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.
- 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.
5142 46th Ave NE
4911 NE Laurelcrest Lane