October Neighborhood Real Estate Activity

Kim Dales has provided this neighborhood real estate activity for October:

The housing market continues to plug along with some interesting developments: 

• Laurelhurst remained strong with an average of 17 days on market compared to Seattle's average of 21, which was a 200% increase from last year. 

• Sold homes in Seattle were down 27% from October of 2021 but Laurelhurst had 15 Active listings vs only 2 last year. 

• Considering the Feds most recent increase in interest rates, a whopping 3.75% since March, homes continue to be listed and sold in Laurelhurst.

Here are some statistics that sellers should take into account when listing their homes: 

• In Seattle the number of homes that sold above their list price was down 62% from last year. 

• With higher interest rates, buyers are getting much more conservative resulting in less multiple offers with some buyers making offers less than the listing price.

For sellers in Laurelhurst, the silver lining for sellers is that the median home price was up $475,000 from October of 2021. 

ACTIVE LISTINGS AS OF 11/4/2022

 

Address	List Price	Beds/ Baths	Year Built	Sq.Ft	CDOM	Price p/sq.ft
4278 NE 50th St	$999,400	4/2.5	2019	2,020	35	$494.75
4747 49th Ave NE	$1,050,000	3/2	1926	1,960	35	$535.71
4280 NE 50th St	$1,099,000	4/2.5	2019	2,020	93	$544.06
5032 Sand Point Pl NE	$1,150,000	3/2.5	2021	1,510	84	$761.59
5035 47th Ave NE	$1,200,000	2/1.75	1940	2,240	29	$535.71
5051 50th Ave NE, #28	$1,298,000	2/2.5	1986	2,271	50	$612.07
3816 42nd Ave NE	$1,487,000	3/2	1949	3,040	44	$489.14
5208 NE 50th St	$1,549,500	4/2.5	1946	2,710	72	$571.77
4322 NE 43rd St	$1,598,000	4/2.5	1928	3,050	13	$523.93
4545 49th Ave NE	$1,706,000	4/3.25	1950	2,440	35	$699.18
4750 45th Ave NE	$1,899,000	4/3.25	1941	2,850	99	$666.32
4565 E Laurel Dr NE	$2,225,000	3/2	1951	2,180	105	$1,020.64
5107 48th Ave NE	$3,449,950	5/3.25	2022	4,397	10	$784.61
3141 E Laurelhurst Dr NE	$3,598,000	3/3.25	1923	3,840	142	$936.98
3201 43rd Ave NE	$18,700,000	5/6	2017	8,562	91	$18,700,000

SOLD IN OCTOBER

Address	List Price	Sold Price	CDOM	Beds/ Baths	Sq.Ft	Price  p/sq.ft	Date Sold
3421 W Laurelhurst Dr NE	$1,895,000	$2,000,000	4	4/2.5	2,410	$829.88	10/14
4511 55th Ave NE	$2,050,000	$2,000,000	12	3/3	2,570	$778.21	10/03
3144 W Laurelhurst Dr NE	$2,100,000	$2,050,000	4	4/2.5	3,220	$636.65	10/24
4541 51st Ave NE	$2,850,000	$2,675,000	48	4/3	3,240	$825.62	10/18
Averages		$2,181,250	17			$767.59

Median Sales Price = $2,025,000

CDOM = Cumulative Days on Market