Monday, August 17, 2015

July Laurelhurst Real Estate Update

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


Happy summer everyone! July listings, and our weather were very similar this year. Low inventory, and very low precipitation. Only 4 new listings in July. I think this is possibly a historical low for our neighborhood.

As you can see below, we did have 6 homes move into the Pending column, but only 4 homes closed with a lower median price point than usual. It makes you wonder if our unprecedented warm weather distracted both buyers and sellers a bit. Just too hot to list and too hot to tour homes!

We continue to have a large number of buyers vying for a home meaning multiple offers especially in Laurelhurst.


 
 
NEW LISTINGS
Price                                   Quantity                   DOM
 
$550,000 - $599,999              1*                               pending

$650,000 - $699,999              1**                           Active-Pending-Sold
 
$750,000 - $799,999               1 *                          pending
$850,000 - $899,999               1
Total                                        4
Median Price:  $697,250
 
 
 
 
PENDING
Price                                   Quantity                   DOM
 
$550,000 - $599,999                  1                              6    *
$750,000 - $799,999                  1                               9   *
$1,000,000 - $1,249,999           2                              53
$1,250,000 - $1,499,999           2                              11                         
Total                                         6                              24
Median Price:  $1,137,000
Average DOM:  24


 
 
 
SOLD
Price                                   Quantity                   DOM
 
 
 
$650,000 - $699,999               2                              16 **
$1,000,000 - $1,249,999        1                                6
 
$1,750,000 - $1,999,999         1                                 6
Total                                          4                              11
Median Price:  $947,000
Average DOM:  11




 
* Properties going from Active to Pending in the same month
**   Property went from Active to Pending to Sold in the same month
 
 
 

 

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