February Neighborhood Real Estate Report

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



February 2016 saw an increase in new listings over last February from 2 to 9. A healthy sign of things to come and, of course a continued indication that Laurelhurst sells, and sells quickly as seen by number of days on market.  

I am often asked by clients and friends, especially in a brisk market, if it is "really that important" to repaint, reduce personal effects or stage a house if it is vacant. The answer is, absolutely!  

 

Remember, a potential buyer wants to look at a clean, crisp home with the majority of personal items removed. They want to envision their family in the house not yours.

 

It is of course more challenging if you are living in your home while it is listed, but family photos should not be part of your staging. Replace them with artwork or just paint the walls and leave them blank, that way a prospective buyer will focus on the house.

 

NEW LISTINGS                                       Quantity

$1,000,000-$1,249,999                        2  * both went pending after 6 DOM

$1,250,000-$1,499,999                       2  * 1 went pending after 6 DOM

$1,500,000-$1,749,999                       1  * Pending after 8 DOM                            

$1,750,000 - $1,999,999                    4 

Total                                                      9
Median Price =  $1,650,000

 

PENDING INSPECTION                 Quantity        DOM

$1,500,000-$1,749,999                          1                              43

Median Price:   $1,699,950

 

 

PENDING                          Quantity    DOM

$1,000,000-$1,249,999           2                      7   *

$1,250,000-$1,499,999           2                      74  * 
$1,500,000-$1,749,999           1                      8   * 
$2,000,000+                              1                      50
Total                                           6                      37
Median Price: $1,375,000

 

 

SOLD                                 Quantity      DOM

$850,000-$899,999                 1                      7

$950,000-$999,999                 1                      7

Total                                           2                      7
Median Price:  $938,625

* Listings that went from Active to Pending in same month.