Wednesday, April 4, 2018

March Laurelhurst Real Estate Summary

Kim Dales has provided this neighborhood real estate activity report for the month of March:



 3925 48th Ave NE
listed for $1,195,000



The market picked up in March which is consistent with our annual spring inventory surge.

Surge is probably not a fair term when you consider there are approximately 1,600 homes in Laurelhurst, and there were only 5 new listings in March, with 4 active listings having 39 or more days on the market.

It is also interesting to note that the March new listings also received offers and went from Active to Pending this month with an average of 7.6 days on the market!  

City wise, inventory is down over 20% from last year, with a Median sales price of $1,410,000. This is an increase of $555,000 over March 2017 which had a Median sales price of $855,000.  

Nationally, Seattle and Denver are tied in the lack of inventory department with numerous waiting and willing buyers waiting on the sidelines.




ACTIVE LISTINGS AS OF April 2nd

Address
List Price
Beds/
Baths
Year
Built
Sq.Ft
CDOM
Price
p/sq.ft
*3925 48th Ave NE
$1,195,000
4/2
1925
2,880
6
$414.93
*4736 45th Ave NE
$1,595,000
4/1.75
1928
2,960
9
$538.85
*4810 NE 44th St
$1,788,000
4/3
1950
3,367
9
$531.04
5155 NE Latimer Pl
$2,150,000
5/3.25
1925
3,800
39
$565.79
*4546 48th Ave NE
$2,250,000
5/3.5
2016
4,120
6
$546.12
*3834 46th Ave NE
$2,395,000
4/3.75
2004
5,120
8
$467.77
3817 49th Ave NE
$2,438,000
4/3.75
1970
3,467
123
$703.20
5020 NE 45th St
$4,950,000
5/5.5
1969
8,710
44
$568.31
3054 E Laurelhurst Dr NE
$11,800,000
5/4.75
1928
7,683
538
$1,535.86
*listed and under contract in March


PENDING IN MARCH

Address
List Price
Beds/
Baths
Sq.Ft.
CDOM
*3925 48th Ave NE
$1,195,000
4/2
2,880
6
*4736 45th Ave NE
$1,595,000
4/1.75
2,960
9
4511 NE 38th St
$2,195,000
4/3
4,044
122
3834 46th Ave NE
$2,395,000
4/3.75
5,120
8
4105 NE Surber Dr
$4.950,000
5/4
7,510
2
*Listed and under contract in March



SOLD IN MARCH

Address
List Price
Sale Price
CDOM
Beds/
Baths
Sq.Ft
Price
p/sq.ft
Date Sold
3712 41st Ave NE
$1,250,000
$1,350,000
6
3/1.75
2,360
$572.03
3/21
4715 45th Ave NE
$1,185,000
$1,370,000
7
4/1.5
2,210
$619.91
3/2
5015 Harold Pl NE
$1,195,000
$1,410,000
7
4/2.5
2,660
$530.08
3/16
3357 46th Ave NE
$1,975,000
$1,975,000
13
5/4
3,745
$527.37
3/8
4549 55th Ave NE
$2,980,000
$2,510,000
205
4/4
4,320
$581.02
3/13
Averages


74

3,059
$566.08


Median Sales Price = $1,410,000
CDOM = Cumulative Days on Market

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