Kim Dales has provided this neighborhood real estate activity report for the month of June:
July was a very busy month in our neighborhood with some interesting market developments. For the first time in approximately 5 years there were 15 active listings, 9 have been on the market for more than 17 days. This is a marked change from our spring market or, for that matter, from the past few years.
Across the city more properties have been coming on the market, however the market has slowed resulting in an increase in days on market and more price reductions than we have seen.
Second, the number of multiple offers are decreasing and in fact many homes are not receiving offers on their review dates. What does this mean for sellers? If you are planning to list your home in the next few months I would suggest being a bit more conservative in your pricing. You need to say to yourself, if I list my home at this price and that is the offer I receive will I be satisfied? Seller's have become used to multiple offers driving their list price up, suddenly this is no longer the case. The last thing a seller wants is double digit days on market. This sends a signal to potential buyers that the home is overpriced and that there is room to negotiate.
With that said the median sold price in Laurelhurst for July of 2018 was $1,720,000 compared to July of 2017 which was $1,537,500.
ACTIVE LISTINGS
Address
|
List Price
|
Beds/
Baths
|
Year
Built
|
Sq.Ft
|
CDOM
|
Price
p/sq.ft
|
5005 48th Ave NE
|
$950,000
|
3/1.75
|
1960
|
1,950
|
4
|
$487.18
|
4526 48th Ave NE
|
$1,049,000
|
3/2.25
|
1943
|
1,860
|
9
|
$563.98
|
5107 46th Ave NE
|
$1,165,000
|
4/2
|
1943
|
2,695
|
18
|
$432.28
|
*4535 NE 41st St
|
$1,195,000
|
4/2.75
|
1933
|
2,070
|
8
|
$577.29
|
*4202 43rd Ave NE
|
$1,198,000
|
4/1.75
|
1946
|
2,758
|
3
|
$434.37
|
4114 36th Ave NE
|
$1,495,000
|
4/3.25
|
1946
|
3,180
|
52
|
$470.13
|
4826 NE 41st St
|
$1,550,000
|
4/2.25
|
1930
|
3,300
|
87
|
$469.70
|
4011 50th Ave NE
|
$1,675,000
|
4/2.25
|
1929
|
2,410
|
8
|
$695.02
|
3915 51st Ave NE
|
$2,390,000
|
4/3.5
|
2003
|
4,190
|
52
|
$570.41
|
4215 55th Ave NE
|
$2,400,000
|
6/3.25
|
1958
|
3,760
|
8
|
$638.30
|
4214 53rd Ave NE
|
$2,450,000
|
4/3
|
1916
|
3,671
|
17
|
$667.39
|
3011 E Laurelhurst Dr
|
$2,995,000
|
4/3.5
|
1908
|
5,380
|
57
|
$556.69
|
3516 46th Ave NE
|
$3,087,000
|
6/4.5
|
1921
|
4,400
|
49
|
$701.59
|
5020 NE 45th St
|
$4,750,000
|
5/5.5
|
1969
|
8,710
|
167
|
$545.35
|
3054 E Laurelhurst Dr NE
|
$11,800,000
|
5/4.75
|
1928
|
7,683
|
693
|
$1,535.86
|
*listed and under contract in July
PENDING IN JULY
Address
|
List Price
|
Beds/
Baths
|
Sq.Ft.
|
CDOM
|
*4535 NE 41st St
|
$1,195,000
|
4/2.75
|
2,070
|
8
|
*4202 43rd Ave NE
|
$1,198,000
|
4/1.75
|
2,758
|
3
|
3844 Surber Dr NE
|
$1,200,000
|
3/1.75
|
1,690
|
11
|
3201 43rd Ave NE
|
$11,750,000
|
4/6
|
8,562
|
41
|
4239 51st Ave
NE $1,795,000 contingent offer received July 27th
*Listed and under contract in July
SOLD IN JUNE
Address
|
List Price
|
Sale Price
|
CDOM
|
Beds/
Baths
|
Sq.Ft
|
Price
p/sq.ft
|
Date Sold
|
5042 Harold Pl NE
|
$1,065,000
|
$1,075,000
|
23
|
2/1.75
|
1,930
|
$556.99
|
7/17
|
5029 44th Ave NE
|
$1,150,000
|
$1,203,088
|
2
|
3/3.25
|
2,091
|
$575.36
|
7/9
|
4133 42nd Ave NE
|
$1,500,000
|
$1,500,000
|
12
|
5/2.75
|
2,720
|
$551.47
|
7/10
|
4316 36th Ave NE
|
$1,599,000
|
$1,520,000
|
28
|
8/4
|
3,650
|
$416.44
|
7/31
|
5112 46th Ave NE
|
$1,995,000
|
$1,920,000
|
33
|
4/3.25
|
3,509
|
$547.16
|
7/24
|
4537 49th Ave NE
|
$1,949,500
|
$1,949,500
|
6
|
5/3.5
|
3,790
|
$514.38
|
7/5
|
3908 NE 38th St
|
$2,295,000
|
$2,250,000
|
4
|
3/2
|
2,800
|
$803.57
|
7/31
|
3315 E Laurelhurst Dr NE
|
$2,495,000
|
$2,392,500
|
19
|
5/3.25
|
4,270
|
$560.30
|
7/5
|
Averages
|
$1,726,261
|
16
|
$565.71
|
Median Sales Price = $1,720,000
CDOM = Cumulative Days on Market
No comments:
Post a Comment