Real Estate End Of Year And December Laurelhurst Summary

Winter sunset fromLaurelhurst

Kim Dales has provided this neighborhood real estate activity report.

End of Year Summary:
 64 houses Sold including those in not in the Beach Club
 Average Square Footage: 3,044
 Average Cumulative Days on Market:  26 days
 Average Sales Price:  $1,658,325
 Median Price:  $1,475,000

December Real Estate Summary: 

December 2017 hit a new low in number of new listings: only 1 and it went pending in only 2 days. The five remaining listings have all been on the market over 44 days with the largest and most expensive home exceeding 16 months on the market. With the average home in Laurelhurst selling in 7-10 days these 5 homes could benefit from large price reductions. Statistically the longer a home stays on the market the more potential buyers wonder if there are problems or just assume it is over priced. Sellers beware. Price to sell, not to sit.

The home that went pending in just 2 days at 4115 51st Avenue NE was sold in August of 2017 for $930,000, then totally remodeled and placed back on the market in just 4 months. The other pending home on East Laurelhurst Drive NE had an incredible view and old world charm. It sat high above the lake and had gracious formal living spaces.

ACTIVE LISTINGS AS OF DECEMBER 31st

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
*4115 51st Ave NE	$1,549,950	5/3	1939	3,074	2	$504.21
3141 E Laurelhurst Dr NE	$2,260,000	3/3.s5	1923	3,840	94	$588.54
4312 36th Ave NE	$2,279,000	5/5.5	2016	4,800	118	$474.79
3817 49th Ave NE	$2,468,000	4/3.75	1970	3,467	44	$711,85
4549 55th Ave NE	$2,795,000	4/4	2014	4,320	169	$646.99
3054 E Laurelhurst Dr NE	$11,800,000	5/4.75	1928	7,683	482	$1,535.86

* New listing & under contract in December

PENDING IN DECEMBER

Address	List Price	Beds/ Baths	Sq.Ft.	CDOM	Price p/sq.ft
*4115 51st Ave NE	$1,549,950	5/3	3,074	2	$504.21
3408 E Laurelhurst Dr NE	$2,950,000	4/3.25	4,410	87	$668.93

CDOM = Cumulative Days on Market