Thursday, January 12, 2017

December Laurelhurst Real Estate Report And 2016 Overivew




4741 47th Avenue NE
recently sold for $750,000
 




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


December was quiet with just one new listing (pictured above) at 4741 47th Avenue NE, listed at $799,000 and sold for $750,000.  One property went under contract and there were no closings.

2016 Overview:

  • 60 homes sold  compared to 61 in 2015
  • 48 average days on market
  • Median sales price was $1,735,408 or $494.65 per square foot, a 24% increase over 2015
  • Of the 60 homes sold 56 were within the Beach Club boundaries, 10 sold for over $2,000,00, with one closing at $9,750,000


2017 looks to have a number of new construction properties hitting the market, with hopefully an increase in inventory in general, which should bring some balance to the market. Interest rates are predicted to have a moderate increase but remain low comparatively speaking.

Laurelhurst continues to be a very sought after neighborhood and many buyers are waiting in the wings to purchase here.


ACTIVE

List Price
Address
Sq.Ft
Price per/sq.ft
$1,775,000
5142 46th Ave NE
3,669
$483.78

PENDING INSPECTION

List Price
Address
Sq.Ft.
Price per/sq.ft
DOM
$9,998,000
4911 NE Laurelcrest Lane
9,590
$1,042.54
451




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