelhurst, it is many times selling above its list price. The perfect example is a waterfront property that was listed and sold in April. The list price was $4,650,000 and it sold with multiple offers for $5,220,000.

Real Estate Trivia:
Just 30 years ago interest rates were in the 12 to 14% range. Today they are approximately 3.8% for 30 year fixed mortgage.


NEW LISTINGS
Price                                   Quantity                   DOM* 

$950,000 – $999,999               2                           currently pending  
$1,250,000 - $1,499,999         3                            2 of these is currently pending
$1,500,000 - $1,749,999         2                            currently pending
$2,000,000+                           1                             pending in 7 days
Total 8

Median Price $1,363,000




PENDING
Price                                   Quantity                   DOM 

$950,000 - $999,999              2                            6
$1,000,000 - $1,249,999        1                           97
$1,250,000 - $1,499,999        3                           10 
$1,500,000 - $1,749,99          1                            8 
$2,000,000+                           2                           28
Total                                       9                           30

Median Price:  $1,287,500
Average DOM:  30





SOLD
Price                                   Quantity                   DOM 

$1,000,000 - $1,249,999       3                              52
$1,250,000 - $1,499,999       1                               5
$2,000,000+                          2                               7
Total                                      6                              29

Median Price:  $1,247,500
Average DOM:  29



*DOM=Days on Market

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