Tuesday, November 15, 2016

October Laurelhurst Real Estate Monthly Report

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

Home currently on the market at
3914 47th Avenue NE





October had only two new listings. The quieter market is not usual to see going into the holidays. However, I still believe, even in this slower market time that if a home is priced correctly, it ill sell in any given month.

Some interesting properties to note are 5141 NE 54th Street  thatsold for $707.16 per square foot. The average price for the last 90 days for 30 closed listings in the $600,000 to $3,000,000  price range is $481.00.  

And a Colonial home on a large lot with views of Union Bay at 3621 43rd Avenue NE  sold 113% sale price to listing price in multiple offers, meaning that the closing price was 13% higher than the original list price..

Laurelhurst's average "days on market" during the 3rd quarter was 15 days (doesn't include a waterfront property that was on the market for 274 days) and overall for King County, the hottest market in the region, was 20 days.

The Western Washington Gardner Report Q3 noted that there were 24,277 home sales in King County during the third quarter of 2016 up 7.95 % from 2015.  Overall listing activity remains low, with the total number of home sales at the end of the 3rd quarter 11.2% below last year at this time.  As demand continues to exceed supply, average prices rose by 10.2% , 3.2% higher than the second quarter of this year.



ACTIVE

List Price
Address
Sq.Ft
Price per/sq.ft

*895,000
5020 47th Ave NE
2,080
$430.29
12
$2,298,000
3801 49th Ave NE
4,990
$460.52




PENDING

List Price
Address
Sq.Ft.
Price per/sq.ft
DOM
*895,000
5020 47th Ave NE
2,080
$430.29
12
$1,998,000
4722 48th Ave NE
4,400
$454.09
16
* Listed in October


SOLD

List Price
Sold Price
Address
Sq.Ft.
Price per/sq.ft
DOM
$649,000
$665,150
5141 NE 54th St
940
$707.61
8
$850,000
$867,500
5011 45th Ave NE
2,880
$301.22
2
$1,198,000
$1,135,000
5010 NE 52nd St
4,000
$283.75
52
$1,095,000
$1,135,000
4338 NE 43rd St
2,320
$489.22
8
$1,075,000
$1,185,000
3883 44th Ave NE
2,420
$489.67
7
$1,295,000
$1,250,000
4011 50th Ave NE
2,684
$465.72
11
$1,100,000
$1,255,000
5151 NE 55th St
2,970
$422.56
11
$1,600,000
$1,500,000
4746 45th Ave NE
3,690
$406.50
18
$1,650,000
$1,505,000
4543 52nd Ave NE
4,210
$357.48
167
$1,575,000
$1,785,000
3621 43rd Ave NE
4,200
$425.00
7
$1,925,000
$1,885,000
3831 49th Ave NE
4,020
$468.91
4
$2,649,500
$2,530,000
5142 NE 41st St
3,745
$675.57
26
$2,895,000
$2,625,000
5126 NE 42nd St
4,419
$594.03
60

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