April Laurelhurst Real Estate Report

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

4545 46th Avenue NE
Closed on 5/5, 4 offers, final price $1,015,000,
2 bedrooms, 3/4 bath.

April had four homes that sold in the neighborhood::

4008 NE 40th Street sold for $1,340,000; $90k over asking price with multiple offers. Two years ago sold for $1,005,000.  The owners did a kitchen remodel and added a barn door in the hallway for the 3rd bedroom.

4241 51st Avenue NE, a mid-century modern with many updates, sold for asking price of $1,385,000 and had one offer.

5010 48th Avenue NE, (not in Beach Club boundaries) sold for $110,000 over the listing price of $1,660,00 with multiple offers.  

3801 49th Avenue NE, located on a dead end street with big views of Lake Washington,  sold for $148,000 less than the original listing price of $2,150,000, hence the high number of days on market of 135.

Average days on market for homes in King County was 31 versus Laurelhurst which was 7.6 days on the market excluding one home that was listed for 135 days (3801 49th Ave NE). 

Home prices in the Western Washington market continue to rise at above-average rates  with demand continuing to exceed supply. Year-over-year, average prices rose by 9.5% but were 1.1% lower than in the final quarter of 2016. The region’s average sales price is now $409,351.  Based on the Gardner Report Q1 2016 vs Q1 2017 has had a 12.5% increase in housing price.  Price growth in Western Washington is unlikely to taper dramatically in 2017 and many counties will continue to see prices appreciate well above their long-term averages.

ACTIVE

List Price	Address	Sq.Ft	Price per/sq.ft
*$815,000	4545 46th Ave NE	1,280	$636.72
*$997,000	5029 Harold Pl NE	2,700	$369.26
*$1,175,000	4530 51st Ave NE	2,820	$416.67
*$1,295,000	3921 NE 41st St	2,509	$516.14
$1,500,000	4550 51st Ave NE	3,410	$439.88
$1,895,000	3922 NE Belvoir Place	3,890	$487.15
$1,895,000	4712 NE 40th St	3,770	$502.65
*$1,935,000	3824 49th Ave NE	3,140	$616.24
$3,250,000	5155 NE Latimer Place	3,800	$855.26
$6,800,000	5135 NE Laurelcrest Lane	4,390	$1,548.97

* under contract in April

PENDING INSPECTION

List Price	Address	Sq.Ft.	Price per/sq.ft	DOM
*$1,935,000	3824 49th Ave NE	3,140	$616.24	14

PENDING

List Price	Address	Sq.Ft.	Price per/sq.ft	DOM
*$815,000	4545 46th Ave NE	1,280	$636.72	6
*$997,000	5029 Harold Pl NE	2,700	$369.26	6
$1,100,000	5308 NE 43rd St	2,270	$484.58	9
*$1,175,000	4530 51st Ave NE	2,820	$416.67	8
*$1,295,000	3921 NE 41st St	2,509	$516.14	8
$1,595,000	4556 52nd Ave NE	3,370	$473.29	12
$1,895,000	3904 NE Belvoir Place	3,533	$536.37	5

SOLD

List Price	Sold Price	Address	Sq.Ft.	Price p/sq.ft	DOM
$1,250,000	$1,340,000	4008 NE 40th St	2,570	$521.40	7
$1,385,000	$1,385,000	4241 51st Ave NE	3,370	$410.98	7
$1,550,000	$1,660,000	5010 48th Ave NE	2,920	$568.49	6
$2,298,000	$2,150,000	3801 49th Ave NE	4,990	$430.86	135